1. COST (NOT JUST THE CAR!)
There are two types of costs that you need to budget for when purchasing a car: upfront and ongoing. A few costs to consider are:
- The upfront cost of the car, whether it be the whole cost upfront or a finance deal
- Finance repayments - If you've taken a personal loan, or dealer finance, you'll need to factor in repayments
- Annual Road Tax
- Other spending such as new tyres, repairs and valets
It all adds up considerably, so make sure there’s some breathing room in your budget.