Keeping a car for your kids

Keeping a car for your kids

Author
Discussion

LeeThr

3,122 posts

172 months

Wednesday 21st March 2012
quotequote all
kayzee said:
carguy88 said:
Frances The Mute said:
LotusOmega375D said:
I see these threads on here about what cheap car for my 17 year old etc. and cars like 15 year-old hatchbacks often get mentioned. Indeed I see young drivers in these kinds of car every day, so they must be sensible options, regarding insurance etc.

Anyway, buying any 15 year-old car has its risks. So this has got me thinking. My wife has a 2006 Grande Punto, which would be 16 years old by the time our eldest is old enough to start driving. Mileage-wise I would expect it to be around 65,000 by then. We're the second owners and have owned it for 3 years. It has FFSH and has been well-looked after.

The wife is happy pootling around in it, so should we keep and run it all that time and then give it to the kids when they're old enough (assuming it doesn't get written-off in the meantime), rather than selling this car and then going out and buying them a different one of a similar age? Better the devil you know? Has anyone on here kept a car for their kids over a period of year in this way?
Bad example of a small hatch car to keep.

Good example? Pug 106GTi
Insurance on a 106 gti for someone who is around 18 would be almost £3000

The punto, being a 1.6 would be less than half that I assume...
Isn't a 106 GTi a 1.6 as well?
Teehee, im 18 and have a 206 GTi which is a 2.0l and a few insurance groups higher and only pay £1500 in my own name for insurance :P

SEE YA

3,522 posts

246 months

Wednesday 21st March 2012
quotequote all
Well that is my plan as well, when I think he will be at the right age to look after it.

However time will tell, he may say I do not want it Dad HA!!!!!!

YeahYeahWhatever

650 posts

207 months

Wednesday 21st March 2012
quotequote all
6hrs in and no one has been demanding pics of the OPs other half draped over the Punto?!

LeeThr

3,122 posts

172 months

Wednesday 21st March 2012
quotequote all
YeahYeahWhatever said:
6hrs in and no one has been demanding pics of the OPs other half draped over the Punto?!
From the sounds of it, she's not long had a kid so probably wouldnt make for the type of photo your suggesting just at the moment.

Yachtworker

1,248 posts

156 months

Wednesday 21st March 2012
quotequote all
Dad kept an old Morris 1000 in a garage for 15 years for me to have, worked out really well when I was 17 back in 92. Living in Cornwall with next to no busses etc in the area it was a mission to get me driving asap, in order to stop being a Taxi.

pistonhed

62 posts

149 months

Wednesday 21st March 2012
quotequote all
best thing to do is let them but their own car, and insure it...your probobly reducing the chances of them crashing it than if they get something handed to them, no matter how old it is.

I'm 19, bought my first car for £480 (1995 peugeot 306 D-turbo) and paid a lovely 2600 to ensure it; and that was insurance group 6! still i was happier driving that than the brand new 1.2 /1.4 modern hatchbacks that other mummy's and daddy's had forked out for:-)

easy to run/easy to work at and looked the part. actually still have it although im driving a passat. lo ved the car because it was my own and i had worked for it..so treated it with respect!

keith9849

97 posts

146 months

Wednesday 21st March 2012
quotequote all
If YOU like the car, keep it for yourself. Kids have their own ideas about what's cool and what's not.

Having said that I'm hanging on to a 1990 Toyota MR2 turbo because my son, who's 20, has been hankering after it since he was 12. I keep telling him he won't get insured until he's 50, but will he listen?

veryRS

409 posts

146 months

Wednesday 21st March 2012
quotequote all
Personally I wouldn't bother. We've just had to buy a first car for our freshly minted 17 year old driver in the family.... Our criteria was:
-super cheap to buy
-super cheap to insure
-a total bag of crap that no one would care if it got scratched, bumped and generally abused and therefore would not attract any form of insurance claim at all no matter what unless a third party was involved.
-is barely capable of attaining the national speed limit.
-would last a year. Or until the mot ran out.
-would not require the attention of a garage.

There were endless examples available that met all the above for under a grand.

Benbay001

5,801 posts

158 months

Wednesday 21st March 2012
quotequote all
As someone who is young and spritely, i can assure you i wouldnt want the car my mum has owned for years, even if it was handed on a plate. In fact, i was given my mums rav-4 and sold it within a couple of weeks (she knew my intentions before she gave me it).

43034

2,963 posts

169 months

Wednesday 21st March 2012
quotequote all
carguy88 said:
Insurance on a 106 gti for someone who is around 18 would be almost £3000
rofl

And the rest!!

Raize

1,476 posts

180 months

Wednesday 21st March 2012
quotequote all
43034 said:
rofl

And the rest!!
By my calculations the cost of insuring a 106 GTI in 16 years will be £76,400 if current trends continue.

Toaster Pilot

14,621 posts

159 months

Wednesday 21st March 2012
quotequote all
The car is already 6 years old so 10 years not 16.

veryRS

409 posts

146 months

Wednesday 21st March 2012
quotequote all
Benbay001 said:
As someone who is young and spritely, i can assure you i wouldnt want the car my mum has owned for years, even if it was handed on a plate. In fact, i was given my mums rav-4 and sold it within a couple of weeks (she knew my intentions before she gave me it).
My wife drives an Ibiza cupra. There's no way our kids are getting it.

vrooom

3,763 posts

268 months

Wednesday 21st March 2012
quotequote all
sjg said:
My first car was the Fiat Uno that my parents had bought new in 1986, so it was 11 years old by the time I started driving.

God knows what a 17 year old will pay to insure anything that far down the line. I'd keep it though, not necessarily for your offspring, but if she's happy with it and it's doing the job OK then it's not really costing you much. If it makes it to 16 years old (and if looked after, it should) and you can pass it on, well that saves buying something else.
I am same, My parent bought white fiat uno 999cc and passed onto me when it done 125,000miles. great car!!