Newer cars, fewer repairs, smaller monthly installments: Read on to discover the benefits that leasing brings when buying a car.
By entering your car's model and price and the term, you can easily calculate your personal lease online using our leasing calculator.
If you're thinking of getting your dream car – whether new or second-hand – you'll no doubt soon be asking whether vehicle financing through a lease is right for you. After all, in addition to paying in cash or taking out a loan, leasing is just one of the possible options for buying a car.
The advantage of leasing is that you don't have to pay a large amount of money in one go. What's more, most leasing vehicles are also newer models that have either hardly been used or not used at all. As a result, these vehicles usually incur lower repair costs than older used vehicles. Another advantage is that you can accurately incorporate the monthly lease payments into your budget planning.
What formula is used to calculate your monthly lease payment in Switzerland?
The following parameters must be considered when calculating your monthly lease payment:
- The purchase price of the vehicle
- The effective annual interest rate of the lease
- The term of the lease
- The amount of the advance payment
Any other services included in your agreement also play a role (which payment protection insurance you select, for example). The lessor must also calculate the vehicle's loss in value in advance, and this depends, for example, on whether you buy a new or a used car. So there is no simple formula for all of these different parameters. First of all, you need to know the details of the lease agreement.
Calculating the lease for your dream car
Calculating the lease payment depends on the model of the car and the price range. You can calculate the final actual lease payment for your dream car once you've decided on a specific model of car, type of agreement, lease term, and other contractual terms and conditions. You can calculate an initial estimate of the amount of the lease payment using our leasing calculator, taking into account individual car brands.
Use our convenient BANK-now leasing calculator
Put your old school calculator aside and conveniently work out your lease payments with our leasing calculator. Our BANK-now leasing calculator takes into account all the relevant parameters necessary to calculate your payments. Keep in mind, however, that you cannot work out the actual lease payment you would have to pay until you have chosen your individual lease agreement.