We all know that running a vehicle can be extremely expensive. However, when you have a young family, the idea of being able to go car-less is basically a pipe dream: there’s too much to do and too many things you need to take with you every time you leave the house. The car is simply a non-negotiable.
However, the fact that the car itself is a non-negotiable does not necessarily mean that the costs you pay for running that car are a non-negotiable. If you’re looking to save cash on your car expenses, then here are a few ideas that may help you achieve that goal…
#1 – Don’t buy new
As wonderful as buying a new car can be, it’s worth thinking about how necessary this is. Older cars with higher mileages are lasting for longer than ever before, and you can save a substantial amount of money by buying an older car. New cars are an unnecessary expense and, as Carfax.com explains, depreciation of value is a major factor that makes buying a brand new car a poor financial choice.
#2 – Pay monthly for servicing and repairs
Rather than paying for vehicle servicing and repairs as and when they are required, opt to pay a monthly fee for a prepaid plan that covers all of these expenses. These plans allow you to effectively manage your budget and ensure all of your car costs are always taken care of in a measured way. This means there’s no unpleasant surprises if your car suddenly requires work you weren’t anticipating, which in turn should make your car costs easier to control thanks to the simplified payment structure.
#3 – Drive with due care and attention
Distraction is a major cause of accidents on the road, so changing your driving habits to limit the chances of distraction is always going to be a good idea. Driving responsibly means you’re less likely to lose your focus and thus get into an accident. This means you stand to save a potential fortune on car repairs, fees and medical bills.
#4 – Don’t “let things slide” when it comes to your vehicle
We’re all prone to letting things slide in preference of an easier life. For example, you leave your car in a car lot and find it severely scraped upon your return. Or perhaps someone hits you while out on the road and you just decide to let it go as you fear pursuing legal action with the likes of AitkenLaw.com would be too time-consuming. However, in both of these scenarios, you have been wronged, and letting things slide doesn’t really save you any hassle— it just means you’re paying for the scratches to be fixed, or for your own medical bills. If someone else is at fault, then refuse to do that: opt to resolve the matter so you’re not out of money due to the mistakes of others.
The four ideas above should help you to keep your costs low when running a vehicle. If you are always vigilant, prepared to seek recompense when needed, and you opt for used cars and monthly servicing plans, then your car costs should be as affordable as possible.