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Top 10 Cheapest Cars for Young Drivers

TOP 10 CHEAPEST CARS for Young Drivers Rocketing costs mean it's not an easy time to be a young driver - indeed, things are so bad that an increasing number of young drivers are being forced to shelve their plans to hit the road altogether. But a young driver's choice of car can have a significant impact on his or her ability to get behind the wheel. That's why MoneySupermarket and DriversEdgeUK have teamed up to pick 10 of the cheapest cars for young drivers in terms of annual running costs. So here's a look at what an 18-year-old who's recently passed their test could expect to pay... The Seat Mii won the 2012 MoneySupermarket Car of the Year Competition SEAT Mii TAX GROUP B (£20/12 MONTHS) MIIOS PRICE £8,995 MONTHLY PURCHASE FEE £79 /month with free insurance Free MPG ANNUAL CAR INSURANCE £2,068.11 car insurance only available to drivers over the 62 INSURANCE GROUP ANNUAL FUEL COST £903.43 age of 21 MONTHLY COST £346.63 ANNUAL COST £4,159.54 Ford KA PRICE £7,975 Ford cars have the cheapest average repair costs according to Warranty Direct MPG MONTHLY PURCHASE FEE 57 £79 /month for Ka studio 1.21 ANNUAL CAR INSURANCE £2,198.54 INSURANCE GROUP TAX GROUP ANNUAL FUEL COST C (E30/12 MONTHS) £982.67 MONTHLY COST £374.10 ANNUAL COST £4,489.21 HYUNDAI ÍIO Low running costs and monthly purchase TAX GROUP A (Free Road Tax!) costs PRICE £6,995 MONTHLY PURCHASE FEE £99 /month with 5yr warranty MPG Has the ANNUAL CAR INSURANCE £2,834.70 best average fuel economy figure of 67 INSURANCE GROUP ANNUAL FUEL COST any car on the list £836.01 MONTHLY COST £404.89 ANNUAL COST £4,858.71 Peugeot's 'Just Add Fuel' offer is not available to all ages. This deal is available for £195 for 21 year olds, but not available to drivers below this age. PEUGEOT 107 PRICE £7,195 MPG MONTHLY PURCHASE FEE 61 £149 /month with Just Add Fuel The 107 is in ANNUAL CAR INSURANCE £2,198.54 INSURANCE GROUP car tax group A, which means that it TAX GROUP ANNUAL FUEL COST is exempt from road tax charges A (Free Road Tax!) £918.24 MONTHLY COST £408.73 ANNUAL COST £4,904.78 TOYOTA I Q Toyota is the 3rd most reliable manufacturer on the road according to Warranty Direct TAX GROUP B (£20/12 MONTHS) PRICE £10,995 MONTHLY PURCHASE FEE £139 /month with 5yr warranty MPG ANNUAL CAR INSURANCE £2,198.54 64 INSURANCE GROUP ANNUAL FUEL COST £875.19 MONTHLY COST £415.14 ANNUAL COST £4,981.73 Ford esta Most popular PRICE £9,695 new car in MPG MONTHLY PURCHASE FEE terms of sales in the UK 49 £109 /month for Fiesta Studio 1.251 ANNUAL CAR INSURANCE £2,339.42 INSURANCE GROUP ANNUAL FUEL COST £1,143.11 TAX GROUP C (£30/12 MONTHS) MONTHLY COST £429.21 ANNUAL COST £5,150.53 VAUXHALL CORSA JNN 400 TAX GROUP Most popular car on the road according to data from Money Supermarket C (£30/12 MONTHS) PRICE MONTHLY PURCHASE FEE £9,495 £149 /month for Corsa S 1.01 EcoFlex MPG ANNUAL CAR INSURANCE £2,105.96 55 INSURANCE GROUP ANNUAL FUEL COST £1,018.41 MONTHLY COST £439.36 ANNUAL COST £5,272.37 Volkswagen Polo PRICE £10,650 More expensive Bluemotion model has an average MPG of 80.7 MPG MONTHLY PURCHASE FEE 51 £145 /month with 3yrs servicing INSURANCE GROUP ANNUAL CAR INSURANCE £2,274.92 TAX GROUP ANNUAL FUEL COST £1,098.28 B (£20/12 MONTHS) MONTHLY COST £446.10 ANNUAL COST £5,353.20 Placed in a RENAULT twingo higher car insurance group than any other car on the list TAX GROUP C (£30/12 MONTHS) PRICE MONTHLY PURCHASE FEE £149 /month with 4yr warranty £10,550 The car insurance MPG ANNUAL CAR INSURANCE £2,834.70 group a car is assigned to has a significant impact on the premiums on offer. The higher the group, the more expensive the premium. 