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Nationwide Vehicle Contracts explore the various costs associated with car ownership and provide tips on how to make owning a car more affordable

Car ownership is a common part of daily life in the UK, providing individuals and families with the freedom and convenience to travel where they need to go. However, the cost of owning a car can be significant and can have a considerable impact on household budgets. In this blog post, we will explore the various costs associated with car ownership and provide tips on how to make car ownership more affordable.

Purchase price

The purchase price of a car is likely to be the most significant expense when buying a car. Depending on the type of car you want to purchase, prices can range from a few thousand pounds to tens of thousands of pounds. It is essential to research and compare prices across different dealerships and private sellers to ensure you are getting the best deal. Additionally, you should consider buying a used car instead of a brand new one, as it can save you a considerable amount of money.

Fuel costs

Fuel costs are another significant expense associated with car ownership. The price of petrol and diesel can fluctuate, making it difficult to budget for fuel costs. However, you can reduce fuel costs by driving efficiently, such as avoiding sudden acceleration and braking and driving at a steady speed. Additionally, you can consider purchasing a fuel-efficient car or a hybrid or electric car, which can significantly reduce fuel costs.


Car insurance is a legal requirement in the UK, and it can be expensive, especially for new and young drivers. Insurance costs depend on several factors, such as your age, driving experience, car model, and location. To reduce insurance costs, you can consider taking advanced driving courses, installing a black box, or increasing your excess. Additionally, you can compare insurance prices across different providers to ensure you are getting the best deal.


Regular maintenance is necessary to keep your car running smoothly and prevent costly repairs. Maintenance costs can include oil changes, tyre replacements, and brake pad replacements. To reduce maintenance costs, you can consider purchasing a car with a good warranty or purchasing a maintenance package. Additionally, you can perform basic maintenance tasks yourself, such as checking your tyre pressure and changing your oil.

Tips to make car ownership more affordable

Here are some additional tips to make car ownership more affordable:

  • Consider car-sharing or public transport options, such as buses and trains, to reduce fuel and maintenance costs.
  • Plan your trips in advance to avoid unnecessary journeys and reduce fuel costs.
  • Avoid driving during peak hours, as traffic can cause fuel wastage and increase wear and tear on your car.
  • Shop around for car insurance, and consider switching providers if you find a better deal.
  • Take advantage of loyalty schemes and discounts when purchasing fuel and other car-related products.
  • Purchase a car that is affordable to run, such as a small or medium-sized car that is fuel-efficient and has low maintenance costs.


Car ownership can be expensive, but with careful planning and research, you can make it more affordable. By considering the costs associated with car ownership, such as purchase price, fuel, insurance, and maintenance, and taking steps to reduce these costs, you can manage your household budget effectively while still enjoying the convenience and freedom of having a car.

For more information about saving costs, why not check out our Ways To Save Money on Car Insurance While Leasing blog? We also produce a range of weekly blogs on various topics, which can be found in the blog section of our website.

Nationwide Vehicle Contracts are one of the UK's leading car leasing brokers and offer a range of leasing deals to suit every need. To find out more, check out our comprehensive car leasing guides or call one of our experts on 0345 811 9595.