Financing
Have you fallen in love with a characterful Japanese sports car, but don't know how to raise the money? Then maybe we can help with this short section.
Today there are alternative forms of financing to the conventional "cash payment". To use one of these forms is not absurd! It makes sense not to tie up/block all of your saved capital by buying a vehicle, but to preserve existing liquid funds for your livelihood or other necessary investments (e.g. training). Therefore, do not hesitate to use a form of financing in such a case, or at least to consider it.
In order to make your dream come true, we don't leave out any of the financing options for you. There is always a solution, even if your budget may not be that big.
We will clear the way for you! We clarify things for you, we submit the financing application to a financing provider for you and we take on the necessary administrative work.
Below you will find a brief explanation of our extended forms of financing:
Most new cars and young used cars that are "over the counter" in Switzerland find a new owner via leasing. If this possibility did not exist, only a small proportion of new cars would be sold and put into circulation.
When does leasing make sense?
For new cars and recently used vehicles that are to be returned to the garage after 1 to 5 years and for which a contractual residual value has been defined.
How does leasing work and what are the obligations associated with leasing?
The leasing contract concluded between the lessor (in our case Cembra Money Bank AG) and the lessee (you) forms the legal vehicle and thus the start of the leasing. Leasing runs for a contractually specified period (usually 1 to 5 years) and is only possible if the vehicle has not yet reached the age of 14 at the end of the contract. You need fully comprehensive insurance for the entire term of the lease.
The vehicle belongs to the lessor for the duration of the lease and you as the lessee only have the right to use the vehicle for a certain number of km per year. Changes to the vehicle may only be made in consultation with the lessor, because at the end of the contract you must return the vehicle to the garage in an unchanged condition (or purchase the vehicle at the agreed residual value). Code 178 is entered in the vehicle registration document at the beginning of the contract to indicate ownership.
The amount of the monthly leasing installments depends on the purchase price, the defined residual value, the term, the interest and the amount of the down payment (if desired).
Leasing is prohibited if it leads to over-indebtedness of the consumer (according to Art. 3 UWG).
What documents are required for a leasing application?
So that we can submit the leasing application to the lessor on your behalf, we need insight into your valid ID, your passport or your residence permit. In addition, you must tell us the contents of the leasing application (information about the person, the employer, income and fixed expenses).
What is the probability that the lessor will approve the application?
You have a good chance of a positive decision on your leasing application if you have completed an apprenticeship and are in permanent employment, have a clean record (no debt enforcement or the like) and no other leasing or financing obligations already exist.
When does financing/a car loan make sense?
For vehicles that are more than 5 years old and preferably have a stable value. Financing (we also call it a car loan) also works for vehicles from the 90s or even for cars with veteran status.
How does financing work and what are the obligations associated with financing?
With this form of financing, too, the contractual basis between the lender (in our case Cembra Money Bank AG) and the borrower (you) forms the cornerstone. In contrast to leasing, however, the vehicle belongs to you from the start of the contract. You can modify it according to your own taste, because you amortize the vehicle to a residual amount of CHF 0.-. This means that you do not have to return the vehicle after the end of the contract.
Financing can be concluded for periods ranging from 6 months to 6 years. Likewise, it is up to you whether or not to pay a deposit when signing the contract, and the age of the vehicle does not matter. There is also no comprehensive insurance obligation on the part of the insurance company (although it is still advisable in many cases) and you can cover as many km per year as you like. There is no special financing label in the vehicle registration document.
When it comes to financing/car loans, you also have the option at any time to withdraw from the contract early, to temporarily amortize a larger amount than contractually agreed, or even to sell the car.
The amount of the monthly financing installments depends on the purchase price, the term, the interest and the amount of the down payment (if desired). Compared to the form of leasing, the interest charged is somewhat higher in the case of financing, since the financier bears a higher risk here. On the other hand, as a borrower, you have much more freedom.
Lending is prohibited if it leads to over-indebtedness of the consumer (according to Art. 3 UWG).
What documents are required for a financing application?
In order to be able to submit the financing application to the financing provider on your behalf, we need to see your valid ID, your passport or your residence permit. You must also tell us the contents of the financing application (personal information, employer, income and fixed expenses).
What is the probability that the funding provider will approve the application?
You have a good chance of a positive decision on your financing application if you have completed an apprenticeship and are in permanent employment, have a clean record (no debt enforcement or the like) and have no other leasing or financing obligations.
The good old cash payment is probably the easiest way to settle a debt, especially for older vehicles. If only a small amount is missing, it's often a good idea to ask a family member or friend for temporary help rather than throwing yourself into the commitment of financing.
Payment by invoice is only possible with us for maintenance work or when purchasing other services, but not when buying vehicles.
