Take Off In Style Without Going Under Financially

Posted by Ben Davidson about 6 months ago

We all know the golden rule on car pricing and maintenance: what goes up will continue to go up. In 2008, the average price for a car was $27,958. But in 2013, that figure rose to $31,352. In 2017? $33,560. So the challenge becomes: how do you get the most bang for your hard-earned buck? Here are the most important factors that will help you get the best value and longevity from your prized vehicle. 

Filling up at the pump

As gas prices continue to rise, a vehicle’s ability to get maximum miles to the gallon will keep your pockets fuller over time. If you like road tripping, have a lengthy work commute, or just love being out on the open road, purchasing a gas friendly car is money well saved. Even better if you carpool with friends!

Stretching your dollar

You shouldn’t be the only one working. Your money can work for you as well! Set aside money from every paycheck. By investing your money into solid ventures, like gold or silver, for example, you end up being able to afford a better car than previously possible. Putting your money into savings also multiplies your money quite effectively.

Do Your Homework

We all hate doing homework, but if doing it can potentially save you thousands of dollars, that definitely adds an incentive for most of us. This means knowing the fair market price of the car you are purchasing, especially if it is a used car. If you are buying a used car, it’s crucial that the person or dealer is a reputable one and make sure to get a full inspection of the vehicle from a qualified third party.  Also, read up on the car’s features to make sure its matches up with your lifestyle and demands so you aren’t blindsided later. For example, if you live in an area with a lot of rain, snow, or even ice, having 4 wheel drive is of the utmost importance. It could even save your life.

Taking care of your baby

Once you have that car you love, there’s nothing more important than maintaining it properly. First, before buying, you should know the approximate costs of maintaining your vehicle. And most importantly, you should take a preemptive approach when it comes to car maintenance. Depending on your budget, yearly average maintenance can run from $341 for a Toyota Corolla to $2,370 for a Porsche 718 Cayman. There is nothing worse than paying miles more for a problem you could have nipped in the bud by proper regular car care, like oil changes, tire rotations, and addressing any dashboard lights immediately. This will lengthen your car’s life and de-stress your own.

Treat your car well. In return, it will give you many years of quality service, smooth riding, not to mention the entertainment value and memories associated with it.

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