Insurance much different with new cars

daniel101191

daniel101191

daniel101191

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Joined
9 Jun 2009
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348
Hey, been driving for a year now, nearly 19 and am getting a new car as my renault clio t reg is dying... I was looking at finance options on new cars, there is a Toyota AIGO 1.0 3dr for £159 a month for 24 months, and I could easily afford that, but my question to you is, is the insurance a lot more expensive than say my car, because it is new reliable, no tax, and is only 1.0l and mine is 1.2, or because its new likely to be well over the £1800 im paying at the moment..?
 
There are so many factors in insurance it's nearly impossible to say what will be cheaper for someone.

I can insure a 300bhp BMW 335i for cheaper than a 4 year old Ford Focus ST. My insurance on my modded 180bhp hatch is cheaper than my gf's 1.2 Punto.

Best to get number plates and do quotes, but before all that - what makes you want a new car especially with the need to finance it?

For that amount of money you could get a far better (read better, not quicker/bigger/more powerful) car.
 
I have had such bad luck with things going wrong, a brand new toyota will be reliable for agessss. Ill have to see what my dad thinks, I know I could get a nicer/faster car, but its really a money thing. + the 5 year warranty. taking a guess, would you say that would charge much for a new car?
 
daniel101191 said:
I have had such bad luck with things going wrong, a brand new toyota will be reliable for agessss. Ill have to see what my dad thinks, I know I could get a nicer/faster car, but its really a money thing. + the 5 year warranty. taking a guess, would you say that would charge much for a new car?
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What's wrong with getting a 2 year old car, it could be up to 40% cheaper, still have a years warranty and from the money saved you could insure something better and buy 5 more years worth of warranty.

My car new had an invoice (price paid) of £16,450, at 15 months old I paid less than £8000 for it. I've had no problems running it for the past 2 years~ (including modding it, adding an extra 30bhp and insuring all this at 19/20 years old) and if I was going to keep it I could continue to keep it in full warranty for £500~ a year.
 
How technically minded are you? What's wrong with the Clio? I used to be the tech support for a friends 51-plate Clio, just doing the basics, filters, oils, brake pads/discs etc etc and it wasn't exactly taxing, most could be done with basic tools and its a nice skill to have :)

I'll warn you loads of people will rock up tomorrow telling you to fix the Clio and not buy a new car (And they have a point, depreciation on a new car will probably more than the running repairs on a Clio, and at that age the depreciation on a Clio is basically nothing) , but if its not fixable and/or that's not what you want to do that's fair enough :)

Kia's and Hyundai's have huge warranties (5-7 years) so loads of their cars will still be under warranty. Boring as, but they work.... and work..... and work....

As for the insurance, get quotes, lots of quotes, there are so many variables, some which seem to make no sense at all :p
 
How have you got your Clio insurered?

A brand new car on finance has to be comprehensively insured, simple as. Otherwise if you stack it you'll end up with no car and still have a monthly bill going out.

What sort of finanace is it. If it's P.C.P you realise that once you've got the the end of the 2 years you won't own the car. You either givew the car back or pay them more money to keep it.
 
daniel101191 said:
ok so you suggest I get something like 06ish then?
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I'd look at an 08 or 58 plate

Still got 12 - 18 months of warranty left, and usually by 18/24 months old they've done the biggest part of their depreciation.

With barely 20,000 miles on the clock, it wont exactly have been around the block a lot will it ?

Save yourself a stack of cash, and still get a reliable car.
 
I learned how to repair my cars when I had no money, now it's a life skill I couldn't live without; I change gearboxes if I get bored pretty much :p

Grab a Haynes and dig in, it's sometimes pretty enjoyable too :D
 
thanks for your replies, Im am fairly techinical minded, built a lot of computers, even tho that has nothing really to do with cars. Keeping the clio is out off the question really. A sensor needs replacing = £300, theres a large rattle in the pedals (mate reckons suspension) and I can see the bill coming to £500+ and thats the value of the car, plus its a petrol and has 83000 on the clock.

Might just go round a few garages and have a look at what I can get between £1500- £3000

Thanks for the replies guys, keep them going if you have any ideas :)
 
K.C. Leblanc said:
A brand new car on finance has to be comprehensively insured, simple as. Otherwise if you stack it you'll end up with no car and still have a monthly bill going out.
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some companies thrown in the first years insurance free, which is a hefty saving in itself. Not that i think he should buy a new car, i think he should have a look at the clio myself ;)

B@
 
daniel101191 said:
a brand new toyota will be reliable for agessss.?
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Don't bank on it. My Avensis left me stranded at the roadside more often than my Land Rover Defender did. Starter motor failure, injectors etc.
It was all fixed under warranty but that doesn't compensate for the hours at the roadside or days messing around with courtesy cars.
 
daniel101191 said:
thanks for your replies, Im am fairly techinical minded, built a lot of computers, even tho that has nothing really to do with cars. Keeping the clio is out off the question really. A sensor needs replacing = £300, theres a large rattle in the pedals (mate reckons suspension) and I can see the bill coming to £500+ and thats the value of the car, plus its a petrol and has 83000 on the clock.

Might just go round a few garages and have a look at what I can get between £1500- £3000

Thanks for the replies guys, keep them going if you have any ideas :)
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Barely broken in! My advice to you is get a few quotes for insurance on things like a focus. Have a search round and buy a car based on its service history and condition. I wouldn't worry too much about milage. That just my personal opipion but hey I drive a 1999 £425 mondeo with 149k on the clock.
 
B@Th*nG said:
some companies thrown in the first years insurance free, which is a hefty saving in itself. Not that i think he should buy a new car, i think he should have a look at the clio myself ;)

B@
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Last time I took an indepth look at brand new small cars (which was a good few years ago), there were quite a lot of these deals around. But most of them were only open to those over 21 or even 25.
 
K.C. Leblanc said:
Last time I took an indepth look at brand new small cars (which was a good few years ago), there were quite a lot of these deals around. But most of them were only open to those over 21 or even 25.
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And you tend to end up with a vauxhaul of some description at the end of it. Not a good outcome :p
 
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