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Budgeting For Your First Car

31st October 2022
A row of cars

Running a first car can be expensive and it's important to understand what you can realistically afford. By setting yourself a budget, you can make sure you get a car that suits your needs, particularly when it comes to running costs and insurance.

David Johnson
Director - Nationwide Vehicle Contracts

Calculating your budget

Cartoon of pound-notes with percentage sign

1. What is your current income and expenses?

Cartoon car with pound symbol

2. How much can you afford?

Cartoon of pound notes

3. Don't forget the initial rental

Considerations for your first car

Try our Fuel Calculator

Customer being shown features of new car

Guide Information

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