Car Leasing as a new driver

LondonChick

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

AdrianC

Ask a Meerkat for quotes. It's that simple.

takman

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! .

LondonChick

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!

khcomp

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?