Private Lease or buy a car?

Private Lease or buy a car?

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What are the pros and cons of Private Lease?

Is buying a car or personal car leasing better? That depends. Getting a personal contract hire car through our Private Lease service and buying a car each have benefits.

When you buy a car, it’s yours to do with what you will. However, it’s also a big investment with a lot of extra costs.

A leased car means carefreeness and freedom in the knowledge that you’re driving a brand-new car with virtually all costs included.

Buying a car or Private Lease: 9 pros and cons

Wondering whether to go for personal car leasing using our Private Lease service or buy a car? See the main differences at a glance.

Bought car

Leased car

Owning a car

  • Yours
  • Keep it as long as you like

Leasing a car long term

  • Owned by KBC Autolease
  • Return it at the end of your leasing contract

Full freedom of choice

  • Pick or configure it to fit your taste and needs
  • Price negotiable at dealer or with private seller
  • Compare prices and sellers

Limited freedom of choice

  • Pick a car from our range (new or second-hand)
  • Most options are set
  • Choose your own colour and gearbox

Costs up front

  • Usually pricey unless you get a car loan
  • Mandatory extra costs: vehicle registration tax, insurance and inspection (with a tow bar)

Almost all included

  • No deposit or down payment
  • Almost all standard costs included, including insurance and maintenance
  • Everything done for you except refuelling

All sorts of costs

  • Annual tax, maintenance, potential repairs, tyres, third-party liability insurance, assistance cover, etc. not included in purchase price
  • You choose who to go to for maintenance and repairs

Hardly any extra costs

  • Almost all costs included
  • Pay only for fuel and nominal charges for self-caused damage
  • Maintenance and repairs must be done at authorised dealerships

Handle all yourself

  • Have to sell it when tired of it
  • Costs time and money (inspection, photos, price negotiations, etc.) to sell

Handle nothing yourself

  • Nothing to do at the end of the contract
  • Return the car and you’re done

Depreciation

  • Get money when you sell it on
  • Drops quickly in value

No difference to your wallet

  • Lower second-hand market prices make no difference to your wallet

Unlimited mileage

  • Drive as far and as much as you want without mileage restrictions

Limited mileage

  • Contractually fixed mileage
  • Surcharge for exceeding limit

Damage: any repair service

  • Scratches and dents: not a problem, unless you want to sell the car on

Damage: required repair service

  • Scratches and dents need fixed fast
  • Return with normal wear and tear (Renta standards) at end of leasing contract
  • Insurance included so you only pay part of repair costs

Free personalisation

  • Freely adjustable to personal taste and needs
  • Personalise with other rims, stickers, (optical) tuning, etc.

Limited personalisation

  • Return in original condition at end of leasing contract

Owning a car or leasing one long term

Bought car:

  • Yours
  • Keep it as long as you like

Leased car:

  • Owned by KBC Autolease
  • Return it at the end of your leasing contract

Freedom of choice: full/limited

Bought car:

  • Pick or configure it to fit your taste and needs
  • Price negotiable at dealer or with private seller
  • Compare prices and sellers

Leased car:

  • Pick a car from our range (new or second-hand)
  • Most options are set
  • Choose your own colour and gearbox

Costs up front or almost all included

Bought car:

  • Usually pricey unless you get a car loan
  • Mandatory extra costs: vehicle registration tax, insurance and inspection (with a tow bar)

Leased car:

  • No deposit or down payment
  • Almost all standard costs included, including insurance and maintenance
  • Everything done for you except refuelling

All sorts of or hardly any extra costs

Bought car:

  • Annual tax, maintenance, potential repairs, tyres, third-party liability insurance, assistance cover, etc. not included in purchase price
  • You choose who to go to for maintenance and repairs

Leased car:

  • Almost all costs included
  • Pay only for fuel and nominal charges for self-caused damage
  • Maintenance and repairs must be done at authorised dealerships

Handle all or nothing yourself

Bought car:

  • Have to sell it when tired of it
  • Costs time and money (inspection, photos, price negotiations, etc.) to sell

Leased car:

  • Nothing to do at the end of the contract
  • Return the car and you’re done

Depreciation

Bought car:

  • Get money when you sell it on
  • Drops quickly in value

Leased car:

  • Lower second-hand market prices make no difference to your wallet

Mileage: unlimited/limited

Bought car:

  • Drive as far and as much as you want without mileage restrictions

Leased car:

  • Contractually fixed mileage
  • Surcharge for exceeding limit

Damage: any/required repair service

Bought car:

  • Scratches and dents need fixed fast

Leased car:

  • Return with normal wear and tear (Renta standards) at end of leasing contract
  • Insurance included so you only pay part of repair costs

Personalisation: free/limited

Bought car:

  • Freely adjustable to personal taste and needs
  • Personalise with other rims, stickers, (optical) tuning, etc.

Leased car:

  • Return in original condition at end of leasing contract