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Car lease including insurance for 18 year old
10-08-2010, 5:07 PM
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MoneySaving Stalwart 
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Car lease including insurance for 18 year old
My 18 year old grandson tells me that he is about to lease a car which includes tax, insurance etc. for about £200 per month over a three year period.
I would have thought that the insurance alone would have cost about that.
No further details given and no paperwork seen.
Anyone (apart from cyclonebri) heard of these schemes?
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10-08-2010, 5:37 PM
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PPR
Fantastically Fervent MoneySaving Super Fan 
Join Date: May 2010
Posts: 9,705
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You're right about the insurance. DD is 21 and paying £1200 for a small Corsa.
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10-08-2010, 5:47 PM
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Fantastically Fervent MoneySaving Super Fan
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I'm not sure an 18 year old can lease a car, can they?
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10-08-2010, 5:49 PM
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Fantastically Fervent MoneySaving Super Fan
Join Date: Jan 2009
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long term leases are alomost like HP in value/cost, long term lease would be in that region
Target Savings by end 2009: 20,000
current savings: 20,500 (target hit yippee!)
Debts: 8000 (student loan so doesnt count)
new target savings by Feb 2010: 30,000
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10-08-2010, 5:53 PM
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Fantastically Fervent MoneySaving Super Fan
Join Date: Dec 2004
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Quote:
Originally Posted by pstuart
My 18 year old grandson tells me that he is about to lease a car which includes tax, insurance etc. for about £200 per month over a three year period.
I would have thought that the insurance alone would have cost about that.
No further details given and no paperwork seen.
Anyone (apart from cyclonebri) heard of these schemes?
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The nearest i can see to this is £207 for a new Peugeot 207 including servicing, insurance, etc, but its for over 21'st only?
http://www.peugeot.co.uk/showroom/la...just-add-fuel/
Regards
Paul
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