In 2017, 1.5 billion euros was borrowed for a car. That is 15 percent more than in 2016. The number of lease contracts also increased. From 36,000 (2016) to 100,000 (2017). You can arrange the financing by borrowing, leasing or paying yourself. What is the best thing to do now? According to Pricewise, who investigated which factors are important, it depends on your age and the number of damage-free years.

Lower your loans

Damage free years

If you have not yet built up damage-free years, the car insurance is considerably more expensive than if you have five damage-free years in your name. For the 18 to 30-year-olds group a lease contract is often cheaper than buying a car by means of a loan. That can save several hundred euros. Private leasing may seem cheaper for young people, but according to Hans de Kok, director of Pricewise, it is wise to look critically at such a contract. ‘You have to pay attention to the type of lease contract you take. Often you are stuck with the contract for at least four years. This is an enormous obligation for the future. If you can go to work by bike in the future, you are expensive. In addition, you often do not build up claims-free years with such a contract. ‘


Over-40s (with five claim-free years) are the cheapest when they pay for the car themselves. A few tens more you pay for private leasing, but a few hundred euros more for a loan.