Buying my first car!

UnknownEntity

Hi, I will be 18 very soon and I'm considering buying my first car. I just want to get a general idea on how much everything would cost including the price of the car, insurance, road tax etc etc. I'm looking at spending around 1k-2k on the car depending on how much everything else costs. Thanks!

job seeker

haiyna wrote: »

Hi, I will be 18 very soon and I'm considering buying my first car. I just want to get a general idea on how much everything would cost including the price of the car, insurance, road tax etc etc. I'm looking at spending around 1k-2k on the car depending on how much everything else costs. Thanks!

Hi OP, nobody here can give you a general idea of cost. This is purely because insurance companys are screwing people over the price of insurance.

Just to give you an idea of my own experience.

I was 22 when I got first policy on a 1999 Toyota Yaris, 1.0.

I paid Fbd insurance 980 for the year, which was extremely lucky. But my age and 2 years named divers experience played a major part in the price.

My.brother who is 18 called FBD insurance last January for a quote. He is on a learners permit. Fbd quoted him 6.5k for his own policy or 1.9k to be put under my dad's name on the yaris. (the yaris was worth 6/700 at this stage) Also, Fbd have stopped insuring 15 year old cars. But they provided my brother with these quotes as my father has the farm and machinery insured with fbd.

So what I'm saying is that I don't envy anyone who are starting learn to drive. Really the only way of getting a realistic idea of price of insurance is getting a few regs of donedeal of the cars you maybe buying and ringing every insurance company and brokers.

I'd recommend that you get insured under one of your parents and gain a few years named divers experience, as some companies take this experience as no claims bonus.

endacl

haiyna wrote: »

Hi thanks for the reply.

That is really expensive, so it's at least 1k for insurance even if it's under one of your parents names because I always thought it was cheaper than that.

Insurance companies are also clamping down on fronting. If your a named driver on your parent's policy it has to be on their car.

job seeker

haiyna wrote: »

Hi thanks for the reply.

That is really expensive, so it's at least 1k for insurance even if it's under one of your parents names because I always thought it was cheaper than that.

Well, it may vary slightly depending on geographical location and other aspects. However it was a lot cheaper a few years ago. I was insured under my mothers name for 400 as a named driver back in 2013. But as I said, insurance seems to have sky rocketed in the past few years.

job seeker

endacl wrote: »

Insurance companies are also clamping down on fronting. If your a named driver on your parent's policy it has to be on their car.

This also!

UnknownEntity

endacl wrote:

Insurance companies are also clamping down on fronting. If your a named driver on your parent's policy it has to be on their car.

Oh God so how much would you estimate insurance to be if I was to get my own car?

job seeker

haiyna wrote: »

Oh God so how much would you estimate insurance to be if I was to get my own car?

On your own policy I'd say a few thousand. However this is purely speculation on my part, so I may be totally wrong.

The only way to get a realistic idea of insurance costs, is to get a reg of the car which you may be buying off donedeal and call every insurance company for a quote.

Here is a list of all insurance company.
http://www.boards.ie/vbulletin/showthread.php?t=2057619504

UnknownEntity

job seeker wrote:

On your own policy I'd say a few thousand. However this is purely speculation on my part, so I may be totally wrong.

job seeker wrote:

The only way to get a realistic idea of insurance costs, is to get a reg of the car which you may be buying off donedeal and call every insurance company for a quote.

Jesus Christ okay thanks a lot!

job seeker

haiyna wrote: »

Jesus Christ okay thanks a lot!

No problem. Best of luck!

UnknownEntity

Is it possible for me to buy a car but register it under my parents name and then insure it under them? And then would I be able to drive It?

job seeker

endacl wrote: »

Insurance companies are also clamping down on fronting. If your a named driver on your parent's policy it has to be on their car.

haiyna wrote: »

Is it possible for me to buy a car but register it under my parents name and then insure it under them? And then would I be able to drive It?

