Wesbank

Looking at expanding your Suzuki family and purchasing another Suzuki? Or is to time to join the Suzuki family and buy your first Suzuki? This month #WesBankHowTo shares with us some tips on what you need to consider when budgeting for your new car.

Firstly, when owning a car it is important to have at least an annual service, even if you haven't reached the mileage interval for a service. Some cars, new and used, don't necessarily have service plans, making this an annual amount you have to budget for. You can also add an aftermarket service plan to your car purchase, which means you don't have to worry about any unexpected high service costs.

Another expensive cost associated with owning a car is tyre replacement. It's a good idea to find out what new tyres cost for the car you're thinking about buying. These need replacing approximately every two years, but wear is dependent on your mileage and driving style.

Insurance is another vital cost. It is often a grudge purchase, but remember you don't want to be stuck paying off a car that you have written off or that for some other reason is no longer drivable.

And lastly of course, you have to budget for tolls and fuel as well. Given the high cost of fuel these days, the monthly costs can actually equal the amount you pay for the car itself, depending on how much you drive.

So when budgeting for your new car, remember to factor these considerations in.