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I would do the course and think about what to buy once you have spent more time riding. A direct access course will give you a fair few hours of riding and you will quickly find things you like and don't like!
Also the use of your bike is relevant. If you are planning to commute long distances comfort is a big issue compared to a weekend summer plaything. If your mileage is high, you are frequently needing servicing, but if you ride occasionally for fun, the real running costs of your bike will probably be purchasing carbon fibre bling bits!
A quick tip on the test: I just took mine a month or so back. My score on the hazard perception vids was poor prior to the test because I saw the hazards too early (go figure) due to being an experienced driver / rider. I would definitely recommend practising this with the DVDs from Halfrauds. They are a tenner, and will get your click/timing appropriate for passing the exam.
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Monsters don't hide under the bed, they sleep inside the shed
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