55 INSURANCE GROUP ANNUAL FUEL COST £1,018.41 MONTHLY COST £500.09 ANNUAL COST £6,001.11 RENAULT Clio PRICE £11,995 Renault Clio finished a credibitable 26th in Warranty Direct reliability index MPG MONTHLY PURCHASE FEE £179 /month with 4yr warranty 51 INSURANCE GROUP ANNUAL CAR INSURANCE £2,629.31 TAX GROUP ANNUAL FUEL COST £1,098.28 E (£125/12 MONTHS) MONTHLY COST £614.63 ANNUAL COST £7,375.59 We have already found that there is an annual running cost difference of over £3,200 per year for the ten cars which have been selected for this list. So car choice can obviously have a significant impact on annual running costs for young drivers. However, there is a joker in the pack. The annual cost of owning a Honda CBR125R motorbike is actually close to £1,500 less than that of the cheapest road car. This owes largely to the insurance saving; with car insurance generally being significantly more expensive than motorbike insurance. HOND A CBR PRICE MONTHLY PURCHASE FEE £3,499 £100 /month over 35 months Initial purchase cost includes road MPG ANNUAL INSURANCE 94 £876.19 tax INSURANCE GROUP 6 out of 17 ANNUAL FUEL COST £595.88 TAX GROUP Class 17 ANNUAL ROAD TAX £17.00 MONTHLY COST £224.10 ANNUAL COST £2,689.07 REFERENCES www.seat.co.uk/content/uk/brand/en/models/mii/discover. html?seacmp=Sl_506347778_27770516470_1 www.ford.co.uk/Cars/CarPromotions/KAPCH www.peugeot.co.uk/showroom/107/5-door/#! www.peugeot.co.uk/just-add-fuel-107/ www.toyota.co.uk/cgi-bin/toyota/bv/frame_start.- jsp?id=CC2-iQ-landing&gclid%=DCJqTy4yjmrcCFZIPtAodgjgA-g www.renault.co.uk/cars/model/new-clio/pricesandspecs.aspx www.renault.co.uk/cars/model/new-clio/product.aspx www.vauxhall.co.uk/vehicles/vauxhall-range/cars/ corsa-range/index.html www.vauxhall.co.uk/vehicles/vauxhall-range/cars/cor- sa-3-door/offers-and-benefits/private-buyer.html www.ford.co.uk/Cars/Fiesta www.ford.co.uk/Cars/CarPromotions/Fiesta www.ford.co.uk/Cars/CarPromotions/Ka www.volkswagen.co.uk/new/polo-v/home www.volkswagen.co.uk/buying-guide/offers/polo-v www.renault.co.uk/cars/model/newtwingo/product.aspx www.renaultretail.co.uk/cars/new/twingo/ www.hyundai.co.uk/offers www.parkers.co.uk/cars/insurance/car-insurance-groups/ carfueldata.dft.gov.uk/search-new-or-used-cars.aspx www.parkers.co.uk/cars/reviews/facts-and-figures/ www.fuel-economy.co.uk/calc.shtml www.honda.co.uk/motorcycles/125cc/#!/cbr125r/ www.motorcyclenews.com/MCN/bikereviews/searchresults/ Bike-Reviews/Honda/Honda-CBR125R-2011-Current/ www.wheels.ca/news/hondas-cbr125r-may-be-an-ideal-starter-bike/ www.carfueldata.dft.gov.uk/new-vehicle-tax.aspx MoneySupermarket co driversedgeuk.com

Top 10 Cheapest Cars for Young Drivers

shared by Moneysupermarket on Jun 05
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Whether you agree with the reasoning or not, young drivers pay significantly more for car insurance than older motorists because they are more likely to be involved in accidents and make claims. If ...

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