How Much Will My New Car Cost? – How to Estimate the Costs of a Car

How Much Will My New Car Cost? – How to Estimate the Costs of a Car

The cheapest way to get a car will always be to pay in full, but that’s not always possible and there are other options available if you need or want to update your vehicle. You can lease or get a car loan to help you with the costs and pay monthly for your car.

If you’ve got your eyes set on a new car and have a deposit ready to go you can use a car finance calculator to work out the total costs, the monthly payments and to find the right finance option for you. This will help you work out the cost of the actual car.

To get the full picture of how much your car actually costs, you need to figure out the running costs too and with cars there are many!

Fuel costs is a large chunk and that will depend on petrol prices, miles per gallon and of course how much you drive and what distances. How you drive also has an impact on how much petrol you use.

Owning a car is pricey and other important numbers to look at include your yearly road tax, your insurance, MOT and your breakdown cover. To that you might need to add repairs, upkeep such as cleaning and car wash visits or having a mobile car valeting service come to you, toll roads and parking!

There are so many costs to having a car but they are quite useful, aren’t they? If you’re trying to figure out the total costs of your car, new or old, you can use a motoring costs calculator to get a good overview.

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