Learn Tips and Tricks for Cutting Car Costs

Auto expenses make up a huge percent of your annual budget. In fact, some experts estimate that car costs take up 15 percent of the average American's yearly spending! That's why it's so crucial to learn the best practices for cutting car costs. Between maintenance fees and gas prices, you can really save a bundle if you know how to scrimp!

Cutting Car Costs

Efficient Driving

Do you know how to get the most out of every drop of that fuel tank? Improving your driving efficiency can have a big impact on your fuel economy over time. Try a few of these mileage-boosting tips:

  • The lighter your car, the better your fuel economy. Streamline your vehicle by cleaning up the trunk and cabin.
  • Change your oil regularly to ensure that your engine works at peak efficiency.
  • Keep your tires inflated to the right pressure, so your car doesn't have to work as hard during the commute.
  • Roll your windows up on the highway to cut down on drag, but feel free to roll down the window and turn off the air conditioner to save fuel in the city.

Insurance

When was the last time you shopped around for car insurance? You may find that your needs have changed over time. If you've downgraded your luxury vehicle to an older sedan, do you still need the most expensive collision insurance? Speak with your agent about your options. Also, many insurers offer discounts periodically. Don't miss out on a chance to save some cash!

Maintenance

While it's easy to let routine maintenance slip during busy times, it's important to keep your car in great shape to improve longevity and reduce repair costs over time. Regular oil changes will keep your engine in great shape, while tire rotations can prevent warping and poor handling. Plus, a well-maintained car gets better resale value than a neglected model.

Repairs

If you need a major repair, how do you get your car back on the road without breaking the bank?

  • If your car is still under warranty, take advantage of it! Get your car to the shop as soon as possible, so you can get the most out of your coverage.
  • Consider starting an auto repair fund to protect yourself in case of emergencies. Set aside a small amount of money periodically to cover yourself in case of an auto issue.
  • Do you need money fast? Consider options like cash advances to help get you back on your feet.
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