New driver costs up 18% over 5 years
What? That’s right the cost for a new driver has seen it climb over the last five years to a staggering figure of nearly £7,ooo. A rise of 18% in the same period. Why is this and what can you do about it.
Before you can consider buying a car of course you need lessons – how many is a thorny subject in many households but an average bill of £600 is the norm – that’s before you’ve even looked at your own wheels!
Talking of which they are of course the first big cost which on average these days run into a figure just shy of four grand which you or your lovely parents have to stump up. Secondly insurance – young drivers are the most expensive group to insure but at over £2,000 for the first years premium for a 17 year old – or over £180 a month – this is getting to be seriously expensive.
Running costs for the year are equally eye watering with higher road fund for older less efficient cars and of course higher fuel consumption to go with it.
It’s no wonder then that sales of smaller commuter based motorcycles and scooters has been rising in the last few years and they account for nearly 50% of all sales last year.
Many brand new machines come it at under £3,000 with a full two years warranty and often great finance deals to go with. Second hand bikes bought through reputable franchised dealers can often be half this figure and only a few years old. Insurance is equally at odds with those wanting four wheels with premiums often more than half a cars value. Added to this the cost of compulsory basic training (CBT) at £125 and road tax at just £17 getting on two wheels is way way cheaper than a car.
If this wasn’t enough to tempt you to fewer wheels how does 100+mpg sound? Or even 150+?? You could not only save thousands on the training, buying and insuring your transport but also something like £350 a year on fuel*.
So really is there any real debate which is better? A car costing nearly £7,000 or a bike coming in at as little as £2,600. No we thought not either – visit our licence page to find out all you need to know.
*Based on a car achieving an average 35mpg and a 125cc bike doing 100mpg, annual mileage 4,000 miles.