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Running a car

22 replies

cerseii · 13/03/2021 21:44

Can anyone give me a realistic opinion on how much it costs to run a car?

I haven’t bought one either. Would appreciate a ballpark figure to spend on my first car too. I’m early 20s and live in London. Could possibly go for something nice on finance but reckon I’d wreck it 😅

OP posts:
Zig4zag · 13/03/2021 21:49

Would probably go for a second hand 5 year old. Maybe something like a Kia or seat for about 7k.
Tax, service, Mot, tyres about 350ish
Petrol 50 for about 400 miles
Repairs can be variable but for high amounts bigger garages usually have payment schemes for higher bills.

Iamtooknackeredtorun · 13/03/2021 21:49

I think the first thing to check is probably the cost of your insurance. Your age plus location might make that quite expensive and may impact your options.

For example I am almost 50 and live in a nice suburb in South Manchester I have a good car on lease and it costs me £400 a month. Insurance is £60 a month with full no claims. Petrol is about £15 a week at the mo but pre-covid would have been about £35.

Zig4zag · 13/03/2021 21:52

You could possible lease a car for 150 a month including MOT and service as an alternative but you will be either paying a fee for life or incur an inflated balloon payment at the end of 3 years. Also if you intend on giving it back, you would have to be so so careful.

YogaLite · 13/03/2021 22:04

Insurance on 1st car for early 20s will probably be about £2k..

cerseii · 13/03/2021 22:05

Very good points, thank you both!

I have £4K saved so far. Hopefully will be able to raise that to £7-8k by the time I actually pass! My practical has been rescheduled 3 times, almost feels like I’m never going to drive!

OP posts:
cerseii · 13/03/2021 22:06

@YogaLite that’s on an old banger as well!

OP posts:
LegendDairy · 13/03/2021 22:07

Take into consideration the ULEZ charges in London. The area is about to expand and cover much more of London if it hasn't already come in the play. I'm not in the area so can't remember.

activitythree · 13/03/2021 22:07

@YogaLite

Insurance on 1st car for early 20s will probably be about £2k..

DD was 17 and got her first year for 1200 Confused

Definitely do lots of quotes to see which car make/model/age comes up best.

cerseii · 13/03/2021 22:08

Yes, that’s right. I’m probably going to be worse off driving rather than taking the train, but I think in light of recent events I would like the option to drive when necessary

OP posts:
cerseii · 13/03/2021 22:08

@activitythree what car did she have?

OP posts:
user1477249785 · 13/03/2021 22:10

Whereabouts in London? If zone 2 or closer in, I'd go for an electric to avoid congestion charge and ULEZ.

Turnedouttoes · 13/03/2021 22:13

Also think about unexpected costs as well. Ours is on finance and as the agreement is about to run out we’re due to swap it for an upgrade this week.
Last night, after having it for 4 years and it being still in perfect condition, someone has driven too close to where we were parked and scraped the whole of one side and knocked the wing mirror off.
We’ll now have to fork out to have it repaired or have to pay the extortionate dealer costs when we give it back this week.

My sister has just bought her first car. It’s one of those little 3 door Peugeot’s and is in pretty good condition. I think she paid £1,700 for it and insurance is £150 a month. That will only go down though, after 10 years of driving and no claims mine is now about £40 a month.

activitythree · 13/03/2021 22:20

[quote cerseii]@activitythree what car did she have?[/quote]
FIAT 500

murbblurb · 13/03/2021 22:22

Op is on a budget. Electric car not happening. Max £3k 10 year old job with small engine.

Pepperminttea16 · 13/03/2021 22:29

When I was 23 living in London in 2016 the insurance on my then 11 year old Toyota Yaris was £1400. I imagine it would be more now.

Petrol will depend on how much you are using it of course.
MOT is £35 I think assuming there are no repairs to do
Service about £150
Tax anywhere from nothing to a few hundred pounds depending on the car.

cerseii · 13/03/2021 22:34

Yep I think it’s for the best to go for a budget first car as I’m a bit clumsy and rusty (thanks to lockdown). With a view to upgrade to something better after a year perhaps. I don’t know, driving doesn’t seem “real” after having my test postponed for so long

I’m 5”2, are some cars better suited for short people? Fiat 500 perhaps?

