Any - Leasing for a 21 year old

Honest John Back Room » Motoring discussion
What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks
View Threaded
Fri 30 Oct 2015 17:04
Any - Leasing for a 21 year old - cdbr

Partners 21 year old son want a lease car for 2 years, any suggestions on suitable companies to approach (price is imperative) and any pitfalls for this category to look out for?

Many thanks

Reply | Report as offensive | Link
Fri 30 Oct 2015 17:15
Any - Leasing for a 21 year old - Falkirk Bairn

Has the boy been driving long, got some NCB etc etc?

A few people I know have gone on to "give their son/daughter "a good start in motoring" only for it to come crashing around them - literally. It might be better if this is a 1st car to buy something cheapish and let them learn what driving life is about.

Unless the boy has a rock solid employment history they will be forced to pay very high rates of interest OR the leasing company might want a guarantor as well.

The neighbour opposite has just signed on the bottom line for his step grandson - the company wanted a "house owner" to sign not the parents who are tenants. (I know this as I had to witness my neighbour signing the forms.)

Reply | Report as offensive | Link
Fri 30 Oct 2015 19:40
Any - Leasing for a 21 year old - TedCrilly

I suggest before anything an insurance quote is obtained and the fact its a lease car is highlighted. I would be very surprised if the monthly insurance cost is less than the lease cost.

Reply | Report as offensive | Link
Fri 30 Oct 2015 20:03
Any - Leasing for a 21 year old - cdbr

Thanks useful tips, he has no NCB or experience and is rather headstrong (worringley).

Agree with the cheap car route, his insurance quote is coming in at £980 p.a which doeant seem too bad.

Reply | Report as offensive | Link
Fri 30 Oct 2015 20:11
Any - Leasing for a 21 year old - Wackyracer

It may be better to look at one of the 'just add fuel' schemes.

One of my employers had a Toyota MR2 on a similar scheme for his son years ago and it worked out cheaper than if they'd bought the car and tried to insure it themselves.

Reply | Report as offensive | Link