|
The Daihatsu Cuore is £1500 and 1 years insurance TPFT is another £1500. More or less the same for a Micra but it would be 3 years older
|
Hi
Not trying to 'rain on your parade' so to speak but £1500 TPFT for an 850cc car!! How old are you?
Seriously - what happens if you have an accident for example - you could be left paying insurance for a car you don't have. What's the excess?
You might be as well trying to see if you can get a year's free or subsidised insurance from a dealer.
Don't rush into this either way - especially given you have just passed your test.
|
|
|
So your total expenditure in the first year works out at £250 pcm. Second year insurance should drop to £1k ish. Over the two years, your total expenditure would be about £4000, minus whatever it's worth - for a seven year old car with say, 35k on it, that would be about £600.
You might find a PCP on that Fiesta wouldn't be much more expensive. You'd also get way, way more kudos from your mates and girls won't refuse to get in the car.
Have a look at www.regvardy.com for the best deal on the Fiesta. Personally, I have to say that I would be embarrassed to drive around in a Cuore because everyone would assume I'd borrowed my gran's car. Not that a Micra is necessarily much better in that respect...
|
|
|
|
Don't buy a new car its complete waste of money especially at your age save it for something more useful in the future! As soon as you drive it out the showroom you would have just chucked a load of money away.
Why not buy older car like a Nova? Mine is only a group 3 and would work out at around £900 a year insurance, you can pick up good little cheap cars for below a £1000 plus the good thing about older cars is that there are plenty of cheap spares and not a lot of costly or complicated electronics to go wrong. Mine has done over 104,000 miles and i've done 25,000 since i've had it and its not once broken down, the only thing that needed doing apart from routine maintenance was an ECU failure at about 95,000 miles but the car still ran but was difficult to start and economy suffered. Ford or Vauxhall are probably the best makes since there are so many spares around for them at cheap prices. The old pre zetec Fiesta may be a good bet aswell or a 205. Don't be put off by the snobs and get an older car, the engine on mine has loads of life left in it and makes no nasty noises and doesn't consume or leak oil and is actually very quiet. All mine needs is oil and filter, and air cleaner change every 9000 miles which can be done from home easily. Stuff like tyres are cheap aswell. If you want to save a bit more money then how about going on your parents insurance for about 2 years or so. Personally i think it would be a far cheaper option going for an older tidy car than a new one! You can definately get a good car for under £1000 which still has plenty of life left in it, unfortunately the thing will kill Neville Nova off in about 2 - 3 years is rust! :-( But find a clean car and look after it and it should last, but even if it does only last a 3 years or so thats years no claims and with the money you saved you can get a better car!
|
New cars only make financial sense with free insurance for young drivers - but if the insurance costs more than the depreciation, they're a good idea. Otherwise a banger would be better, I agree, but I'm seriously thinking of giving up my banger to save me money in parts, labour, fuel and insurance in favour of that Fiesta deal.
Don't forget that a new car has more value at the end of the free insurance period, which you can then use to pay off any loan you may have taken out. You pays your money and takes your choice - look into what is cheaper.
Oh and don't go on your parents' insurance. It might sound good but unfortunately, if you have a crash and they find out you're the main driver of the car, you'll have no insurance at all and will have immense difficulty in getting insurance ever again, even assuming you're not actually prosecuted. I know it's not fun to say so but you're better off paying £1k ish for actual insurance cover than several hundred for something that won't be worth anything at all when you need it.
|
DavidHM, i still think a older cheaper car would be a much cheaper in the long run even with the 2 years free insurance offers. Maybe its just me but i don't like paying for things over months or years etc, if i buy a car i'd buy straight away no installment schemes etc. You also say a newer car has more value which he could use to pay off the loan but if he did he'd have no car because he would have sold it?!!
And on going on the parents insurance issue, since nearly all my friends do this because insurance is so expensive at my age i've never heard of anyone have their insurance revoked or been presecuted. Just because you have a crash while on your parents insurance they will not assume you are the main driver and never have. When (not long after passing my test!)i had a crash i was not presecuted or had my insurance cover declared void because i was on my parents insurance. In fact i have never heard this happen ever.
|
It's a fair point. The problem is that if you spend £500 on a car, it is likely that you will either have to replace parts that come close to the value of the car, and/or you will have no value left in the car in a couple of years' time - so you'd have no car to speak of anyway. You might do better than that - but you might also do a lot worse. If he has no car in 2 years' time, he could still buy the banger he would have bought for next to nothing then.
