Marmalade, the specialist car finance and insurance company for young drivers, is now available via Solution Loans. If you’re not aware of Marmalade you probably are aware about how expensive it is to buy and insure a car when you’re young. This issue could afflict you right through your early 20’s. Inexperience means that insurance companies load your premiums because they judge you as a higher risk. And to be honest the data says you probably are. To compensate for sky-high insurance premiums it’s tempting to buy a cheaper, older car. But by doing this you’re taking on additional risk – old cars simply aren’t as inherently safe as new car designs.
Making Car Driving for Young People Affordable
This is where Marmalade’s package of new car and “black-box” insurance steps in. Your insurance costs are reduced by fitting telematics to your car – the so-called “black box” – that monitors your driving and encourages a safe driving style. This cuts the risks and so cuts the insurance premium. Marmalade makes things even more attractive by providing 12 months of free insurance (subject to some post code limits). What you save on your insurance can help to then fund a new car provided by one of Marmalade’s car finance companies. And a low deposit can make this deal even more attractive.
Sounds interesting? Then find out more and make your enquiry.
Amanda Gillam is Solution Loans's General Manager and has been since 2009. She is also a prolific writer on personal finance issues, and has been quoted numerous times in articles published on 3rd party websites and in press releases. Her...Read more about Amanda Gillam