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Top Tips to Slash Your Car Expenses

In life, there are a few big purchases that most of us will make. The first is our home and the second is a car. Owning a vehicle can be a big expense and so this is a good opportunity to see if there are any areas in which you can slash your own car expenses through options such as car leasing and fuel consumption.

Here we are taking you through some of our top tips to help you slash the monthly outgoings on your car.

Saving On Fuel

One of the easiest ways in which you can save money on your car expenses is to think about how much you are spending on fuel and where here you can reduce costs. If you are speeding or are rapidly accelerating your speed, then you will be wasting fuel. Try to drive more sensibly and you could potentially save hundreds every year on fuel.

Turn Your Engine Off

If you have parked your car and are sitting around waiting, make sure that you switch off your engine to ensure that you are not unnecessarily wasting fuel. Did you know that you can potentially use up to half a gallon of fuel in an hour by doing this? Think of the money here that you could save!

Shop Around for Insurance

One of the biggest monthly outgoings of a car is the insurance that you have to pay. If you are going to need new car insurance soon, make sure that you shop around for big savings and take the best option that will save you cash. There can be hundreds of pounds of difference between different car insurance providers, so this can potentially be an absolutely massive saving for you! If you are driving an older vehicle, it can also be worth reducing the coverage on your car as it may cost more to repair it than the car is actually worth.

Get A New Car

As we just mentioned, sometimes with older cars, they start to cost a lot more in repairs and maintenance than they are worth. If this is the case for you, this might then be a good time to start thinking about investing in a new car by car leasing. What’s great about getting a new car now is that there are plenty of different options available to you. While many people still choose to take a car on finance, car leasing is definitely on the rise and is a popular option as it can save you a tonne of cash as there should be little in the way of repairs and maintenance.

Stop Hard Braking

Again, repairs can be a huge outgoing with a car and so you will want to try and avoid this as much as you possibly can. One of the easiest ways to try and maintain your car is to stop hard braking. Aggressive driving can really wear down your brake pads, Try and avoid doing this so you can extend the life of your break pads.

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