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Car v Moped

  • 23-02-2005 6:30pm
    #1
    canavanbn@hotma
    Closed Accounts Posts: 107 ✭✭


    Ive been told that a moped can be bought almost new and insured for 2,500, is this correct?
    How does this compare with buying and insuring a car for 22 year old with no experience of driving either?
    What are the costs of the car?
    Heres what I can think of
    petrol: €45 per week? (I'll use car for to/from work in Dublin and small 'shop' runs!)
    loan payments: €45 per week?
    How much is that annual motor tax fee to government? €300?
    Insurance? How much per year for young driver with second hand car in Dublin?
    I realise that the figures Ive asked for can flutuate a fair bit but I'm curious to see how much more it'd cost than what I do now.
    At present I Spend €80 per month on the LUAS, and about the same in late night taxes (per month).
    How would the €160 I spend now compare with the costs of running a car?
    Thanks


Comments

  • #2
    the evil belly
    Closed Accounts Posts: 294 ✭✭the evil belly


    i've worked out my car costs me about 700 a month. thats everything included, petrol, tax, insurance etc. that said i do about 500 miles a week.


  • #3
    mike65
    Closed Accounts Posts: 88,972 ✭✭✭✭mike65


    This is proberly hereasy but if you have been getting by well without owning a car so far you might as well continue as you are. €160 a month for all your transport needs is a drop in the ocean compared to the cost of running a car.

    You said yourself you'd spend 40 a week on fuel which sounds like alot if you live and work in Dublin. Add as you note annual motor tax, insurance, maintainance, depreciation, other sundries and you're talking about €100 minimum a week I'd say...and thats assuming a small engine car which is'nt worth too much to start with (so less depreciation).

    Mike.


  • #4
    lomb
    Registered Users, Registered Users 2 Posts: 6,017 ✭✭✭lomb


    yep mopeds are cheap but unsafe?
    you wont get any change out of 4500-5000 a year at your age even if u run an older car ie a 97/98 one.
    parking also plays a role and is dear obviously in the city.


  • #5
    declanoneill
    Closed Accounts Posts: 351 ✭✭declanoneill


    I'd be in a similar boat in terms of experience and the cheapest I've managed to get was 2k on a 99 Fiesta Zetec (1.25L). My view is a car is going to cost a hell of a lot, but to put it in perspective, at the moment I'm getting 20 buses a week minimum. I'd rather ride a donkey to work. Jesus I'd rather ride Michelle Smith to work!

    It comes down to how much a car is worth to you (time, convince...etc)


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