Although a micro-car might seem affordable, to many students and other young adults, even a less than $15,000 investment can be quite a hurdle.
Research conducted in the UK has found then that the Suzuki Celerio makes the most sense for younger car buyers for two reasons – it’s the cheapest new vehicle to own and run and also holds its value well.
The findings, from new car data analysts at hpi, correlates with similar findings in Australia in recent years that the Suzuki offering (and the Alto before it) is consistently the cheapest new car to own and run.
“The Suzuki Celerio came out top in our best buy survey with a total cost of motoring of £7,099.95, this includes everything from the cost of the vehicle itself and servicing and road tax to insurance and fuel costs,” says Philip Nothard, retail specialist at hpi.
The research also found that younger drivers, those aged between 18 and 24, are also the most likely car buyers to pay too much for a used vehicle.
Rushing into the decision seems to be where these novice car buyers are coming unstuck, according to Philip.
“The key thing to remember when buying or selling a car is to always do your homework,”
“f buying a used car privately, find out what you should be paying and do the necessary checks to find out how many keepers it has had, whether there is a mileage discrepancy, if it’s ever been stolen, involved in an accident or even written off.
“It really does pay to be thorough.”