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#1 27-11-08 15:20:56

Yulfie
Member
From: Whittlesey, Peterborough
Registered: 10-09-06
Posts: 12
Website

Increase your income - register with Young Marmalade

Young Marmalade is a unique combined car purchase and low cost insurance scheme, specifically designed for drivers aged between 17 and 25 years old. Now in it’s 3-year over 1,000 cars have been supplied and there have been remarkably few crashes compared to the typical new driver in their average 13 year old car (source - Staffs CC survey).

Prices for a nearly new car on the scheme start from £140 per month and that includes 12 months insurance for a 17 year old male anywhere in the UK.

For 2009, Young Marmalade will be featured on the front cover of and advertising in Drive On – the magazine handed out by the DSA driving examiners, in which we will offer free Pass Plus to every young driver that takes up the Young Marmalade scheme. This is being operated through the driving instructors that are registered with us.

Also, if you pre-register your pupils with Young Marmalade, you will receive commission as well as the Pass Plus work. If the pupils are pre registered by you, it does not matter when they come back to us – it could be 3 months, 6 months or more – you will still be in pole position for the commission and the Pass Plus work.

Young Marmalade has now received official recognition – it is listed on the DSA Pass Plus website as an insurer that supports the Pass Plus scheme. Also, Young Marmalade has received the congratulations of the House of Commons in an Early Day Motion for it’s work with young driver safety.   http://edmi.parliament.uk/EDMi/EDMDetai … ESSION=891

To register as an instructor for free, click the following link: -
http://www.youngmarmalade.co.uk/callbac … nstructors

We look forward to hearing from you but if you have any questions, please call 0845 644 2026.

Nigel Lacy
Young Marmalade

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27-11-08 15:20:56

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Re: Increase your income - register with Young Marmalade



#2 27-11-08 15:54:04

VandADI
Administrator
From: Coulsdon, Surrey
Registered: 29-02-04
Posts: 7,592

Re: Increase your income - register with Young Marmalade

Sounds like a good deal for both new drivers and Driving  Instructors, so thank you for that information Nigel.

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#3 27-11-08 18:53:24

Rockin
Verified Member
From: Thornton Heath
Registered: 06-09-06
Posts: 200

Re: Increase your income - register with Young Marmalade

This does look a good scheme and I signed up with them a few months ago. The pupils that I have put forward seem keen too.
Rockin

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#4 28-11-08 12:27:02

Disky
Verified Member
From: Central Scotland
Registered: 10-03-05
Posts: 1,333
Website

Re: Increase your income - register with Young Marmalade

signed up for more info,, does look good tho

Thanks

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#5 28-11-08 13:27:42

TheBlackburnRover
Verified Member
From: Preston
Registered: 22-01-05
Posts: 58
Website

Re: Increase your income - register with Young Marmalade

I only registered yesterday and today I received information in the post from Young Marmalade.
Looks like a good scheme for our learners as well as a chance to earn a little bit of commission.
Impressed with the prompt reply.


Driving Schools In Preston www.philcope.co.uk

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#6 29-11-08 15:33:32

VandADI
Administrator
From: Coulsdon, Surrey
Registered: 29-02-04
Posts: 7,592

Re: Increase your income - register with Young Marmalade

Thank you Nigel for the information pack  wink

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#7 14-12-08 12:53:20

Yulfie
Member
From: Whittlesey, Peterborough
Registered: 10-09-06
Posts: 12
Website

Re: Increase your income - register with Young Marmalade

Hi

I have some copies of the new Drive On Magazine, so if anyone wants a copy please send me a message, with a note of your address. The publishers tell me that it has already been distributed to test centres and will be handed out straight away, rather than waiting for the New Year.

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#8 14-12-08 14:54:34

kaf
Verified Member
From: Wiltshire
Registered: 05-08-07
Posts: 3,328
Website

Re: Increase your income - register with Young Marmalade

I do have reservations about this, their car prices are way above what you would pay with a local dealer.

Also not keen on encouraging 17 yr olds to enter into large amounts of debt for a new car.

