Do you want to get the Best First Car to Buy? Just like buying other stuff, the first thing you need to consider is the budget. Your budget will be spent on many different things. Yes, buying a car means you need to spend on a lot of things. Here are the budget parts you need to consider for your first car.
- Purchase price – it is the basic budget consideration you need to consider. Find the car at the price your budget can afford.
- Car insurance – you need to get it once you bought your car. So, put it into your budget plan. Moreover, if you have no driving experience before, mostly the insurance will be more expensive for you. The younger driver under 25 years old also needs to pay more for the insurance.
- Road tax – you also need to pay this tax. If you get the Vehicle Excise Duty (VED) Band A car, or electric car, you can be exempted from this tax.
- MOT test – you need to pay for this maintenance test once your first car is three years old. However, considering this expense earlier is a good thing to do. You will know how much budget you need to prepare. Moreover, the maintenance costs you need to spend during those three years also need to be calculated.
- Fuel – this is also an important thing. Maybe, your first car will become the first thing where you need to spend your money regularly. So, make sure you have enough budgets for this matter. That way you can avoid running out of a gas problem that most of the first driver experiences with their first car.
- Loan or cash – consider how you will pay your first car. The loan is a good choice if you have a good credit score and have a steady income to pay your debt. However, if you don’t have that kind of money, you can pay in full. That way you don’t need to worry about debt anymore.
The Bottom Lines
In short, when you want to get the Best First Car to Buy, make sure you have considered all those factors. Once you are done with the budget, you can then move to the next thing, which is picking the car you want to buy. If you can plan your budget, you can even choose the car that you like. And, that will be the real best first car you can have.