For many, the car is more than just a means of transport as it can facilitate everyday life and give greater freedom. Unfortunately, there is more that costs than just the fuel – but there are simple tricks that can lower costs considerably. We go through some of them.
New or older car
Is your car a few years old, maybe it’s time to sell it to be able to update to a newer model? An older car can be a bit tricky to own. It often uses more fuel than newer cars and may need expensive repairs that you didn’t anticipate. A newer car is more expensive to purchase than an older car, but at the same time you get a better overview of the costs as the risk of unexpected faults occurring is not as great.
Costs of owning a car
The car must be insured, inspected, the tax must be paid and with each passing year, the car has a significant reduction in value. If it is a newer car, you also need to service the car more often for all warranties to apply – and that costs money. However, a new car does not need to be inspected until three years after it was first put into use. After three years, the car must be inspected every year
Inspect your car continuously
You can save thousands every year just by taking care of your car, fixing minor faults immediately and reviewing your usage. Maybe you don’t have the same need for the car today as you did when you got it? Check out , where you can search for your particular model and the monthly cost.
Take care of your car
By taking care of your car, you can prevent many problems – wash and clean the inside and outside, service regularly and fill in any stone chips. If you take care of your car, you can avoid a domino effect of damage and have the opportunity to detect problems early enough that they are cheaper to fix. How you have taken care of your car is also important if you want to be able to sell it in the future. Poor condition can mean a significantly lower valuation because many things are looked at such as model year, mileage, equipment and condition. Therefore, make sure to keep your car clean and tidy.
Use engine heater
During colder periods, it can be good to use an engine heater as a cold car uses more fuel than a warm car. An engine heater can be seen as an investment as it costs a bit to acquire but pays off in the long run. Just make sure you have a timer that can turn on the engine heater 30 minutes before you are going to use the car so as not to waste energy unnecessarily and reduce the cost in the long run.
Insurances differ both between different insurance companies, but also depending on which car model you have. Therefore, compare different insurance companies and see if you can negotiate a good price. Sometimes it is possible to bring down the total cost by collecting all your insurances with the same insurance company and sometimes it is the opposite best to spread them out.
If you are going to borrow money for your car, you should compare different car loans to find the best option for you. With us, you can apply for a car loan to either repair damage, make updates or finance all or part of the purchase.