It’s easy to focus on the purchase price and forget about the other costs that come with owning a car. The last thing you want is to stretch yourself too thin or end up with a vehicle that costs a fortune to keep on the road.

Taking the time to budget properly means you’ll know exactly what you’re getting into, so you can buy with confidence and avoid any nasty surprises.

Determine your total budget

Start by working out how much you can afford. If you’re paying outright, decide on a clear upper limit before you start searching.

If you’re using finance, be realistic about what you can afford each month. Instead of just looking at the monthly payments, think about the total cost over time. A low monthly payment might seem appealing, but it’s not a great deal if it means paying thousands in interest.

Whether paying outright or through finance, always leave yourself some breathing room so you’re not left struggling to cover unexpected costs.

Look for affordable options

Once you’ve worked out your budget, it’s time to find a car that fits. If you’re buying privately, prices can be lower, but you won’t get the same legal protections as you would with a dealer. Purchasing from a dealer might cost a bit more, but you’ll often get a warranty, which could save you money in the long run.

Mileage and service history matter more than age alone. A slightly older vehicle with full service records is usually a better buy than a newer one with gaps in its history. If you’re looking at newer models, ex-fleet or ex-rental cars can be good value; they tend to be well-maintained and come at competitive prices.

Estimate upfront costs

There are more costs to consider than just the purchasing price. Insurance is a big one, and the price can vary wildly depending on your age, driving history and the vehicle itself. Before you commit, get a few quotes to make sure you won’t be paying more than necessary.

Road tax is another thing to check. Some cars cost next to nothing to tax, while others will set you back hundreds of pounds a year. Look up the vehicle’s tax band before you buy, so you’re not caught off guard.

Then there’s the car’s condition. Even if it looks great, hidden issues could cost you down the line. Running an HPI Check can reveal hidden problems and past accidents, saving you from buying a vehicle that needs expensive repairs.

Try to negotiate

You don’t have to pay the asking price. Most sellers expect a bit of negotiation, so don’t be afraid to make an offer. Private sellers, in particular, are typically willing to knock a few hundred pounds off if you ask.

Before you start negotiating, do your research. If similar cars are selling for less, point it out. If the vehicle has any issues, such as a missing service stamp or a scratch on the bumper, use that to your advantage. A polite but firm approach can save you a decent chunk of money.

With dealerships, you might not get much movement on price, but you can often negotiate extras. Ask if they’ll throw in a free service or a longer warranty – even small savings make a difference.

Final thoughts

A good used car doesn’t just fit your needs; it fits your budget, too. Taking the time to plan properly means you won’t be caught off guard by unexpected costs.

Know your limits, ask the right questions and don’t let anyone pressure you into spending more than you should. The right vehicle is one you can afford with confidence, not one that leaves you worrying about your bank balance every month.