Owning and operating a vehicle can get very expensive. From having to buy the car in the first place to paying for gas, maintenance, insurance, emergencies and more, you may actually be paying more for your car on a monthly basis than you even realize. Luckily, with a little planning and strategic choice, you can save yourself a lot of money on your current vehicular costs. To show you how, here are three tips for saving money on all vehicle expenses.
Do Preventative Maintenance
One of the worst things you can face as a car owner is having to make unexpected repairs because something broke or stops functioning the way it should. While this can happen just naturally and despite your best efforts to prevent it, preventative maintenance can help prolong the life of your car and help you avoid having to make big emergency repairs. According to Deborah Fowles, a contributor to The Balance, some of the most common preventative maintenance that you should be doing on your car include oil changes, air filter replacements, and standard tuneups. By doing these things, you’ll be able to stay on top of what’s going on with your vehicle and hopefully catch anything that’s going wrong before it becomes catastrophic.
Always Buy Used
When it comes time for you to get a new car, it’s best to choose a car that’s just new to you rather than one that’s brand new. While you might like the idea of being the first owner of a car, Philip Reed, a contributor to NerdWallet, shares that at the rate cars depreciate, you’re losing a lot of money very quickly if you choose to buy a brand new car. As a smarter financial option, consider buying a car that’s just a few years old and then selling it after just a few years. This will help you to always have a decent vehicle to drive while also allowing you to sell the car for a reasonable amount to go toward buying your next car.
Calm Down Behind The Wheel
The way that you drive your car can actually have a big impact on how your car functions and how much you’re having to pay to combat your driving techniques. According to William Cummings, a contributor to USA Today, driving fast not only puts you at risk for getting a speeding ticket, but it also cuts down your gas mileage. Additionally, by having to slam on the brakes frequently because of aggressive driving, you’re losing a lot of money in gas mileage as well as wear and tear on your vehicle.
If the cost of owning and operating your car is getting a little too steep, consider using the tips mentioned above to help you cut costs in one way or another.