With Joshua starting college again this week we had to make a decision regarding whether he continues using the bus/train like last year, or whether to sort out a car given that he has now passed his driving test. It didn't make sense to put him on our insurance on the Fiesta as the premium was too high and it would have meant he doesn't accumulate any no claims discount.
So that left us with two options. Option 1 was to give him an advance to buy a car of his own and then him to pay us back when he gets his trust fund on his 18th birthday. Option 2 was similar only instead of buying another car we sell him the Fiesta (at a discounted parent rate) and put me and Tina on as named drivers so that on the off occasion when we need two cars - we can still drive the Fiesta.
I was completely sold on either option but I couldn't put by finger on why it didn't feel right. So after several discussions we decided on Option 2 and the Fiesta has now been transferred to Joshua's ownership and is thus his first official car. Oddly enough by adding me and Tina as named drivers on his policy seemed to reduce his premium. At least with option 2 we know he has a very good, very reliable, low mileage car that if he takes care of, should last him several years.
In the first few days having the car was very much a novelty and Joshua was off out driving here, there and everywhere. Meeting his mates, driving out to get breakfast etc.etc. It has been weird seeing him drive himself off to rugby training as for many, many years that has always been my job to run the kids to after school clubs. Anyway at least he has a car now and will be able to drive to Chelmsford college which also means I do not have to be late for work in order to drop him off at the station.
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You would think he would look a bit happier as we have just sold him a very good car at almost half market price! |
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Very odd feeling seeing him drive himself off to rugby! |