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Car lease including insurance for 18 year old

pstuart
pstuart Posts: 668 Forumite
in Motoring
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: 22,623 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/
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