Money magazine Comments - Ask Paul: I'm a divorced single father, can I afford a new car? "I do get a bit of car envy watching other people who are about my age driving around in newer models," Andrew tells Paul Clitheroe. https://www.moneymag.com.au/feed/latest?story=179807075 Wed, 08 Jan 2025 16:55:41 +1100 Wed, 08 Jan 2025 16:55:41 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: I'm a divorced single father, can I afford a new car? https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Donald Duck ()

Novated leasing an EV currently payments all comes out of your pre-tax dollars and with your short commute and if you have solar on your house, you would be making money.

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]]> Donald Duck () Wed, 08 Jan 2025 16:55:41 +1100 Comment by Janet Wallace ()

If your daughter is 16 years old she will soon aspire to have a driver's license and may wan to own a car. This could be an advantage if she has a job - so she can drive herself. She may also may able to help with drop offs / pick ups of her siblings.

Consider holding on to your well performing car and gift / sell it to her as a first car. You know the service history and performance of the car.

Consider holding on to it until your daughter needs it / could use it. Then - upgrade your own car - within your budget.

I should confess - I'm driving a 13 year old VW Tiguan that we have serviced regularly...... so I'm not one to upgrade in a hurry!

Janet

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]]> Janet Wallace () Wed, 08 Jan 2025 18:30:25 +1100