Here's what it actually costs
Buy a car
Estimated cost:
Actual Cost
£5000
Breakdown
1. Cost of car: £3000
2. Insurance: £1250
3. Tax: £225
4. Maintenance and fuel: £525
New cars can cost anything from around £6000-£60000 or more, so it’s worth considering buying second hand.
Used cars can start from as little as £800, but may cost more to maintain. A budget of £5000 will cover a car at £3000, insurance for under 25s at £1250, tax at £225, as well as maintenance and fuel for a year or so.