Buying a car

For many of us, buying a car is probably one of the biggest purchases we will ever make. There are plenty to choose from, whether you’re buying new or second hand, and at a variety of prices. It’s a good idea to think things through, as there’s more than the initial cost to think about, such as car tax, insurance, servicing and repairs. Here are some useful tips to help you get started.

Can you afford it? >

Work out your budget to make sure you can afford the initial and ongoing costs.

How to pay >

There are lots of ways you can cover the cost of buying, some more expensive than others. Find out which method is right for you.

Initial costs >

It’s not just the cost of the car you have to think about. Don’t forget the road tax, MOT and insurance.

Other running costs >

You will also need to keep your car going, so remember to consider other regular costs such as fuel and maintenance.

Insurance >

As well as motor insurance to keep your car on the road, you may be offered, or you may want to consider taking out further insurance, for example Payment Protection Insurance (PPI) or breakdown cover.

ref: moneymadeclear.fsa.gov.uk/guides/everyday/buying_a_car.html