Many of us rely on our cars to get to work, run errands and visit friends and family. Living costs are rising. It’s more expensive to keep a car on the road and buy new vehicles. If you’re looking for ways to save money, here are some top tips to help make buying and running a car more affordable.
Look for the best deals
If you’re keen to buy a new car, or you’re exploring options, such as a long-term lease, it’s always beneficial to look for the best deals. Use the Internet to get quotes, visit or call multiple dealerships to ask about offers and discounts and compare finance deals.
You may find that certain manufacturers are running promotions or that one dealership is offering a much better price than another. Take your time to make calls, research online and compare quotes.
Explore finance options
Many people don’t have thousands of dollars available to buy a car outright. If you want to buy a new or used vehicle, it’s advantageous to explore finance options. You could take out a loan from a company like New Roads Auto Loans or look into agreements that allow you to spread the cost through installments, for example.
Before you make a decision, check the terms and conditions and analyze your financial situation. Make sure you can afford the repayments if you take out a loan or buy or lease a car on finance. It’s always beneficial to set a budget before you look for a vehicle.
Compare insurance quotes
It can be tempting to accept a renewal quote or opt for the first quote you get for a new insurance policy, especially if you’re busy, but comparing quotes could save you a huge amount of money. Rather than renewing an existing policy automatically or going with the first provider you contact for a new vehicle, take time to compare prices.
Use online comparison sites to check deals and offers. You can filter results based on the make and model and the level of cover you want. When you have a list of providers and prices in front of you, focus on companies that have an excellent reputation and positive customer reviews and prioritize value for money.
Invest in basic maintenance
Every driver knows that car repairs can be expensive. Some problems are inevitable, but it is possible to reduce the risk of faults and wear and tear by investing in basic maintenance and keeping up to date with services and essential checks.
Maintaining your vehicle and addressing minor issues promptly can save you money in the long term and it will also help to reduce the risk of your car losing value.
Many of us are looking for ways to save money amid rising living costs. If you’re a driver, there are ways to lower the cost of buying and running a car. Look for the best deals when buying or leasing a used or new car and taking out auto insurance and explore different finance options.
Invest in basic maintenance and keep up to date with services and routine vehicle checks.
KT is a digital nomad who quit her job, bought a ticket somewhere, got a tan, fell in love with mother nature and she would never return to the normal life that society dictates. You can also connect with her on YouTube, Facebook, Twitter, and Instagram: @pinaynomad