Owning a car is awesome. It gives you constant freedom whenever you want to take off and escape for a while. It allows you to work without having to rely on anything or anyone. And it’s a way of showing people your personality. Having said that, it is also one of the largest expenses that you will have. That’s why if there is a way of cutting down the costs – they should be welcomed with opened arms. The more money that you can save, the better.
Here are some of the best ways you can start saving your valuable money.
Save money on new car purchases
Buying a car is right up there with buying a house, it is by far one of the most expensive single transactions that you will most likely come across, and for a lot of people, they won’t have that kind of money upfront. One trick that you can do, is avoid trading your car out as often as every few years – instead, keep it a little bit longer. This is because new car prices tend to get higher and higher every year, so by trading regularly, you will be losing money from the low trade-in values. So if you have a good car that has been well looked after, you can keep it for around five to seven years before deciding on replacing it.
Save money on car maintenance
Once you have the car, it doesn’t stop there. You will then be paying out money every month for car insurance, fuel, and any repairs that you will need to sort out. You can prevent having to pay for regular maintenance on your car by how well you look after it. Take it upon yourself to clean and replace the oil and air filters whenever you need to. If you see dust and dirt clogging the filter – give it a good clean. Frequent oil changes are actually one of the most important things that you can do to extend the life of your engine. And by doing this, you will avoid having to spend hundreds, sometimes even thousands on big repair jobs and engine wear and tear.
Save money on fuel
When calculating the price that you pay a year for fuel – it’s rather a shocking eye-opener, so you will want to do all you can to lessen the amount that you’re paying. While it’s near impossible to change the commercial costs on fuel, you can alter the way that you use it to ensure you are more efficient. A brilliant way of doing this is by carpooling when you can. This means sharing the driving with another person who owns their own car. This will not only half the costs of what you have to pay, but it also goes towards saving the planet because it lessens the gas emissions that your car is putting out there too. Even hopping on public transport when you can, rather than taking your car will make a huge difference.