Refer to the other users post in bold above..

challengemaster

haiyna wrote: »

Is it possible for me to buy a car but register it under my parents name and then insure it under them? And then would I be able to drive It?

It's possible, but it's also illegal (insurance fraud) so... take your pick.

Also your parents wouldn't have any NCB to use on the other car, as it can only be used on one policy at a time, so more than likely it would end up costing quite a bit anyway.

UnknownEntity

Thanks everyone!

dogmatix

Can't help with the price of the car - thats entirely up to you. The above posters have givin a lot of info on insurance but you also need to consider the following:

1. Road tax – about 200 a year for a 1 to 1.2 litre.

2. Servicing – get a full service every year at least. Or more often if you do high milage. Say every 8k to 12 k. You could be looking at 1000 euros for a service if the car is old and needs a lot of work done (but 1000 would be the exception). But if it is an older or secondhand car I’d be budgeting for at least 1000 a year, just to avoid any nasty shocks.

3. Tyres – a new set every 30k miles. Or at least thats what my last set lasted before they began to approach the legal limit. Premium tyres for a small car could be in excess of 500 in a typical tyre shop. Avoid the no-name ditchfinders. They are cheap - but for a reason.

4. NCT costs if the car is 4 or more years old.

5. AA membership – an optional extra, cost about 225+ per year if you go for the full coverage. But new customers always get special deals.

And of course - petrol. Currently 1.31 to 1.34 a litre at the moment.

cruizer101

Some pretty high estimates there, I know it is good to budget a bit extra but still bit excessive in my opinion

dogmatix wrote: »

2. Servicing – get a full service every year at least. Or more often if you do high milage. Say every 8k to 12 k. You could be looking at 1000 euros for a service if the car is old and needs a lot of work done (but 1000 would be the exception). But if it is an older or secondhand car I’d be budgeting for at least 1000 a year, just to avoid any nasty shocks.

1000 is definitely high for service costs but I get where you are coming from that something pricey could break, it shouldn't be 1000 every year but do need to have bit put aside for big break or having to get new car, go the bangernomics way.

dogmatix wrote: »

3. Tyres – a new set every 30k miles. Or at least thats what my last set lasted before they began to approach the legal limit. Premium tyres for a small car could be in excess of 500 in a typical tyre shop. Avoid the no-name ditchfinders. They are cheap - but for a reason.

500 for four corners on a small car is very fancy tyres, you can get premium brand basic tyres easily for 80 each quid for a small car.

Wouldn't worry too much about AA either, if you can get the insurance most include some kind of breakdown recovery.

Insurance really is going to be your main problem

dogmatix

True - I always like to err on the side of caution. "Expect the worst, hope for the best" type of things. I still remember the nasrty shock I got a few years back when my micra's timing chain had to be replaced and I was presented with a bill for a few euros short of 1000.

job seeker

cruizer101 wrote: »

Some pretty high estimates there, I know it is good to budget a bit extra but still bit excessive in my opinion


1000 is definitely high for service costs but I get where you are coming from that something pricey could break, it shouldn't be 1000 every year but do need to have bit put aside for big break or having to get new car, go the bangernomics way.


500 for four corners on a small car is very fancy tyres, you can get premium brand basic tyres easily for 80 each quid for a small car.

Wouldn't worry too much about AA either, if you can get the insurance most include some kind of breakdown recovery.

Insurance really is going to be your main problem

I think the n.c.t can be the next biggest cost after the insurance. With the n.c.t you could expect to a few hundred anyway on repairs.

Eg. My yaris had it's n.c.t 1 month ago. It failed on a few minor issues. Mainly it needed a door, it had high emissions, tyres, back break shoes, drop links on the front and a few other things. Ultimately I was looking at spending more than the car is worth. As you'd get the same yaris (1999) with lower milage as mine (158,000 miles) and better nick for 250/300 euro. So my point is that you can expect to pay more in n.c.t repairs on older cars. So it's worth bareing that in mind imo.