Owning a vehicle.

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I own a rather old vauxhall corsa which owes me nothing, it's being good for getting around in. I start phase 1 in september (pirbright) Is it worth me updating MOT, insurance, and car tax. Or is this going to be a waste of money during my phase 1 and 2. Just wondering what other guys did if they had also owned a car. Cheers.
 
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