Congratulations, you’ve passed your test!
Posted in: Car Insurance, Driving Courses, Driving Tips, News.
Congratulations, you’ve passed your test! The lessons and pressures have now been replaced by what can only be described as over joyous excitement. The open road and all the possibilities for adventure is now all yours. Or so goes the idea…unfortunately, there’s still one more pretty big consideration: what exactly will you be driving, and what other expenses can you expect now that’s a fully fledged driver? Here’s the low down on some of the crucial need to know details.
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Get Ready for the Insurance Hit
We feel like we have to get this one of the way as early as possible: your insurance is going to be expensive, much more expensive than what your parents might pay for their insurance. It’s not always fair, but it is what it is, and if you want to get on the road in your vehicle (or any vehicle for that matter) then it’s going to have a cost you just suck up and pay. There are many ways to lower your insurance costs, but you should never lie about of your details – it can end up costing you much later on down the line. You’ll also to pay monthly, which should make payments for manageable. The good news is that this is probably the most you’ll ever pay for your car insurance and you should see it decline in time.
The Extras to Consider
Insurance is the biggest financial hit, but there are also a few other essential expenditures that you’ll have to factor into your budget. Your car will also need to be taxed properly; fail to do so and your car will be impounded by the police. There’s also the MOT test to consider. If you buy a new vehicle you won’t have to worry about it for a few years, but if it’s used then you’ll have to get it tested at some point in the next 12 months. Tyres are another big one – ones without the proper amount of tread are illegal, and in any case proper tyres are a foundation for good driving – check out Wiltshire Tyres to get yours replaced. Finally: petrol. It’s not cheap and can be a big weekly addition to your budget.
Buying Used v Buying New
Whether you buy your first car new or second hand will depend on your financial situation and preferences. There are advantages to both. If you buy new, you’ll have the peace of mind of owning a car that has the latest safety details and other features. They also incur less costs and can give better value for money on a day to day basis (better MPG, for instance), however they’re also expensive, especially if you buy on finance. Used cars, meanwhile, are cheaper, and the number of cars available means you can also get a good deal (and there’s options to haggle, too). That being said, they’ll prone to breaking down and might need work done to them on a regular basis, which might mask the low startup cost.
Tags: Buying New, Buying Used, financial hit, insurance, Insurance Hit, Used cars
