Car, Cash & Cutting Back: Saving Money With Your Vehicle

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Let’s face it, our car is one of the biggest expenses in our lives, and it seems that no matter how many saving strategies we consider, the car is always going to come out as one of the most expensive costs in our day-to-day existence. But, when we are looking at saving money on this cash burner, are there any things we can do in our day-to-day lives that will help to cut back on unnecessary expenditure?

Your Insurance Costs

Firstly, you need to shop around. It is a lot easier now, especially with websites like www.cheapautoinsurance.co and if you shop around, you can get the best value for money. The next time you need to renew your car insurance, take the opportunity to get quotes from at least four insurance companies that have a good satisfaction rating, or have a low amount of complaints. In addition to this, there could be aspects of the insurance coverage that you don’t need. Collision coverage, for example, could save you up to 40%. [Read more…]

The Costs You Second Hand Dealer Might Not Have Mentioned

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With the average vehicle now costing the same as a deposit on a house, there are few people out there lucky enough to buy upfront. Instead, we do what we can to spread the cost or lessen it altogether. In some cases, we take out loans on the price and pay them back at achievable monthly rates. Others cut costs further by deciding to shop second hand.

There are plenty of reputable second hand dealers who can ensure even an old vehicle will serve your purposes. Buying through such dealerships reassures you about the condition and registration of the cars in question. Many would argue this is a no-brainer when it comes to choosing the new wheels in your life.

But, before you jump on the pre-used bandwagon, consider whether that second-hand car will save you as much as you think. While there’s no denying lower upfront costs, these options could actually set you back more on a monthly basis. And, with most of living from paycheck to paycheck, that could be bad news indeed. To prove the point, let’s look at those expenses and what they mean for this option.

Fuel guzzling
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