Americans Spend Nearly $800/Month on Their Car Here's 5 Ways to Pay Less
A person's vehicle is an integral part of their life. It gets you to and from work, allows you to get to the store to buy certain necessities, and will get you to a hospital in case of an emergency. Not to mention, a car gives you the freedom to drive cross country on an adventure or visit friends and family. But all these benefits come at a price. Did you ever stop to think about how much you actually spend to have a car? According to statistics, the average cost to own a vehicle in 2017, including the purchase amount, car insurance and filling it with gas - is $9,576 a year.
That's $798 month. If you spend nearly $800 a month on your vehicle, you’d probably be happy to learn how you can lower that number drastically! Use these tips to save a big chunk of change on car costs.
Get Rid of Your Overpriced Insurance Premium
The truth is many of us are overpaying for car insurance as we speak. Luckily in a matter of minutes, we can change all that. Find out exactly how much you can save using this tool. Comparing car insurance policies is an absolute must and your first step in finding savings. If you care about your car and money which we are sure you do, then you should definitely do your homework before purchasing a new policy. With the presence of multiple insurance providers, deciding on a policy can feel more confusing than convenient these days. The easiest way to get the best deal for your car insurance is with comparisons online.
Stop Paying For Car Repairs
Car repairs can be catastrophic to your wallet. Especially when something happens and you don't have the funds to fix your vehicle. The average household has less than $1,000 saved and quite frequently auto repair bills can be significantly more. For many of us, saving thousands in emergency funds for this type of situation is just not feasible. For that reason, an auto warranty can be a great tool to protect your finances from taking such a big hit. The right plan can save you up to 60% on auto repairs keeping your hard-earned finances safe for use on other necessities. There are a lot of options in the extended auto warranty market. As a first step, get a FREE quote from a top auto warranty provider.
Find Better Loan Options
Another good option for saving on reliable transportation is trading in your high interest loan vehicle and financing a new or used vehicle with better loan terms. There are a number of companies that will help you find the best financing options for your budget, credit and personal needs. This company makes auto loans easier for Americans. It's simple approval criteria makes car buying a piece of cake for people with credit issues. Take advantage of this resource to explore your options and find a car loan with low monthly payments no matter what your credit score is.
Beat Climbing Gas Prices
Gas prices are soaring sky high with no ceiling in sight. These days, it's more important than ever to stretch your dollar. Luckily, by changing just a few of your driving habits you can save big at the pump! Here are 12 tips to make your car as efficient as possible.
Get Financial Assistance
If you're having difficulty filling up your gas tank week after week, or have come to the conclusion that you can no longer afford your vehicle, you’re not alone. For many households, transportation is the second-largest annual expense after housing, taking up a large portion of one’s income. The struggle to find reliable, affordable transportation in order to maintain financial independence is an issue many American families face. Despite the importance of its availability, there are still a great number of cities that only offer limited public transportation options. The lack of affordable transportation has reduced individuals access to jobs, key goods and services becoming a huge barrier for people trying to better their economic standing.
With commuting problems being a central theme for many low-income people trying to build a better future, we’ve decided to look into possible solutions. Assistance for low-income residents to find better, more affordable transit options.