Car on finance & insurance as one package?

Em Xx

Em Xx

Em Xx

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Joined
12 Sep 2010
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153
Location
Melton Mowbray
My instructor thinks I'll be ready for my test at Chritmas time :o

A couple of people have mentioned that you can buy a car on finance and have your insurance covered as part of the package, does anyone know if this is true as I can't find anything on Google? If anyone has heard of it, what does it involve? I'm 22 and I've done a few insurance quotes:

1.4 Puma will cost me £1400
1.2 Corsa will cost me £1000
 
Peugeot are doing something with their PCP deal including insurance, tax, servicing and perhaps even tyres in their monthly cost over 3 years. That is the only thing I've really heard of like it.
 
Em Xx said:
My instructor thinks I'll be ready for my test at Chritmas time :o

A couple of people have mentioned that you can buy a car on finance and have your insurance covered as part of the package, does anyone know if this is true as I can't find anything on Google? If anyone has heard of it, what does it involve? I'm 22 and I've done a few insurance quotes:

1.4 Puma will cost me £1400
1.2 Corsa will cost me £1000
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not sure about the deal but please have the Puma :)
 
You can buy a car on PCP - personal contract purchase, which usually includes your first years road tax, and pays for any maintenance on the car.

All you have to buy is fuel and insurance.

Catch however is that the car is never really yours. Your not buying it, your renting it, hence why the finance company pay to have it serviced.

You wouldnt normally get insurnace included with a PCP, unless you buy it new from dealer and they have a special offer that gives you 1 years free insurance.

This is not the norm however and your unlikely to find it on financed 2nd hand cars.
 
MikeHiow said:
Peugeot are doing something with their PCP deal including insurance, tax, servicing and perhaps even tyres in their monthly cost over 3 years. That is the only thing I've really heard of like it.
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Probably the "Just add Fuel" offer that the Peugeot garage near work are advertising. No idea if the figures are reasonable though.

There are a number of conditions on the insurance however:

* Drivers over 25 (Over 21 for 107 Millesim, over 30 for 308 CC 156bhp models) and under 75.
* A maximum of 2 minor convictions in the last 5 years (CU, MW, PC, PL, SP, TS codes only).
* A maximum of 1 fault or theft claim per driver in the past 3 years.
* All drivers must have a full UK/EU licence for a minimum of 1 year.
 
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ColourPurple said:
Probably the "Just add Fuel" offer that the Peugeot garage near work are advertising. No idea if the figures are reasonable though.

There are a number of conditions on the insurance however:

* Drivers over 25 (Over 21 for 107 Millesim, over 30 for 308 CC 156bhp models) and under 75.
* A maximum of 2 minor convictions in the last 5 years (CU, MW, PC, PL, SP, TS codes only).
* A maximum of 1 fault or theft claim per driver in the past 3 years.
* All drivers must have a full UK/EU licence for a minimum of 1 year.
Click to expand...

which sadly means it will be of no use to the OP since she is only 22.

to the OP i just dont think you can find a way around paying the £1400 + for insurance.

Your only hope is to do what others day and pay your insurance monthly.
 
Try a Yaris - this was the only thing my other half could insure reasonably when she passed her test, and its the only car I've ever managed to get a <£200 quote on, at £150 (nearly two years ago, so 22 and 1 or 2 NCD) :D
 
These deals are a con. Well, not a con, but you should understand how they work.

There is margin on a new car sale - profit for the dealer/manufacturer. Sometimes, to drive sales, the manufacturer/dealer will use some of this to offer insurance included in the price. It makes it look very attractive.

In reality, though, it means paying list price or close to list price. Had they not been doing a free insurance offer you'd have haggled more than the cost of the insurance off the price of the car anyway.

Plus you end up with a totally crud car.

Buy a tidy Puma, and enjoy it.
 
MikeHiow said:
Try a Yaris - this was the only thing my other half could insure reasonably when she passed her test, and its the only car I've ever managed to get a <£200 quote on, at £150 (nearly two years ago, so 22 and 1 or 2 NCD) :D
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Thanks, but I might as well get the Puma! :O



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Edit
 
Rotty said:
just had a look at that, they include 1 years insurance which you pay back over 5 years with interest :eek:

or at least it looks that way
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I noticed that too! What an absolute rip off. My Dad came over today, he recons I should save up and buy a Peugeot 106 (2001) for £1.5K ish. I did the insurance quote and still might as well get the Puma! :P
 
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