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#9 14-12-08 16:36:29

Yulfie
Member
From: Whittlesey, Peterborough
Registered: 10-09-06
Posts: 12
Website

Re: Increase your income - register with Young Marmalade

We cannot encourage a 17 year old into debt as that is below the legal age to enter into a contract. However, as a side issue whichever way the car is financed, we have not yet heard of a default as most young people that take up our scheme are in work have have little in the way of commitments. We can supply a car, insurance & RFL over a three year period at under £50 per week. More often than not they are paying more for the insurance alone that our combined scheme would cost them. In many cases parents are standing behind them as the scheme removes a major worry - Are my kids safe out in their car?

Please look at this as a combined car purchase and insurance scheme. There are deals out there (particularly in the current economic climate) but insurance premiums for this sector are due to go up again and insurance companies are cracking down on fronting, even to the point of insurance investigators asking neighbours who drives the car the most. Insuring a car for a young driver as a named driver through a parent is insurance fraud, illegal and has serious consequences. We know many people do it but they are in for a shock soon.

We receive many requests for insurance only and for 12 months our brokers were writing the business at a very competitive rate for this group - this was insuring any car with no requirement for Pass Plus. This was done for research purposes and this control group crashed nearly 3 times more than the drivers on the Young Marmalade scheme where we sell a new or nearly new car and insist upon additional training. We have seen crashes and even write offs among the cars that we have sold - but everyone has walked away.

We know Young Marmalade is not going to be right for everyone but there are parents that want a safer solution for their teenage drivers - all we are doing is presenting an option in the form of a single solution which provides car (with a minimum 2 years warranty), insurance and RFL in one package. We can look after them in the future - we are bringing in a scheme which will rate an 18 year old as a 25 year old upon renewal. It is all about assessing the risks and rewarding those that take additional tuition. If you look at it logically, we control the type of car and the level of training that each of our driver has to do - there is also a different attitude when a young driver is in a newer car. This control means that these young drivers are not assessed in the same way as the other idiots in this age group and the premiums are much lower (primarily due to our very low insurance claim ratios)

We understand your reservations about car prices but it is a balancing act. In many urban areas 17/18 year old males are facing minimum insurance premiums of over £3,000, even for a group 1 car - we have seen premiums as high as £4,500 in some London, Birmingham, Manchester, Liverpool & Glasgow. We can supply a car and insure it over a 3 year period for less than the cost of insurance on its own.

A council did a survey of new drivers and the average age of the first car was 13 years old. Why are we condemning the most inexperienced sector to driving the poorest standard of car? Is it any wonder that they crash and injure themselves, their passengers and other road users?

Apologies, off my high horse now, but it is annoying when someone picks at one part of a package without considering the the other parts.

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#10 18-12-08 15:55:08

george
Verified Member
Registered: 19-03-07
Posts: 348
Website

Re: Increase your income - register with Young Marmalade

Yeah, good stuff. Got the info today.


Paul Shackleton DSA ADI.-----DSA Fleet, Diamond Advanced, NVQ L3 In driver Training & Assessment, A1 & Ordit

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#11 18-12-08 23:04:33

Yulfie
Member
From: Whittlesey, Peterborough
Registered: 10-09-06
Posts: 12
Website

Re: Increase your income - register with Young Marmalade

Please look at this as a combined car purchase and insurance scheme. There are deals out there (particularly in the current economic climate) but insurance premiums for this sector are due to go up again and insurance companies are cracking down on fronting, even to the point of insurance investigators asking neighbours who drives the car the most. Insuring a car for a young driver as a named driver through a parent is insurance fraud, illegal and has serious consequences. We know many people do it but they are in for a shock soon.

Just heard an update on this insurance fronting, where the investigators were asking questions of neighbours

The insurance company refused to pay the damage on the young lad's car, which is not unusual, but they did pay the third party claim. Now the insurance company is taking legal action against the policyholder and the driver to recover the payment it made to the third party. This is not a small insurance company taking this action but one of the larger well known names.

This is not the first time that this has happened - in another similar case the insurance company obtained judgement in their favour and slapped a charging order on the parent's house. This is going to happen more and more as precedents have been set.

