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After property, your car is the most expensive thing that you’ll ever own. After you’ve paid a considerable amount just to drive the vehicle off the lot, there are all kinds of other recurring costs that you’ll need to think about covering. Although nothing you can do can make car ownership truly cheap, there are various steps you can take that will greatly reduce the cost.
Fuel is one of the most significant recurring costs attached to car ownership, but many people don’t know the massive potential for savings it holds. While a large part of fuel economy is dictated by the vehicle itself, there are still various good driving habits which can make a real difference. Avoid any kind of rapid acceleration or deceleration and hard braking. These are not only dangerous, but are a great way to waste the gas in your car! Cruising at 50mph for longer where appropriate can also greatly reduce your fuel consumption. One habit you should try to avoid is idling. If you know you’re going to be waiting around for a while, turn the engine off. Idling can waste up to a half-gallon of fuel per hour, whereas starting it up consumes mere seconds’worth.
Save on Insurance
Because car insurance is a legal necessity, a lot of people tend to think of it as one universal constant which they don’t have to chew over too much when they’re making a decision. This is wrong. There’s a range of ways you can shave down the cost of insurance which countless Americans aren’t taking advantage of. One good habit is shopping around every time you need to renew your policy. I know that insurance isn’t the most thrilling thing to think about in the world, but quotes can fluctuate and morph dramatically over time. The policy you got a few years ago may have been the cheapest at the time, but is it now? Cutting your coverage on older vehicles can also, cut out a massive sinkhole for your money. If it’s practical, keeping your teenager off the policy is another good way to save. Couples with teens can expect to pay significantly more to stay insured with a teen driver. This of course is before paying their fuel, for the dents they put in the car, and maybe even the fee for their DWI lawyer! It may cause an argument, but keeping your teen off your insurance is a smart move.
Keep Out of the Shop!
Car maintenance is going to be pretty expensive no matter what you’re driving. However, there are many things you can do to minimize your chances of needing any kind of work done in the first place. Cutting out the hard braking, for example, can do a lot to extend the useful life of your brakes and reduce the need for any major repair work. Aside from that, you can also learn to do a few basic pieces maintenance yourself, like changing your oil or air filter. You’d be amazed at what mechanics charge for these things compared to how cheap it is to take care of yourself!