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Top 5 Tuesdays: Top Used cars for Cash-Strapped Students

August 26, 2014


There’s a lot to consider when buying a car, especially if you’re operating on a budget – such as its size, age, mileage and condition, all of which can seriously affect the car’s price. It’s expensive to own a car, and that’s not to mention running the thing – especially for young drivers – but used cars offer an infinitely cheaper alternative to buying new. If you want to save pennies on your next purchase, take a look at our top 5 used cars for cash-strapped students!

  • Vauxhall Corsa Hatchback – one of the UK’s best-selling cars
  • Skoda Fabia – a supermini to rival all superminis
  • Toyota Yaris – reputation for reliability and low-running costs
  • Kia Picanto – one of the UK’s cheapest cars when new!
  • Renault Clio – perfect for students and first-time buyers


Vauxhall Corsa Hatchback

Throughout the the little Corsa’s timeline, it’s maintained a reputation as one of the UK’s best-selling cars. This car is one of the most refined minis around, with its ample space, leaving more than enough room for four adults – and the boot even features brilliant under-floor storage as required. The entry level Corsa keeps economy in mind, with its frugal 1.0 litre 12v petrol engine helping it to hit 60 mph in 18.2 seconds with a top speed of 96 mph. The hatchback falls into Insurance Category Group 2, with low CO2 emissions of 120 g/km – and you can get your hands on a lovely second-hand Corsa from as little as £4000 – great value considering its impressive package!


Skoda Fabia Hatchback

The Skoda Fabia is a supermini to rival all superminis – essentially a cut-price Volkswagen Polo, as its shares parts with the VW beauty. It’s roomy and practical, with plenty of power for the supermarket runs! The hatchback is so spacious that it can fit up to 5 adults – fantastic for a supermini! The entry level Fabia is kitted out with a lively 1.2 litre 12v petrol engine that hits 60 mph in 16.5 seconds – up to a top speed of 96 mph – with 128 g/km CO2 emissions. You can get your hands on a used Fabia for around £6,500 – which falls under Insurance Group 3, in case you were wondering.


Toyota Yaris

The Toyota Yaris’ reputation for reliability and low running costs cemented its place on our top 5 list. The Yaris boasts more than a few luxuries, kitted out with power steering, mp3/i-Pod connection and electric mirrors as standard. The entry level Toyota comes with a perky 1.0 litre VVT-i petrol engine that’s responsible for a top speed of 96 mph – with the Yaris reaching 60 mph in 15.3 seconds. Fuel economy figures are impressive with 111 g/km CO2 emissions and the Yaris is in Insurance Group 5. For around a competitive £3,800, the nippy little Yaris can be yours.


Kia Picanto

The Kia Picanto ranked as one of the UK’s cheapest cars after its initial release, which makes it ideal for students. This sexy hatchback is a stylish city car that’ll make you the envy of many, thanks to its substantial equipment levels. The Picanto can hit 60 mph in 13.9 seconds and reaches a top speed of 95 mph due to its thrashy entry level 1.0 litre 3-cylinder petrol engine – capable figures for a hatchback! With its delightfully low 99 g/km of CO2 emissions, the classy Kia is even exempt from car tax – what more could you want? The hatchback is in Insurance Group 3 and from just under £4000, you can make this cool Kia your other half.


Renault Clio Hatchback

The Renault Clio is perfect for students and first-time buyers, coming with a decent range of kit and a generous amount of cabin space. The Clio’s black cloth seats, sculptural instruments and chrome accenting indicate a more classy and luxurious little car. Entry level hatchbacks feature a feisty 1.2 litre 8v petrol engine that helps the supermini to achieve a top speed of 104 mph – getting to 60 mph in 15.4 seconds. The Clio is excellent on the fuel economy front, and falls under Insurance Group 2. And from around £4000, you can cruise around in a nippy little Clio of your own.


Whether you’re buying new or used, getting behind the wheel of a new car can be cheaper than you think. If you’re a cash strapped student looking for the perfect car on a budget,the Car Loan Warehouse can help. We’re experts in used car finance and we’ve got the ultimate financing solution, regardless of your credit score. Need a quick quote? Try our online car finance calculator now – just select how much you want to borrow, and how long for. It’s as simple as that. Hashmi

About The Author

Jon Le Roux is co-founder and company director of The Car Loan Warehouse. Being a mad engineering and motorsport enthusiast, I spend more hours than is healthy, watching, reading or talking about cars, boats, motorbikes…..basically anything with an engine.