If you look closely, you can save on the car

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Owning a car is an important item in the household budget. In addition to housing, taxes and health insurance, the average car costs about 900 francs a month, according to Touring Club Schweiz (TCS). According to the “Car Cost Index 2021” of Leaseplan.com, one of the world’s leading rental providers, the cost of driving a car in Switzerland is about 1100 francs per month.

For example, if you budget for an Audi A3 Sportback S line TFSI with a new value of around CHF 56,000, you’ll find the following offers: The compact car is available from car subscription pioneer Carvolution for CHF 690 per month. There are even leasing rates on leasing platforms starting from 596 francs per month. But when insurance, taxes and services are added to premium leasing all in one, leasing increases to 884 francs per month.

• Car subscription: from CHF 690 per month
• All-in-one premium rental: CHF 884 per month

The pure rental rate is lower than the monthly vehicle subscription costs. But once everything about cars is added, you can save a lot with a car subscription. In this case, almost 7,000 francs in three years.

most important questions

In the light of these figures, it is useful to make a careful cost comparison for the vehicle. Effective total costs must be taken into account. Insurance, taxes, service and maintenance expenses in the case of rental, additional purchase costs and depreciation expenses in the case of purchase. Also, fuel and parking costs should be included. These are valid even if the vehicle was gifted.

When it comes to purchasing, the first and most important question to answer is: car subscription, rental or purchase? New car or used? And also very important: how long do you want to connect yourself to a particular tool or technology? Because personal needs are changing and technical developments are advancing rapidly.

The following still applies: Anyone who buys a car must hold it for six to eight years for the purchase to pay off and the high depreciation to spread over the years. If you want to remain flexible, you can therefore choose a shorter retention period of up to four years. This is possible with a rental or car subscription.

Difference between subscription and rental

It is important to note here that subscription and rental are fundamentally different: with a Carvolution vehicle subscription, all taxes, insurance, service, maintenance and tires, as well as tire replacement and storage expenses are included in the monthly flat rate. In classical financial leasing, this amount is collected from the lessee in addition to the monthly leasing fee. Only so-called full-service rentals or all-in-one offers include costs.

The difficulty when comparing prices is to choose the right configuration of the car everywhere. Even with the costs of full coverage insurance, the price range is so wide that comparisons are not easy. Service, maintenance and tire expenses are made according to TCS values. Motor vehicle taxes are calculated for the canton of Zurich. Rental information is calculated through online rental providers. The calculation of the amortization costs of the purchase is based on data from Eurotax.

milk book invoice for Audi A3 Sportback S line 35 TFSI Here is the outlook for the canton of Zurich with a petrol engine, automatic transmission and 36-month maturity and 10,000 kilometers per year:

Also, there are variable costs for fuel and parking. For the Audi A3, which travels 850 kilometers per month and consumes 5.7 liters/100 km of fuel, you need to calculate around 100 francs per month. When it comes to parking, costs vary widely, from free parking to a resident’s parking card to parking in a garage.

Cost benefit subscription

This shows that the Carvolution car subscription comes out on top when the overall costs are taken into account. Especially since all the costs are really included in the subscription. In addition, the mileage package can be adjusted monthly in Carvolution. This eliminates the risk of an expensive surcharge for additional kilometers at the end of the contract period.

The rental rate is calculated without the usual down payment to enable direct comparison. If this is done, the rate will be lower. Another difference is that the vehicle can be configured according to your own needs during the rental.

Carvolution, on the other hand, relies on very well-equipped cars with many assistance and safety systems. Customers benefit from price advantages as the vehicle subscription pioneer buys large volumes of vehicles, tires and insurance.

With its total cost calculator, the Bern initiative offers the opportunity to compare subscription, rental or purchase costs on a monthly or annual basis. Interested parties can also obtain a non-binding offer for their dream car from Carvolution. You can also do the price comparison yourself.

Solution

The purchase will serve you well if you have the appropriate liquid funds and are confident that you will use the car for many years. In addition to the high purchasing costs, it is important to take into account the required time from price negotiations to resale.

The price of the car subscription is convincing, as the car will only be used for about three years. At CHF 714 per month, an Audi A3 subscription is cheaper than renting and buying. Costs can be kept low as Carvolution focuses on specific models when assembling its fleet of vehicles and, as the largest provider, benefits from large volumes and lean digital processes.

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.