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#12 19-12-08 08:07:11

whodareswins
Verified Member
From: S.E.England
Registered: 12-04-06
Posts: 550

Re: Increase your income - register with Young Marmalade

Yulfie,

Good information.

May I ask if you have also looked into the BTEC in Driving Science? Would you extend (or even improve) the discounts you give to those that have completed the 6 hours of Pass Plus to those who have completed the 50 (notional) hours required by the BTEC (which includes a post-test element) and is only awarded upon satisfactory completion of all 5 modules. Some insurers are already recognising the value of the BTEC by offering discounts of up to 50-60%.

Thanks in advance,

Percy


Grade 6 ADI/Fleet Trainer, SAFED Registered Trainer, Qualified BTEC Assessor

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#13 19-12-08 11:05:55

billrhoades
Verified Member
From: Northampton
Registered: 28-11-07
Posts: 184

Re: Increase your income - register with Young Marmalade

Yulfie,
        Very good information.
Carrying on from whodareswins,would your insurance scheme recognise RoSPA/IAM advanced driving courses?
Realise you already offer what sounds like a good deal on insurance,but, in this day and age any person wishing to improve there driving skills and therefore road safety should be rewarded with cheaper insurance deals.

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#14 19-12-08 11:36:06

Yulfie
Member
From: Whittlesey, Peterborough
Registered: 10-09-06
Posts: 12
Website

Re: Increase your income - register with Young Marmalade

There are a number of things that we are doing to ensure that not only do novice young drivers have as much tuition as possible, but we are now looking to come back and check at a later stage.

We have just made arrangements with one organisation to carry out a 6/9 month review, post driving test for drivers on our scheme. This is just driving for an hour with a current or retired police officer who holds the police advanced driver qualification. At the moment this will be voluntary and we are set to go through a review stage. If this proves to be useful, popular with the drivers and makes a difference to the claim ratios, we can link it with incentives upon renewal of the insurance. 

Our claim ratios are very low compared to the average for this age group and we want to keep it that way. Whether this is down to newer car with better controls, pass plus or a totally different attitude, we don't know but we would be daft to take one aspect away to find out. 

We already accept the RoSPA (RoADAR) and IAM Skill for Life in lieu of Pass Plus. The only issue we have with either of these is the big gap between passing the test and completing these courses - our insurance covenant is exposed. The Pass Plus is quick and easy to administer and whilst not perfect, we believe it makes a difference - I wrote an article about that in ADi News.

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#15 23-12-08 12:32:46

Den
Member
From: Manchester
Registered: 16-03-04
Posts: 61

Re: Increase your income - register with Young Marmalade

I'm going to be very selffish, and keep YM from my pupils, their low insurance rates for learner drivers will encourage more parents to save money by not employing me. i will promote this company only when there is a reasonable, minimum amount of compulsory lessons with an ADI. Sorry I'm in business to make money, as well as teaching safe driving for life. ( very good for pupils not so good for Adi's) and yes i do encourage private practice, and agree that it is needed for safer roads, but i also need to make a reasonable living.  If parents new how cheap insurance can be then we are all stuffed.
Den

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#16 07-03-09 08:47:12

Yulfie
Member
From: Whittlesey, Peterborough
Registered: 10-09-06
Posts: 12
Website

Re: Increase your income - register with Young Marmalade

Young Marmalade has opened up the scheme and is now able to offer competitive insurance premiums to young drivers who have not purchased a car through the scheme. Our insurers will accept cars that are under 4 years old and already listed on the site with a few additions, for example - Alfa MiTO, Fiat 500

As we are still controlling the size of engine, the age and safety rating of the car, and insisting upon additional driver training, we are containing the risks, which is reflected in the premium, particularly in urban areas.

Pass Plus for new drivers is still required.

To obtain a quote, drivers or their parents should call Club Marmalade on 0845 644 2026

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#17 04-04-09 18:51:33

starpassdrivingschool
Guest

Re: Increase your income - register with Young Marmalade

I think this is a good scheme particuarly for young drivers that might need to travel longer distances therefore being in a newer car would be much safer and much more reliable than in a old fiesta would be interested in signing up just a little concerned what interest rate you offer these high risk low credit rating young people and what the excess on the insurance is and what does happen if they cannot keep up payments being in a reccession alot of people will lose there jobs un fortunately.

