Creditworthiness of private customers

AMAG Leasing AG is required to assess the customer’s creditworthiness. A vehicle may only be leased if the customer will not become over-indebted as a result of entering into the lease agreement. A lessee is considered over-indebted if they fall below the minimum subsistence level defined under debt enforcement law and are therefore no longer able to meet their existing financial obligations.

AMAG Leasing AG assesses whether your leasing request can be approved based on the monthly instalment, taking into account potential risks of payment default. For this purpose, AMAG Leasing AG carries out a provisional partial credit assessment via the ZEK (Central Office for Credit Information).

Personal customer details

AMAG Leasing AG requires all customer details to be provided in full when reviewing an application. If the information provided is incomplete, approval cannot be granted. All data, particularly the sensitive additional information provided by private individuals, is subject to data protection regulations and must not be disclosed to third parties.

Consumer Credit Act 2 (CCA2)

The revised Consumer Credit Act (CCA2) came into force on 1 January 2003. Under the CCA2, leasing for consumer goods is clearly defined as a form of consumer credit agreement. The legislation pursues two main objectives:

  • Greater protection for consumers
  • Ensuring a consistent legal framework throughout Switzerland for the granting of consumer credit

However, a leasing agreement only falls within the scope of the CCA2 if the following conditions are met:

  • The leased item is intended for private use
  • The credit amount is between CHF 500 and CHF 80,000
  • In the event of early termination of the contract, the agreement provides for a retrospective increase in the leasing instalments (with the corresponding additional costs)

Note on reduced affordability

Taking out consumer credit can lead to financial difficulties if the borrower’s income and expenditure situation changes unfavourably after taking on the credit. Unexpected events such as divorce, separation, loss of employment, illness or disability may affect the borrower’s ability to meet their financial obligations.

Find out more: Swiss Leasing Association

This Act regulates measures to combat money laundering, prevent the financing of terrorism and ensure due diligence in financial transactions. Among other requirements, the Act requires the identity of the lessee to be verified and the person who is the beneficial owner of the assets provided to be identified. In the case of legal entities and partnerships, all individuals who exercise control over the entity must also be identified.

Identification of the lessee

Before entering into a business relationship, the lessee must be identified. For private individuals, identification is carried out using an official identity document that includes a photograph. Legal entities, as well as sole proprietorships and commercial partnerships registered in the Commercial Register, are identified using a current extract from the Commercial Register.

Online identification

Your data will only be shared with our respective partner. This partner requests the verification or confirmation of your identity or age. Where we use the services of third parties to verify your identity or age, or to create and store a user profile, this is carried out as data processing on our behalf in accordance with the applicable legal requirements.

Forms K and wB

Form K is only required for legal entities and partnerships. It is used to identify the so-called controlling parties. Controlling parties are all natural persons who exercise control over a legal entity or partnership. Before a leasing agreement is concluded, it must be established who is the beneficial owner of the assets provided. As a rule, the lessee is the beneficial owner. In certain cases, a written declaration of the beneficial owner must also be obtained.

Forms:

AMAG Leasing’s commitment to keeping your data confidential: When you visit the AMAG Leasing AG website at www.amag-leasing.ch, information about access to the site (such as the date, time and page visited) may be stored on the server. This does not involve the analysis or evaluation of personal data (such as your name, address or email address). Personal data is only collected if you provide it to us voluntarily. Such data is used exclusively in accordance with Swiss data protection regulations and for the stated purpose for which it was provided.

Your data will not be passed on to unauthorised third parties without your express consent. We expressly point out that the transmission of data over the internet (e.g. by email) may involve security risks. Complete protection of your data against access by third parties cannot be guaranteed. We cannot accept liability for any damage resulting from such security vulnerabilities. We expressly object to the use of published contact details by third parties for advertising purposes. We reserve the right to take legal action in the event of unsolicited advertising communications, such as spam emails.

Legal notice

AMAG Leasing AG is a member of the Swiss Leasing Association. Accordingly, this page provides the following relevant legal information regarding leasing.

  • The granting of credit is prohibited if it leads to over-indebtedness on the part of the consumer.
  • The leasing rates calculated on these websites are based on generic standard assumptions and do not constitute a binding offer. The actual leasing rate may vary. Subject to change.
  • When calculating leasing rates, the list price corresponds to the cash purchase price.
  • All prices include VAT (subject to changes in prices, interest rates or tax rates).
  • Compulsory fully comprehensive insurance is not included in the leasing rate.

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