When you’re buying your first car, there’s a lot of things that you need to think about. What type do need, how much can you afford and will you be able to manage maintenance. All of these are important questions, but we have all the answers.
The Right Ride
For your first car, you’re looking for a hot hatchback. This is a speedy little car that usually has three doors and not that much space in the back. However, they are still great fun in the bends and on the straights. You’re talking about something like a Volkswagen Polo or a Renault Megane. Anything like this is going to be fantastic fun and is on the market at a price you can probably afford.
Maintaining Your Vehicle
If you’re worried about maintenance costs for your car, there’s a simple rule. Put away one thousand each year to spend on your car. This will cover, insurance, tax and any repairs that the car needs over a twelve month period. For your first car, one thousand is more than enough money for all these bills.
Usually, people buy their first car with a loan or on finance. Either way, you do need to think about your credit score. Make sure that you have a healthy credit score so that you can get a great deal on your loan. Otherwise, it could quickly drive you into a debt that you won’t easily be able to escape. Check out the infographic below for more information and tips.
Infographic Created By MyCreditMonitor