I have saved £4K so far thanks to wfh, will hopefully push that up by summer when tests resume

OP posts:
iateallthecheesecake · 13/03/2021 22:37

I was in a similar situation OP 2-3 years ago.
Where I am atm (zone 2) almost all the cars on the streets near me are bashed/scratched so getting a lease or a naice car imo is a risk.

I have a 17y/o polo, cost about 750£ to buy, ulez compliant,
165/year in tax,
500 ish/year in insurance, costs
about 100£ on average to get through the MOT each year.
50£ of fuel does about 400 miles.
Street permit in my borough is about 50/year (this varies a bit between boroughs).

Considerations of having an older car.
Pick one that's common as muck so parts are available and cheap.
Often although the insurance is fully comp, if your car is damaged its likely they won't pay for repairs and will be an economic write off.

Good luck with your test!

cerseii · 13/03/2021 23:25

@iateallthecheesecake ah amazing - thanks for the comprehensive breakdown and advice! That’s quite affordable. Do you use your car full time or mix it up with trains?

I currently live in Acton (zone 2/3 cusp). I know what you mean about cars getting wrecked, happened to my friends allll the time when we lived in Shepherds bush. Someone even broke in to rob her old trainers Confused

OP posts:
Saltyflowers · 14/03/2021 00:10

I’d also factor in the cost of breakdown cover, there’s usually good deals for new members

iateallthecheesecake · 14/03/2021 10:48

[quote cerseii]@iateallthecheesecake ah amazing - thanks for the comprehensive breakdown and advice! That’s quite affordable. Do you use your car full time or mix it up with trains?

I currently live in Acton (zone 2/3 cusp). I know what you mean about cars getting wrecked, happened to my friends allll the time when we lived in Shepherds bush. Someone even broke in to rob her old trainers Confused[/quote]

Currently I don't use it much, but this changes a lot month to month based on where I'm working. Ie, January I needed it every day and will do again in May. But at the moment not much at all, maybe once a fortnight then train/cycle the rest.

Other considerations with any car is if you're planning on not using it for 2 weeks or more, the battery will likely go flat. So just remember to factor in going for a run of the A40 every fortnight to keep it going.
OR jump leads and a willing pal, a trickle charger and socket wrenches or breakdown cover as pp has mentioned are v good to have.

Also if its parked on a street not right outside, go check on it every few days even if you arent using it. The council sometimes puts up warnings to suspend parking bays and if you miss it they tow you/fine you. (luckily happened to a friend and not me)

BarbaraofSeville · 14/03/2021 11:21

If it's just you, so don't need space for significant luggage or DC, I'd go for a VW Up, Skoda Citigo or Seat Mio (they're all pretty much the same car). All small petrol engines but read up on congestion zone/ULEZ rules to check. FIat 500s have a poor reputation. Look cute but not good cars.

Very low insurance and if you go pre April 2017 (check exactly when) the road tax will be no more than £30 per year.

Look on Moneysavingexpert for how to get the best insurance and breakdown price. There's a few companies that provide the equivalent full service breakdown cover of the big names for about £50/60 per year, so about a third of the cost of the AA etc.

You can test out insurance costs etc by finding the reg plate of a car you like the look at and putting your details into comparethemarket.com or similar, even if you have to estimate. It will save all your details so once you've set an account up, it will be quick to do. You'll also get a feel for which companies are cheap for you - they all have a particular demographic they want business from, and price accordingly. Be aware that your insurance will be more expensive after you've passed your test, rather than being a supervised learner, if you get a car before you pass.

If your budget is up to about £8k, I'd maybe go up to about £6k and keep a chunk back to pay your insurance up front and for any repairs. What people tend to forget with cars is that they need servicing, tyres and brakes etc doing every few years and a small chance of a larger repair. Put a few hundred by for these sorts of costs each year, and if you don't spend it, it's a bonus.

TheDoctorDances · 14/03/2021 12:07

I’m 5ft 2 and I’ve driven a transit van before. As long as you can put the clutch flat to the floor and see through the windscreen you’re fine.

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