Owning a car is more than just a thrill or a responsibility. It\u2019s also a cost. In fact, for the vast majority of people, it tends to be the second biggest cost we\u2019ll ever have in our lives. Just behind the money that we spend on our homes. So it\u2019s important for daily life that we ensure we take care of those costs. That we budget them and look for ways to improve them. Here\u2019s how you should consider living with the costs of your car.<\/p>\n

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The car itself<\/strong>
\nOf course, the largest part of your costs is going to be paying for the car itself. When you\u2019re going to buy a car, make sure you get pre-approved so you know how much for sure you\u2019re able to spend. Take into account not just the car payments, but the tax involved in the purchase as well. When buying a car, avoid blunders<\/a> like not getting an inspection or financing directly through the dealership. Make sure you know all your options and put yourself in the best negotiating position possible.<\/p>\n

Insurance<\/strong>
\nAfter the car, the next biggest cost will be your insurance. Insurance is mandatory by law, so don\u2019t imagine that you can skimp out on it, too much. At the same time, you don\u2019t want to necessarily stick to the minimum amount of insurance you can. You want coverage for some of the more likely scenarios. So that means reducing the costs<\/a> in other ways. For example, opt for a higher voluntary excess. Don\u2019t pay by direct debit. Think about how much you actually drive so you can agree to a lower mileage cap on your insurance, reducing the price.<\/p>\n

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Maintenance<\/strong>
\nFor most car owners, maintenance and repairs aren\u2019t what you would consider a regular cost. However, they will come at some point. If you don\u2019t have the money prepared for them, you\u2019re going to find your car finances eating into your regular living finances. You don\u2019t want that to happen, so save up a car maintenance fund. Take a thorough look at the car services<\/a> around you to see what they offer for their price. Again, maintenance isn\u2019t something you want to skimp on. But that doesn\u2019t mean you can\u2019t afford to be competitive with finding quotes.<\/p>\n

Fuel<\/strong>
\nThe last of the very regular costs worth consider is fuel. Not just for your wallet\u2019s sake, but for the world\u2019s as well. Taking care of your spark plugs is an essential to making sure you\u2019re getting efficient use of your fuel<\/a>. As is how you drive your car. For instance, if you\u2019re likely to rocket off from a stopped position or brake too harshly, you burn a lot more fuel in those moments. As well, you should simply consider when it\u2019s equally as viable to walk instead of taking the car.<\/p>\n

The above tips should have hopefully given you a better idea of the costs involved with buying and running a car. Make sure you take all of them into account before your next purchase.<\/p>\n","protected":false},"excerpt":{"rendered":"

Owning a car is more than just a thrill or a responsibility. It\u2019s also a cost. In fact, for the vast majority of people, it tends to be the second biggest cost we\u2019ll ever have in our lives. Just behind… Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":389,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"\n