Saving for Driving Lessons

27 January 2025

Is your junior learning to drive in the next couple of years? Here are the potential costs and how YOUR credit union could help.

Did you know?

It could cost up to £2,110 to learn to drive, according to New Driver NI.

That’s based on the cost of a provisional license, lessons, tests, and the use of an instructor’s car.

AND it doesn’t stop there…

The average cost of a first-time car and insurance for a 17-year-old is close to £10,000!

According to 1stCentral teenagers are spending around £6,600 on a first time car and Finder reports that the average cost of insurance for a 17 year old in the UK is £2,507.

Why not plan your junior’s finances NOW to help give them a head start in motoring!

We offer JUNIOR ACCOUNTS (for ages 0 - 15 years) to Harp and Crown Credit Union members and family accounts for those aged 16 years+.

Savings Example: Save just £45/month for your child/grandchild, from birth up to the age of 15 years (180 months), and your junior could have at least £8,100 in their account.

For those 18+ years we offer a range of loan products where you can borrow 5 times your savings. Borrowing Example: You would need to have £2,000 saved to borrow £10,000.

Or take advantage of our NEW Flexi-Loan which allows you to borrow up to £3,000 without having any pledged shares!

We are open Monday to Friday 9am - 5pm.

Email creditunion@harpandcrown.co.uk or phone 028 9068 5198.

Or call into our office at Newforge (no appointment necessary).

“Save regularly and borrow only what you need”.

The Harp and Crown Credit Union provides safe, secure, flexible finances for the wider police family in Northern Ireland.