Everybody is trying to save a little bit of money these days, and one of the biggest money pits is those expensive cars we drive. We are all familiar with the bills our cars can rack up as the cost of everything seems to be going up these days including gas, car parts, maintenance jobs, and the labor associated with repairing vehicles. Sometimes you might have taken a loan from best Easy Credit Money Lenders Directory so that you can buy a car to assist you in the daily daily activities. After you have bought the car you may be struggling to pay this loan at the same pay for the expenses of your car which can be expensive.
But there are a few easy guidelines you can make to help cut back on those expenses.
Buying a Car:
1. Comparison shopping
Keep an open mind when you set out to buy a car, and be prepared to look at many different options. Compare dealers, makes, models, thoroughly. While this is tedious, it will increase your chances of saving money and driving home in the car you want.
2. Consider buying a used car or monthly car rental
A car that has been used even for a couple of years costs significantly less than its brand new counterpart of the same make and model. Besides, unlike a used car, the value of a new car depreciates dramatically the second you buy it, so a used car may be a better option if you plan to sell it in the future.
Alternatively, you can consider getting either short term car rental or long term car rental services, depending on your status and financial capability. They usually come with insurance included in the package and they offer special discounts during festive seasons.
3. Hang on to your ride
It’s a good idea to keep your car for as long as possible. You lose money on low trade-in values when you switch cars in a short period of time. A reliable, quality car should stand by you for the good part of a decade, so invest once and for all.
4. Be practical
If saving money is your aim, then functionality should be your priority, not appearance. Invest in a reliable, reasonable, mechanically sound car rather than blowing a fortune on something that looks good but won’t give you decent mileage.
1. Keep your car tuned
A car that isn’t regularly or properly tuned guzzles gasoline at an alarming rate. You’ll save money in the long run by keeping it tuned.
2. Oil and air filters
One of the most overlooked ways to save money on your car performs routine maintenance. All cars need to be maintained, and that old adage, “maintenance is cheaper than repair” holds true. Keeping the oil changed, checking tire pressure, doing those simple maintenance things can easily help save some money
Check your tire pressure regularly, and have them balanced at least once a year. It’s an effort but you’ll be saving money on gasoline mileage and preventing damage to your suspension.
1. Self Serve
Pumping your own gas is 5-10 % cheaper than having someone do it for you. Spread the difference across the span of a year, multiply that amount by all the years you’ll be driving and you’ll be shocked at how much you’ll save in the long run. After a few months you will realise that you are able to save up to $20 in a month. This money is enough for you save with EasyCredit Money as they do limit you on how much you can save.
2. Don’t go all the way
Topping off your tank could lead you to lose gas if you are parked on a slope or under the sun because the gas might overflow.
Don’t buy the cheapest gasoline available. Your car deserves better. Your engine will suffer if you buy a lower grade than recommended, which will cost you more than you saved on gas in the long run. However, there is no need to spring for premium quality unless your manual recommends it.
1. Play by the rules
Speeding tickets, accidents, arrears of any kind are expensive mistakes whichever way you look at it. Not only will the actual fines and repairs (or deductible, if you have collision coverage) be expensive, but your insurance premiums are likely to go up due to these mistakes. Brush up on your driving skills and follow traffic regulations because a clean record means lower car insurance rates.
Consider car-pooling to work if possible. Try to come up with some sort of a plan or schedule at work to figure out possible ways to carpool and share those ideas with other coworkers to see who may be interested in taking advantage of carpooling at work. Also, plan on doing all of your errands at the same time, and avoid driving back and forth between your house and the store. If the weather permits, don’t use the AC in your car and try to spend as little time as you can in your car. That extra weight can detract from your gas mileage. With this you may find that you are saving up $15 in day which you can try to save at EasyCredit for future use.
3. Making the most of your fuel
The way you drive affects your car’s fuel use. Accelerating gently and sparingly, driving at a constant speed (not too fast and not too slow), turning your air conditioner off when it’s not required are all ways to ensure you’re getting the most out of your gas.
4. Burn some calories
Consider walking, biking or even jogging if your destination is not too far away. This is beneficial to your health, your environment, and your wallet. And if you don’t want to work your body, try public transport. You may be able to save a lot money money if you take this options. It is not good to spend all your income on transportation as you have to save some in case you have an emergency in future.
1. Choosing an insurance company:
Do not go to an insurance provider simply because it offers you a cheap rate. If it’s an obscure, unreliable company, you will regret it when you need to make a claim. Get car insurance shopper quotes from reputed, reliable established providers; you’ll be saving money in the long run. An insurance provider with a reputation to protect and the means to pay out is more likely to handle your claims properly.
Limiting your coverage to the minimum state requirement is unwise and inadequate. Unless your car is over 10 years old, you should ideally have collision, comprehensive, underinsured motorist coverage (UIM), uninsured motorist (UM) coverage, and personal injury protection (PIP), besides the liability coverage required. Having thorough car insurance coverage could save you a fortune in the event of an accident. One way of saving money is combining your home and car insurance under the same insurance coverage.
Many insurance companies offer discounts, which can significantly lower your rates. Some of the common car insurance discounts include defensive driver’s credit, good student discount, theft-protection discount, airbag safety discount, etc. If you get such discounts you will be saving up to $10 in a week. If you continue to save this small amount of money after one year you will realise that you have saved a lot money.
With these tips, you’ll save money from the moment you purchase your car, until the last insurance payment you ever make. In the long run, that’s probably enough to pay for four years of college, a retirement fund, or even a new car! So be practical, be careful, and drive safe.