Owning any sort of modern vehicle leads to high monthly costs. There’s no avoiding that. The initial price you pay for a new car is only the first expense of many. That being said, you can save vast sums of cash by taking a calculated approach to maintaining and driving your vehicle. It’s always going to be expensive, but you can reduce your monthly automotive bill by taking a frugal approach to car ownership. Let’s talk about some of the smart ways in which you could protect your finances. Here’s some money-saving advice for new drivers.
Haggle with the dealer.
If you’ve yet to buy your first car then you have a big opportunity to save some money here. Dealers are salespeople, at the end of the day. They’re looking to make a profit, pull in some sizeable commissions, and perhaps even throw in some added features that you don’t really need. That’s why it’s important to do your research before you head to a dealership. Ideally, you should figure out which car you want so that you’re not swayed by a sales pitch for a more expensive vehicle that isn’t really right for you. In fact, if you really want to save money on the initial purchase of your first vehicle then you should learn to haggle with the dealer. Remain only casually interested even if you really want the car in question. If you’ve seen cheaper deals for the model elsewhere then use this as a talking point to encourage the dealer to undercut the cheaper quotes on the market.
The smartest piece of money-saving advice for new drivers is to drive smartly. For starters, accelerating and braking heavily are both uneconomical in terms of fuel usage. But it’s also about protecting yourself, others on the road, and your car. You don’t want to end up in a costly accident, as many new drivers do whilst they’re still adjusting to independence on the road. There’s no instructor sitting beside you. It’s up to you drive economically and cautiously. Think about your back pocket and road safety. That’s the best piece of money-saving advice you can take on board as a brand new driver.
Of course, even the most cautious drivers can be the victim of road incidents. You reduce the risk of exacerbating dangerous situations by driving defensively, but you should be prepared for situations such as bumps with other drivers on the road. You might want to seek the legal advice of a car accident lawyer to explore your options in such an event. It’s important that you get the necessary financial compensation in the event of a road accident that wasn’t your fault. The most important thing is that nobody is hurt, but the costs of repairing a vehicle can be substantial even if there are no medical expenses to face. If you want to mitigate the cost of such an incident then consider your financial and legal options for the best outcome.
Maintain your vehicle.
We’ve talked about saving money by driving your car sensibly whilst you’re on the road, but what about when you’re off the road? Your vehicle wears out over time, and this happens whether it’s used or not. Again, for your own safety as well as your finances, you should maintain your vehicle well. Perform routine checks, and be thorough before a long drive. Make sure you keep tyres inflated to avoid breakdowns on the highway. Not only will this help you to avoid paying for an expensive call-out to get roadside assistance but it’ll also increase your gas mileage. You also need to get the right motor oil for your engine if you want to maintain good gas mileage. It’s all about driving economically.
Make sure you don’t shy away from necessary expenditures. It’s better to spend a little bit of money on your car now rather than a lot of money further down the line. If one of your routine checks raises a red flag then take your car to a garage to get it checked out. If you pay for auto repair before a problem really becomes a problem then you’ll save yourself a lot of money. Additionally, you should aim to leave a gas station with a full tank every time you visit one. Otherwise, you’re wasting gas and money by making frequent trips to the gas station just to fill up the tank a little bit. Maintaining your vehicle is about spending money now so you don’t incur bigger costs later.