How much a month roughly should I budget for a car?

[treesoftwinkle]

I would like something on lease or finance if the finance would be a similar cost to the lease.

I'm a new driver.

I don't want an old first car really. I feel very confident on the road and haven't had any accidents with anyone else's yet

How much can I expect to pay, monthly, for a new car (something like a crossland x), insurance and whatever else?

Thank you!

Bloody hell, thanks all for the wake up call.

My driving instructor lead me to believe newer cars are cheaper to insure!

Honestly the insurance for a new, young driver is probably about £1000-2000 per annum just to drive an old banger.

I personally wouldn't advise anyone to buy a new car. They literally lose like a quarter off their value in depreciation as soon as they leave the dealer. If you really want something new-ish look at cars like a year or two old, that have already had the initial depreciation hit. BUT, the insurance on that will still be really high.

Honestly if I was you I'd just get a car about 5 years old with a small engine and low insurance group, until you've built up your new claims discount a bit and got a bit more driving experience under your belt.

Be careful putting g others in insurance.

It's a type.of fraud called.fronting.
Of.youre caught, your insurance is void.

I wanted something like the Crossland x because I feel extremely comfortable in it and I personally feel I have more security in my car.

I don't want anything brand new, I was thinking 2016/2016.

Older if it was a different car that is also a 4 wheel drive. I was only going for a 2017/2018 plate because the Crossland x didn't exist before then.

treesoft
my kids drive a 12 year old 1.2 Fiesta that cost a couple of grand

to insure them on it (age 18 and 20) through ingenie with a tracker costs just under £2000 a year

Would my job title not bring down the insurance price a bit? Or is that a load of tosh?

I'm sure I heard Martin Lewis or someone mention it briefly

Or my marital status and number of dependants?

Newer cars are cheaper to insure, at least in my experience.

Before I got my new car I had a 15 or so year old Corsa. The insurance was extortionate and I had a black box.

My 2018 Citreon is much, much cheaper. Even the 2017 car was more expensive to insure. No black box.

What about a viva? Last time I looked it was £99 down £99 a month. I passed at 25 with a c1 and insurance was around £250 for the year this was 5 yrs ago

treesoft
use chrome incognito window to get some quotes and find out .....

where you keep the car at night makes a big difference

Job and marital status makes a slight difference. But your age, amount of driving experience, and the insurance group of the car you drive are the biggest factors.

HI OP

Insurance for new, Young drivers is HUGELY hugely expensive.

It’s based as much on the damage you can do to others (people & property) through inexperience, as it is on the value of the car you drive.

When my son was learning, his premium was approx £1600 per annum with a black box fitted. He drove a 1ltr something or other which he bought for around £2.5k and has been super reliable and cheap to run.

It went down to around £950 when he had been ‘learning’ for a year - he hadn’t taken his test for a number of reasons, but the black box data showed he was a safe driver / abided by the rules, so price went down a surprising amount.

I’d Suggest you consider a cheap car whilst you build up a good insurance profile.

I paid £196 a month for my car in a bank loan over 3 years. I put £70 a month away to cover the insurance, and servicing.

Partner been driving a year had a Mini Cooper s on lease £250 a month and insurance was £300 a month - he had to get specialist insurance and that was 10 years ago 😳

We have had a couple of lease cars - Mini Countryman £220 a month (was 2 years old when we got it) and a bmw £350 a month (brand new from the factory) both with only £500 deposit.

I think for insurance you are looking at £200-300 a month just for a cross and def don't look at 4x4's!!

I've had pcp on Skoda citigo very cheap with no deposit and servicing and breakdown included. Tax and insurance also cheap. Find a local dealer and look on their website.

My first car was a Ford KA on my 19th birthday.
It was brand new and came with one year of free insurance for me and up to three named drivers.
I put my parents and my 18 year old boyfriend on it
Was about £100 per month on finance but we are going back fifteen years here 🤭

Klutzy - you are giving a false impression. 'Fronting' is if you pretend you aren't the main driver, when you really are, so if OP's MiL insured the car and put OP on as a 'named driver'. It is perfectly legitimate to add other drivers as named drivers on your policy.

Yes, it can cost more to drive a car that is typically driven by young drivers, than a more 'sedate' type car that a 'middle aged person' might prefer, however you are asking about the overall cost of owning and driving a car. For the total cost you'd be daft to buy a new car. As others have said, the depreciation is wicked - even if you drove it for a week then sold it, you'd lose a fortune.

Things like your type of job do affect the premium, but the effect on your premium because of your postcode is HUGE.
dd1's dropped from £1400 to £800 and something when she moved house - everything else was the same.
My dc both manages to get their insurance down massively just by shopping around. Yes, it takes 4 hours out of your life, but it can save you hundreds, if not thousands.

For comparison I paid 2k for an old bmw 3 series 7 years ago. Insurance started at £700 and last year was £124 as part of our multi car insurance. It did me 7 years of MOT passes and no fuss. I also got a family estate BMW as a second car, 3k (still 30k in the clock but old). It was top of the range and is a great drive still.
I couldn’t buy a new car personally with the coat differences.

BackforGood

Klutzy - you are giving a false impression

That's why I said:
Be careful putting others on insurance