Hi All,
Need advice from fellow Swiss Redditors.
Situation: I leased a personal car from one of the large car dealers in Feb 2024 for 48 months – my payments are around 280CHF per month which is fine for me. (42 months left on lease contract)
But now my employer is offering me a company car and I am thinking what the best option for me is to get rid of my personal car:
-
Cancel the lease contract early which I think is going to cost me a lot (6K CHF).
-
Buy the car outright for current value 18K CHF and then sell it myself hoping to get decent price.
Can someone advise if there are any other option based on their experience?
On my registration paper it says- CHANGE OF VEHICLE HOLDER PROHIBITED – does that mean I cannot buy the car outright?
Thank you for your guidance!
https://www.reddit.com/gallery/1exqi4u
Posted by Admirable_Stick_8931
2 Comments
I’m not 100% sure, but I think that prohibition is there for most of rental and leased cars. As soon as you pay off the lease, you are allowed to sell it.
As u/razhun already stated, once the leasing is over the lease agency notifies whomever they need to and the car can be sold normally since it’s now yours (usually you get a letter confirming this). If you want to end it sooner you can also chose to pay a part of the monthly rates in advance, or to pay it fully now.
Another option to consider is transferring the lease to someone else. It allows you to “sell” you lease contract and all obligations that go along with it. It’s not specific to Switzerland but this website describes most parts of it [https://www.carvolution.com/en/magazine/taking-over-a-lease](https://www.carvolution.com/en/magazine/taking-over-a-lease)