Home » Books, Poetry & Writing » Books » Business Books

20 WAYS TO SAVE $50000 ON YOUR CAR

Ranked #5,910 in Books, Poetry & Writing, #213,342 overall

You can save big money on your car expenses.

You know it better that you spend thousands of dollars on different cars in your life time.

With inflation and gas prices skyrocketing, it becomes harder to save money and we wander where all our money being spent.

If you can learn a few methods to save money on your car, you can save thousands of dollars and if you invest this saved money and get 10% annual return you can retire rich and happy.
1. Never buy a new car always buy a car that is 2 or 3 years old, and invest the difference for the long term.

2. When buying car, buy a car with good fuel efficiency and that has less insurance expenses. Usually expensive cars consume more fuel and their insurance is also high.

3. You should spend no more than 20% of your household income to buy and maintain your car. If you are spending more than 20% of your income on your car, you are in trouble.

4. Buy a good quality car and drive it for longer period instead of trading it every few years. Keep the car for at least 5 to 7 years.

5. Drive less. Find a job near your home and on weekend go for walk with your family instead of going to shopping center.
6. Go for shopping just once every week.

7. Get on the internet to find the cheapest gas station near your home.

8. When going on long drive, drive at the speed of 90 km/h, you will consume less fuel.

9. When driving in your city, choose the road with less traffic lights.

10. Use alternative transportation twice every month.
11. Check the air pressure of your car tires once every month. Otherwise you are wasting 6% extra expensive gas and risking a blowout.

12. Wash your car yourself once every month.

13. Follow the driving rules to avoid fines. Avoid fines for speed and wrong parking.

14. Get on the internet to find the cheapest car insurance

15. Another way to save money on fuel is to make sure you are pumping gas yourself on self service gas station. Self-serve gas is usually 5% to 10% cheaper.
16. Be aware of gas prices at the other gas stations. But don't fill your gas tank when the prices are down because you drive more when you see your gas tank is full.

17. Change the oil and oil filter of your car every 6000 kms.

18. Ask for a discount from your car insurance agency. Check the insurance rates in other insurance agencies if you have good records.

19. Develop Gas saving habits such as always accelerate gently, watch traffic ahead of you and slow down, it takes 20% more fuel to come to normal speed from a full stop, Maintain a steady speed on highway.

20. When buying car with car loan, You should ask the salesmen about the total price of the car not the monthly installments. The salesmen try to sell you car on high price with low monthly installments but for longer periods ( 5 to 10 years car loan).

Image Credit analyser, mrceviz, topfer, ambrozjo, nornir

Final Thoughts

Sometime people want to save money on their car expenses but they don't know how?

Here in this article we have summed up 20 best ways to save money on your car. You should follow some of these simple points and save money and invest for the longer term.

If you buy a used car that costs $10000 instead of buying a new one with $20000, you can invest the difference of $10000 and get at least 10% annual return for 10 years and if you invest also the extra $100 per month that you may save by following above written 20 points, you will have $50000 saved in your bank account in 10 years.

Download this Book FREE

Becoming financially secure is not about how much you earn but how much you save. If one family earns $50.000 per year and spends all the money. Another family earns $50.000 per year and save $10.000 per year. According to you which family is financially secure?

Do you find it difficult to save money? Then you should read this book. You should save money BECAUSE more money will free you from doing what you dislike.

If You Enjoyed This Book Review, Please Share Your Comments. I Need Your Encouragement To Write More Arilcles. Thanks!

Show All

My Favorite Articles

4 DIFFERENCES BETWEEN RICH AND POOR
We all want to become Rich, but most of us pass our whole life dreaming to become rich one day. Have you ever wondered why some people are able to accumulate so much money and others suffers financially their whole life.
SIX STEPS TO FINANCIAL FREEDOM EARNING $30000 ANNUALLY
If you are one of those people who earns less than $30000 annually then this article is for you. After reading this article and by applying some of these steps you can achieve financial freedom.
HOW TO INVEST ONLINE?
The Internet offers huge potential for investments, now you can buy stocks, bonds, Etfs, mutual funds and other investments online without brokers.
7 LESSONS LEARNED FROM MILLIONIRES
Do You Want To Become A Millionaire? The formula is simple. If you want to become cook you should study cooking, if you want to become lawyer you should study law. The same is truth with becoming millionaire if you want to become a millionaire%u2026
5 QUALITIES OF SUCCESSFUL INVESTORS
According to the Pareto principle 20% of the stock market investors make 80% profit and the other 80% investors make only 20% profit. Do you want to join the 20% investors that make 80% profit then follow the below written 5 rules.
9 FINANCIAL TIPS FOR YOUNG ADULTS
Nowadays there is a growing interest for financial literacy among the young adults. In the last 2-3 years, young adults have seen the biggest financial crisis ever. Young adults have understood that no job is secure in the current economy, they should work to learn instead of working for money.

Latest Book Reviews

Loading

I Recommend

Loading

by

readtoawake

Hello Friends,

First of all, let me tell you about myself before I tell you what I am offering you. I love reading books. I like to share with others... more »

Feeling creative? Create a Lens!

Explore related pages

Related Tags