Driving is one of life’s greatest luxuries. Having a car completely transforms your life for the better, and every driver loves the freedom that it brings. The one thing we don’t love, however, is the cost.
Buying and running a car is never cheap. But there’s nothing worse than feeling like you’ve been taken for a ride by paying over the odds for the privilege of driving. Here are some simple, yet incredible, tips on how you can help keep those costs down without sacrificing any enjoyment.
We live in a world where it’s common practice to buy an item outright. Whether that means a cash purchase or a finance agreement, we want our possessions to be exactly that. Ours.
However, car depreciation is something that needs to be considered. Quite frankly, it could be better to suit your other options. A Subaru lease, for example, will allow you to drive a quality car without the need to blow your life savings. Meanwhile, it’s the perfect way to ensure you always have a brand new car without the need for taking major financial hits on the sale of a vehicle.
OK, so you won’t own the car. But is it really that bad? A $30,000 car might only be worth on $20,000 by the time you come to sell it. So buying hardly stands out as a shrewd investment. Besides, if you do encounter problems with the lease car, you can usually get a temporary one while yours is being fixed.
The vehicle itself isn’t your only major expense. Car insurance is a huge expense that many drivers forget to factor into their purchase. However, it can be astronomical, particularly if you are a new driver. Thankfully, a little research should help you slice a fair chunk off of those costs.
Firstly, you should make yourself aware of the various packages available. After all, any money spent on items you don’t need is nothing more than a waste. If nothing else. It’s good to know exactly what you’re signing up for. Therefore, it’s imperative that you take these steps to ensure you get the best deal.
As well as different packages, prices will fluctuate from company to company. Running a price comparison check will point you in the right direction. It could be the key to knocking hundreds off of your annual bill.
Look after the car and it will look after you. Old cliché, but very true. You’d be surprised at just how much money you could be throwing away simply through failure to employ good maintenance.
Not only do you have to consider the costs of replacing a car, and depreciation if you own it, but there’s also running costs. A poorly maintained vehicle is likely to encounter more faults, which could result in costly parts. Furthermore, those minor issues could be costing you extra cash on daily driving.
As well as saving money, it could save your life. Do we really need to say anything else?