Running a car can be a big expense for a family. The recent rise in fuel prices isn’t helping either. With other price increases adding further pressure to your finances, it makes sense to find ways to stretch your budget. And your car is a great place to start.
While you may not be able to get rid of your car completely, there are ways you can cut its running costs. Take a look at these 4 ways to make your car cheaper.
Swap it for a different car
One of the simplest ways to cut your car costs is by switching to a different car. Do you really need a top of the range model? Or a sports car with no boot space? It might be time to make some sacrifices and switch to a car that will cost you less each month.
Finding a new or used car at a cheaper price than the one you have can free up more of your budget. You can find a great selection at Edmunds to choose from. You might even want to buy a car outright instead of a monthly finance deal to help you save on your monthly costs.
Use it less
Another easy way to reduce the cost of your car is to use it less. Fuel costs have risen, which can have an impact on your weekly spending. Are there alternatives to using your car that you can pursue? From walking more to lift sharing, it’s worth exploring cutting your car use by a day or two a week.
Make your insurance cheaper
Insurance is another big car cost, but it’s another one that can be reduced. If you want to make your car insurance cheaper, look at switching to a different provider. You can also check that you’re doing everything possible to keep your premium low, such as storing your car securely and driving safely. Avoid auto-renewing as your costs are likely to go up – switch or haggle with your own provider to keep the cost down.
Take better care of it
A car in need of a lot of maintenance is going to cost you a lot. By taking better care of your car, you can avoid expensive repairs and needing to replace your car more frequently. Be a safe driver and avoid reckless behaviour – you can avoid accidents that not only lead to costly maintenance but raised insurance costs too. Keep an eye out for signs of damage or wear and get your car checked out regularly to keep it running as it should.
Making your car cheaper is an effective way of reducing your budget. Making changes to your habits will help you be less reliant on your car, saving you money while potentially helping the environment too. Is it time to cut the cost of your car? Explore the changes you can make to free up some of your family’s finances.
This is a collaboration post