It is no surprise that our vehicles can cost us a significant amount of money each year. However, now energy prices, alongside a whole host of other necessities, are soaring – many motorists are looking for ways to lower their expenses. This guide is going to help you by sharing some cost-effective tips. Some of the topics discussed include electric car lease deals, insurance policies, and much more. Let’s dive in.
Check Your Tyre Pressures
Too many motorists fail to check their tyre pressures regularly. Although you may think that it is not a top priority, low tyre pressures will affect your fuel consumption. Your car will need to use more fuel to compensate for the underinflated tyres. You can either top up your tyre pressures at your local garage – or buy a tyre pressure kit from your nearest auto centre. They are usually relatively cheap and will save you some money in the long run.
If this is something you have not attempted before, it can all sound a little bit confusing. However, there are plenty of step-by-step guides online that you can follow. Your tyre pressure will be a numerical value, and the requirement will differ between car models. You should be able to find this information in your vehicle’s handbook.
Practice Fuel-Efficient Driving Techniques
Fuel can cost motorists a lot of money each year – especially when the prices are increasing to an all-time high. However, there are ways that you can save money on fuel. Firstly, try and find the cheapest fuel in your area. Compare the different petrol stations near your home. You may find that it is worth travelling a small distance outside of town to get the best value.
You can also practice fuel-efficient driving techniques. As drivers, we can pick up bad habits such as harsh braking and fast acceleration. However, these habits negatively affect your fuel consumption, and you will find that you need to visit the petrol station more often. Take time to research different fuel-efficient driving techniques and start putting them into practice.
Have A Clear Idea Of Your Monthly Mileage
Every driver should have a clear idea of their monthly mileage. Not only will this help them source cheaper insurance premiums, which we will later discuss, but it will also encourage you to lower your mileage by ditching those short-distance trips for walking. We are all guilty of getting in our cars to drive down the road to the shop. Ask yourself – could I walk instead?
We become reliant on our cars, to the point where it can sometimes make us a bit lazy. Walking or riding a bike will make you a lot less reliant on your car, and you will save money on expensive fuel. Try and use your car for long-distance trips instead. You may also find it beneficial to share a car if you live with someone who drives. Instead of paying for fuel and maintenance for two vehicles, you can split the costs by owning one.
Consider Electric Vehicle Leasing
Electric car lease deals are growing in popularity, and with their cost-effective qualities and environmental benefits, it is clear to see why. On the whole, electric cars are a lot cheaper to run as they have fewer moving parts, eliminating the need for fuel and expensive maintenance costs. Leasing an electric car is a lot more cost-effective than buying outright. It lowers your monthly payments and eliminates depreciation risk.
Thanks to the internet, sourcing electric car lease deals are more straightforward than you may think. Websites like LVElectriX educate their customers on the ins and outs of electric cars and help them find a vehicle that is suitable for their needs and price point. Electric cars are paving the way for future motorists. It’s time to hop on the trend.
Use Price Comparison Sites For Car Insurance
Too many motorists are overpaying for their car insurance each year. While some of us enter the wrong information regarding mileage, others settle for the same provider each year – when they could be getting a better deal elsewhere. Each year, you should always compare insurance policies between providers with the help of price comparison sites. You can gain access to these by conducting a quick Google search.
Price comparison sites allow you to compare deals, helping you source the cheapest policies to comfortably sit within your budget. There are also plenty of tips that you can follow to reduce your insurance costs. For example, driving fewer miles, adding a named driver, and paying annually can help you shave pounds off your bill. Take a look at some more top tips online, as there are plenty that you can put into practice.
Use Parking Apps
Parking prices are soaring to an all-time high. If you live in an inner-city area, you can expect to pay more than £10 to park each day. This is not ideal if you drive to work in the city five days a week. However, there is something that can help. Parking apps are increasingly growing in popularity for their convenience and affordable prices.
Parking apps help you identify all car parks in your local area, informing you if there are any spaces available and allowing you to compare prices. They can end up saving you a lot of money each month. It is also worth parking out of the city and walking in if possible. You will find that parking naturally decreases in price the further you travel out. Parking outside the city centre will also save you money on fuel as you will avoid inner-city traffic jams.
Watch Car Maintenance Videos
If your car has a maintenance issue, most of us will not hesitate to take it to the garage. However, minor maintenance issues can be relatively easy to fix. If you try and sort out minor problems yourself, you could end up saving a lot of money over the year. Of course, everyone is not a car maintenance expert. However, there are plenty of DIY automotive channels where you can watch a step-by-step tutorial on fixing common car issues.
You can find some of the best DIY automotive YouTube channels by conducting a quick online search. This will help you become less reliant on repair garages. If an issue is too complex, it is best to leave it to the professionals. However, minor tasks like changing a windscreen wiper are something that you can easily pick up with the help of an online tutorial.
Summary
So, there we have it – seven ways to reduce your motoring costs. Electric car lease deals alongside cheap insurance premiums can undoubtedly save you a lot of money over the year. Try and put fuel-efficient driving habits into practice and keep on top of car maintenance. Failure to take care of your vehicle can lead to a long list of problems in the future, and the cost of repairs can be hefty depending on the model of the car you own. Now fuel prices are rising; it has become more important than ever for motorists to actively try and reduce their costs to help them avoid getting into a difficult financial situation in the future.