Your car loan with LEND

It is finally the time to buy that dream car? Or do you want to replace your old car and pay in instalments? Change from a sports car to a station wagon?

Now the question is: What is the best way to finance your next car? A car loan or leasing?

Be free in your choices with an automobile loan.

You chose your new car and now need to decide how to best finance the purchase. Certainly for a new car you thought about a leasing. You should compare leasing with an auto loan. You may not only be able to negotiate better terms and conditions but you actually take ownership of the car and are independent from the car dealer, manufacturer or importer.

Benefits of an auto loan

New car, used car, “Jahreswagen” or a collector’s item – with a car loan, you are free to decide what kind of vehicle you want to finance. The loan is not tied to the brand or model you choose. And that means you are independent! Of course, this also applies if you decide to buy a motorbike or a camper van.

When you finance your car with a loan you become the owner and it is really yours. This means you decide when you want to sell it, how many kilometres you drive per year and what insurance you purchase. There are no obligations as you would have in a leasing contract. This gives you one hundred percent flexibility. Even if you spontaneously have to swap the convertible for a family car.

CHF 10’000
12 Months
Insurance (What is it?)
Interestfrom 4.50%to 10.95%

Monthly Rate881904

The effective interest rate is between 4.50% and 10.95% and is dependent on your credit score and selected loan term. The repayment period is a minimum of 12 months and a maximum of 84 months. For a loan of CHF 10’000 and 12 months the interest cost and fees range between CHF 175.82 and CHF 439.17. The total sum is thus between CHF 10’175.82 and CHF 10’439.17. The grant of a loan is prohibited if it leads to the over-indebtedness of the consumer (Art. 3 UWG).

The best way to buy a car is with cash upfront. If that is not an option, a car loan is certainly the cheaper and more flexible solution than leasing.
Car financed with a loan.
Low rates from4.5%

Finally, financing your purchase with a personal loan is often possible at better terms than the leasing package consisting of down payment, monthly payments and residual payment. What looks attractive at first may turn out to be a rather costly exercise: for example the requirement for a fully comprehensive insurance or the fees you are required to pay if you wish to repay the leasing early. In a nutshell, the effective costs of leasing can be significantly higher than the price tag would indicate. This is where you will want to take a close look and save money.

And then there are tax benefits

Did you know that with an auto loan you actually have a tax advantage? Loan interest, be it for your car, house or apartment are tax deductible and reduce your taxable income. This is a clear advantage compared to leasing payments which are not deductible. And who does not like to save taxes?

"Particularly with a limited budget a leasing contract can turn out to be a “ticking time bomb”. In any event you will be better off getting a personal loan to buy that used car."

Debt counsellor Roncoroni on SRF

Finance your car with LEND

You would like to finance your next car with an affordable loan? Good choice! LEND offers you great terms and conditions - regardless of whether you decide to buy a classic car, a family station wagon, an electric car or a used car. You are absolutely free to decide what you use your loan for. We do not ask you specifics about the purpose of your loan and how you actually spend the money. It is also up to you to choose the duration of your loan.

Unlike a car loan from a conventional bank, with us investors fund your loan request directly. This allows us to offer you favourable interest rates - with full transparency and at fair conditions. Without leasing and without a bank.

Apply for your car loan online and we will promptly create a tailored loan offer for you. We are also happy to support you during the application and advise you on financing options with LEND.

Statistic: Main reasons for borrowing money in Swiss households.

Low interest car loans – making finance fair for you!