A car is one of the most expensive purchases that many of us will make, and the expense doesn’t end there. When you consider tax, insurance, maintenance and fuel, it can sometimes seem that a car is a constant drain on your bank account.
What can you do to keep your running costs under control? The process really starts when you buy a car and at this stage there is a government website to help you to select the most frugal model. Here are some other suggestions.
Don’t Buy a Car
We are not suggesting that you take the bus, but there are alternatives to buying a car outright. Investigate companies that offer car leasing in Leicester, for example, and you may find that you can reduce your total motoring costs by not owning a car at all.
If you take out a loan to buy a car, you will be making monthly repayments. By leasing you will still be making payments but they will cover more than just the cost of the car. Road tax is usually included in the lease and maintenance can also be included, giving you the advantage of fixed-price motoring without worrying about unexpected bills.
Leasing also gives you the benefit of driving a new car every three or four years, thereby raking advantage of the latest safety and fuel efficiency technology. If you want to see whether leasing is right for you, try Totalmotion who offer car leasing in Leicester and see what deal you can get.
Even if you lease rather than buy, you will still have to insure the car and buy fuel but you can also save in these areas if you are on the ball. It is well known that shopping around can get you a better deal but do consider all the options. Comparison sites will not show you every deal, for example, and you will still need to put in a little work. Also make sure that you are not paying for more than you need, such as by checking your annual mileage and considering who needs to be covered.
Shopping around for fuel can save you a few pence a litre but you can save considerably more by driving economically or by choosing a smaller, more fuel-efficient car in the first place.