Purchasing Your First Car


There’s no denying that cars are expensive, in fact even clapped out old bangers can set you back hundreds of pounds. Top that off with road tax, insurance, repairs and everything else, being a driver doesn’t come cheap. However it really is worth it, the freedom you get from being able to go where you want when you want makes all of the expense and hassle worthwhile. If you’re looking for some tips on how to obtain your very first car, here are some points to consider.


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Save While You Learn
The average learner needs around forty-five lessons to get to test standard- more if you’re not doing any private practice. If you’re doing one lesson a week, this means it will take you just short of a year to learn how to drive. This gives you plenty of time to save for a car while you’re learning. Even if you put a little bit away each week, you should have a good chunk of money when you finally pass.

Get Finance
Car finance is a great way to spread the cost of a vehicle. Instead of buying outright you pay an amount each month which allows you to have a car there and then. There are two main types of car leasing: personal contract hire (PCH) and personal contract purchase (PCP). With PCH you’ll never own the car, at the end of the contract, you give the car back and from there can choose another or go down a different route. With PCP you have the option of buying the car at the end of the contract by making a ‘balloon payment.' You don’t own the car until the last payment is made so it can’t be sold or traded before then, but you know that each payment you make is going towards buying the car to own. Many lenders require you to have a good credit score for you to get car finance. However, there are some options to get car finance with bad credit. You will most likely need to go with a specialist lender, you will pay a higher interest rate, but it can be worth it to have the ability to actually get a car.

See if Parents Will Help
If you’re very lucky, your parents might help you out with your first car. This is useful not only because you have a car to drive now, but you also have something to part exchange in future, so you never need to worry about saving up for the full amount of a car. Your parents are bound to be incredibly proud of you reaching this milestone, and so they may well offer to help you get on the roads.

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Your first car probably won’t be your dream car, but that’s ok. It will always hold a special place in your heart! Your insurance will go down year by year making driving much more affordable, so you could always buy the car you’ve always wanted at some point in the future. For now, something small, easy to drive and not too expensive to buy or run is always going to be your best bet!

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