Running a car is most likely one of your largest monthly expenses, as there are many associated costs with owning a vehicle. Thankfully, there are a variety of ways to reduce your expenditure. Find out how to save money on your car expenses in five simple steps.
- Choose Between a Used or New Car
There are pros and cons to buying a used or new car. The option you choose will more than likely be determined by your budget and needs. For example, if you have a small budget and only need to drive a car occasionally, it might be financially beneficial to opt for a second-hand vehicle. However, if you want to drive away in the latest make and model to drive every day, you should opt for a reliable, new car. Find the best option for your budget by visiting the BMW Edinburgh showroom.
- Balance Your Tires Annually
Are you aware you can add thousands of miles to the life of your tires? Skip expensive replacements by having the tires balanced once each year. If you don’t, you will risk damaging the tread, and an imbalance can wear your shock absorbers while damaging your suspension system, which can add to your vehicle expenditure.
- Change Your Engine Oil Every 3,000 Miles
Do you want your car to stand the test of time so that you can receive the most value for your money? Of course you do. For this reason, you should change both the oil and oil filter every 3,000 miles. By doing so, you can extend the life of your car’s engine, and it can also prevent spending money on unnecessary repairs or engine wear.
- Browse the Market for the Best Insurance Deal
Many first-time drivers rush into buying car insurance because they cannot wait to get their new car on the road. However, this could result in a big financial mistake. Browse the market before you commit to car insurance to not only make great savings each month, but to ensure you select the best insurer for your needs, which will be important if your car is involved in a collision. You also do not need to stick with the same insurer year after year. Shop around once a policy has come to an end to find the best option for your needs and budget. Also, don’t be afraid to phone the insurers to ask about special deals, especially if you’re a long-standing customer.
- Try to Improve Your Driving Habits
Bad driving habits can potentially double your fuel consumption. A few adjustments to your driving style could help you to save gas, which can have a positive impact on both your finances and planet Earth. For example, you should always accelerate gently, and anticipate slowdowns to avoid sudden stops. Driving too fast can also play havoc with your fuel consumption, as you can waste 20-30% more guess driving at 70mph in comparison to 50mph. You might be surprised at the difference it will make to your gas mileage and bank account.
