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Can you lease a car as a private individual?

70% of Belgians aged 18-29 wonder how to finance their car. And two out of three young people are unsure about whether they should buy, rent or car-share. This is one of the conclusions of a survey conducted by BNP Paribas Fortis and research bureau Profacts.

For company cars, leasing has become the norm. But this solution can also be used by individuals.

With leasing, you pay a fixed monthly price to use an asset, such as a car, without actually buying it. The big difference compared with a loan that you repay each month is that the asset remains the property of the leasing company. At the end of the contract, you must return the car in good condition. Often, you can then buy it back for a certain price (its "residual value").

All-inclusive

The monthly lease payment includes all costs: registration and vehicle taxes, insurance, maintenance, repairs, breakdown assistance and a replacement car. There are no surprises. And if you choose an electric car, the installation of a charging point is often included too.

So it’s perfectly possible for an individual to lease a car. But leasing is not yet very popular in Belgium. This could change if more Belgians received a mobility budget, i.e. a fixed amount that can be spent each month on a transport solution. This budget would allow you, for example, to lease a compact car and an electric bike, and choose the mode of transport that suits you every day. Find out everything you need to know about our Private Lease contracts and choose peace of mind.

Ask Your Bank

BNP Paribas Fortis wants to help you see things more clearly when it comes to managing your money. That's why we asked over 1,000 Belgians about any questions and concerns they had. With our Ask Your Bank series, we address those questions and concerns in a fully transparent way.