Thinking about a new car? To buy a new vehicle? If you do not want to pay the full price, you will have your turn to either credit or leasing. Beyond the marketing arguments, what are the real cost differences between these two solutions? We offer some explanations.
First of all, it is important to understand what is a loan and what is a leasing. Indeed, if both are used to finance vehicles, there is a big difference between those two solutions:
It is difficult to identify the best solution at first glance. Indeed, the total cost will depend on many circumstances: price of the vehicule, contract duration, vehicule value depreciation over time (which varies depending on brands and models), interest rates, terms of the contract, … If the exact cost is somewhat difficult to calculate without a concrete offer, we can nevertheless identify certain trends:
Finally, it is necessary, before deciding, to understand that, beyond the cost differences, you should take other matters into consideration. Thus, a car lasing generaly comes with some restrictions stipulated in the contract:
Finally, the choice is not so obvious, and will depend on circumstances and preferences. For this reason, the best solution is to compare offers. If you can ask a leasing quote directly from your car dealer, you can also get a free loan offer directly towards a loan agency like CreditLoan: http://www.creditloan.ch in order to receive a free non-binding quote.