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Car Costs: 5 Frugal Tips to Make Your Vehicle More Cost-Effective in College

Feb 21, 2018

The costs to keep your car up and running can be substantial. Like many consumers, you might wonder what options you have to decrease those costs. Fortunately, there are some options available to you. Use these five tips to make your vehicle more cost-effective.

Maintain the Car

Preventative maintenance will largely keep you from needing more expensive repairs in the future. Preventative maintenance includes getting your car in for regular oil changes and diagnostics to ensure everything is still running in tip-top shape.

If something is not, your mechanic will point this out to you and you can get the issue repaired before it becomes a costly, significant problem.

Shop for Cheaper Insurance

Car insurance is expensive. Unfortunately, it’s not worth it to cut corners in most coverage levels, because the minimum mandated coverage is not going to go very far in a serious accident where you have to cover medical bills.

However, there are ways to save. Shop around at different companies to see if you can find a better rate. See what coverage you could trim from your policy. If you have an older car, for example, collision insurance might not be a good buy because any damage will likely cost more to repair than what the car is worth.

Watch the Tires

You should check your tire pressure often. Under-inflated tires will wear out faster and waste gas. On the other hand, tires that are properly inflated will give you better gas mileage and work to reduce friction.

Always work with a professional like Evans Tire & Service Centers or someone similar to invest in quality tires. They might be a bit more expensive initially, but they will last longer and generally be safer. Keeping your tires in good condition can prevent costly accidents or needing an expensive tow truck to rescue you from the side of the road.

Increase Fuel Efficiency

Even if you don’t have a hybrid, there are still things you can do to increase the fuel efficiency of your vehicle. Driving slower and accelerating more smoothly will use less gas. Changing your car’s various filters at regular intervals prevents dust and gunk buildup that can decrease fuel efficiency.

Swap for another Car

It is possible to get out of your contract and give the lease on your car to someone else. You can then pursue something more affordable or fuel-efficient. You may also decide now is the time to get rid of your old clunker and get a hybrid car. There will be a greater expense upfront to do this, but it will save you much more money over time in gas costs.

You can save money on vehicle-related costs in any number of ways. Try these suggestions and your pocketbook should soon notice the improvement.

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