#18 04-04-09 20:52:51

Yulfie
Member
From: Whittlesey, Peterborough
Registered: 10-09-06
Posts: 12
Website

Re: Increase your income - register with Young Marmalade

We understand the concerns and would not recommend someone takes out finance if they clearly could not afford it. But what are the alternatives? With insurance premiums going up, male drivers in particular will have to pay in the region of £3,000 - first year - to insure any car and they can no longer rely on running the insurance through their parents as a named driver - that is one level up from being uninsured.

Lets just consider an example - a 10 year old Corsa, buy for £2,000, insure for £3,000 and non fuel running costs - lets say £1,000 (RFL, MOT, brakes, tyres possibly a cambelt change). That's £6,000 or £500 per month in year one. Year two will be £1,000 cheaper provided they do not claim, because the car is now 11 years old. In year three, say another £500 off the insurance but still the same repair pattern. Lets say the car is now worth £1,000 at best that is £11,000 over three years spent on nothing.

Now lets look at a Young Marmalade example. A 1 year old Fiat Grande Punto normally we get these with 6 - 10,000 miles on the clock. Include the first year premium in the cost of the car and put a 10% deposit down - payments are in the region of £150 per month over 5 years. Year one cost about £2,500, year 2 (inc year two insurance) £3,600 and year 3 £3,000 = £9,500 including interest charges and they still have the car which is worth about the same as the outstanding finance. After 5 years the finance is paid off and they have a car worth about £2,500, with the option to buy the next Young Marmalade car, and ditch the old one before the serious repairs start. 

By our calculations a Young Marmalade driver will spend £1,500 less on the cost of acquisition, interest and insurance, have a safer car with better fuel economy and we have already proven that young drivers in newer cars crash much less than those driving older cars.

We have been in discussion with one of the finance companies and were rather surprised to learn that of all the cars we financed through them last year, there has not been a single missed payment or default, which for this sector of the market is quite remarkable. We do urge people to come back to us if they have a problems we will quite happily buy the car back off them and put it back out to someone else, who may be looking for that slightly cheaper deal. If we drop a few hundred pounds so be it, we would much rather have a customer come back at a later stage as we helped them out of a pickle, when they needed it most.

Strangely, it is the kids that have the money - 17/18/19 year old on minimum wage nets about £800 per month, lives at home and has the money to meet the commitments. Not all of them pour it down their necks. You talk of recession, but in the current market with mortgage rates so low, parents have a little bit more money about, but people are hanging on rather than spending it.

The excess on the insurance should be irrelevant as 93.7% of Young Marmalade drivers do not trouble the insurers and those that do have to pay an additional excess of £250, over normal young driver excesses with any other policy. That is not much of a penalty and, if nothing else, focuses the mind.

In reality, we don't want you to recommend Young Marmalade, just let people know about it so they can consider it as an option. Most people look at the figures and consider whether it is right for them, based on solid information. If they take up the scheme as a result of you telling them, you get the commission and the pass plus work. Our biggest issue is that we know just over 1m people obtain a provisional driving licence every year and 700,000 pass their driving test. We record about 10,000 fresh visitors to our website every month, but that is only 10% of the number of people that should be looking and when you count people that passed their test the previous years or those that have not yet applied for a licence and parents looking at the site our coverage drops to under 5% of the market.

I hope you will look at what we are doing in a slightly different light.

NB Our interest rates are good for this market at roughly 13% APR - don't be fooled by the headline rates you see around 0% or 3.9% or 5%. Those are for copper plated credit risk, who don't need to borrow the money or hidden by paying full price for the car. 



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#19 04-04-09 21:00:09

starpassdrivingschool
Guest

Re: Increase your income - register with Young Marmalade

thankyou for your very prompt reply and i would certainly reccomend this to all my pupils to get them out of the situation of paying way too much for a used corsa fiesta probably s reg with 75k on the clock basically worn out and having to pay 1.995 for the privilege i personally think your scheme is excellent because it will improve safety and reliability and hopefully stop car dealers charging way too much for very old cars thanks Charles.


