Lol, no point in having a car really if that is the case!
1.2 Punto, £24 grand for insurance.
- Thread starter Aeleys
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Lol, no point in having a car really if that is the case!
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[TW]Fox;20994700 said:
it's quite likely going to break down, i dont know where you get them from, but the delivery driver in my restaurant bought his car for £150 and it's breaking down constantly but he still keeps it running somehow.
or do my idea for 1 year then. for the first years NCB then ditch it and buy something worthwhile.
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£150 is not £50?
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
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are you really going to argue over £100, when potential saving is thousands?
Go on mum or dads insurance, wait until your old enough to be able to afford insurance on any car, and then buy your own.
Unfortunately that's how it has to be done nowadays. I'm finding age, and driving years a bigger factor than NCB. This idea of buy a £50 car and don't drive it for 3 years, and pay £1k insurance is ludicrous.
Least by getting insurance on parents car you can still have something to drive when they are not using it. Tends to be 9-5, ideal for any 17 year old
Unfortunately that's how it has to be done nowadays. I'm finding age, and driving years a bigger factor than NCB. This idea of buy a £50 car and don't drive it for 3 years, and pay £1k insurance is ludicrous.
Least by getting insurance on parents car you can still have something to drive when they are not using it. Tends to be 9-5, ideal for any 17 year old
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But the potential savings is not 1000s as fox has pointed out.
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what if your parents use their car? or you dont have parents? etc
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Also this.
Im insured on my dads car and it only costs me £500 a year. Whereas insuring my own car thats much worse would cost 4 x that!
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fox still thinks its 2005 and insurance hasn't changed prices, like someone has said insurance has tripled since then
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do you get any NCB? because what your doing is just delaying the inevitable if you don't.
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[TW]Fox;20994805 said:
so what your saying is, pass when your 17, then dont bother driving a car till your 22 is the best option?
Hopefully a 17 year old will have some form of guardian if they have no parents.
Your arguments seems very flawed. I can assure you your method will not save "thousands" simply based upon the fact your telling a 18-20 year old to buy a 2litre hatchback for a start.
Anyway I have broke down your costs:
Car - £50 (good luck getting a runner that needs no work to even drive it up to the MOT centre)
Insurance - £1,300 minimum TPFT regardless of any factors if this guy is getting £2k+ on fully comp 1.2 punto
Tax - £140, this £50 banger isn't going to be great on emissions I image, my mothers 1.4 astra which is worth £100 costs £180 to tax, so I'm being generous here
MOT - £30
Public Transport per year - Using your scientific workings out of it costing £3.50 a day!! ((£3.50*5)*52) = £910
Year 1 = £2430
Year 2 = £2080 (less £50 for car, hopefully still MOT passable! and less £300 for insurance, oh how generous I am!!)
Year 3 - £1880
Total cost for car sitting of drive for 3 years £6390
How is this young chap ever going to recoup this kind of money???
No, its just a less stupid option than your suggestion.
The best option is to buy an old, cheap to run car and run it for a few years.
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will running a car with insurance, tyres, repairs, servicing and fuel for 3 years be less than £6.4K? 
oh forgot depreciation too, since the car needs to be in working order therefore a much more expensive car.
oh forgot depreciation too, since the car needs to be in working order therefore a much more expensive car.
Why are you so hooked up on NCB? Yes it's a factor in cheaper insurance, but it's certainly not the main factor at all.
Experience, postcode, the actual car in question, accidents, claims etc...... factor into the equation as well.
Thankfully I only had to be on my mothers insurance policy for 1 year while I saved up for my first insurance policy at the age of 18 on a 1.6 focus, my premium was £1,300 with 1 years driving experience, an average postcode, with both my parents on the policy (best way to reduce your premiums as a young driver).
OP's best option is parents insurance, if this is not possible or ideal for him, he's going to have to pay £2k for his punto. Do not get a £50 banger and not use it...
will running a car with insurance, tyres, repairs, servicing and fuel for 3 years be less than £6.4K?
oh forgot depreciation too, since the car needs to be in working order therefore a much more expensive car.
The only extra here is tyres and fuel on your theory. Your £50 banger will still need repairs and minor servicing, just to get it to the MOT centre.
Depending on how many miles the lad does, I'm guessing it may actually come to around the same cost.
No, just drive when you want to and when you can afford it.
Of course, if you pass at 17 and don't drive until 21, your first insurance policy is going to be cheaper.
But paying out all of the most significant costs of driving but not actually driving would be a ridiculous waste of money. At least if you drive the car you're getting something out of that money spent.
I think your issue is that you have no real idea of how insurance works. As Fox says, NCD alone doesn't really offer that significant a saving.
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