Owning and running a car can be expensive, but it’s not as though it is something you can go without. Fortunately, there are plenty of steps that you can take to reduce your expenses, making it easier to save money on the road.
Read on to find out more!
Start by checking whether or not you’re owed money
If you’ve been driving for some time and purchased a car through PCP financing between 2007 and 2021, you may be owed some money. This is because numerous motorists who took out financing from companies such as Mercedes were overcharged during this period, due to issues with discretionary commissions. You can find out more about Mercedes car finance claims here.
Switch to an electric vehicle
By now, you may be aware of the fact that switching to an EV is a great way to save money. This is because ‘charging’ your car is often less expensive than refuelling it. Not only that, but there are plenty of initiatives in place to support EV drivers, such as discounted congestion charges or free charging facilities.
Keep your car in good condition
Keeping your EV in good condition means that you’re less likely to face expensive maintenance bills in the long run, and it does not need to cost all that much money to begin with. For example, you simply need to carry out regular inspections of your vehicle and make sure that you address issues as quickly as possible.
It is also worthwhile to forge a strong relationship with a local mechanic, as this means that you know that you will not be overcharged whenever you need to take your car into the garage.
You can also make sure your car stays in good condition by being a responsible driver, as this means that you’re less likely to damage your vehicle.
Purchase car insurance
While it’s against the law to get behind the wheel without having an insurance policy in place to begin with, try to make sure that your policy provides you with the coverage you need. Otherwise, you may find that you have to pay quite a lot out of pocket if something goes wrong and making a claim becomes necessary. Conversely, when you have a comprehensive policy in place, you can rest easy knowing that both your car and your finances are protected.
Be sure to use price comparison websites when buying or renewing your insurance to ensure that you are getting the best deal for the best price. If this leads to you wanting to switch providers, let them know why, as your current provider may match the price or drop theirs even lower to retain your custom.
Final thoughts
Your car will be one of your biggest yearly expenses. However, you’ll be pleased to hear that there are plenty of ways in which you can reduce spending in this area, so that you feel as though you’re spending your money a little more wisely.