We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
🔔 You've got till Monday to apply to become an MSE Forum Ambassador
Car Leasing as a new driver

LondonChick
Posts: 4 Newbie
in Motoring
Hi everyone!
I am relatively new on the roads and have been driving a nice second hand runaround for a couple of months now.
I thought it best to go for this option over any attempt to lease a new car which might not be looked too kindly upon by insurance companies!
However I am wondering if anyone has any experience or info of going for a lease deal 12-18 months further down the line at all? I have been told that I might still get frowned at by insurance companies for not being on the road long enough. I am not desperate for a new car now, but it would be nice to consider the option in 1-2 years, but worried I am going to be expected to have been on the roads for a minimum of 3 years.
My current insurance deal was pretty good - the car I have has surprisingly low mileage for a 12yr old car, and I am *gulp* 37. So I am under no illusions about having to 'pay the price' with a lease.
I have been some online research but not coming up with much in regards to this!
Any info would be greatly appreciated! :money:
LC
I am relatively new on the roads and have been driving a nice second hand runaround for a couple of months now.
I thought it best to go for this option over any attempt to lease a new car which might not be looked too kindly upon by insurance companies!
However I am wondering if anyone has any experience or info of going for a lease deal 12-18 months further down the line at all? I have been told that I might still get frowned at by insurance companies for not being on the road long enough. I am not desperate for a new car now, but it would be nice to consider the option in 1-2 years, but worried I am going to be expected to have been on the roads for a minimum of 3 years.
My current insurance deal was pretty good - the car I have has surprisingly low mileage for a 12yr old car, and I am *gulp* 37. So I am under no illusions about having to 'pay the price' with a lease.
I have been some online research but not coming up with much in regards to this!
Any info would be greatly appreciated! :money:
LC
0
Comments
-
Ask a Meerkat for quotes. It's that simple.0
-
If anything in my experience insurance is cheaper for newer cars regardless of how many years you have been driving. I know a few people who have had brand new cars from when they passed their test and their insurance has always been lower than an equivalent older car.
But considering this is a money saving site getting a new car is a bad idea. You just end up paying thousands of pounds of depreciation in the first few years, which is just like throwing money down the drain! .0 -
Oh I don't think I would ever buy a new car outright. I think leasing is becoming more the norm and if I wanted to buy it outright then I eventually might be able to. Interesting about the insurance being lower on new cars though! I always assumed my lack of experience would count against me!0
-
Insurance isn't cheaper for 'older' or lower value cars - the only thing you can do is get quotes.
At 37, but as a new driver, you may find that prices vary wildly & insurance group will have very little influence on your premium. After passing her test as a 17 year old, my daughter had a quote for £2,000 for a 1.6 Mini, £3,000 for a 1.2 Clio, and ended up buying a 2.0 VW Beetle which cost less than £900 fully comp.
As an aside, if you're happy with your existing cheap runaround, then why change?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.8K Banking & Borrowing
- 252.3K Reduce Debt & Boost Income
- 452.6K Spending & Discounts
- 241.6K Work, Benefits & Business
- 618.2K Mortgages, Homes & Bills
- 175.9K Life & Family
- 254.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards