Buying your first car on finance - why finance has made it easier for young drivers to buy nicer, newer vehicles!

Buying your first car on finance - why finance has made it easier for young drivers to buy nicer, newer vehicles!

When it comes to buying your first car, you often find that young drivers look for cheaper, older, second-hand cars.  This is because the overall cost of the vehicle will inevitably be cheaper, however it’s not always cheaper in the long run. We have listed below the main reasons why we think buying your first car on finance will be more beneficial to you as a young driver!

1 - Choose from a range of Newer, Technology-Packed Vehicles

Buying your first car on finance allows you to look for a newer car with all the technology you are going to need in your first few years of driving! It splits up the total cost of the vehicle into smaller monthly payments, meaning that even if the price tag is slightly steeper than you imagined it won’t make too much of an impact on the bank! Think how handy it would be to have a reversing camera for any tricky parking spaces or even heated seats for those cold winter mornings!

2 - It could work out cheaper than most things you already pay for!

With prices starting from as little as £21 a week, buying your first car can cost the same, if not less, than most things you pay for on a regular basis. Like a pair of designer trainers (£100+); a new iPhone contract (£60 a month); a night out in Manchester (£70+); a monthly bus pass (£80) and a meal for 2 (£80+). Save your spends and you could cover the cost of your new car in no time! 

3 - You can change your car more often, when you feel like upgrading.

Financing a car opens the option for change without the hassle of selling! If you finance your car on PCP you can choose to give your vehicle back at the end of the agreement or you can opt for a part exchange. This means that you can sell the car back to us as part of your new agreement when you are ready to upgrade, and we will settle off any outstanding finance for you.

4 - You could be driving around in one of the more ‘luxury’ car brands.

Audis, Mercedes & BMWs are known to be more luxurious than most brands with models perfect for new drivers. Buying your first car on finance could open the door to your new luxury lifestyle sooner than you may have expected. Cruising to college in your new Audi A1 or Mercedes A Class will definitely have your friends heads turning! Not only are these brands more visually appealing, but they are also highly reliable when it comes to wear and tear. 

5 - You can even reduce any other costs by adding a Service & Warranty package to your finance agreement!

As we all know, cars need looking after too. Starting with servicing! Every year your car will need to undergo a thorough service & MOT to ensure your car is road legal and safe for you to drive. This can cost anywhere between £150 - £400 depending on what service is due and costs quoted by the garage. Not to mention if your vehicle needs any maintenance work or wear and tear items, such as brakes or tyres, which can prove a big cost to go out in one month alone! Therefore, financing is a great option for you to add on a Service & Warranty Package. It covers you for all your services & MOTs for the duration of your plan including Breakdown Assistance. We have a variety of options available to suit you such as our Care Plan Plus, Tyre and Alloy Maintenance Plan and Cosmetic Maintenance Plan.

Now you know all about financing your first car it’s time to choose a model to suit you. We have listed below a few of our previously mentioned Favourite first cars, highly popular amongst new drivers!

1) The Audi A1

The A1 is the entry-level Audi. It is smaller than Mercedes-Benz and BMWs entry-level cars.

Just because the Audi A1 is smaller, does not mean the car offers any less in terms of quality, as it very much keeps the typical characteristics Audi have to offer such as a quality feel and a premium image. It is merely a small Audi, and therefore still offers a sought-after overall driving experience. Interior quality is excellent and with plenty of trim levels and engine options, a used Audi A1 is a great example of a premium first car.

You can view our range of Audi A1s on our website now by clicking here.

2) The Mercedes-Benz A Class

In 2013 Mercedes-Benz saw a huge opportunity to create an entry-level hatchback, triggering the rebirth of the A-Class. The ‘Baby Benz’ introduces the brand to a new type of buyer, and a more affordable Mercedes-Benz is good for business. Its introduction was good news for the younger motorist searching for a luxury ride. The A-Class features typical Mercedes-Benz quality, a premium luxury image and of course the all-important Mercedes-Benz badge. Used examples make an ideal premium first car for the young driver and come in a variety of trim levels.

Pick the A Class that you’ve been dreaming of on our website now by clicking here.

3) The BMW 1 Series

A BMW was once reserved for the ultra-elite. However, in a world that’s constantly changing, where smaller cars are increasingly popular, premium manufacturers like BMW have had to adapt. In 2004 the entry-level 1 Series was launched. The 1 Series has the typical BMW traits owners look for, such as a great driving experience, a high-quality interior, and a premium image. Its popularity stems from the fact that it offers every quality that BMWs are renowned for, but in a compact and cost-effective form.

A ‘Baby Beamer’ is also rather affordable, especially previous generations that have depreciated, as expected. An entry-level BMW is a perfect premium first car for the young driver and will more than likely spark a long-lasting relationship with the BMW brand.

You can view our full 1 Series range on our website now by clicking here.

4) The Fiat 500

The Fiat 500 is one of the most-loved cars on the market by newer younger drivers and it’s significantly cheaper compared to the MINI. The entry level 1.2-litre petrol engine is no racer, but it’ll do the job if all you need is to drive locally. If you want performance, Fiat have also designed an Abarth model, which offers a sportier look and feel. The popularity of this vehicle is second to none and we can guarantee you won’t visit a city without spotting multiple 500s. With its stylish compact character, the 500 makes a great first car.

You can browse all of our Fiat 500s on our website now by clicking here.

5) The Vauxhall Corsa

The Vauxhall Corsa has been around for years but it’s still one of the most highly sought-after cars around. It’s a perfect first car for new drivers as it has relatively low running costs and insurance premiums. It’s a lot more spacious than many other compact cars in the new drivers list meaning your friends will be a lot comfier in the back seats. There are Corsa models which fall into the lowest insurance groups perfect for new drivers, for example the one sporting 1.2 Life 3d engine – 2 through to 6.

Pick your new Corsa on our website now by clicking here.

6) The Ford Fiesta

There’s a very little chance that you haven’t already heard of the Ford Fiesta. After all it is Britain’s best-selling car. A vehicle that is no competition to its many rivals. It has agile and light steering which makes the car a pleasure to drive. When it comes to choosing a model, it’s hard to go wrong as all of these are great for young drivers. This car is perfect for those looking for a car that they can grow with as the Ford Fiesta is bigger than most cars suitable for a younger audience.

Find your first Fiesta on our website now by clicking here.

Would you like to find out more? Browse our full range of cars by clicking here,  give us a call or visit one of our showrooms where one of our award-winning team can assit you with your monthly figures and show you some of the great options available.