Budding F1 drivers can now get a leg up onto the first rung of the motor sport ladder as Caterham launches a unique finance package for its 2006 Academy grid line-up.

For just £199 a month, every competitor will not only get to own a road legal, 1.6i 120bhp Caterham Roadsport, capable of reaching 60mph in just 6.2 seconds, but will also be guided to attain a National B racing licence. In addition participants will also get to compete in eight rounds of motorsport including four speed events – hill climbs and sprints – and four races at top UK circuits including Silverstone, Goodwood and Cadwell Park. Caterham provides professional race instruction, seminars and technical support for each competitor to help make it one of the ultimate driving experiences.

The exclusive finance deal requires a down payment of £3,900 and then 23 monthly payments of £199. A final instalment of £9,860 is required during 2007.

Drivers interested in competing in the 2006 competition season (April – October 2006) are urged to contact Caterham quickly as places on the grid are limited and often sell out well in advance.

Celebrating its tenth anniversary this year, the 2005 Caterham Academy is already packed with 56 novices of all ages and sexes eager to get to grips with the most raced production car in the world.

Managing director at Caterham Cars Ltd, Ansar Ali, said: "This single make race series is the perfect introduction to motorsport. It’s fun, fast, and furious and now, thanks to the unique finance package, more affordable than ever. This unique finance package allows more wanabe racing drivers the chance to live the dream without a hefty upfront payment."