Buying a car in the UK is expensive enough, but when you add car insurance on top, most people are losing money before they even drive away. Recent UK figures put average annual car insurance around £711 from one major comparison source, while other 2026 indexes put it lower, roughly in the £560 to £580 range depending on dataset and methodology. �
In this video I break down 4 smart ways to save money when buying a car, including why buying the same shape on an older plate can save you thousands, why higher mileage is not always a bad thing, why watching the market before buying matters, and why shopping by monthly payment can cost you more in the long run. �
I also use a Tesla Model 3 example to show how a 2020 car can look very similar to a 2024 one while costing dramatically less, which is exactly why smart buyers focus on value instead of just age and mileage. �
If you’re in the UK or Northern Ireland and want practical money-saving tips, car buying advice, and real personal finance content without the usual fluff, this channel is for you.
Follow for part 2, where I’ll cover how to get cheaper car insurance in the UK.
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