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5 Ways to Save Money on Car Expenses | Car Loans Canada
18 December

5 Ways to Save Money on Car Expenses | Car Loans Canada

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Car Loans Canada

Don't worry if you are obsessed with the idea of saving money. This is a common concern for most people. If you are eager to save money on your car expenses, you are not alone.

Money Saving Tip One - Invest in Quality

You can find an inexpensive and reliable car; however, there is no denying that investing in quality is always a prudent move. Buying a well made and well-maintained car in the first place will help you save in the years to come! Also keep in mind that a high-quality car will present you with less trouble and less hassle over the years. It will likely leave you happier as well.

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Money Saving Tip Two - Take Maintenance Very Seriously

Not taking care of your car, whether it is new or used, is, in fact, one of the quickest ways to throw money out the window. If you want to rack up many unnecessary car expenses, all you have to do is skip your regular maintenance.

Money Saving Tip Three - Go for Fuel Efficiency

Buying a fuel efficient car, such as a hybrid, will save you money with every mile you drive. Gasoline is, of course, expensive. Being able to save with every mile you drive will bring a smile to your face. If you want to make that smile even larger log how many miles you drive, calculate your gas mileage and then determine how much money you are saving by opting for a fuel efficient model.

Money Saving Tip Four - Be a Safe Driver

Not only are car accidents expensive, but they can lead to other problems as well. Medical expenses due to a car accident can be simply tremendous. How can you really put a price on pain and suffering? Further, once you've been in an accident, you can expect to pay more for insurance as well. If you were completely at fault or partially at fault, you can expect your rates to rise by 15%-20%. Do you really want to save money on your car related expenses? Then be a safe and responsible driver!

How Much will Your Rates Increase After One Accident

CAA Auto Club 30% increase
State Farm 10% increase
Progressive Insurance 29% increase

Money Saving Tip Five - Talk to Your Car Dealership

Your car dealership can be more than the place where they sell you a car, as they can also act as a great source of information. Ask your car dealership what tips they have for saving money on an annual basis.

5 Ways to Save Money on Your Car Expenses

  1. Invest in Quality
  2. Take Maintenance Very Seriously
  3. Go for Fuel Efficiency
  4. Be a Safe Driver
  5. Talk to Your Car Dealership

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