How to cut your car ownership costs

Hire purchase means that you’re hiring the car from the lender until you’ve paid for it in full. The loan is secured against the vehicle itself, and you won’t officially own it until the final payment has been made.
With the cost-of-living continuing to increase, unpredictable fuel prices, and the ongoing shortage of new and used cars, the cost of car ownership can add up. But that doesn’t mean you have to give up your vehicle or resign yourself to paying rising bills.

Lower your upfront costs 

No matter whether you’re in the market for a hot hatchback, a family-friendly SUV, or a high-powered sports car, buying a new car can be expensive.
There are several reasons why you might have your heart set on a brand-new model, whether you want the latest mod-cons or like the reassurance of a warranty, but choosing a used car instead could substantially lower your upfront costs.
This is because almost all vehicles depreciate – lose value – over time and this drop tends to be more dramatic in the first few years of a car’s life.