Hi
My 18 year old DS is 18 and has just got himself his first ever part time job. He will be working 12 hours per week on minimum wage (£6.15/hr)
He passed his test 6 months ago and hasn't driven since. He has set his sights on a 2018 Vauxhall corsa limited edition and costs £150 a month for 4 years + £100 deposit on a finance contract.
With this job he will be earning £295.20 a month, Would he be Able to afford the corsa?
He will also have to pay for fuel, maintenance and his road tax which is £145 for the car he has his eyes on. His insurance will be just under £2000 so me and DH will contribute £500 to it and he can pay the rest himself.
He says he is desperate to get a car ASAP, I have said I don't think he will be able to afford it with only under £300 a month, he is using his savings account money to pay the insurance which is what I put away for him years ago and was really only meant for educational purposes eg uni loans etc.
Should he wait until he is earning a bit more? He also wants to pay his monthly phone bill, his gym membership etc
Please or to access all these features
Please
or
to access all these features
Parenting teenagers has its ups and downs. Get advice from Mumsnetters here.
Teenagers
18 y/o DS wants a car
74 replies
user20 · 17/06/2019 00:02
OP posts:
Don’t want to miss threads like this?
Weekly
Sign up to our weekly round up and get all the best threads sent straight to your inbox!
Log in to update your newsletter preferences.
You've subscribed!
Please create an account
To comment on this thread you need to create a Mumsnet account.