Owning a car, especially as a family man, is often a necessity, as there are so many things that are going to be made easier through having one. From commuting, school runs, and grocery shopping; they can all be improved by having a car. But with the rising cost of living, and wages not necessarily going up accordingly, cars are fast becoming something that many people struggle to afford. From buying the car in the first place to then ensuring, buying, maintaining, and being able to run the vehicle can all quickly add up. So if you are finding that you really can’t go without, public transport isn’t an option for everyone, then here are some of the ways that you can lower the cost of owning a car to make it much more manageable for your family.
Owning a car will equal needing insurance; there are no two ways around that. But there are some things that you can do about it, though. You can reduce your insurance premium in a number of ways. For example, have you ever heard of things called “affinity discounts” for car insurance? That means that if you or a family member work for the government or are in the military (or work for the military), that you can get a discounted quote. You can also add a more experienced driver to your policy to reduce the premium or take a pass-plus course. Do a little digging and you’ll find some hacks to help reduce the cost of insurance.
One of the main costs that are associated with owning a car is the cost of fuel. To counteract that, it is a good idea to make sure that your car is as fuel-efficient as possible, as well as your driving being as fuel-efficient as possible. Small things like making sure your tyres are always the right pressure can make a difference, as well as not driving with a full tank of fuel or a car full of things that you don’t need on that journey (the heavier a car is, the more fuel it uses up).
When it comes to buying a car, it saves in the long run to use cash for full or part payment, otherwise, you’ll be paying interest on a loan or finance plan. Of course, this isn’t going to be possible for everyone. You could also look to get used cars instead of brand new ones, as cars like Mercedes have things like Mercedes 18 plate deals a year after they have come out. Cars depreciate a lot in that first year, so if you are in the market for a new car, t could be wise to get a car that is new to you; one that has been used a little before you, in order to save money.
At the end of the day, being proactive with your car is really key too. Small issues with a car will get big and costly if they are allowed to get like that. So deal with any issues as they arise, and you won’t be hit with large and unexpected bills.