Buying guide

What car can you afford to buy?

Whether you’re purchasing a car outright or using a loan, the car you choose will largely be dictated by your budget.

Price guide

The more you can pay up-front the better, as you’ll save on interest in the long run. Ideally, you can afford to pay at least an initial 20%.
It’s important to make sure your car loan payments are manageable – a good barometer is to ensure the repayments aren’t more than 10% of your monthly net income.

When buying new you’ll avoid having to deal with any previous owner issues, but will suffer a value depreciation on the vehicle.
With a used car, you can often get yourself a bargain but will have to make sure the car is in good condition, comes with no hidden nasties, and doesn’t have any issues.

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