We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Car lease including insurance for 18 year old

Options
pstuart
pstuart Posts: 668 Forumite
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?

Comments

  • Hammyman
    Hammyman Posts: 9,913 Forumite
    You're right about the insurance. DD is 21 and paying £1200 for a small Corsa.
  • neilmcl
    neilmcl Posts: 19,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I'm not sure an 18 year old can lease a car, can they?
  • Dave101t
    Dave101t Posts: 4,157 Forumite
    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
  • motorguy
    motorguy Posts: 22,611 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    pstuart wrote: »
    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?

    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/latest-offers/just-add-fuel/
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.