All you need to know about leasing
Check out our guide to understanding how car leasing works including the pros and cons.
guide to leasingCar leasing for new drivers can be a great option to help you hit the open road.
Car leasing for new drivers
With one in five young drivers aged between 18 and 24 now choosing to lease their vehicle†, there has never been a better time to consider leasing your car.
Finding a new car can be confusing for young drivers, with the financial commitment, insurance and reliability all important to those who have recently passed. Car leasing can be attractive to younger drivers due to low monthly payments and flexible contract terms.
Here at Nationwide Vehicle Contracts, we have a great range of brand-new reliable vehicles ideal for young and first-time drivers, with many available for under £200 a month. Take a look at some of the best cars for new drivers and popular choices below.
*Subject to status and conditions
† Source: Experian
Personal Contract Hire subject to status and credit acceptance. This is a hire product so you will not own the vehicle. Minimum duration is 36 months and 5,000 miles per annum. All prices shown include VAT at 20%. Road Fund Licence is included for the duration of the term. If selected, Maintenance Package includes: manufacturer recommended servicing and excludes misuse, accident damage and vehicle glass. Offer pricing subject to change at any time. Images for illustration purposes only. On return the vehicle must be in the same condition as on delivery subject to age, mileage and fair wear and tear excepted. If the vehicle exceeds the contract mileage an excess mileage charge will apply. Additional charges may apply if you terminate the contract early.
Find the answers to some of the most pressing car leasing questions new drivers have.
When you’re searching for the best car for new drivers, a lot comes down to personal preference – but a first car should be manageable, easy to drive and a vehicle that helps the driver to build their confidence.
Popular options include models from Fiat, Vauxhall, Kia and more. Learn more about the best cars for new drivers.
In order to lease a vehicle with Nationwide Vehicle Contracts, you will need to be over 18 years old and hold a full UK driving licence. There is no upper limit on car leasing with us.
As part of the leasing process, you will need to undergo a credit check as part of the finance application. Many younger drivers will have little to no credit history which will make car leasing for new drivers tough.
If you have no credit history, working to establish a positive credit history is important. You can do this by opening and managing a bank account, using direct debits to pay bills like mobile phone contracts, and registering to vote in the UK.
Contact one of our friendly sales advisors to find out more and we'll be in touch to help you.