Buying a Car in the UK; what to consider
Navigating the process of buying and owning a car in the UK involves more than choosing a model and colour. From understanding maintenance costs to factoring in government regulations, this guide aims to equip you with the knowledge needed to make informed decisions. Whether you're exploring auto trader websites or considering financing options, let's embark on this journey to buying, owning and running a car in the UK.
Auto Trader and Beyond
In the vast landscape of the UK automotive market, finding the perfect car can be both thrilling and overwhelming. Thankfully, several online platforms streamline this process, offering a plethora of choices to suit every taste and budget. Let's delve into the top five platforms, each with its unique features, and uncover some savvy tips for conducting effective online car searches.
1. Auto Trader
Undoubtedly, Auto Trader stands as the UK's largest and most well-known automotive marketplace. Boasting an extensive inventory of new and used cars, Auto Trader provides detailed listings, expert reviews, and valuable buying guides. Its user-friendly interface simplifies the search process, allowing you to filter results based on various criteria such as make, model, price range, and location.
2. Gumtree Motors
For those seeking a diverse range of vehicles, Gumtree Motors is a noteworthy contender. Gumtree's platform goes beyond traditional listings, often featuring private sellers offering unique finds. While exercising caution is crucial in private transactions, Gumtree can be a treasure trove for budget-friendly options and one-of-a-kind deals.
3. Motors.co.uk
Motors.co.uk is recognized for its intuitive search tools and comprehensive listings. A standout feature is its "Smart Search" function, enabling users to define specific criteria and receive tailored results. Motors.co.uk often collaborates with local dealerships, offering a blend of private and dealer-sold vehicles.
4. eBay Motors
Harnessing the power of one of the world's largest online marketplaces, eBay Motors brings a vast array of vehicles to your fingertips. From auctions to fixed-price listings, eBay Motors caters to a spectrum of buying preferences. It's essential to scrutinize listings thoroughly, considering both the seller's reputation and the vehicle's condition.
5. PistonHeads
If you have a penchant for high-performance and specialty vehicles, PistonHeads is your digital haven. Focused on enthusiasts, this platform features sports cars, luxury vehicles, and rare finds. While the selection might be more niche, PistonHeads provides a unique space for those seeking something beyond the ordinary.
Tips for your search
Define your budget before you jump into the search, to have a clear idea of what your limits are. Use the features platforms offer to tailor your search around your needs, whether that is manual gearbox, petrol fuel, number of doors etc. Contact the sellers and be vigilant; view their reviews, and have your questions about the vehicle ready to ensure you get the best deal possible.
Budgeting Beyond the Initial Purchase
Total Cost of Ownership = Purchase Price + Insurance + Fuel + Road Tax + Maintenance + Repairs + Financing Costs
A new small car can cost anywhere from £12,000 - £17,000 (here we are talking VW Polo or a Ford Fiesta). For a medium-sized vehicle (Ford Focus / VW Golf) add another £10,000 to that.
On average, a UK driver spends around £1,300-£1,600 a year on maintenance (including fuel and repairs).
Car Insurance (like most of the numbers stated in this article) can be radically different for a variety of reasons. To give you a ballpark figure on UK average cost, you are looking at around £511.
The current annual flat rate of road tax for the 2023/2024 tax year is £180 (£10 annual discount for alternatively fuelled vehicles).
Financing deals can vary greatly but read the terms & conditions of any loan you take carefully and make sure you add this into your considerations before you buy!
There is a lot to consider in this article already, and it still feels like we are just scratching the surface! Use this as your foundation and continue your research before making any payments.
