Saving Money On Your First Car

Passing your driving test is an exciting experience but picking out your first car is even more so. However, despite the excitement, it’s still a decision you need to take with care. Buying a car is one of the biggest purchases you’ll ever make and choosing your first car is even more so, especially if you don’t have savings in which to buy it. While a payday loan could provide relief in a financial emergency, you’ll want to save money on your car from purchase all the way through its lifespan to ensure you make the most out of your money and your vehicle. We’re taking a look at how, below.

Look At Used Models

As tempting as a brand new car can be, you’ll often find that you can pick up a good-as-new alternative from a dealership specialising in new and used vehicles. Alternatively, classified listings and private sellers can also provide good deals on cars that are perfectly fine which could be what you need for your first car. Of course, used cars should be bought with caution – while you can usually trust a dealership, you should always examine a car bought from a private seller or have a professional take a look to ensure it’s in a good, safe condition to drive.

Shop Around For Insurance

Insurance for your car is the next big cost you’ll have to consider when buying. It’s important to make sure you shop around for the best deals and if you decide to shop around, never purchase straight away. In fact, if you make the comparison and then step away, you’ll usually get a call or two in the following days from other insurance companies that aren’t listed on the comparison who often have much better deals for you to take full advantage of. You could also opt for the installation of a device on your car that will keep track of how you drive. The better you drive, the lower your insurance could be the next time around!

Save On Fuel

While fuel costs won’t be a lot all at once, it is an ongoing cost that you need to consider. Luckily, there are plenty of ways for you to improve the efficiency of your fuel and therefore lower the overall costs. By driving sensibly – in other words, don’t speed, rapidly accelerate or brake too hard – you can make the most of the fuel you have and prevent any fuel wastage. Shutting off your car when you’re idle, reducing the amount you use your heating and air conditioning and keeping your tyres well inflated will also promote better use of the fuel you buy and are extremely simple to keep up with.

Drive With Your Car In Mind

The cost of repairs on your vehicle can quickly add up, so taking good care of it is the best way to reduce the money you’re spending overall. While we don’t expect you to sit and read your owner’s manual cover-to-cover in one sitting, keeping an eye on what your car needs when it needs it can prevent you from damaging your car and having to take it in for repairs. Additionally, cutting out hard braking or over-oiling will stop you from needing expensive maintenance in the long run, and ultimately save you money over the lifespan of your new car.

Having access to your very own car and the ability to go wherever you want when you want is an amazing feeling and so buying your first car truly is an exciting and rewarding experience. However, it can also be expensive so taking note of our money saving tips could help you reduce your overall car costs and enjoy your new vehicle for longer.

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