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If there’s one big monthly expense that most people share, it’s car-related costs. Between having to pay for gas and insurance costs, some people find themselves having to pay over $1000 a month on those things alone. If that wasn’t enough, there are even more costs that creep up over the course of the year related to your car, whether you lease your car or take it to the mechanic for tune up.
Some people find themselves spending thousands a year on their car. Believe it or not, a large portion of that can be avoided by learning the right money-saving tips.
Take a look at some of the most effective ways for drivers to save money.
Table of Contents
Buy Used
One of the biggest money mistakes you can make with your car is buying a new one. A lot of people are under the impression that buying a new car means a better car, but this couldn’t be further from the truth. Buying a quality used vehicle over a newer subpar vehicle can save you thousands. If you want to save even more, money buys a used economical vehicle that gets great mileage.
Sign Up For Fuel Cashback
Gas is quite easily the most expensive recurring cost associated with owning a vehicle. While you can’t exactly replace gas with something cheaper, like, say, water, the next best thing is earning a little each time you buy gas.
Signing up for a cashback card option is a great way to make money on your gas purchases. Even though it’s a small amount per gallon, you’d be blown away by how much it can add up over time.
Buy The Right Kinds of Tires
Believe it or not, the kind of tires your car has plays a huge role in how well it runs. More expensive tires offer more than just better traction. They also increase the life of your fuel and require less replacing.
Even though it can be tempting to go for cheaper tires when you’re faced with the choice between two prices, buying cheaper always winds up costing more in the end.
Don’t Buy Premium Gas
Every time that you go to the gas station, you’ve likely noticed the option for premium gas. While retailers insist that premium gas offers increased performance, it’s hardly enough improvement to warrant the price increase.
Don’t bother wasting your money on premium gas, and instead opt for the more affordable option.
Let Your Car Warm Up
Cars aren’t as efficient before they are warmed up. If your car is cold and you drive full force immediately after starting the ignition, you’re going to use more gas while simultaneously wearing out the engine.
Instead, let your car engine warm up a bit and drive slowly until it’s had time to warm up.
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