When you are thinking about the cost of running a car, you would be making a mistake if you were considering only the up-front purchase price.

Cars - (c) The Economic Voice

Cars – © The Economic Voice

When you buy a car, what you really need to have your mind on is how actual cash you are going to need to keep it going year on year.

There is plenty information at hand to assist you in your research – for example review sites can help you find out exactly how much your motor will cost you in the long term.

Check out these top tips for working out how much cash your car will need to keep you on the road in the years to come.


Before you buy your car, look online to find out which insurance group it belongs to. In the UK there are many car insurance groups, numbered 1 to 50, with every make and model of car falling into one of these.

Generally, the higher the group the more expensive your car will be to insure. Get hold of a car insurance group table online and if you’re looking for insurance at the lowest cost possible, then you need to select a car from group 1.

Once you have done this, use a car insurance comparison website and shop around for the best deal.

Car tax

This is a 6 month or yearly payment to the government which gives you the right to use your car on the public highway. If you don’t have this, you need to keep your car off public roads by filling out a SORN form with the DVLA.

If, like almost everyone, you want to use your car on the public highway, you need to pay.

If your car was registered after 2001, how much you pay is now calculated based on how much carbon dioxide your car emits. Each car has a VED band based on its emissions and tax is charged from £0 to £1,055 depending on engine size and emissions.

So if you want to qualify for £0 tax, you need a buy a hybrid or electric car.


Any car on the road needs to have an MOT every 12 months. These are cheap (sometimes just £30), however, if something goes wrong and your car fails the test you’ll either have to pay for the repair costs in order for it to pass or take your vehicle off the road.

Fuel consumption

Some cars are shameless gas guzzlers and others are far more economical. To find out which of these categories your car falls into (or is closest to), have a look at how many miles-per-gallon it can drive. The more miles the car can drive on a gallon of petrol, the less money you will have to shell out to get from A to B.


The need for a decent motor to offset the costs of driving is getting greater each year. This means drivers have less to spend on the vehicle itself, so it might be worth considering a loan – ultimately, you’ll save cash if you choose the right car. However, are you worried this might exclude you due to bad credit? Car finance is still possible with car loan 4u, so check them out today.

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