My 14yo son took the car and crashed it

I need some advice: my 14 year old son called me last night hysterical: he took my husband’s car and was in a car accident. Luckily he’s ok, and the other person is ok. Cops were called and both cars will need to be repaired. He’s a good kid, but we’ve def let him get away with more as he’s our youngest. We’ve been very lucky up till now and never had to deal with anything like this with our kids. That being said, I really want to get this right and make sure lessons are learned. Suggestions on consequences?