Insuring a Range Rover Evoque at 18. Help ! Watch

MrCole&Co
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Hi Guys

Yeah you probably have read the title and thought, keep dreaming but i am getting a range rover evoque and getting rid of my corsa.

As you may expect, i am finding very little insurance companies to insure the car, besides the one i can see on compare the market websites, are there any that wont appear on the comparison site?

Thanks

J
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TheYearNiner
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Could do temp insurance until you're 19 but if u can afford an evoque then u can pay for insurance even if its over 8k
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MrCole&Co
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(Original post by TheYearNiner)
Could do temp insurance until you're 19 but if u can afford an evoque then u can pay for insurance even if its over 8k
Yeah, the insurance really isnt too much of an issue, only 3.5k with a box which im fine with as a range is more of a cruising car than a performance car.

Thanks !
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IWMTom
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(Original post by MrCole&Co)
Hi Guys

Yeah you probably have read the title and thought, keep dreaming but i am getting a range rover evoque and getting rid of my corsa.

As you may expect, i am finding very little insurance companies to insure the car, besides the one i can see on compare the market websites, are there any that wont appear on the comparison site?

Thanks

J
Sigh.. get more creative..
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MrCole&Co
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(Original post by IWMTom)
Sigh.. get more creative..
I dont know what that means, but do you know any other insurance companies other that the ones on comparison sites?
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xDron3
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(Original post by MrCole&Co)
I dont know what that means, but do you know any other insurance companies other that the ones on comparison sites?
DirectLine or some Insurance brokers. People throw Adrian Flux around but I haven't had any luck with them, some have though.
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yelir
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Get in touch with an insurance broker... Plenty of specialist insurance companies that deal with young drivers with expensive/performance vehicles, they just aren't marketed to the mass market as their more of a niche so you won't find them unless you search for them directly. Just go to a insurance broker and tell them what you need.
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IWMTom
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(Original post by MrCole&Co)
I dont know what that means, but do you know any other insurance companies other that the ones on comparison sites?
We've had plenty of threads like this
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_princessxox
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Definitely go through an insurance broker. I can give you more details on being insured this way just pm me if you need any advice, I was in the exact same position over a year ago
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MrCole&Co
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I appreciate your assistance, you really have helped me.

I dont understand why you think its a joke? I am simply financing a range rover evoque as i have the funds to do so?
(Original post by IWMTom)
We've had plenty of threads like this lol it's not funny anymore
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MrCole&Co
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Class! Thank you Sir
(Original post by xDron3)
DirectLine or some Insurance brokers. People throw Adrian Flux around but I haven't had any luck with them, some have though.
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MrCole&Co
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How would i go about getting insurance broker companies and their numbers?

Just a simple google of "insurance brokers" or do i need to find a car magazine etc
(Original post by Fekky.)
Get in touch with an insurance broker... Plenty of specialist insurance companies that deal with young drivers with expensive/performance vehicles, they just aren't marketed to the mass market as their more of a niche so you won't find them unless you search for them directly. Just go to a insurance broker and tell them what you need.
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IWMTom
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(Original post by MrCole&Co)
I appreciate your assistance, you really have helped me.

I dont understand why you think its a joke? I am simply financing a range rover evoque as i have the funds to do so?
Of course you do :laugh:
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Admit-One
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(Original post by MrCole&Co)
How would i go about getting insurance broker companies and their numbers?

Just a simple google of "insurance brokers" or do i need to find a car magazine etc
What’s weird here is that in another thread you were giving out advice to others regarding insurance and yet now you’re claiming to be clueless about the whole process.

“If you have the money then splash out and get a nice car, just do insurance checks and call up loads of insurance brokers to get an idea of the insurance on it before you empty your wallet.”

Hmmm.
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MrCole&Co
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I have given advice on insurance on first cars yes, but insuring a 1.0 litre micra is not the same as a range rover is it?

I asked the question as i know it isnt the exact same process insuring a high end car such as the evoque, i understand you all may think that i am trolling but i dont see how it is so un achievable when it is merely 250 per month to finance such vehicle. £250 a month on finance is very affordable when you work hard and have a good job. But i mean if you all want to think im lieing then think that

I just wanted some genuine help on insuring a high end vehicle as on comparison sites i am getting 4-5 people willing to insure me
(Original post by Admit-One)
What’s weird here is that in another thread you were giving out advice to others regarding insurance and yet now you’re claiming to be clueless about the whole process.

