Spending Planner

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.

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