The overall ways to keep the cost of car ownership low
The total money that you spend on car insurance, maintenance, repair and vehicle ownership in its service lifetime is not less than that you hand to the car dealership at its purchase, and these expenses continue to rise. Take fuel as an example, its price reached record high in 2008 and experts foretell a possible continuing rise in the future. More and more people find it hard to sustain their car ownerships. However, there’s always something called solution. Below are some simple and easy ways that everyone can have a try to reduce costs with one’s car.
* Get slick to reduce maintenance costs and to save fuel.
Upgrading to one of today’s modern high performance motor oils can make a meaningful improvement to your car’s fuel economy and engine life. For instance, independent studies have documented that Royal Purple motor oil improves fuel economy by as much as 5 percent and significantly reduces engine wear. Using high performance synthetic motor oil, as opposed to conventional oils also allows for more miles between oil changes, reducing maintenance costs and the amount of time spent on maintenance. You’ll pay a little more for premium motor oil but the savings in fuel and reduced maintenance costs more than make up for the higher price.
* Reduce your insurance costs by doing your homework.
One of the simplest ways to reduce insurance cost is simply to shop around. Prices vary from company to company, so it pays to do your homework. Get at least three price quotes. You can call companies directly or access information on the Internet. Your state’s insurance regulator may also provide price comparisons. Other ways to reduce insurance costs can be found by visiting the U.S. Insurance Information Institute’s Web site.
* Mind the air to save money on fuel.
The U.S. Energy Department reports that under-inflated tires can increase fuel consumption by up to 3 percent. One study estimates that 50 to 80 percent of the tires rolling on U.S. roads are under inflated. Astonishingly, we could save up to 2 billion gallons of gas each year simply by properly inflating our tires.
Secondly, a clogged air filter can increase fuel consumption by as much as 10 percent. Air filters keep impurities from damaging the interior of the engine, so replacing dirty filters will save gas and protect your engine.
An astute driver can save hundreds of dollars a year on automotive expenses without buying a new car or changing lifestyle. All it takes is a little time and research, and the good sense to choose better performing products.