Driver Hub  Owning a car  Buying and selling   How much will my first car cost?
Stacked money on table
We Are Marmalade profile

We Are Marmalade

February 5, 2018

Owning a car 3 min read

You’ve passed your test – congratulations! Now, you want to get your hands on your own set of wheels, understandably.

We’ve pulled together a list of prices to keep in mind when getting your own car, so you can work out which is the best route for you to take.

The car

As you know, a car can cost you anywhere between £100 and £20,000+ – so we can’t really add this price to our calculations. To keep on the track of saving money on your driving journey, it’s worth checking out the different costs of running a new and used car, as well as the cars insurance group.

Insurance

Again, prices for insurance can vary – a lot. It is always worth getting a quote for insurance on a car before you purchase it. Whilst insurance for new drivers can be expensive, having a black box in your car is the perfect way to keep costs as low as possible. There’s a lot of misconceptions about having a black box in your car, but you should know that it does nothing besides keep you safe on the road and keep your premiums low – winner winner! Don’t forget, sometimes older cars can be more expensive to insure. You may see it has a cheaper price tag than a new car, but it could cost you more in the long run.

Fuel

You mean we have to pay more to make the car go?! Unfortunately, yes! If you’re looking to save money here, getting a car with a smaller engine is a good place to start because it won’t drink as much fuel. Also, check the Miles per Gallon on cars you’re considering. The higher MPG, the lighter it will be in your pockets.

Car maintenance

We can’t really calculate how much your car is going to cost you to maintain because there is no way of knowing if anything in or on your car will need fixing or replacing. This is a cost that you should just be prepared for, in case something does go wrong.

MOT

The maximum cost for an MOT is £54.85 and should take on the anniversary of its last MOT if it’s over 3 years old. If you decide to get a brand new car, you won’t have to worry about that MOT cost for a while, so we won’t add it in 😉

Can’t afford your own car when you pass?

It’s not uncommon to not be able to afford your own car straight after you pass. After all, finding and paying for a car is something that takes planning and saving. That being said, you’re going to want to jump behind the wheel as soon as you pass! Instead of waiting around to get your own set of wheels, you can bridge the gap by getting cover on a parents car – just until you get your own ride – of course 😉

Do you know of any other costs that you need to factor into your driving journey? Head over to our Facebook page and let us know!

Cars for Young Drivers→

Check out our range of brand new cars and finance offers to suit you!

We Are Marmalade profile

By We Are Marmalade

'We champion young drivers with award-winning low cost insurance for learner and new drivers and a great young drivers' car scheme.'  See more posts by We Are

Share this article

Ariel shot of yellow car
News 6 min read

10 of the world's most bizarre driving laws

Holly West-Robinson profile

Holly West-Robinson

September 13, 2017

The laws in some countries do make you wonder what an earth they were thinking when they came up with such unusual motoring regulations!Read more

Car with full beam lights on
Owning a car 3 min read

How to replace a headlight bulb

Chloe Martell profile

Chloe Martell

November 27, 2018

You’re driving along, and you realise your headlight has gone – damn! So what do you do? Pay over the odds for a garage to fix it? Call your Mum in a panic? You could…Read more

Young girls jumping on beach free for summer
News 9 min read

Get set for a summer of freedom!

Chloe Martell profile

Chloe Martell

June 24, 2019

Nothing beats the feeling of summer – when the shackles of school, uni or work are cast aside; possibilities are endless, and the world (or at least the country) is your oyster. 56% of you…Read more