Buying your first car is a very exciting time for anybody. You’ve finally passed your driving test, and you’re ready to get out on the road, behind the wheel and savour the sweet taste of independence. However, there’s no denying that buying your first car can be insanely expensive. Not only do you have to think about inflated insurance prices for new drivers, but there are also maintenance, breakdown, and fuel costs to consider – and that’s before you’ve even bought the car! So, what can you do to save money when buying your first car? Here are some tips to keep in mind.
Shop Around for Insurance
Spend some time shopping around for insurance to find the best quote for you. Bear in mind that since you are a new driver getting your first car, it’s going to be difficult to find something that’s really cheap.
There are also lots of factors that can affect the price of car insurance, such as your hometown, your job, and your age. It might help to insure an older, more experienced driver like a parent as a named driver on your policy.
Black box insurance is often cheaper, but only if you drive safely as your driving habits are tracked. You can find cheap black box insurance at Quotezone.co.uk. Quotezone is a comparison site that helps you find the cheapest insurance policy when you enter your details.
Look into Leasing Deals
Many car manufacturers offer ‘just add fuel’ leasing deals that can be a cheaper option for new drivers, especially if you want to drive a fairly new car. You will pay one monthly payment each month that covers the cost of the car, insurance, breakdown, and maintenance. Leasing is a good option for new drivers since it means that you don’t own the car – ultimately, the leasing company will be responsible if there are any repairs needed, which are usually covered in your payment, making it much less stressful when you’re getting used to driving. And, when your lease is up, you can choose to purchase the car for a nominal fee or swap it for a newer one and start a new lease.
Take Advantage of Cashback and Freebies
While the amount that you can do to drive down the cost of your first car is limited because you’re new to the road, there are some things that you can do to get some money back or save a little bit. For example, check with your bank to see if you can get free breakdown cover through your bank account. Also, use a cashback site to get money back when you buy car insurance, breakdown cover, or maintenance for your vehicle. It might not be the largest sum, but it definitely all adds up.
Getting your first car is exciting, but it can also be expensive. But don’t worry – there are things that you can do to drive the cost down, and as you gain more experience on the road, things like insurance costs will start to get cheaper.