How does leasing takeover work?

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MultiCredit explains everything to you, step by step.

Have you found a leased car that interests you and want to take over the contract from another private individual or professional?
Or are you currently the leaseholder looking for someone to take over your contract?

Lease takeover, also known as lease transfer, is a simple and common solution in Switzerland—provided you follow a few key steps. At MultiCredit, we help you understand how it works, what precautions to take, and how to optimize your financing.

🚗 What is a lease takeover?

A lease takeover involves assuming an ongoing lease contract entered into by someone else and continuing to pay the remaining monthly installments under the same (or nearly the same) conditions.

It’s a great way to:

• Get a recent vehicle without paying a high down payment
• Benefit from monthly payments often lower than a new lease
• Avoid waiting times for a brand-new car
• Help a leaseholder who can no longer afford the contract

📋 Who can take over a lease?

In principle, anyone residing in Switzerland, with sufficient creditworthiness and accepted by the leasing company, can take over a lease contract.
This may include:

• A private individual
• A self-employed person
• A company (under a professional contract)

At MultiCredit, we can assist you in preparing a strong application if you want to take over a contract and are unsure about acceptance by the leasing company.

🔁 Steps for a lease takeover in Switzerland

1. Find an offer to take over
   Many platforms list contracts available for takeover (online ads, dealerships, word of mouth).
   You should carefully review:

• The vehicle model
• The number of remaining monthly installments
• The allowed and already driven mileage
• The condition of the vehicle and any expected costs
• The residual value (if a buyout is planned at the end of the contract)

2. Submit an application to the leasing company
   The lessor (bank or leasing company) must approve the new leaseholder.
   This involves:

• A credit check (ZEK)
• Verification of your income and financial situation
• Signing an addendum to the existing contract (or a new identical contract)

3. Finalize the transfer
   Once accepted, you become fully responsible for the contract: monthly payments, vehicle maintenance, insurance, etc.
   The new leaseholder’s name is updated on the leasing documents.

At MultiCredit, we can support you at this stage by:

• Helping to negotiate final terms
• Buying out all or part of the contract if you prefer to become the owner
• Financing any additional costs (transfer fees, security deposit, etc.)

💡 Advantages of a lease takeover

• Lower monthly payments compared to a new lease
• Shorter remaining commitment (often between 12 and 36 months)
• Vehicles are often well-maintained and relatively new
• No large initial payment or down payment required
• Option to buy the vehicle at the end, if provided for in the contract

⚠️ What to check before signing

Before signing, pay close attention to:

• The actual condition of the vehicle (have it inspected by a professional)
• The remaining balance and total amount of monthly installments
• Possible transfer fees (vary by leasing company)
• The maximum allowed mileage and penalties if exceeded
• The contract end date and conditions for vehicle return or buyout

💬 MultiCredit can also help you finance the takeover

Found the perfect car but hesitant to take over the lease as is?
With MultiCredit, you have additional options:

• Buy out the lease balance via a private loan (you become the vehicle owner immediately)
• Debt consolidation if you already have a lease or loan
• Free and non-binding credit assessment to see if you will be accepted

✅ In summary

A lease takeover is a practical and cost-effective way to access a recent vehicle with often favorable monthly payments.
However, it requires careful contract review, good preparation of the application, and, if needed, personalized financial support.

At MultiCredit, we are here to help you:

• Understand every step
• Avoid pitfalls
• Obtain a tailored financing solution

📞 Contact us now for a free evaluation of your lease takeover project.
With MultiCredit, you always have an option.

An article by Munur Aslan, Director of MultiCredit

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