Not only is a car the second most expensive purchase – after a house – that most of us make, it has an ongoing cost in terms of fuel, tax, insurance, maintenance, and more. It can seem less like a means of transport and more like a pit into which you shovel money.
Although we all love to have a nice, shiny car on the drive, there is an alternative and one that can save you money, provided you don’t care what you drive. That’s to buy a banger for a few hundred pounds – make sure you get one with at least six months on the MOT – then run it until it breaks, scrap it, and buy another one.
However, in terms of safety, this is not the best option. You’ll want a vehicle with high quality parts that are in good order. For details on Trailer Parts, contact a site like https://autoandtrailer.com
If you’re not ready to embrace the economics of the banger, you can still save by leasing a new car instead of buying it. You may be surprised to find that car leasing costs less than the payments on a loan to buy a car.
You also have the advantage that maintenance and road tax is usually included in the lease, so you can effectively fix your motoring costs for two or three years. At the end of the contract, you return the car and take out a new deal.
You can’t avoid insurance and fuel whatever you drive, but you can save money by shopping around. The internet is a great help here, and getting a range of insurance quotes is easier than ever. There are even sites that let you find the cheapest fuel locally.