Front of a Ford Mustang bought with consumer credit.
21.11.2021

You're buying a vehicle. Leasing or credit? There’s no comparison.

In nine arguments, we explain the undeniable advantages of credit compared to leasing when you buy your vehicle. 

 

Let the fight begin!

Round 1: Owner vs. Owner.

Leasing allows you to own your vehicle. 

The credit allows you to do this too, but in addition, you are the full owner of it.

It's off to a bad start for leasing...

Round 2: Rate and deductibility.

Credit is recovering by offering low rates, lower than those applied to a personal loan.

Good credit resilience because, although interest rates are higher, interest is deductible from taxable income.

an even round.

Round 3: Down payment and liquidity.

A loan on credit does not require a down payment as provided for when leasing. So it's not in-contribution. This deposit can be up to 25% of the vehicle's purchase value. This is not good for your cash flow and the round is to the credit advantage. 

Round 4: Limitation vs. Freedom.

Leasing attempts to take over by providing a certain flexibility in the number of kilometres granted to the lessee. The shot misses the mark because the purchase of a car or motorcycle with a loan does not impose any limit on the annual kilometres travelled. This applies to whether it is a private vehicle, a company car or a commercial means of transport.

Round 5: Full casco vs. freedom of choice.

Leasing is in trouble. Stuck in a corner. Things don't get any better for him. With a loan, there is no obligation to take out comprehensive insurance. It is better to plan, but this demonstrates once again the freedom of choice that a private loan allows you to buy.

Round 6: Forced Garage vs. Your Decision.

The personal loan solution drives the point home and does not let go of its opponent. 

Not only is there no undue burden on the insurance side, but, as the full owner of your vehicle, you have the free choice of garage to carry out your maintenance and to choose the maintenance that seems most appropriate to your needs.

Leasing is faltering...

Round 7: Unauthorized sale vs. possible capital gain and freedom to change.

With a loan, sell your vehicle whenever you want. As a reminder, when you take out a lease and you are at the end of the contract, you are only the owner when the dealer has the leasing code lifted; or after you have paid your deposit, monthly payments, interest and residual value.

It's quite a blow and leasing is hanging by a thread.

Round 8: High Fees or Easy Refund?

Early repayment is possible with leasing, but the costs are high. None of that with a credit. The personal loan can easily be taken over on better terms or even repaid with minimal fees and effort. 

Leasing is on the table.

Round 9: The die is cast.

The countdown has begun. Freedom of choice, no down payment required, interest deductibility from your taxable income, no mileage limitation... and you are the full owner.

Leasing is K.O.

 

Milenia, your credit partner.

The tone of this article is light-hearted, but it is clear that the option of buying your car by credit, new or not, offers certain advantages.

As a responsible partner, we advise you to weigh the pros and cons so that your choice takes into account your reality and your means.

If you have any doubts, please contact us. You can already carry out a simulation on our financing platform and find out the amount, the monthly repayments offered, the rate applied and the term.

For sound advice, we will then contact you to discuss with you and study your financial situation in order to offer you the best conditions on the market with the partner bank best able to meet your needs.

Quality, clarity, simplicity and responsibility. These are Milenia's values. Let's get to know each other and make your projects a reality, together.

 

 

 



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Since the Covid pandemic, companies have multiplied remote working methods. The most widely used is telecommuting. Two years later, has this method been successful?

 

Let's take a step back

During the lockdown, the world of work experienced a real shift.

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The doctor's appointment, the receipt of the Zalando package, the visit of the plumber... What required us to take time off or organize ourselves differently simply fit into his work schedule, on site.

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The big winners? Zoom, Teams, Skype, Webex... It was a good time and the number of users exploded

 

Video conferencing platforms

In order to establish clear and effective communication channels, it is necessary to have instant messaging and video conferencing tools to maintain smooth communication between team members. This transition is being made by different players who bring specificities specific to each sector.

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Some companies will use the Zoom platform, which allows simple video conferences with a discussion thread, which is easy to use and not very connected to other services.

Others will use Microsoft Teams or Webex, which offer more integrated and secure business solutions.

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The main fear of some employers during this pandemic?

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The prevailing thought was that employees, less supervised than before, would work less given this new organizational freedom.

The endless breaks, the last-minute shopping, the Netflix binging...

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Profiles whose tasks were recurrent completed their work more quickly and, not needing to do more, to take advantage of the time available to go about their personal business.

Others worked even harder, especially early in the morning, late at night, or on weekends.

Where some managers suffered from a lack of supervision (monitoring?) of their teams; Some employees did not take well to the distance, the lack of clarity on the establishment of rules... All of them missed interpersonal relationships and this may have impacted the corporate culture and sense of well-being.

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Exactly. And today?

Companies are adapting to the demands of employees, especially young people entering the workforce.

They demand flexibility, adapted schedules and, yes, telecommuting.

In Switzerland, the job market is in favour of job applicants. Companies must therefore remain attractive and take these demands into account.

Companies are implementing hybrid work modes that allow the employee more time to work from home but require them to be present for a certain number of days in the office. Again, there is no single rule.

Some organizations simply refuse the principle of remote work.

Others impose a fixed day of attendance.

Some leave the choice to their teams.

One thing is for sure, remote work is here to stay, in one form or another.

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At work and at home, Milenia is always available

Accessing credit through our financing platform has never been easier.

Everything is within your reach, with customization according to your projects, we accompany you from start to finish so that your projects can see the light of day.

For your personal loan, we offer the best market conditions with 0 application fees. Everything is designed to make your life easier.

Your loan application can be done entirely remotely, with support from your personal advisor or both at the same time.

The flexibility, adaptability, personalization of your offer... All of this is embedded in our approach and services.

As the leading credit player in Switzerland, place your trust in us so that your personal dreams and projects come true.

 

 

 

 

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Loan illustration: loan of CHF 10'000. Effective annual interests rates between 4.9% and 11.95% over a 12 month period lead to total interests of between CHF 261.80 and CHF 624.80. Duration: 6-120 months; Maximum annual interest rate (including all loan handling costs) 11.95%. Loans approval are prohibited if they lead to excess debt for the consumer. (Art. 3 LCD)

 

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