Once you have bought your car, you have to keep it running and on the road and it’s important to seriously consider and understand how much this is going to cost in the long run.

There are four main elements of cost to consider.

Vehicle Excise Duty 

Vehicle Excise Duty (VED) (also known as vehicle taxcar tax, and incorrectly as road tax), is a tax that is levied as an excise duty and which must be paid for most types of vehicle which are to be used (or parked) on the public roads in the United Kingdom.

A guide to VED is available at

You can tax your car online at this link

To check whether your vehicle is taxed follow this link.

Motor Insurance

You must have vehicle insurance to drive your vehicle on UK roads.

Third party insurance is the legal minimum. This means you’re covered if you have an accident causing damage or injury to any other person, vehicle, animal or property. It doesn’t cover any other costs like repair to your own vehicle.

A full guide to Motor Insurance is available here.

MOT Test Certificate

The MOT test (or simply MOT) is an annual test of vehicle safety, roadworthiness aspects and exhaust emissions required in Great Britain for most vehicles over three years old used on any road.

Full details of when and how to get an MOT and how much it will cost are available at GOV.UK.

Running a car

A series of guides to help you understand all aspects of running your car are available from Money Helper.

Details of what to do if you have a problem with a car repair are available from Citizens Advice.

A guide to saving fuel while driving is available here.

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