Should I Sell My Car?
Discussion
So, the clutch has just gone on my car. It's only worth about £500 when fully working. I wasn't planning on keeping it after the insurance runs out (5 months away), because I now live within cycling distance of work. So should I keep it until the insurance runs out? Because at 19, I would like as much NCB as possible, but is it worth paying £260 a month to insure a car I don't use, just for a years NCB?
Or should I just sell it now for what it's worth? (hopefully about £200)
Thanks in advance for any suggestions.
Or should I just sell it now for what it's worth? (hopefully about £200)
Thanks in advance for any suggestions.
Unless you're mechanically minded and the parts are cheap then keep it otherwise get rid and buy another shed.
How much would 1 years NCD be worth to you? Go on a comparison website and fiddle with the figures to give you a rough idea on how much your insurance may go down but £260 a month is a lot of money to potentially waste for the sake of what may be only slightly cheaper insurance next year.
ETA - beaten to it!
How much would 1 years NCD be worth to you? Go on a comparison website and fiddle with the figures to give you a rough idea on how much your insurance may go down but £260 a month is a lot of money to potentially waste for the sake of what may be only slightly cheaper insurance next year.
ETA - beaten to it!
deveng said:
Get some comparison site quotes for yourself as a 20 y/o with your current NCB and with one year extra. I it is consistenly cheaper by £1300 then keep on paying the insurance. Otherwise £260 a month is a huge wedge of money for 5 months of your not using the car.
I knew someone would do the maths!How about buying a ropey very-cheap-to-insure car to build up the NCB? A 1.0 Corsa with a week's MOT left or something? SORN it, but keep it insured (on your current policy - get a quote for the change in car before buying obviously!) and build up your NCB.
The difference is £1900. But would I also not get more money for the car now, when it has 6months T&T? Rather than when they've all ran out? And if I'm honest i can't really afford to get the clutch fixed, I've heard quotes or £200-£300, can't afford that because nearly half my wage goes on insurance.
Oh and HereBeMonsters, the car is a little 1.1 sh!tbox to get me some NCB, just don't need to use it anymore
Oh and HereBeMonsters, the car is a little 1.1 sh!tbox to get me some NCB, just don't need to use it anymore
Farrant said:
The difference is £1900. But would I also not get more money for the car now, when it has 6months T&T? Rather than when they've all ran out? And if I'm honest i can't really afford to get the clutch fixed, I've heard quotes or £200-£300, can't afford that because nearly half my wage goes on insurance.
Oh and HereBeMonsters, the car is a little 1.1 sh!tbox to get me some NCB, just don't need to use it anymore
If it's going to save in the region of £2000 next year then sell the car and keep paying the insurance. Ring the insurer to tell them you are doing much lower mileage to see if there is any reduction in premium.Oh and HereBeMonsters, the car is a little 1.1 sh!tbox to get me some NCB, just don't need to use it anymore
Farrant said:
The difference is £1900. But would I also not get more money for the car now, when it has 6months T&T? Rather than when they've all ran out? And if I'm honest i can't really afford to get the clutch fixed, I've heard quotes or £200-£300, can't afford that because nearly half my wage goes on insurance.
Oh and HereBeMonsters, the car is a little 1.1 sh!tbox to get me some NCB, just don't need to use it anymore
£200 to get a clutch done? Blimey. Do it! Will be the cheapest one you'll ever buy.Oh and HereBeMonsters, the car is a little 1.1 sh!tbox to get me some NCB, just don't need to use it anymore
(I just spent £700 getting mine done.)
But I won't be using the car after the insurance runs out. I won't be using any car, just for a couple of years while I'm at this job. I'm trying to wean myself off cars anyway, the way I see it, by the time I'm old enough to afford to run/insure/buy something exciting petrol will cost too much anyway, but thats for another time.
I'll probly just keep the car, hopefully it'll mend itself (it's done it before lol)
I'll probly just keep the car, hopefully it'll mend itself (it's done it before lol)
Farrant said:
But I won't be using the car after the insurance runs out. I won't be using any car, just for a couple of years while I'm at this job. I'm trying to wean myself off cars anyway, the way I see it, by the time I'm old enough to afford to run/insure/buy something exciting petrol will cost too much anyway, but thats for another time.
I'll probly just keep the car, hopefully it'll mend itself (it's done it before lol)
Oh, well in that case, shop it in now and cash in the tax. Your accrued NCB won't be valid that far in the future.I'll probly just keep the car, hopefully it'll mend itself (it's done it before lol)
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