How tf do young people afford cars? Watch

Emma:-)
Badges: 19
Rep:
?
#21
Report 2 weeks ago
#21
(Original post by JPWR1)
I have a relatively well paying job, but owning a car seems to be ridiculous (insurance wise). I downgraded from a ‘66 plate fiesta ST which cost me £1800/year to a ‘55 plate Peugeot 206 and the insurance was still £1650/year for a car worth no more than £1000?!?, is there something I’m missing. I don’t mind laying out money for a car but the insurance just seems ridiculous, I’m 21, have a squeaky clean record, I have pass plus, have owned 2 cars already with not a scratch on either, yet they think it’s reasonable that I’m gonna write off my car multiple times per year...any insight into my situation? Thanks.
Its not just your own car (and how much its worth), but also the damage you could do to other cars/possessions.
Unfortunately pass plus doesnt seem to make a difference to car insurance.
Once you get a year or 2 no claims though, the price drops quite a bit.
0
reply
It's****ingWOODY
  • Political Ambassador
Badges: 20
Rep:
?
#22
Report 2 weeks ago
#22
Most pay for their insurance monthly, probably takes up a quarter of their wages but it's doable that way.
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts

All the exam results help you need

2,873

people online now

225,530

students helped last year

Do you have grade requirements for your sixth form/college?

At least 5 GCSEs at grade 4 (34)
15.6%
At least 5 GCSEs at grade 5 (32)
14.68%
At least 5 GCSEs at grade 6 (45)
20.64%
Higher than 5 GCSEs at grade 6 (83)
38.07%
Pass in English and Maths GCSE (12)
5.5%
No particular grades needed (12)
5.5%

Watched Threads

View All
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise