Porsche Leasing, a company part of the Porsche financial group, is to launch leasing in Swiss francs onto the car funding market. Another member of the group, Porsche Bank, launched credits in Swiss francs as long ago as 2005. In fact, Porsche Bank is the only bank on the market specialising in car funding. The main advantage of funding in Swiss francs is the low interest rate, although it entails a higher exchange rate risk. "This financial product is designed to offer clients with the most economical funding available for a vehicle, i.e. the lowest possible monthly instalment," says Kurt Leitner, CEO of Financial Group Porsche. Leasing in Swiss francs is available both for individual clients and for companies. Leasing contracts can extend over a period of one to six years, with the level of down payment ranging from 15% to 50%. Payments under contract are made in RON, with the sum being calculated based on the euro/franc exchange rate on the day of the transaction.
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