Parents funding first cars

Ford Anglia and Vauxhall Corsa
6 Sep, 2012 4:40pm Chris Ebbs

Young drivers rely more on family finance than 50 years ago, and more are buying new, too

More first-time car buyers are relying on mum and dad for financial help than ever.

According to a survey by Aviva Insurance, a third of youngsters in the 2010s get other people to pay for their car. Back in the sixties, it was 20 per cent.

Also, one in five now has their insurance paid for, compared to one in 20 in the sixties. The survey named the most popular first cars over the past 50 years, too, and it’s no surprise more buyers need help.

Topping the sixties list was the Ford Anglia, which cost £610 – the equivalent of £9,822 today. The Vauxhall Corsa, this decade’s most popular first car so far, starts at £9,495. While the Anglia looks like the pricier option, only eight per cent of sixties first-time buyers would’ve bought new, compared to 26 per cent now, the poll claims.

A spokeswoman for the Retail Motor Industry Federation blamed a change in attitude. “It’s the bank of mum and dad,” she said. “But expectations are different: people want something new with air-con and a decent stereo, not a banger.”

Our tables show how the top-selling first cars of the sixties and today compare on kit – and price.

Top car in 1960s Top car in 2010s
Ford Anglia (1960s) Vauxhall Corsa (2010s)
Price £610 £11,625 (1.2 S 3dr)
Engine 1.0-litre 4cyl petrol 1.2-litre 4cyl petrol
Power 39bhp 84bhp
0-60mph 29.4 secs 13.6 secs
Top speed 77mph 107mph
Equipment  Radio, eight exterior colours, screenwash, heater (£14.17 option) Electric windows, central locking, electric mirrors, daytime running lights, CD player, driver’s airbags, power steering

Disqus - noscript

Back in the Sixties it was the parents who would struggle to afford a car, leave alone their kids

the Ford Anglias price was £514,at it's first offering, the mini was £497,

"people want something new with air-con and a decent stereo, not a banger"

Kids these days also want £200 trainers, £100 jeans, £300 playstations and £400 TVs to play them on, £800 laptops, £600 iPads and expect a £10k Corsa when they reach 17!?!?!?!?1

I saved for my first car, 10 years ago in my 20s, a "banger" of a Clio that didn't have air-con and had a tape deck. I put my own decent stereo and speakers on it, serviced and washed it myself, and appreciated it more for what it was!

Hello there,
I'm also a teenager at 15 and to be honest, not all teenagers are like that, I couldn't care less about whether my jeans were a tenner or 100 pounds, and I'd be happy to even get a car when I turn 17!

I'm 17 now and I wouldn't let my parents buy me a car. How are you meant to know the value of things if you're just given them?

I'm 18, and i have a brand new corsa. Officially, my parents are paying for the car. However, this is mainly down to the fact that in order to take advantage of a five year finance plan, a decent credit score is needed (as an 18 year old mine is virtually non-existent), even though i'm spending my own salary paying for fuel, insurance and the car itself. this basically means that although the car is being paid for from my hard-earned, my parents looks as if they own it. Since i reckon i cant be the only person in this situation, then i have a feeling that this data might be slightly inaccurate.