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#20 20-05-09 19:11:30

Yulfie
Member
From: Whittlesey, Peterborough
Registered: 10-09-06
Posts: 12
Website

Re: Increase your income - register with Young Marmalade

An update from the previous notes.

We have developed a new support scheme for young drivers and their parents, which does follow on from an earlier post about the underlying risk of taking on finance.

In these economically uncertain times, the last thing young drivers (or their parents) want is a liability around their necks if their circumstances change. As we see over 15,000 visitors to the site every month many of them looking for a car with low cost insurance, this provides a perfect market to underpin a self-funding support mechanism.

We are now offering the Young Marmalade Guarantee Support Scheme, aimed at parents of young drivers and this is our undertaking to take a car back and resell into our market, to help settle the outstanding finance. Normally, people will lose significantly if a finance deal is settled early but due to the nature of our scheme we are able to limit the shortfall on the value of the car against the finance to a maximum of £500. By capping the risks involved in taking up the scheme, it becomes a much easier decision to consider at the outset.

If you would like further information, please sign up to the newsletter at www.youngmarmalade.co.uk

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#21 08-12-09 08:31:28

ron14673
Guest

Re: Increase your income - register with Young Marmalade

Hi Folks

On the surface this scheme appears to be all things to all men/women but Young Marmalade has had a number of insurance companies who after a relatively short time pulled out of the scheme for one reason or another only known to YM and the insurance company.

YM are considering having a sort of black box installed in the vehicle which would detect when the vehicle is used during the night after 11pm, if this should happen there will be a charge/fine of £45 per night. Lots of young drivers work later than the charging time which could cost them dearly, YM does say that if you can prove that the need to drive during the charging hours then they will REFUND the charge but what bar person can afford to fork out over £300 per week and then have to wait for the refund. Or consider the young girl broken down having to wait for a breakdown company to tow her home infringing the charging deadline, doesnt seem fair to me.

Vanda why have yo allowed this blatant advert on the forum?

#22 08-12-09 09:02:28

Yulfie
Member
From: Whittlesey, Peterborough
Registered: 10-09-06
Posts: 12
Website

Re: Increase your income - register with Young Marmalade

If you are going to make public statements, please ensure they are accurate.

The first insurance company offered a 9 month policy, which created issues on renewal as there was not a full year no claims bonus to carry forward, although the broker did offer a no claims discount, which is different to a no claims bonus. A perfectly rational decision was taken to change to an annual policy, as by then we had established that the claim ratios on the combined car purchase and insurance scheme were well below the national average. This has run well for 3 years with continued lower claim ratios compared to the general first time driver insurance market. The insurer that we used has pulled out of the market completely, not just for Young Marmalade. As a result of this company pulling out of the market, all other insurers in that sector have put their prices up.

We have changed to what we consider to be a safer alternative by restricting the times that young drivers are on the road and this is being well received by parents and young drivers. If it does not suit a young driver, such as the bar person highlighted, there are other insurance providers that we can use but the cost will be higher. Young Marmalade does not say that it will refund if a young person needs to drive at night but the insurance company does consider cases if a young driver is delayed on a particular journey, i.e. roads closed or as a result of a breakdown. As we are selling a new or nearly new car, the chances of breakdown are significantly reduced.

If someone does buy a car through the Young Marmalade scheme and is insured through the "Black Box" scheme, we are offering taxi subsidies as part of the package. What other insurance company cares so much about their customers?

Perhaps that is why, as such a caring company, we have just been awarded a Prince Michael International Road Safety Award

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#23 23-11-14 05:26:33

spyder_steve
Verified Member
From: Leicester
Registered: 24-07-08
Posts: 274
Website

Re: Increase your income - register with Young Marmalade

Yulfie wrote:

Perhaps that is why, as such a caring company, we have just been awarded a Prince Michael International Road Safety Award

A prince what award ?
This a nomination for a TV awards or something ?  lol


Grade: B
Sign language Specialist (BSL 1, 2 and pre level 3)

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