Keeping my car on the road for a small cost seemed impossible at one time, especially when I had to take into consideration the regular service check-ups, gas stops and cleaning expenses. Thankfully there are a few things I have learned over the years, all of which allow me to run my vehicle for a reasonable price.
Take Out a Lease on a Car
If you’ve spotted the car of your dreams yet feel the price tag is a little on the high side, you could opt for the fully maintained lease option. Many dealers will allow drivers to buy into this system, which enables the consumer to pay monthly installments as opposed to putting down a larger-than-life sum. Included in this contract are free services on the vehicle, an impressive warranty, and the option to upgrade when the new model arrives. At the end of your lease, you can either pay up the remainder and buy the car outright or sell it back to the garage.
Shop Around for Insurance Policies
When it comes to insuring your vehicle, it is important to check each and every insurance policy available. Shopping around and using the likes of comparison sites will allow you to source the best and lowest priced policies on the market. If you are a first time driver, you may find that you are being quoted a higher rate. In this scenario, adding yourself as a third party driver to your parent’s insurance will instantly lower these costs – but only do so if you are only using their car occasionally; if you use the car all the time, and it is your car, you should get comprehensive insurance coverage.
Keep Your Vehicle in a Secure Place
If you are lucky enough to have a driveway or garage, inform your insurance provider of this. Keeping your car off the road will instantly lower your premiums.
Keep your vehicle serviced regularly
Although regular services can be a little on the expensive side, having a road-worthy vehicle is a sure fire way to keep maintenance costs down. If your car requires a little work, make sure you put this work in motion before the problem becomes worse. If you are short of money or have been refused a loan in the past use services such as Everyday Loans’ online loans for bad credit history in order to cover these costs and find an affordable loan. Remember though – only take out a loan if you know you can repay it down the line.
Although a speedy sports car is the car we all desire, it’s not the most practical. High-powered engines, flashy vehicles and modified bodywork can make running and service costs soar. Try to equate for these costs when it comes to buying a new car. A small yet nifty vehicle will cost less to refuel, less to service and less to insure.