Here’s why Your car is Costing you so Much

I’m in the market for a car. I need an upgrade on the one that I have. But I really don’t want one that is going to cost me too much. I’ve literally sat down, done my investigations, and come up with all the reasons that a car can become too costly. These are the things I will pay particular attention to. By the way, yes, my ‘new’ car will be a brand new second-hand. I want to save as much as I can and I know it is possible.

Cars are expensive, right? Not only do they cost a fortune to buy in the first place, but there are always ongoing expenses that you need to be able to afford. If your money runs out and you can no longer afford to maintain your car and its related costs, then you are going to have to give up your four wheels.

Thankfully, though, it doesn’t always have to be like that. There are a few ways you can bring down the overall cost of your auto. First of all, though, you need to realize why your set of wheels is costing you too much. Here are a few reasons why that might be.

 

Expensive Insurance

 

One of the main expenses that all drivers complain about has to be the car insurance. This is a legal obligation and you won’t be able to do without it, I’m afraid. But there are ways you can try and find cheap policies. First of all, it’s necessary to shop around. Different providers will quote you different prices, so get quotes from a few different ones before you decide on which one to go with. When the time comes to replace your current car, you should also consider finding one that has a small engine as these are often the cheapest kind of car to insure.

Costly Road Tax

 

The type of car you choose will also depend on how much road tax you need to pay. Generally speaking, cars that are not particularly eco-friendly will be required to pay a high rate of tax. So, when you are looking for a new vehicle, make sure that you try and go for one that is environmentally friendly.

You’re Still Trying To Pay For It

 

I’ve already mentioned that the main cost of a car is buying it in the first place. Going for the one you can’t afford will leave you with a lot of finance to pay off, and that could easily spiral into large amounts of debt. One way around this is to lease instead of buying outright. When you go with a leasing company like ICL, you won’t be expected to pay for it all in one go before you take it home. You get to pay over the course of a few months in smaller monthly instalments that will be a lot easier to manage.

 

You’re Driving Too Fast

 

Did you know that you use a lot more petrol if you drive very fast? It’s true! If you are always forcing your car to go at its top speeds, you will find that you need to top up the tank a lot more often compared to driving at a much more gentler speed. So, if possible, you should always stick to the speed limits on the roads. This isn’t just for your own safety, as it can also save you a lot of money as well!

Carrying Around too Much Weight

I’ve always heard that you shouldn’t have too much weight, especially in the trunk (boot) of your car. It causes the car to burn more petrol! Did you know that one? I was shocked when I learnt this and quickly cleaned out all the junk I had been driving around with. Most of it was really useless but was costing me a lot of money. I really noticed that I didn’t need to refuel so often, saving me a bag of money. You should really try to make some savings this way and keep your budget in check.

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Frugal tips for maintaining your car

I finally did it! (got over a certain driving fear. Funny, but don’t laugh)

Once you follow the above tips, you’ll find that owning a car doesn’t have to be so expensive! Can you think of any other reasons why cars are costing us so much? We would love to hear your thoughts. Share in the comments below and we will amend the post!