Driving and maintaining a 20-year-old car is the cheapest way to get around, according to a second-hand car parts specialist.
An old car won't depreciate in value and is often easier and cheaper to maintain, with most old car parts less than half the price of new ones.
Martin Mosley of carparts-direct.co.uk said: "Lots of our customers will buy an older car, paying around £1,000, spend a few hundred pounds on it and run it on a low budget."
"Tax, insurance, servicing and fuel can be less than one year's depreciation on a brand new car," he added.
He said that a 20-year-old car could also be cheaper to insure because motorists could get away with just third-party insurance.
A study by Sainsbury's Finance earlier this year said that more than 4.9 million people will buy a second-hand car before the end of August, spending up to £22.76 billion.
And more than 17 per cent of the estimated £22.76 billion to be spent on used cars will be financed by car loans.
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