Prevent Over-spending
Identify your budget and put limits on your finances—properly budgeting prevents you from overspending.
Purchasing a car can be very exciting, but it’s a good idea to know what your limits are in terms of what the price of a car is that you could realistically afford before you begin your car search. When you search for a car with Auto Market Place, we aim to ease your car budgeting process, ensuring that you can make the best decisions for your situation. Whether you are paying in cash or financing via HP or PCP, we want you to know what budget to stick to.
Utilise our tools and expertise to get an idea of what you might be able to spend and how those monthly payments might then work out, before you step onto the forecourt.
When purchasing a vehicle, a budget helps you maintain control and gives you confidence during the journey.
Here are the reasons why budgeting is important:
Identify your budget and put limits on your finances—properly budgeting prevents you from overspending.
Search specifically for vehicles that fit within your criteria. You'll save time by not looking at vehicles you can't afford.
A budget should include the cost of other additional expenses not related to the price of the vehicle. For example, you will need insurance, taxes, fuel, maintenance, as well as any finance interest if required.
If you plan to finance a vehicle via PCP or HP, budgeting will help you plan for use and monthly repayments, and how much any final balloon payment will be.
The larger your deposit, the less you will pay in your monthly payments.
Pick a term that suits you financially, typically around 12 to 60 months.
A good rule of thumb is to stay around 10–15% of your monthly net income on your monthly car payment.
Don't forget about the running costs!!! Fuel, insurance, servicing, and MOT plus unexpected repairs.
A good rating can influence your financial offer and interest rate. Generally, better credit means lower rates.
Yes. We can access several flexible finance partners who can give you options with starting with a little or no deposit, subject to your credit profile.
Our calculator will provide you with an indicative budget based on current rates and conditions. For a fully personalised quotation, please contact our finance team.
It's helpful, but we can help you through many soft checks and pre-approval assessments without impacting your credit profile.
Yes! We will be happy to help as your circumstances change.
Largest Auto portal
Every 5 minute
Stay updated pay less
Decode the right car
