dubslife, I have to ask a)How old are you? b)How long have you been driving? c)What insurance company are you with? 400 a month sounds extremely excessive and I do mean extremely. I have 5 years ncb and 5 years of driving and I pay £59 a month. Though I'm kind of in the same situation as you with regards to income, rent and being a student in part time work. I'm only 22 though. £4800 a year sounds too steep. It's expensive for parts too. Unless you change your insurance company for a cheaper one, I'd buy the car, sorn it, and wait for funds.