Fiat has teamed up with the insurance provider Carrot to offer young drivers a reasonably priced way into new car ownership.
The offer is for a brand new Fiat 500 1.2 Pop on a three-year PCP agreement that comes with three years' servicing and insurance provided by Carrot.
As part of the fully comprehensive insurance policy the car will be fitted with a telematics 'black box' that tracks the owner's driving style. Those deemed to be safe drivers will qualify for cash rewards on a quarterly basis.
To take advantage of the offer, buyers need to be 18 or older and to come up with a deposit of £1475. They will then need to pay £239 a month for three years. There is a limit of 6000 miles a year and anything over that will be charged at 6p a mile.
Other manufacturers do offer cheaper deals, but they require the driver have to two years' driving experience or be over 21 years old. For example, Peugeot is currently offering a new 108 for £115 on its 'Just add fuel' scheme.
In common with all car purchases, What Car? would also recommend that buyers shop around before committing to a deal because, if you are prepared to undertake the extra work, it is often possible to save money by shopping for around for separate lease and insurance deals.