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    Roughly, what is the average cost of owning a car?
    What is a good first car to buy, roughly under £2k, what should I look for in a car that will last me 2-5 years?

    Purchase cost =

    Annual mileage =
    Annual road tax =
    Annual service =
    Insurance =
    Breakdown =
    Maintenance =

    Should I be looking at a figure like ~5k per year?

    http://www.thisismoney.co.uk/money/c...nning-car.html
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    (Original post by TrojanH)
    Roughly, what is the average cost of owning a car?
    What is a good first car to buy, roughly under £2k, what should I look for in a car that will last me 2-5 years?

    Purchase cost =

    Annual mileage =
    Annual road tax =
    Annual service =
    Insurance =
    Breakdown =
    Maintenance =

    Should I be looking at a figure like ~5k per year?

    http://www.thisismoney.co.uk/money/c...nning-car.html
    It's difficult to even give a rough figure as it's depend on the car, person and area they live in. What I pay in total for my car may just about the insurance cost for your car if you live in a undesirable area for insurance companies. Also depends on how handy you are as it can save you a lot in maintenance and services.


    Purchase cost = £4500 Fiat 500

    Annual mileage = 3500 (Approx)
    Annual road tax = £20
    Annual service = £180 from Fiat £45 done myself
    Insurance = £700 per year
    Breakdown = free
    Maintenance = say £120 for a brand new set of tyres and £80 for new brakes although you probably wont need to change them in a year.
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    How long is a piece of string?

    I don't think you'd struggle buying a car and putting it on the road for a couple of grand. I've done it several times for less than £500.
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    (Original post by JC.)
    How long is a piece of string?

    I don't think you'd struggle buying a car and putting it on the road for a couple of grand. I've done it several times for less than £500.
    50cm, thanks for the insightful and original response!
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    Driving 5000 miles costs about £550 in petrol based on my back of the envelope calculation which involves a lot of rounding and assuming that every car does 40mpg all the time. Servicing and MOT whatever you can get for £2k will probably cost £200 or so once a year. Then add another £200 for non-routine maintenance that can spring up. Road tax is like £100 give or take for your average hatchback. Insurance depends on who you are but after five years of driving it should be well under £500.

    So adding the cost of the car over 4 years you're probably looking at something like £2.5-3k a year to stay on the road and drive a pretty reasonable amount.
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    (Original post by TrojanH)
    Roughly, what is the average cost of owning a car?
    What is a good first car to buy, roughly under £2k, what should I look for in a car that will last me 2-5 years?

    Purchase cost =

    Annual mileage =
    Annual road tax =
    Annual service =
    Insurance =
    Breakdown =
    Maintenance =

    Should I be looking at a figure like ~5k per year?

    http://www.thisismoney.co.uk/money/c...nning-car.html
    Its impossible to say. Things like the cost of the car depend entirely on how much you want to spend on a car. Insurance can vary wildly as well (depending on location, type of car, named drivers, level of cover etc).
 
 
 
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