Young Driver
UK company in young driver deal
Wed, 16 Nov 2005
A Personal Contract Plan (PCP) scheme has been launched, targeting younger drivers who want to get behind the wheel of a new motor.
Young driver car insurance can often be costly, particularly if the vehicle up for insurance is brand new, but UK-based company, Marmalade, claims that a solution lies in combining a PCP with an insurance deal.
Marmalade can supply a new car, such as a Fiat Panda, Peugeot 107, Fiat Punto or Citroen C2, plus an insurance deal especially aimed at inexperienced drivers, askaprice.com reports.
A Fiat Panda, for example, can be paid for over a three year period by the young driver, with an initial payment of £569.50, 36 monthly payments of £105.20, as well as an optional final payment of £2,336.00 if the driver chooses to keep the car.
"Young drivers are being forced into older cars without the modern safety features such as ABS brakes, airbags and improved crash test ratings," a Marmalade representative said.
The company is also introducing a Young Marmalade Insurance scheme, which costs £9.99 a year, and includes basic comprehensive insurance premiums for the first 100 miles per month.
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