Saving Cash On Your Car - Here's How To Do It!

Posted by Ben Davidson about 8 months ago

When you own a car, you’re putting money into one of the biggest expenses that you could have after your house. It’s always going to be one of the biggest expenses in your monthly budget, which means that you need to look at all the ways that you could make savings. All personal finances can be complemented with a variety of cost-saving measures, and the more of those that you adopt right now, the better off your wallet will be. 


The problem with a car is that some of the deals that could be made are not in your best interest, but the interest of the buyer. Before you start buying a car, we’ve got several ways that you can save cash from the beginning. Let’s take a look:


  1. It may be tempting to trade your car every few years for a new model, but don’t do it! The more you trade, the more money you’ll lose on low trade-in values. You can buy a great quality car and keep it for up to seven years, and when you do that you’re not going to lose money on it, saving you up to $1,000 a year!

  2. Explore insurance options closely. Don’t immediately go for the options that a dealership tells you about, not when this pay-per-mile insurance overview can tell you more about other insurance options of which you may not have been aware. Know the options, and you’re going to be able to make a more informed - and cheaper - choice.

  3. Always consider the smaller car models out there before you buy. You may want a giant vehicle and you may want one that looks fantastic on the road, but you could get a smaller car and find that you are just as happy. You’ll also find that insurance is a lot cheaper on a smaller car.

  4. When you choose your car, think about the impact your vehicle will have on the world around you. The fuel economy is important, and you’ll sacrifice a lot of fuel when you use your air conditioning and you’ll waste even more in traffic when you stop and go constantly. You should consider the fuel economy of the car that you choose, and you;ll be saving money from day one.

  5. Try not to buy too many extended warranties on vehicles through your dealer. Most of them have very limited coverage and even though salespeople will lead you to think that they have the best option. It’s always worth researching things for yourself; you’ll see the differences out there in warranties when you do!


Your car purchase is going to be a big one, but you can shave spending on it if you are smart about it. Your car is going to keep you mobile, but the best way to be on the road is in a way you’re solvent and able to continue to afford it! You need to choose a car that works for both your needs and your wallet.


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