How to buy your first car

We asked the guys at Go Green Leasing to give us some tips…

We all dream of having our first car, but when you’re dreaming of a Lamborghini, it can be a harsh reality when you wake up to realise you’re probably going to end up with a banger that’s older than you are. 

First and foremost, get your theory test passed and then move onto the final hurdle, the dreaded practical. With only 50% of people passing their driving test first time, don’t be disheartened if it takes you a little longer.

When buying a car, there are three things to consider:

·       Your budget

·       Your insurance

·       What’s the right car for you

When coming up with a budget, you should take into account the running costs of the car too. Petrol prices are rising and filling up a tank is becoming more and more expensive, especially when you’re a new driver and all you want to do is drive, even offering to give your parents a lift to the local pub!

Next on the list is factoring in the cost of road tax. The cost of your road tax will depend on the car’s C02 emissions.

For your first car, you might want to opt for one with a small engine, as these are usually more efficient and cheaper to run. Here, on our website we’ve listed five cars with the cheapest running costs.

Next, you should research the cost of insurance. You can pay yearly or monthly with prices varying on each site. Unfortunately, young drivers are at a disadvantage as no matter how good a driver you are, 17-25-year olds are perceived to be a risk, making costs very high!

Providing you are a sensible driver, you could choose a black box, which can help to significantly reduce insurance costs. This means that your driving habits are continuously monitored, allowing insurance companies to judge what sort of risk you really are.

We all have different tastes in cars – whether it’s colour, style or performance, but try to test drive as many as you can – you need to make a properly informed decision, it’s quite a commitment.

You might want to consider leasing a car, rather than buying one. This is a temporary contract and they are usually for between 12 – 48 months, so every couple of years you can bag yourself another brand-new car - it’s a bit like a mobile phone contract, but remember - you never actually own the car; at the end of the contract you have to give the car back.

You might decide to buy your car outright. If it’s yours and you decide that you don’t want it anymore, or outgrow it you can sell it privately or, part exchange it at a car dealership (your old car can act as a deposit towards a new car).

Although the whole process of choosing and buying a car can be stressful, it’s worth it. The feeling of freedom is priceless…

Here’s to happy driving!

 

 

LifeWeb editor