5 Simple Ways to Make Your Car Purchase More Affordable
Having a car can be a great convenience, but it can also be rather costly. In addition to the initial cost to buy the car, many people have monthly payments to make, on top of costs for gas, repairs, maintenance, insurance and more. All of these different expenses can pile up, and your car can become rather expensive to own. Luckily, there are a few things that you can do to try and lower the amount you are spending on your vehicle.
Negotiate a Better Price
The first thing you need to do happens before you even buy the car. The amount you negotiate at the dealership is going to be the largest chunk of money you pay each month towards your car, and so you will want to get the best deal possible. Try and get the monthly payments as low as possible, and don’t be afraid to walk away if the price is too high. Your future self will thank you for it.
Perform Regular Maintenance
One of the biggest inconveniences to come with a car is when it breaks down, and you suddenly need to pay out a large sum of money in order to get it repaired. To keep this from happening, you will want to perform regular maintenance on your car. Sure, this is going to cost you some money in the short term, but it will help to save you a lot of money in the long run. In addition to getting your oil changed regularly, and replacing your tires, you will also want to check the owner’s manual that came with your car for the other recommended maintenance jobs that you should be performing, and when you need to get them done.
Another way to avoid costly repairs is to simply drive more carefully. While your own personal safety should be enough of a reason to drive safely, perhaps keeping in mind the cost for repairs will help put it over the edge. If it has been a while since you’ve taken the driving exam, here are a few basic pointers for driving safely that many of us tend to forget.
Lower Insurance Costs
On top of the monthly payment for your car, you will also need to pay for your car insurance. You can make monthly payments, or if you’d like to save a little money, then you can make one upfront payment to cover the entire term. There are a ton of insurance companies out there, and each one will offer you different rates and different benefits. For example, an auto insurance company like Mercury Insurance will offer different packages to suit their customers, while some companies will only offer a specific plan that is ideal for only some people. You will want to think about your own personal insurance needs, and then talk to an insurance agent to make sure you are getting the right plan at the most affordable rate.
Save On Gas
The last thing that you can do is try to lower the amount of money you are spending on gas. If you do a lot of traveling, the amount you spend on gas will quickly add up, and can become a large part of your monthly car costs. For starters, try and use the air conditioning less, and instead opt for open windows. Don’t leave your car running more than you need to, and make sure you have decent tires on your car.
Small Savings Add Up
While you may not be able to save a ton of money with any one of these plans, if you combine them all together, you should notice that the amount you are spending on your car is decreasing. Remember that even a small saving can add up over time, and help you to find a little more breathing room in your monthly budget.
Photo courtesy of: StockSnap
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