Starting this July, I’ll be earning just over £40k (~$55k USD / ~$73k CAD), likely more with locums. I plan to give my mum £700/month to help her save for retirement.
In my first year, I won’t need a car since I’ll be within walking distance of work.
For 1st year I expect to save: £25k( $33k USD / $46k CAD)
For 2nd year: £35-40k ($47k USD / $64k CAD) as my salary rises to £50k ($70k USD / $92k CAD).
I’m thinking of buying a car midway through year two. I like the Jaguar F-Type, but it might not be economical, so I’m looking for something sporty-looking but still economical and residency friendly (so minimal repairs/breakdowns)
Does anyone have any recommendations good for the above financial situation?
My parents don’t know much about cars so I don’t have much help
For context: I’ve never owned a car, and I’m currently 23 y/o (insurance is higher for under 25’s). I won’t be a consultant dr till ages away as residency is longer here