Cheapest NEW small cars in the UK

danny69

MrsE wrote: »

Yeah so shes high anyway. A group one/two/three new car will be much the same as a 10 year old Nova.

Anyway, when does the next plate come out? Is it September?

Really? A ten year Nova, I would personally insure it TPFT, a new car I would go for fully comp obviously. So to think they would cost the same to insure, I cant see how! Also, I dont think you want other peoples opinions, I really dont know what you are doing posting on here. Some people dont want constructive advice, you are one of them.

tinkerbell84

I waited about a fortnight before buying my first car after passing my test - a 5 year old vw polo.

i loved that car. it was worth about £2500 but insurance cost £750 fully comp.

had it been brand new, the insurance would have been around £1250.

my dad had a huge estate car (auto) and my mum didn't want me driving hers!

tinkerbell84

MrsE wrote: »

Great if you have the cash, but a lot of deals now offer 0% interest or low interest.

Even taking interest into account, if you get a good deal I think the benefits & reliabilty can make it worth getting finance on a new car.

Its nice not to have to, but not many people can buy a new car for cash.

what benefits or additional reliability do you get from buying on credit?

i can think of several disadvantages:

you don't own the car till the last payment is made, for a start!

you can't sell it as easily

there aren't usually 0% deals on the top of the range models.

it's another credit agreement on your file.

Idiophreak

tinkerbell84 wrote: »

it's another credit agreement on your file.

That can be an advantage if you're young and trying to build a good credit history / score...

MrsE_2

danny69 wrote: »

Really? A ten year Nova, I would personally insure it TPFT, a new car I would go for fully comp obviously. So to think they would cost the same to insure, I cant see how! Also, I dont think you want other peoples opinions, I really dont know what you are doing posting on here. Some people dont want constructive advice, you are one of them.

I DIDN'T ASK FOR ADVICE ON WHAT AGE CAR TO BUY.

I asked where to get the best deal on a new small car.

Idiophreak

danny69 wrote: »

Really? A ten year Nova, I would personally insure it TPFT,

The discussion was about whether or not a new car added to the cost of insurance, assuming like-for-like policies, obviously.

Assume the Nova cost the same as the new car. Would you still only put it on TPFT? (it's blinged to the nines this nova, honest)....Put another way...The 10 year old Nova, of similar cost, on fully comp - is it really going to cost much different to a new low insurance car?

MrsE_2

tinkerbell84 wrote: »

what benefits or additional reliability do you get from buying on credit?

i can think of several disadvantages:

you don't own the car till the last payment is made, for a start!

you can't sell it as easily

there aren't usually 0% deals on the top of the range models.

it's another credit agreement on your file.

You don't get benefits from buying a car on credit, you get the benefit of having a new car thats safe & reliable.

She isn't looking to buy a car with a short term goal of reselling, but buying to last her for 3-5 years.

You can sell it just as easily once its paid for, just as you can sell your cash one as soon as its paid for.

I didn't get a 0% deal on mine, what I said was the money saved on buying the showroom model paid for the low interest & it was the top model for the low model book price.
I NEVER said it was 0%

As for my daughter, she DOESN'T want a top of the range model shes looking at the starter model in each make.

Of course its great if you have the cash to buy outright, but she doesn't have that kind of cash, but she does have a secure job.
Many many people use finance to buy their cars, its fab for you that you didn't need to, but there is no need to presume that new cars are just for those with that kind of cash to hand. There is no shame attached to getting a good finance deal & doing it that way.

I think if you get a really good finance deal, the cheap running costs, the warrenty & the petrol effiency can go a long way to paying the finance.

When you have a 0% deal on offer (as you do sometimes see), I think its silly not to avail of it & use their finance.

MrsE_2

tinkerbell84 wrote: »

I waited about a fortnight before buying my first car after passing my test - a 5 year old vw polo.

i loved that car. it was worth about £2500 but insurance cost £750 fully comp.

had it been brand new, the insurance would have been around £1250.

my dad had a huge estate car (auto) and my mum didn't want me driving hers!

But the cost of the insurance & the value of the car were not in perportion were they.

The insurance for a new one would have been another 66%

The value of the car new (I'm guessing £12,500 correct me if I'm wrong) is 400% greater than the old car - £2,500 x 400% = £12,500.

So for a car worth 400% more, your insurance would only have been 66% more:D

AdrianHi

tinkerbell84 wrote: »

what benefits or additional reliability do you get from buying on credit?

i can think of several disadvantages:

you don't own the car till the last payment is made, for a start!

you can't sell it as easily

there aren't usually 0% deals on the top of the range models.

it's another credit agreement on your file.

I have learned to divorce myself from the idea of car "ownership" and think instead about having the use of a car and how much it costs to have the use of it.
No car lasts forever, you use it for a while, it costs you money, divide the total expense my the number of months owned... sorry "used"... and you have a monthly figure to work with, which needs to fit inside you earnings and other expenses otherwise you cannot afford to replace the car.
If by paying say £30 a month in interest charges allows you to save £60 a month in fuel the finance deal has helped you to save £30 a month, assuming all other costs add up to the same.

Another thought on car choice, Vauxhall Corsa's are extremely cheap to lease (due to big discounts leasing companies can buy them in at) and work out much cheaper compared to buying and selling over the first 3 years even with the 0% finance Vauxhall dealers can offer.
I've just looked up a deal which is £401.85 for the first month then £133.95 a month - 36 months in total including VAT. Thats £5090.10 for 36 months including road tax for a Vauxhall Corsa Hatchback 1.2i 16v Club (AC) 3dr which has a list price of £9432.
The 3 year / 36K mile "Real Cost" figure assuming you bought it is £11,508. There is no way the other running costs of this car are going to come near £6500.
You don't have to sink in a large chunk of cash, you always have a car under warranty, no MOT worries and if you really want to you could probably buy it off the leasing company after 36 months, it will only go to auction at somewhere like BCA if you don't buy it.
An entry level Toyota Aygo (not as high spec. as the Corsa) can be leased for £419.48 + 35 x £139.83 = total £5313.35.
Not all cars work out cheaper to lease but if your looking at [strike]buying[/strike] having the use of a new car it's an option worth checking out for each car you like and comparing it with other ways of financing it.
You just need to train yourself to understand that it doesn't matter if you never own the car.

Note: most lease deals you see advertised will be excluding VAT for business users, private individuals can lease cars, you just need to add on the VAT (by multiplying by 1.175).

danny69

Idiophreak wrote: »

The discussion was about whether or not a new car added to the cost of insurance, assuming like-for-like policies, obviously.

Assume the Nova cost the same as the new car. Would you still only put it on TPFT? (it's blinged to the nines this nova, honest)....Put another way...The 10 year old Nova, of similar cost, on fully comp - is it really going to cost much different to a new low insurance car?

The point in my reply was that the Nova would be worth a lot less, been ten years old. That is why you would go for TPFT. Also, fully comp insurance is out of the reach of a lot of young people, so they would opt for TPFT and therefore a cheaper car. As I said before, the OP isnt interested in peoples views, so what is the point in this thread?