Finding the right car which you can fund without a struggle during your freshman year can be a challenge. When you’re already budgeting, making sure that not only the purchase of the car is affordable but also the tax and insurance is within your budget is important. Here, we’re taking a closer look at some of the most affordable cars that you should opt for if you’re a student on a budget.
There are a great number of exceptional Honda vehicles on the market, with plenty of models suitable for all age ranges. However, many college students may be surprised that this particular brand tops the list, when purchasing the car outright isn’t always the cheapest option out of every car manufacturer on the market. However, we’re not just looking at the purchase price. Honda is renowned for offering an incredible level of reliability, meaning repair costs can be kept to an absolute minimum. In addition to this, if you opt for the Civic make, you can enjoy an impressive MPG. Tax is also relatively low on this particular vehicle, and this is the case for most other models too.
If you’re a first-time insurer, then you’re going to want to take a look at cars which are situated within insurance group 1. This particularly compact car is relatively cheap to purchase even brand new, with prices sitting at around £8,500. The i10 is easy to drive and easy to park, which is particularly useful in busy city areas.
The Dacia Sandero can provide you with an exceptionally cheap yet reliable option as a first-time driver. It is officially Britain’s cheapest car model, with nearly new models available on a £5k budget. In addition to this, you can benefit from opting for models within insurance group 2, helping to keep the costs low. Tax is also relatively cheap on this particular car, with the 0.9 TCe Ambiance 5d model sitting at an annual road tax price of just £30.00.
If you’re searching for a car that many drivers opt for when on a budget, then turn to the Vauxhall Corsa. While a brand-new model can be typically expensive, if you choose an approved-used one, you should be able to find a car within £3,000, which is post-2010 and has also covered less than 50,000 miles (if you’re lucky). The Vauxhall Corsa is even situated within insurance group 1 and 2!
1.2-litre models such as the Fabia Classic, Silverline and Blueline models are some of the most affordable. Not only are they situated in insurance group 2 (the second cheapest insurance group), but you may even be able to pick up a 2006 model without even touching £1000! CO2 emissions sit in Band D, and while annual road tax is a little more expensive because of this, sitting at approximately £115.00, the Skoda Fabia’s low purchase cost more than makes up for this.
As you can see, there are plenty of options as a new driver or college student looking to purchase and run a car on a budget, meaning you can get on the road, no matter what!