Have you just passed your driving test? The relief that washes over you as the driving invigilator congratulates you on passing your driving test is overwhelming. It is the knowledge that you now have the independence to get to places without relying on others to transport you there and back.
The average number of first-time pass attempts is 323,798. Whether you are part of this average or it was your second or third attempt, passing your test is a milestone moment. The next step in this process is getting your first car.
Before diving in, here are a few of the costs of getting your first car.
Buying A Car
Of course, buying a car is the main expense involved with getting a car. It is the one you will likely have to save up towards, especially depending on the age, model and brand of the car you want. These factors can all influence the cost of a car, along with the choice of if it is manual or automatic. Consider what your budget is for your first car. Knowing this will help you see what options are available. Many first-time drivers will pick an older second-hand car as their first car. One of the main reasons is that they are significantly cheaper than a new car.
Sorting Car Insurance
After finding your ideal first car, you now have to sort car insurance. Car insurance for a new driver will likely be far higher than for an experienced driver. However, being a young new driver will mean that the premium will be a high price. Spend time comparing different car insurance options. Use online comparison sites to find the best car insurance companies with appealing policies. For instance, Quotezone.co.uk allows you to pick from the best car insurance companies in the UK and their range of policy options. It will help you find the right policy for you at a great price. Comparing options is a little more time-consuming but saving money will be worthwhile.
Paying MOT and Tax
Two costs that you can’t escape are MOT and tax payments. The only way to miss out on paying road tax is if you have an electric car. The amount of tax you pay is influenced by certain factors. These include the date of the car and engine size. When looking at cars, keep these in mind, as it will help you gain an idea of how much you will likely have to pay in taxes for your car. Aside from taxes, your car must go to a garage for an annual MOT. The price of an MOT will vary between garages, and some will offer it at a lower rate than others. However, when your car does go in for an MOT, you might have to pay for repairs or updates your car needs. The final cost can vary depending on what repairs need to be made.
These costs are involved with owning a car in general. However, some of these costs might have a higher price tag due to you being a new driver. Use a car cost calculator to understand how much it will take to own a car. Being prepared and organising your finances before your search will be greatly beneficial. It will help you to reduce any delays in finding and buying a car through to driving it without a teacher by your side. Instead, you can enjoy the freedom of driving your own car. Young drivers should also be aware of the factors to consider once they’ve got their first car as it can be easy to slip the rules sometimes. Check out this article for some helpful tips on making sure you won’t loose your license when your on the road.