What first car to buy?
How much should you spend on buying your first car?
Barring exceptions or privileged financial circumstances, young drivers do not buy a new high-end vehicle as soon as the license is in their pocket.
Whether it’s a gift from a third party or a personal purchase, the budget spent on your first car is generally less than 5,000 €. Most young people who do not have a large income even limit their purchase cost to € 2,000. At this price, it is therefore obvious that the vehicle will be not very recent and, in the majority of cases, will display a mileage greater than 100,000 km.
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The booming second-hand market
In recent years, the second-hand market has exploded considerably. 30 years ago, 10% of young people aged 18 to 25 opted for a used car. Today, 95% of this age group are attracted to this type of vehicle. This enthusiasm for the occasion is of course the consequence of the high prices of new cars. You should know that the car listed on argus loses 15 to 20% of its value in the first year, then 10% per year; this is an advantage for those who do not want to invest a lot of money in a car.
Second hand car
The choice of engine, gasoline or diesel , is no longer an obstacle when you want to buy your first car. In fact, the difference, both in terms of the purchase price and the cost of fuels (gasoline or diesel), is now minimal. Note, however, that a diesel vehicle will then cost much more in maintenance than a gasoline vehicle. On the other hand, the service life of the diesel engine is longer.
Concrete and telling examples
It is possible to afford a city car with between 50,000 and 100,000 km, from 7 to 10 years old, for a price of 4,000 €. This is an attractive price compared to the cost of a new vehicle of this type, which is between 15,000 and 20,000 €. Among the used cars most bought by young drivers, at low prices, we can mention Renault Twingo, Volkswagen Polo, Peugeot 206, Citroën C1, Nissan Micra, Toyota Yaris or even Renault Clio, Fiat Panda and Opel Corsa.
A new compact vehicle has a price of 25,000 to 30,000 €. It takes an average of 5,000 € to acquire a second-hand vehicle from this range when it has traveled between 80,000 and 120,000 km and is in the 2007-2008 vintage. For small budgets, we will tu