Owning and running a car comes at a considerable expense, so it should come as little surprise that drivers are always hunting for ways to cut their driving costs. Fortunately, there are many different ways that you can do this, and when you put them together, it can have a massive impact on your finances in the long term. Carry on reading for a few tips on how you can save money when it comes to both buying and running a vehicle.
Buy A Used Car
Of course, everyone likes the idea of driving a brand new shiny car, but these come with a rather hefty price tag. Set your sights a little lower and think about buying a used car from a reputable dealership. It is also worth checking if you can negotiate a price with the dealer as you could save a few hundred pounds if you know how to haggle, or getting a few added extras chucked in, and there is a lot of helpful information on how to do this online.
When deciding on what car to buy, always think about how economical is it, as this will massively impact on the running costs. A smaller vehicle with high returns will enable you to make more significant savings over time, as well as being much better for the environment. In addition to this, these vehicles usually cost less to tax and remember; you do not have to pay any road tax on electric vehicles.
Another significant expense is keeping the car properly maintained. Make sure you stick to your car’s maintenance schedule – having annual MOT’s and servicing it regularly, and check that the tyres are always inflated to the right level. This is not only something which can save you money but will keep your car on the road and more importantly, you and your passengers safe. There are a lot of maintenance jobs that you can do yourself which could help you to make substantial savings but if you are not sure, take it along to a local garage and get a quote. It is always better to be safe rather than sorry when it comes to cars.
Insurance can be incredibly expensive, especially for young drivers. Thankfully, there are a few different ways that you can bring down the costs of your car insurance such as increasing your voluntary excess, securing your car and doing fewer miles. You can also look to install a dash cam, which brings down costs with some insurance companies. Look at this dash cam buyer’s guide to give you an idea of which one to get.
Making a few minor adjustments to the way that you drive can also have an impact on the running costs. Rapid acceleration, hard braking, and speeding can all lower your gas mileage and age the vehicle, so try to drive smoothly and avoid idling if possible.
These are just a few things that you can do to reduce the amount of money spent on buying and running a car. Driving is an enormous expense and especially if you spend a significant amount of time behind the wheel. Try a few of the above in combination with each other, and you could make some huge savings over time and running a car comes at a considerable expense, so it should come as little surprise that drivers are always hunting for ways to cut their driving costs. Fortunately, there are many different ways that you can do this, and when you put them together, it can have a massive impact on your finances in the long term. Carry on reading for a few tips on how you can save money when it comes to both buying and running a vehicle.