Pin It

Burn the Bills: 4 Useful Tips for Lowering Your Costs as a Car Owner

There are a lot of costs in owning a car. If you’ve been pressed for cash lately, here are just a few ways that you can lower your bills and save more money on your vehicle.

  1. Lower Your Premiums

Auto insurance is one of the biggest expenses faced by car owners. Fortunately, you don’t have to be stuck with sky-high premiums. Ask your insurance company about taking a driver’s ed course or beefing up the security features of your vehicle to qualify for lower rates. They’re often available to drivers who can prove that they’re less of a risk.

  1. Refinance Your Loan

Are you struggling to make ends meet with a car loan that no longer works within your budget? Consider refinancing. You might be able to lower your monthly payments into something much more manageable. If you don’t know where to get started, try a car refinance rates calculator.

  1. Get Discounts on Your Gas

There are many ways to save money on gas. You can join the loyalty program of your local gas station or grocery store; you can sign up for a credit card that gives cashback on gas purchases. You just have to be willing to find these discounts and make use of them.

  1. Maintain Your Vehicle

This one is easier said than done, but if you can get into good maintenance habits, you’ll be more likely to notice small problems before they become big ones. Wouldn’t you rather pay for a new oil filter instead of an entire mechanic trip caused by dirty oil?

If your paycheck is looking a little thin these days, consider these strategies for lowering your car ownership costs. You can also check us out at RateGenius for more ideas and resources, including a car refinance rates calculator!

Be the first to like.