As for the parents' insurance thing - I agree that it's unlikely but it is something that insurance companies would be within thier rights to do. If that happened, paying the (admittedly very high) premiums that are involved would seem like a bargain compared to having insurance declared invalid for both you and your parents and the subsequently massive premiums you'd have to pay forever.
I would say that £1500 sounds high for a car like a Cuore. Definitely shop around various insurance brokers and companies to get a better price before making a decision.
|
|
DavidHM, I guess we will just have to agree to disagree! You find your banger expensive to run I find mine cheap to run! Luck of the draw i guess , but the same seems to be said of new cars!
|
|
TPFT £1500 you can not be seriuos surely, that's £4 a day. Most companies are now only a few pound more for fully comp. Try the online companies like Norwich Union Direct. Regards Peter
|
Most companies that give free insurance with a car do so with small print that excludes very young drivers.
As for a new car being expensive, there's a recent thread on that, and a lot of disagreement. New small cars can work out cheaper in the long run due to reduced servicing costs - assuming main dealer - and good deals such as a dealer selling cheap to get the year end bonus. But if you have to pay interest on finance, that'll put up the costs lots.
Aren't Fiat Cinquecento's available cheap? Trade Sales do NEW ones for £4K for goodness sake. Must be a better image than a Cuore. (Anyway isn't that a poison used by South American aboriginals?)
|
Most companies that give free insurance with a car do so with small print that excludes very young drivers.
This is true, most I have seen say 1 year's free insurance (upto a maximum of £500) or over 21s only, (under 21s get £500).
New cars cost more to insure anyway don't they? Stick to older cars. Better off finding a Corsa, Punto, Polo. You should be able to find one of them for £1.5k, much better car, and won't blow over on motorways...
I'm 19, I have a 96 Punto 75, insurance cost me £1001 for a £2k car. It's a pain, but hopefully it will be peanuts in a year or two.
It was suggested that if you put your mum/dad as a named driver on YOUR insurance it could bring it down. I think Churchill said that, and that's who I am with.
Kev
|
|
|
|
"on going on the parents insurance issue, since nearly all my friends do this because insurance is so expensive at my age i've never heard of anyone have their insurance revoked or been presecuted. Just because you have a crash while on your parents insurance they will not assume you are the main driver"
Well, from someone who calls themselves YoungSensibleDriver, that is NOT a sensible thing to say.
2 points OFTEN repeated on this Forum:-
1) If you are the Main Driver of your car, and your Dad insures it for you, it's FRAUD.
2) how do you ever build up NCB?
|
|
Trev i am soon going on my own insurance in the next month and yes my dad still drives my car, unfortunately the cost of insurance for young drivers whether rightly or wrongly is very very high. I'm talking perhaps at least 1500 pounds for a group 2 or 3 car for a 17/18 year and that is one year! The highest quote i got was over 3500 pounds!! Then they have to buy the car itself, tax it, fill it with petrol, repair costs etc. Why do you think that so many people drive without insurance since if you are caught you just get a £150 fine? You ask how am i ever going to build up my NCD and this is a good question and something i'm worried about to but i simply cannot afford it until now, and this is the main reason i want to go on my own insurance despite the fact the cheapest i've fouond so is around £1000. Remember for a 17 year old it will cost nearly 3000 pounds just to build up two year no claim bonus! I doubt many 30 years old could afford that especially a 17 year old!
|
I seem to remember that insurance companies used to frown on any driver who had their licence for less than a year.
I used to run bangers (minis,Vivas etc.) until my NCB was built up. I would consider todays bangers £500-£1000 to be much more reliable for the money.
2 suggestions for reducing insurance cost:-
How about a classic car on classic insurance?