“If you have the money then splash out and get a nice car, just do insurance checks and call up loads of insurance brokers to get an idea of the insurance on it before you empty your wallet.”

Hmmm.
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IWMTom
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(Original post by MrCole&Co)
I have given advice on insurance on first cars yes, but insuring a 1.0 litre micra is not the same as a range rover is it?

I asked the question as i know it isnt the exact same process insuring a high end car such as the evoque, i understand you all may think that i am trolling but i dont see how it is so un achievable when it is merely 250 per month to finance such vehicle. £250 a month on finance is very affordable when you work hard and have a good job. But i mean if you all want to think im lieing then think that

I just wanted some genuine help on insuring a high end vehicle as on comparison sites i am getting 4-5 people willing to insure me
I'd love to know where you're finding one at £250 a month...
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MrCole&Co
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(Original post by IWMTom)
I'd love to know where you're finding one at £250 a month...
Autotrader, never said it was a brand new one out the showroom. PCP finance

Eat your words
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IWMTom
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(Original post by MrCole&Co)
Autotrader, never said it was a brand new one out the showroom. PCP finance

Eat your words
You're financing a used car? :laugh:
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yelir
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(Original post by IWMTom)
You're financing a used car? :laugh:
Literally 99% of cars over £10,000 are financed, I mean why wouldn't you? Let me give you an example.

Lets say you have £10,000 in the bank, ready to spend on a car.

You've found a car which you like which is bang on £10,000

Now you can purchase that vehicle with cash, and boom, £10,000 is taken from your bank account but hey, you can go around shoving your ego around saying you own your car.

Or, you could put a £1,000 Deposit down, (or even less) but to keep it simple i'll leave it at a £0 deposit.

You then look at finance packages (or a bank loan if you prefer) and you'll find most interest rates are between 6-10% (can get 3-4% if your credit history is good), but to keep it simple lets say your credit history is absolutely appalling and you're given a 10% interest rate over 2 years on a HP finance deal. So, each year you will pay £1,000 in interest , totalling to £2,000 over the total period. So in total you would pay £12,000, yes you pay more but the trade off being you don't have to pay the full amount. Lets say the monthly payments are around £550 (On a HP Deal remember), so you would only have that subtracted from your 10k that you have in the bank. This leaves you to do as you please with that 10k, invest it, start a side business, savings account etc. That will pay you a greater return, and hopefully using that 10k you will have made over 2k which you paid in interest and therefore it balances out.

Finance is probably the best thing out there when used correctly, don't understand why people knock it. You can pay 10k upfront or pay it in installments, guess what, both ways you're still driving the car, so who cares? Its like looking down on people who have mortgages, I mean after all, its not their house until they've paid it off is it?

Grow up pal
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IWMTom
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(Original post by Fekky.)
Literally 99% of cars over £10,000 are financed, I mean why wouldn't you? Let me give you an example.

Lets say you have £10,000 in the bank, ready to spend on a car.

You've found a car which you like which is bang on £10,000

Now you can purchase that vehicle with cash, and boom, £10,000 is taken from your bank account but hey, you can go around shoving your ego around saying you own your car.

Or, you could put a £1,000 Deposit down, (or even less) but to keep it simple i'll leave it at a £0 deposit.

You then look at finance packages (or a bank loan if you prefer) and you'll find most interest rates are between 6-10% (can get 3-4% if your credit history is good), but to keep it simple lets say your credit history is absolutely appalling and you're given a 10% interest rate over 2 years on a HP finance deal. So, each year you will pay £1,000 in interest , totalling to £2,000 over the total period. So in total you would pay £12,000, yes you pay more but the trade off being you don't have to pay the full amount. Lets say the monthly payments are around £550 (On a HP Deal remember), so you would only have that subtracted from your 10k that you have in the bank. This leaves you to do as you please with that 10k, invest it, start a side business, savings account etc. That will pay you a greater return, and hopefully using that 10k you will have made over 2k which you paid in interest and therefore it balances out.

Finance is probably the best thing out there when used correctly, don't understand why people knock it. You can pay 10k upfront or pay it in installments, guess what, both ways you're still driving the car, so who cares? Its like looking down on people who have mortgages, I mean after all, its not their house until they've paid it off is it?

Grow up pal
The key differentiator here being that they're financing a USED car.
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