Students
- Thread starter Kroegen
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Associate
- Joined
- 14 Jul 2004
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- 1,465
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- Caerphilly - S.Wales
I have just started full time work, after three years in uni and running a car since i was 17, im now 21. I had one job through A-level which just covered costs of the car and my lifestyle, (not going out much, save money for hols and christmas) but through uni i had one job in my first year, and then one main job and a summer job in year two, and for my final year I had two part time jobs, plus a bit of work on compters to get a bit more cash.
Depends on the hours you work and the rate of pay, in uni my jobs were not less than £6per hour, which is not too bad.
Depends on the hours you work and the rate of pay, in uni my jobs were not less than £6per hour, which is not too bad.
Associate
- Joined
- 1 Jul 2005
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- 1,360
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- London
I already had my car before uni, insurance (got to love NCB 
)and fuel is just under £500 (taking into account how much i saved by not getting bus pass too), which if i cut back on other luxuries i could afford without needing a job.
However, in order to afford nicer and thirstier cars i got a job and earnt just over a grand in the year, which paid for my jag and the extra £300 needed to fuel the thing.
I do benefit enormously from being in a good postcode insurance wise though, and if things do get bad, my parents have promised to always keep me on the road. Though i don't particularly want to rely on them.
)and fuel is just under £500 (taking into account how much i saved by not getting bus pass too), which if i cut back on other luxuries i could afford without needing a job.However, in order to afford nicer and thirstier cars i got a job and earnt just over a grand in the year, which paid for my jag and the extra £300 needed to fuel the thing.
I do benefit enormously from being in a good postcode insurance wise though, and if things do get bad, my parents have promised to always keep me on the road. Though i don't particularly want to rely on them.
I bought a cheap car (£200) and paid the insurance in one go (£600) all i have to pay for is if something goes wrong (which it hasnt - touch wood) and running it (petrol etc)
I've just gone out and bought another new car (£160) which will only cost me to get back on the road (couple of hundred quid) insurance and running it.
Car's dont have to be expensive
I've just gone out and bought another new car (£160) which will only cost me to get back on the road (couple of hundred quid) insurance and running it.
Car's dont have to be expensive
When I was a student I worked 10hours per week.
I never had any issues financing my car.
It cost me ~£750 to learn to drive including all lesson, license and test fees.
The car cost £900, about £100-£150 a month on fuel. Then Tax, MOT, Servicing and maintenance fees must have average £50 a month. So about £150-£200 per month. It worked out that I spent about 30-40% of my wages on my car.
I never had any issues financing my car.
It cost me ~£750 to learn to drive including all lesson, license and test fees.
The car cost £900, about £100-£150 a month on fuel. Then Tax, MOT, Servicing and maintenance fees must have average £50 a month. So about £150-£200 per month. It worked out that I spent about 30-40% of my wages on my car.
Credit cards, overdrafts, that kind of thing.
I bought my first car with the money I earnt working every hour possible during summer holidays between my 1st and 2nd year at uni (night shifts at a factory for 10 weeks, 6 days on, 3 days off, although sometimes worked through the 3 days off so worked 15 consecutive days).
Earnt a decent amount though. I also took out a 2nd student account so I could use the overdraft to pay for insurance, and somehow managed to afford petrol and running costs out of my student loan.
My 2nd car I was lucky in that my parents had come into some money and gave me a fair sum towards the purchase price, otherwise I'd still be on my first. They've filled up the tank 3 times for me in the last month, but on top of my own journeys I have done a lot of running around for them over the summer.
So, in short, I used a combination of all the available options - work, debt, and parents. I'm sure a job would probably work as well.
The down side is that I've just graduated and on top of my 12k or so student loan, have 3k on credit cards and am about £1500 overdrawn, but luckilly I've secured a decent paying job and the starting bonus will clear my credit card and overdraft debts.
I bought my first car with the money I earnt working every hour possible during summer holidays between my 1st and 2nd year at uni (night shifts at a factory for 10 weeks, 6 days on, 3 days off, although sometimes worked through the 3 days off so worked 15 consecutive days).
Earnt a decent amount though. I also took out a 2nd student account so I could use the overdraft to pay for insurance, and somehow managed to afford petrol and running costs out of my student loan.
My 2nd car I was lucky in that my parents had come into some money and gave me a fair sum towards the purchase price, otherwise I'd still be on my first. They've filled up the tank 3 times for me in the last month, but on top of my own journeys I have done a lot of running around for them over the summer.
So, in short, I used a combination of all the available options - work, debt, and parents. I'm sure a job would probably work as well.
The down side is that I've just graduated and on top of my 12k or so student loan, have 3k on credit cards and am about £1500 overdrawn, but luckilly I've secured a decent paying job and the starting bonus will clear my credit card and overdraft debts.
Associate
- Joined
- 14 Jul 2004
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- 963
I have a part time job, I bought my car for £2000 after I passed my test, paid my insurance and pay for my petrol. I maintain the car myself so I suppose I save money there.
I've been working part time since I was in school and saving money so I can run a car no bother, I'm looking at getting a car with a little bit more poke now
I've been working part time since I was in school and saving money so I can run a car no bother, I'm looking at getting a car with a little bit more poke now
Last edited:
Soldato
- Joined
- 7 Mar 2005
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- 2,984
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- Birmingham, UK
I am a student, got the car free as my father got it me, I have a part time job (12-15 hours a week) which pays for running the car and the insurance (£1500 
) Any mechanical problems are free as my father is a mechanic
) Any mechanical problems are free as my father is a mechanic
Soldato
- Joined
- 7 Mar 2005
- Posts
- 2,984
- Location
- Birmingham, UK
agw_01 said:Which with a Corsa, aren't exactly rare
Oh how ironic, coming from the owner of a Rover
I had a little business which i ran selling things from my uni room. Luckily parents paid my tuition and accomodation so that side of things was covered. The only thing that used to get to me about running the car(s) was that my V6 used to absolutely thrash fuel as i went home (about 200 miles round trip) once or twice per week. To combat this i got an uber cheap diesel to temporarily do those runs in.
Actually came out of uni pretty well off, still had the student loan banked, along with some more savings i had added to it.
Actually came out of uni pretty well off, still had the student loan banked, along with some more savings i had added to it.