With so many expenses to factor in for your car, we’re here to tell you that you should always view your car as an expense and endeavour to cut your costs in as many ways as you can. With this in mind, here are some steps you can take to save as much as you can on your car.
Refinance your car loan
Car loan refinancing means changing to a different lender who can offer lower repayment rates and more flexible payment terms. This can be best achieved by taking advantage of the expertise of a car loan broker, such as the friendly team at Simply Finance. Refinancing your car loan could really help you cut down on your loan repayments, which means you may have more money to save.
Keep your car properly tuned
If your car is making noises or not driving as well as it has been, get your car tuned. Maintaining your car regularly helps you preserve your car for longer and increases its power, handling and speed. In fact, keeping on top of when your car needs tuning can potentially reduce fuel usage by almost 30%.
Change the oil and oil filter
Over time your oil filter may become clogged. Changing your car’s oil is one of the most important things you can do to avoid bigger problems later on. Generally, you should check your car’s oil every three months. By ensuring there are no issues with your oil, you’ll save yourself thousands in what could otherwise be very costly repairs.
Check the air filter every month
A dirty filter is very bad for the engine and its efficiency. It also reduces your fuel usage by up to 10%. Air filters are not expensive and are easy to replace.
Review your car insurance policy
Your car insurance payment can take out a big chunk of your funds. If this is where a lot of your money for your car is going, review the policy. Do you need all those things they offer? Can you cut it down to what you would really need? Switching car insurers can be a great way to save hundreds of dollars each year. Shop around a little, do some research and search for the best possible deal
For more information, or if you want to speak to a vehicle financing expert, please feel free to call us on 1300 115263 or get in touch with us online.