Leasing Budget: Avoid Hidden Costs (6 Tips)
Leasing allows you to purchase a car with a different payment plan and reduces the impact on your portfolio. However, everything does not always go as planned, unforeseen and sometimes steep bills and hidden leasing costs can compromise your budget planning in the acquisition of a car. Gowago.ch provides you with 6 wise advice to help you in your choices and assists you in order to save up to CHF 10,000 on your leasing budget and to avoid additional costs.
Consolidate all the running costs into a single monthly payment.
To facilitate your budget planning and save money, gowago.ch offers you the All-in-one formula. The All-in-one contract gives you the possibility to benefit from a monthly payment including all the necessary services and additional costs. This formula combines the comprehensive insurance of your vehicle, the taxes related to registration and cantonal road tax,the tyres as well as their storage and change, as well as the extension of the guarantee. Saving time and money, this formula offers specific discounts and allows you to pay all the possible charges of your vehicle in one monthly payment. Over a leasing period of 48 months, you can expect to save between CHF 1,000 and 2,000 compared to buying separately.
Potential savings: from CHF 1,000 to 2,000
Choosing leasing on a second-hand vehicle
The leasing is also available on used car models, which offer a more affordable selling price and ultimately a reduced monthly payment. Gowago.ch offers you in its catalogue a wide choice of second-hand vehicles in leasing with interesting monthly payments for a period going from 12 to 60 months. By choosing a second-hand model instead of a new one you will be able to make potential savings of between CHF 3,000 and 5,000, depending on the model of the car and its mileage. Taking the example of a second-hand Audi A1 Sportback 30 TFSI S-tronic
with a mileage of 2500 km, displayed at a new list price of CHF 35,500. With standard Leasing parameters - 48 months - 10 000km/y - 15% down payment, the second-hand leasing rate offers you a monthly payment of CHF 530 all inclusive (CHF 626 if the vehicle was new).
Potential savings: from CHF 3,000 to 5,000
Choosing the right mileage
The lease contract defines the number of kilometres you plan to drive with your vehicle. Thus, to prepare the acquisition of your leasing, it is imperative to evaluate the use of the car in order to extrapolate the distance you could drive. The excess mileage provided for in the contract is generally penalized at a rate of 20 cents per kilometer. Thus, you will have to choose the mileage adapted to your needs in order to avoid paying penalties at the end of the leasing contract. A wise choice of mileage will allow you to potentially save between CHF 200 and CHF 1500.
Potential savings: from CHF 200 to 1500
Opting for a vehicle with a high residual value
The residual value of a vehicle plays an important role in the budget when choosing a car for leasing. As the residual value is the amount to be paid before taxe at the end of the leasing contract if you decide to exercise the purchase option, it influences the monthly payments during the lease. The greater the residual value, the lower your monthly payment will be, but the purchase price will be higher. By choosing this method, you can save between CHF 2,000 and CHF 10,000 in leasing rates.
Potential savings: from CHF 2,000 to 10,000
Negotiating a trade-in
The car trade in has proved to be effective in limiting your expenses by finding out more about the value of the vehicle and negotiating a good price. You can make some savings and invest the money earned for the down payment of a leasing contract. With this strategy, you can save between CHF 3,000 and CHF 10,000 when negotiating the lease.
Potential savings: from CHF 3,000 to 10,000
Choosing the right insurance coverage
When the vehicle is returned to the dealer at the end of the lease, the car is examined for wear and tear not covered by the contract. This step can be very expensive if you are not well prepared. In order to avoid unforeseen expenses at the handover of the lease, gowago.ch offers you its full casco insurance which covers most of the risks at the handover and avoids surprise invoices. If you take out this insurance, you can expect a possible saving of CHF 500 - 2000 compared to other insurances.
Potential savings: from CHF 500 to 2,000