The ACTUAL cost of a car

[T.M.H.N.E.T]

You've got to be at least 21 for HP. Thats from the manufacturer though, I dont know about local car sales places.

Not with a guarantor.

 

[Matthew_T]

Not with a guarantor.

*Just found the definition.

In that case, wouldnt it be the parents that are the owners/leasers of the car? Wouldnt they have to be on the insurance?

 

[Saluki]

*Just found the definition.

In that case, wouldnt it be the parents that are the owners/leasers of the car? Wouldnt they have to be on the insurance?

Not necessarily. It is way cheaper to have your parents on your insurance though. Its not like the have to drive the car ever, it takes a big chunk off if you have one or both of them on your policy though.

 

[400bhp]

I passed my test two month ago now and have started saving for a car.

Have you OK'd this with the folks of Rhyl?

 

[T.M.H.N.E.T]

*Just found the definition.

In that case, wouldnt it be the parents that are the owners/leasers of the car? Wouldnt they have to be on the insurance?

A guarantor is a person who pays should you miss a payment. Someone older and slightly more financially stable.

They don't need to be on insurance policies

 

[Davidc]

If you can do without then don't get one.

Expensive and a serious tie.

 

[MarkF]

sorry to be so blunt but you've also got to count in a separate amount of dosh for anything that goes wrong - and it will for any car at that price.
.

I have a penchant for 4L Jeep Cherokees, the most I've spent is £750, nothing has ever gone wrong with them and I've never lost money on them. They are useful in winter and can be used as a car or a van and are image free (IMO). Dents are scratches only improve it's looks.............. I like "utility" vehicles and there is a lot to be said for oddball cars that nobody else wants.

PS I bought my good lady an 1998 MX5 for £2000 from Ebay 4 years ago, nothing has ever gone wrong with that either. I'd expect a 10 year old £1500 car to get me around the world with zero issues

 

[on the road]

If you get a car then you should learn to do some repairs yourself, that will save you a heap of cash. If you can't do any repairs yourself then garages will basically have you over a barrel and will charge what they want and you'll have no choice but to pay it.

 

[Kies]

Stop your bleating. Buy an Audi, Merc or BMW and live a little!

 

[vernon]

Forget the car. Pass your motor cycle test and get a cheap motor cycle. The insurance is a lot less.

 

[Globalti]

Matt, have you ever heard the expression "Beyond Economic Repair"? Thats what hapens when a vehicle reaches the point when it's cheaper to throw it away and get a new one than continue pouring money into it. OK, you can get lucky and like some on here you can enjoy years of cheap motoring from some old banger but the strong likelihood is that an old car will drain your resources faster than a trip to the bike shop.

If you're a good mechanic you stand a better chance of spotting that rare gem but most of the old cars out there have been sold for the simple reason that their owners were faced with a big repair bill and decided to get shot of them. Again, a good mechanic (with all the workshop facilities and plenty of free time) can keep an old car going using second-hand spares as we used to with our old Land Rover. It's satisfying and as near to ecologically sound as a car can ever be but it takes over your life and becomes a millstone around your neck.

Stick with bikes and public transport.

 

[vernon]

Another thing to consider with older cars is that should you ever have a collision the insurance company is likely to write off the car as the repair bill will be considered to be to large a fraction of the value of the car. You will probably have a large excess on your policy and this will be deducted from the insurance company's valuation of your car when it pays you out. The policy will also be terminated with no refund for any remaining cover. You will be seriously out of pocket.

If you can defer car ownership until you are 25 - 26 then you'll enjoy much lower insurance premiums and a much bigger pot of money to buy a car.

 

[MisterStan]

My 10 pence worth; £100-200 a month for a couple of years is a deposit for a house.

 

[RussellZero]

Matt, you forgot to include something important in your budget...

http://www.actioncameras.co.uk/blackvue-dr500-wifi-in-car-camera

Your dash mounted in car action camera..! You probably want three or four to give you all round coverage and some interesting sill height angles!

 

[screenman]

Get a car and spread your horizons further, but be prepared for total running costs of £4,000pa on average. There is some good info around on real world costs.