Consider taking an advanced driving course.
|
|
|
"YSD" -
"unfortunately the cost of insurance for young drivers whether rightly or wrongly is very very high. I'm talking perhaps at least 1500 pounds for a group 2 or 3 car"
It is not me that you have to practice your excuses on.
|
Young men are notorious for having accidents. I passed my test [cough] years ago at age 35 and when Direct Line insured me they assumed 3 years NCD when calculating the premium. They were sure that at 35 I was a safe bet and they were right. Of course some young people are safe conscientious drivers, but they all get tarred with the same brush.
There are advantages to being old and past it. Not many though ...
By the way, why not take the Pass Plus course? It reduced a friend's insurance premium. It is also 'a good thing'.
|
|
|
|
|
|
I must just butt in on the Insurance thing. It is true, if the insurnace company find out you are main driver on parents insurance they may not pay up, they'll do anything to get out of it.
The main reason to get your own insurance is NCB. When I was 17 my parents didn't give me any insurnace help, and i'm so greatful. At 21 (in 1997) I bought and easily insurured a new Primera 2.0GT, and now at 25 I can even insure a Subaru impreza WRX STi for less than £1100 with direct line. I have 2 insurance policies with full NCB, it's so useful.
No look at my girlfriend, she drives her dad's car as and when needed, and at 22 years old, and no accidennts or convictions still gets quoted over £1200 for an N-reg Citroen ZX 1.9d.......... now who's laughing..
...of course, it makes no difference to her as we now have a house, and she drives my cars.
Neil T
SEAT Leon TDi 150, 406 SRi Turbo, 406 SRi 16v, Various Montegos...
|
I think what NorthernKev was suggesting is possible and a good idea.
You have the insurance in your name , but put one or both parents on as named drivers.
Insurers seem to look at this as some sort of calming influence / reduced risk. I've done this in the past and saved 10% on the premium by adding an extra driver to MY policy.
|
Yeah, that works for me. I'm 24 but only have 1 year's NCD because I'm still on my first car. I saved something like 12% by adding my mum as a named driver, even though she's never going to drive the car. I've just saved money by giving her the right to do so, presumably on the basis that if she's driving it then I can't be :-)
Not all insurance companies reduce premiums because of this; for example, Direct Line and Liverpool Victoria don't, but Zenith (my ultimate insurer through www.budgetinsurance.com ) do.
Oh and the free insurance offer I was talking about extends to 18 year olds - others often require 19, 21 or even 25.
|
|
|
|
|
It all depends on circumstance. You're lucky with the Nova. I had an old Polo and the maintenance cost was nearly £1000 in 6 months. In hindsight it's obvious that I should have got rid, but I never had the lump sum available to change. The 309 was better but still needed both driveshafts replacing and was group 7 insurance for a 75bhp car. A new Corsa 1.2 is as powerful but group 2. So if your insurance costs are set to be high, maybe new makes more financial sense.
|
That post was aimed at YSD, sorry.
New Corsas currently offer free insurance to 19+ year olds.
But yeah, a young driver with his/her own insurance is probably best suited to a new car. Groups are lower nowadays and the thing won't break down.
Drove a Cuore quite a while ago btw - quite nippy but roar from a struggling 850cc and low position on road probably give the illusion of speed. Maybe good, maybe bad!
Which brings me on to ask...
I'm to benefit from an inheritance that will cover the cost of my Uni accomodation and a car when I can drive again (some users know my tale.) Without voicing opinions such as 'what a jammy git(!)' what do you think is best for me personally? Banger that will be cheap to buy but expensive to run/insure until I leave Uni, or new car say with a years free insurance (realistically Ill be approaching 21 anyway)? And any guesses as to what insurance willcost on eg a Jazz or a 1.2 Corsa or a 1.4TDI Polo? (groups 3/2/4 respectively?) (I know this because Mum is changing her car so Ive been researching, plus it's an influence over how I put away the inheritance.)
|
Dave18: It can pay to wait 6 months or more until a good deal comes along. If you can wait of course. For example, just before last Christmas new Ka's came along at £5K from a main dealer. A silly price. Sadly I was forced to change when my last car died so I paid a wee bit more. Sob.
A used car with a known history from a relative is always a good bet.
|
|
|
|
|
|
|
