There’s no doubt about it. Cars are expensive.
As much as you need one to get around, spending money on gas, maintenance, and everything else quickly adds up.
If only there were a way you cut back on some of the expenses. But wait, there is!
You may not be able to get rid of every car expense, but there are some things you can do to save.
Follow these tips, and the next time you hit the road, you’ll be feeling good about your money-saving habits!
1. Find an Affordable Car Insurance Company
There’s no such thing as finding the perfect car insurance company. Still, why not take the time to do some research and compare rates?
Look for car insurance companies that have excellent rankings and ratings. Each website should give you some of the necessary details to determine if it’s a good fit.
Of course, you’re after affordability. Yet, it’s still vital to make sure the company has good customer services and positive reviews.
An easy way to shop for different rates is by making a pros and cons list. After writing down the pros and cons, get in touch with an agent.
Your excellent research skills will undoubtedly pay off. Finding a car insurance company that’s to your satisfaction will help you save big time.
2. Change Your Oil Every Three Months
A good rule of thumb is to get your car’s oil changed every three months. If you don’t drive your vehicle that often, you might be able to go a little bit longer. But for cars that get used almost daily, it’s essential to stay on top of oil changes.
When it comes to maintaining your car, doing an oil change can keep your vehicle running well for years to come.
If you don’t get regular oil changes, you may have to spend more money repairing your engine down the line.
Make a point to look at the windshield sticker your car repair shop gives you to keep track of your last oil change. If they didn’t give you a sticker, write it down or create a reminder in an app so you won’t forget!
3. Downsize Your Car
Even if you’re in love with your car, it may be time to downsize if it costs you too much money.
A sedan versus a sports car will cost less money, as long as it is running well. There are many affordable cars to consider, from a Hyundai to a Honda. You likely have your favorite models, though, so we won’t offer car brand advice!
Before trading in your sports car, be wise about it. You don’t want to lose money by taking a hit and selling it under its worth.
At the same time, your end goal is to downsize. So, consider selling privately instead of trading in your car.
List it on a site such as Autotrader to generate some interest. You should be able to get the price you’re after, instead of losing out on funds you need to get a more affordable car.
4. Find Better Gas Prices and Use the Right Type of Gas
While you can’t control how expensive gas is, you can research where the cheapest gas is. Some apps tell you where to find the cheapest gas, such as GasBuddy.
Now, if you have to drive a long way to get less expensive gas, it may not make sense. The whole point is to save money, so do the math in your head before driving to Timbuktu to pump gas.
Another way to save money on gas is by making sure you’re using the right type of gas for your car.
For example, your car runs on mid-grade, but you’ve been giving it regular gas. You may think you’re saving money, but you could be shortening the life of your car.
To ensure your vehicle performs well, use the right type of octane fuel. If you don’t, eventually, you may run into some car issues.
5. Drive Less and Carpool
You don’t have to drive everywhere. If driving is getting expensive, bike ride, or take the bus somewhere instead.
Walking is another option. You may not feel like walking a mile to run a quick errand. But when you look at your bank statement at the end of the month, walking more and driving less will pay off!
If you have no choice but to drive to places such as work, carpool with someone. They’ll like the idea of saving money too!
Carpooling also works when you want to go on a day trip. It doesn’t make sense for you and your friend to drive when you can save money and carpool together!
Cars are always going to be expensive, but with smart strategies in place, you can save money.
Stick with an affordable yet reliable car so you can get the best bang for your buck. Also, make sure you stay current with oil changes and other car maintenance that comes up.
By taking care of your car, you’ll save a lot of money and have a reliable friend that can take you wherever you need to go. Now, it’s time to hit the road!