New Drivers and Car Leasing

As a new driver who has only recently passed your test, you’re now looking forward to that next big, motoring milestone – getting a car of your own.

There was a time when a “first car” meant that beaten up old banger bought for a couple of grand from somebody’s dad’s mate.  Shiny new cars were simply far too pricey for young, newly qualified drivers.

But, thanks to the availability of great leasing deals for new drivers, that’s no longer the case.

As long as you’re 18, hold a full and valid UK driving licence and satisfy the necessary credit checks, it doesn’t matter if you’ve not been driving for very long – you can lease a new car.

Buying an older second hand car might seem like the most affordable option but purchasing a vehicle which has many miles on the clock might well prove costlier in the long run.

You could well run up large repair bills as things start to wear out, drop off and go wrong, and older cars aren’t as fuel efficient as newer models. Old vehicles are also more polluting than newer cars which by law must undergo much more stringent emissions testing.

Of course, making your first car a funky new Ford Fiesta or taking delivery of a Toyota Aygo (both fine choices of starter car) will probably impress your mates.

And, leasing a decent-looking, eco-friendly, fun-to-drive car that hasn’t had several previous owners, can also be good for your bank balance and the planet.

With monthly leasing contracts now available to young drivers for less than £200 a month, recently-qualified motorists can get a new hot hatch boasting the latest safety and security features, in-car entertainment and a great tech spec.

There are leasing options too if you’d prefer an electric or plug-in hybrid vehicle. These cars are the future, and as well as enhancing your green credentials, they can save you money on running costs.

EVs and PHEVs tend to be more expensive to lease than petrol and diesel cars but there are some great deals about that won’t break the bank.

Whatever car you choose, leasing gives you the reassurance of knowing exactly how much it’s going to cost you each month, which is great for keeping an eye on your outgoings. And as a young person who might one day need to borrow money for a mortgage, leasing is a useful way of building your credit score.

You can also plan ahead by taking out a service and maintenance contract which is added to your fixed monthly fee. As road tax is included as part of your leasing deal that’s another cost you won’t need to worry about – and all new vehicles come with a UK manufacturer’s warranty.

So, instead of using that lump sum you’ve saved up to buy a tired old motor from a friend of a friend, why not put it towards a leasing deal and get a first car that does you proud!