Page Header

0345 811 9595

Mon-Fri 9am to 5.30pm

What should your budget for your car be?

Photo of Fergus By Fergus
8th August 2022
two people working out their finances

If leasing a car is the best option for you and you've worked out what you can afford, you may want to split your payments into the 20/4/10 rule. This is where you spend 20% of your car's cost on the down payment, finance for four years or less and spend 10% of monthly earnings on the monthly payments.

Keith Hawes
Director - Nationwide Vehicle Contracts

Other costs to consider:

blue car with certificate graphic

Car insurance

fuel pump with money graphic


blue car with spanner graphic

Maintenance and repairs

car with star graphic

Trim level

road tax graphic

Road tax

car with money symbol


Guide Information

Photo of Fergus

About the Author: Fergus Gray

Was this page helpful?
Thank you for your feedback!