This is the cheapest way to buy your own car

Five years ago, the road to your own car was completed with a new option: an alternative to buying or renting a car subscription was created. Your own temporary car at a fixed price. A vehicle subscription is fundamentally different from a rental or purchase because all costs are included in the subscription in the monthly flat rate.

Carvolution co-founder Léa Miggiano says this still needs to be disclosed, although it’s steadily gaining market share and four out of ten cars will be subscription-based by 2030, according to car expert Ferdinand Dudenhöffer of the CAR Institute. How it works with their own cars with a subscription is not yet clear to many interested parties. Subscription is often confused with rental, car sharing or leasing. That’s why three different routes to your own car are listed here. However, only concepts for which the vehicle is always available are considered. Car sharing or rental is non-negotiable.

If you are using a subscription car, you can use it as you wish for the agreed period of time, just like your own car. -also evolution a may at the time of subscription Also allow friends and family members to drive. The vehicle is always available, in order of driving performance. The mileage package can be adjusted monthly. So, for example, a longer trip for vacation does not burden the mileage quota.

Those who are happy to not have to worry about insurance, new tires or reimbursement of the car will find the subscription a viable option. All inclusive solution. on a monthly basis fixed price Includes taxes, amortization, insurance, service, maintenance, tires and tire replacement and storage expenses. Only fuel, charging current and highway sketch costs are additional.

evolution It started in 2018 as the first provider with a vehicle subscription and offers terms from 3 to 48 months. The mileage package starts at 850 kilometers per month and can be adjusted monthly via the app. No prepayment required, only a one-time starting fee of 390 francs is charged to new customers. In addition, the vehicle is registered to the customer, which makes it possible, for example, to obtain an on-board parking card.

Customers can: evolution currently choose from about 50 models from different brands. Some competitors limit the offer to cars from certain manufacturers, while others offer different brands, categories and driving technologies to choose from. Some are new cars, some are young used cars. evolution They have new or like new cars for sale.

Interested customers can visit the website evolution The most important information, all available vehicles and the opportunity to order a non-binding offer or simply get advice on car subscriptions. In addition, the sales team gives advice in live chat. telephone By phone on 062 531 25 25 or by email at [email protected].

Advantage subscription:
+ NO high purchasing costs
+ monthly fixed price
+ Everything including fuel, charging current, excluding skit
+ Flexible Period, flexible mileage
+ Driver’s insurance, taxes, service, etc. no need to worry about
+ NO financial risk for resale. Subscription tool goes back offering

Disadvantage subscription:
– This The car remains owned by the subscription company
– NO Configuration according to your wishes
– Je later The seller is the car that is not dependent on the driver used

When you lease, you make a contract to use a car for a certain period of time. As a rule, rental contracts last between 24 and 48 months and it is expensive to exit the contract early. Usually a down payment is required, which has a strong influence on the amount of the rental rate. It is a common misconception that a lease is a kind of down payment for the later purchase of the car. However, the car remains the property of the rental company. At maturity, it can be purchased at a depreciable residual value or at market value, depending on the agreement.

If the agreed mileage is exceeded during the entire rental period, Generally Additional payments for additional kilometers. In addition to the monthly rental fee in normal rental, insurance, tax, maintenance, tires, etc. Expenses belong to the driver. This tour club Switzerland (TCS) uses the “rental rate triple” rule to calculate the total cost of a rented car.

The advantage of leasing is the choice of vehicle. Because almost any vehicle can be rented and configured specifically according to your wishes. But this freedom comes at a price: The overall cost is higher than a car subscription. evolutionlike the comparison to compare (see also the calculation example below).

also full service rental everything is included in the price like a car subscription including. This is mostly offered to corporate customers. mini rental again, it has nothing to do with leasing, it is the name given to the subscription model by the car rental company Hertz.

Advantage rental
+ Configuration of the car of your choice
+ monthly Payment reduces financial needs to buy

disadvantage rental
– Taxes, insurance, service, etc. at the expense of the tenant’s
– fixes Miles package during the rental period

If you’re buying your own car, you need one thing above all else: liquid money. Because to have fun while driving, you need to have the whole amount ready or take a loan and pay the purchase price at a financial institution. Also, car owners have to take care of everything themselves and pay anything that needs to be added to the purchase price. You can do whatever you want with the car and configure it as you wish.

With a holding period of six years or more, the total cost of your own car is compared to a subscription or rental. mostly cheaper. Important to consider: A car’s depreciation in the first year is about a quarter of its list price. Three years later, the value of the car is still around 50 percent. If you don’t want to worry about residual value or resale and don’t want to take any financial risks, you’ll find a subscription. evolution an attractively priced alternative. Considering technological advances, the risk of missing out on important innovations increases with a long retention time.

advantageous purchase
+ free Model and equipment selection
+ The car you have
+ WHO keeps the car for a long time (usually at least. 6 years), drivers cheaper

buy at disadvantage
– Higher Financial needs for purchase
– All costs for taxes, Insurance, maintenance, service, tires at the expense of Owner
– until resale buyer

Calculation example subscription and rental

This example calculation shows how a Carvolution car subscription compares to a rental. Based on the Peugeot 3008 GT Pack with 36 months duration and 66,600 kilometers (1850 km/month). List price including special equipment is 57,430 CHF. Discount on list price: 8%. The leasing down payment is 6,000 francs, and the leasing interest is expected to be 3.9% today.

Source: Blick

Ella

I’m Ella Sammie, author specializing in the Technology sector. I have been writing for 24 Instatnt News since 2020, and am passionate about staying up to date with the latest developments in this ever-changing industry.