Having a car at home gives you the freedom to travel at any time. However, the cost of owning a car can get to be expensive if you are not careful. Not only are car owners required to pay the local government an annual tax, but they must also keep a reasonable amount of insurance coverage on their vehicle at all times. Here are five ways to save money on your car.
Buy auto parts from a salvage yard
When purchased new, replacement auto parts are typically very costly. The cost for a set of new headlights can exceed $200. Luckily, car owners can save hundreds of dollars by buying used auto parts from a salvage yard. The best car parts to get from a salvage yard include hoods, lights, fenders, brake calipers, steering wheels, doors, and seats. Although most salvage yards offer used alternators and fuel pumps, it is best to buy these items new.
Rebuild the engine
After their vehicle reaches a certain mileage, some drivers decide that it is time to get a new vehicle. Unfortunately, the financing rates for a brand new ride are often very costly. Instead of taking on an extra monthly payment, you can have the old engine professionally rebuilt for a reasonable price. When properly maintained, a rebuilt engine can easily last for at least 200,000 miles. This can save you literally thousands of dollars in the long run.
Take advantage of car insurance discounts
If your vehicle is not insured, it cannot be legally driven on a public road. Luckily, there are some easy ways to reduce the cost of auto insurance. Reputable car insurance companies like State Farm, Geico, Allstate, or Anthony Clark Insurance Ltd., usually provide various discounts to the customers who have a safe driving record. In the event that you have received a few speeding tickets, consider taking a defensive driving course. This will effectively lower your car insurance bill.
Drive less aggressively
By limiting your highway speed to no more than 60 mph, you can save over $70 a month. Most vehicles tend to experience a significant decline in fuel efficiency when traveling faster than 55 mph.
Hire an independent mechanic
Independent mechanics are generally much less expensive than the dealership. Often times, you can find an experienced mechanic by searching on Craigslist. However, remember to ask for references before hiring them to perform any work.
Car ownership does not have to become a financial burden. If you implement these five tips, you will with certainty be able to save a lot of money in the future.