Over a quarter of parents give children first car | Tech News

A new examine has discovered that more than a quarter of UK parents reward their little one a car as soon as they obtain their driving licence.

According to a survey of 11,000 Brits, 26 p.c acknowledged that their first car was a current from their parents, both as a reward for passing their driving check or a birthday current.

James Hosking, Director of AA Cars, famous that the increase in gifted automobiles may very well be due to the value of dwelling disaster, with many younger motorists discovering it more and more more costly to get on the highway.

He defined: “Getting on the road has become a significant financial hurdle for young drivers today. With the cost of living at record highs and the average price of a new car well above what previous generations paid, many young drivers face an uphill struggle to afford their first car without family support.

“Not everybody has the privilege of being gifted a car, however our analysis reveals that parents usually attempt to lend a serving to hand — even when it is simply contributing to a portion of the price.”

In addition to the numerous motorists who obtained their first car as a reward, 34 p.c of respondents acknowledged that they obtained some financial assist from their parents to get on the highway.

This is especially outstanding given the rising value of getting on the roads, with Driving Test Success claiming that the average learner spends more than £1,000 in classes and their examination.

Whilst the everyday value of insurance coverage is falling within the UK, inexperienced drivers additionally face eyewatering quantities to get cowl, with earlier research stating that new motorists sometimes pay £1,800 for his or her premium.

With the price of getting on the highway being significantly high, it’s more important than ever for learner drivers and their parents to make knowledgeable selections when shopping for a first car, with particular fashions being out there for low costs and that includes low cost insurance coverage.

One model that’s significantly inexpensive to buy and run is the Toyota Aygo, which was additionally offered because the Citroen C1 and Peugeot 107 between 2005 and 2014.

In addition to being significantly inexpensive, with examples out there from round £1,000, the 1.0-litre engine can simply obtain over 50mpg and, in particular variations, additionally sits within the lowest insurance coverage group.

Motorists searching for a little more practicality from their first car also needs to contemplate the second-generation Fiat Panda, produced between 2004 and 2012.

Despite being long within the tooth, the Panda’s boxy styling and 5 doorways provides a lot of space for passengers and their baggage, whereas the 1.2-litre ‘Fire’ engine provides a good mix of low-range efficiency and fuel financial system.

Like the Toyota Aygo and its stablemates, the Active and Active Eco variants of the second-generation Fiat Panda are in insurance coverage group one, making it amongst the most cost effective automobiles to get cowl for.