Cars you can buy on finance that are cheaper than an iPhone, Sky TV and going to a posh restaurant
Buying a new car can actually work out a lot cheaper than you think - but you might need to sacrifice a few monthly luxuries
BUYING a car might seem like a major expense to most of us, but if you actually crunch the numbers, a new motor can work out a lot cheaper than you might think.
Financing a new car can be the same price as a number of regular expenses, with some motors costing less than a new iPhone or a Sky TV subscription.
New research from compared the price of financing a car with common monthly expenses, showing how a new motor can easily fit into your budget.
According to the online car marketplace, finance plans can allow you to get a new car for as little as £27 per month depending on your deposit - and some even come with a zero downpayment.
Their research found for the £113 per month Brits would pay for a new 64GB iPhone X, they could instead purchase a 2015 model Toyota Aygo.
And the compact hatchback is far from the cheapest option for prospective buyers.
A 2014 Toyota Previa costs just £62 per month through finance, which is the same price as Sky TV.
For around £70 per month, Brits could also choose between a 2015 Hyundai i30 Hatchback or a Vauxhall Corsa - but it would mean sacrificing their monthly manicure or date night.
If you wanted to become the owner of a brand new 2018 plate model, a SEAT Ibiza will come at the cost of four nights out in London.
And for those who want to improve their health while purchasing a new car, ditching takeaways will free up as much as £110 each month for a 2015 Peugeot 108, while pack-a-day smokers could afford the luxury Audi A1 simply by kicking the habit.
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Auto Trader research also found simply giving up your daily coffees could mean you are able to afford a flashy Porsche.
Two lattes a day can cost you just over £180 per month, which is the same price as a vintage Porsche Cayenne.
Erin Baker, editorial director at Auto Trader, said: "Car finance deals have made car ownership a realistic prospect for many drivers, but it’s also increased choice across both new and used cars, surprising buyers with cars they may have first thought unaffordable and making it easier than ever for buyers to find their dream car."
