Costs Of Driving Your Car

The Costs Of Driving Your Car

Driving is an expensive necessity in today’s busy life. You have to think of all the expenses that go into your drive, no matter the reason for needing to drive. Whether you are driving for work, pleasure, to support your family, or simply to get from A to B, there are several expenses to consider. If your car could float in a bubble, protected from the outside, and not using any fuel, driving could be a cheaper experience. How can we help you to reduce the costs of your driving?

What are the costs of driving?

Some people might think that when you buy a car, you drive it away, and your financial commitment to your investment is complete. Oh my, that is far from the truth. A car is possibly the first major purchase in someone’s life and should be protected as an investment, but also as a means to live life the way that you want.

Getting your licence

The average cost of getting your driving licence in the UK is around £1,000. You have to pay for lessons, the books, the tests and the additional practice that is required to pass, as well as all the fuel and the additional costs for insuring a trainee, probationary driver.

Loan to purchase the car

Buying a car can be expensive, but getting your finance through the trusted panel of lenders that Match Me works with can help to get you the best offer on the market available to your needs today. We work with a huge range of lenders, so that you can find the best deal, with the lowest repayments, suitable for buying the car that you want.

Insurance and warranty

Once you have your car, you must insure it against theft, fire, damage, and breakdown. It is expensive to maintain a car, even more so if you are involved in an accident or a theft, or your car gets damaged. Insurance is more expensive for first time drivers, so having a smaller car is a way to reduce these costs.

MOT, Servicing and Tax

Your car must be serviced, and be considered “road-worthy” by governing standards. If you do not have an uptodate MOT and service you are at risk of driving a car illegally and getting fined or losing your licence. Tax for a car is an annual expense that must be included in your budget, otherwise, your car can be taken from you until your payments are up to date.

Fuel Costs

The cost of filling up a tank of petrol in 2020 is the most expensive that they have ever been, so buying an electric car, a hybrid or a fuel efficient car is possibly not fashionable and might not turn heads, but it is an essential element of the decision process in which car to buy.

Other Running Costs

On top of the obvious costs above, you also have to take into account the costs of breakdown, repair, parking, and any accessories that you want to add to your new car to personalise the driving experience.

The first thing to look at is how to afford the car, and the team at Match Me Car Finance are here to help you to get the best deal you can for your car today.