Unfortunately there'll be no Brussels Motor Show this year, but that won't stop most car manufacturers from offering us some very attractive motor show special offers. Still, we mustn't be misled by the price we see at a dealership or in a brochure. While it's true that paying that amount will make you the official owner of the car, the payments won't stop there. The costs of the car's maintenance, tyre wear, insurance, taxes and so on will accumulate over the years. All these factors are closely linked to the car's use.
On top of that, you also have to consider the car's value loss. The value of your purchase will plummet, particularly during the first year. If you decide to sell the car after a few years, you'll only get a fraction of what you paid for it yourself. Of course, the loss of value also depends on the model – a car with an outdated engine won't be worth much after a few years. And still we rarely think of the potential value loss when we buy a car.
You don't have to worry about any of this if you opt for private leasing. The lease price also includes the operating costs and takes the value loss into account. Leasing evens out the car's additional costs. Each contract is based on the kilometres the driver expects to cover each year. And it's not a problem if you end up driving more or fewer kilometres, either, as the contracts are reviewed after one year in a simple process to settle the difference and adjust the expected cost of ownership for the following year.