Should I Sell

[mufc802]

I've had my first car for 10 months now and I've learned what a drain of money it is. The car (Ford Fiesta W Reg) cost £1000 with about 70,000 miles. Insurance to go with it was £1700 (10 month cover). It needed a service which costed about £300. Road tax next which was £100 if I remember correctly.

Within those 10 months I use it to get to college and work last year when I had a job, and petrol just costs a stupid amount especially when I'm poor.

Now my MOT came about and the car failed not sure how much the repairs will be but I'm guessing £500+ including wielding. Insurance runs out next month which will be another £1000. How do teenagers afford to drive???

I can't even find a job now, so should I just sell the peace of junk?

I'm considering cycling everywhere instead including 12 miles to college 3 days a week which I think I am perfectly capable of. The problem is I will find it a lot harder to find a job now I have to cycle to get there.

I hate driving now as well.

 

[mufc802]

1. Wait and see what the quote for the repair is.

2. Get two other quotes in case the MoT centre is taking advantage of the fact that it's easier for you to just go with them.

3. Get your Dad to insure the car and become a named driver instead. This is a bit naughty, but if you're using the car only three days per week then you can argue that this in itself proves you are not the main driver. Obviously this will cost you NCB but for short term cash flow problems, it's worth considering.

4. If you commit to cycling 24 miles per day come rain or shine, you'll have to buy lots of gear including a decent bike.

5. You won't get many cars that are cheaper to run than a W reg Fiesta, assuming it's not a nail.

1. £500
2. Too much hassle as it includes wielding.
3. I was thinking of selling my car and using his car as a named driver anyway in the winter.
4. I did buy a brand new bike £500 especially for this, but I need to MOT my car to be able to sell it.
5. Well it isn't as much of a problem if I had finished education but I haven't and am struggling to get a job.