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fees when purchasing a car

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riggy04 | 10:39 Sun 17th Oct 2004 | Business & Finance
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what is vehicle registration and how much does it cost?

What is third party insurance and how much does it cost?

What is stamp duty and how much does it cost?

What is a transfer fee and how much does it cost?

How much does it cost for you to get your learners?

How much will it cost for the learners license for one year?

What is a no claim bonus?

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Registering a vehicle costs nothing

Third party insurance will insure you damaging someone elses car but will cover know damage to your own (if someone else is at fault their insurance will cover it)  The cost depends on age of driver. for learner drivers this can be enormous.  Also depends on the make and model of the car, the more expensive and fast they are, the more they cost!

Cars dont attract stamp duty, in the UK that is for house purchases over �60k

What do you mean by transfer fee???  Never heard of it in respect of cars but I hear in football its pricey!

To get a provisional licence (enabling you to learn to drive) is �38 one off fee.  There is no annual cost.

No claims bonus is as it says, if you dont claim your insurance premium will lower each year.

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fees when purchasing a car

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