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4 Shocking Ways Your Car Is Costing You A Fortune

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Are you worried about how much your car is costing you on the road? Here are some of the issues that you could be facing and how to handle them the right way. 

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Road Tax

You might want to start by thinking about the road tax on the vehicle. It’s fair to say that the road tax can be far more expensive than you might assume. It can easily begin to cut into your monthly budget. Luckily, there are ways around this. One of the best options is to make sure that you are checking the rate of road tax before you buy a new vehicle. You can, for instance, opt for a diesel engine when you purchase a new car. Right now there is an incentive which means that you won’t have to pay any road tax on a diesel vehicle. It is likely that this will change over the next few years. But right now it points to a fantastic level of savings. 

Maintenance

You should think about car maintenance. It’s fair to say that if your car needs a lot of maintenance, then it’s going to cost you a fortune in the long term. You won’t feel this at first, but it will start to significantly impact your bank balance. To deal with this issue, you need to consider what makes your vehicle more likely to need maintenance. You should always start with the original purchase. If you make the wrong choice here then you’re going to face significantly higher maintenance bills. This is particularly true if you buy a car used. Buying a car used can save you money but only if you choose the right dealer like Dunwell Motor Group. They will ensure that you get a vehicle that is going to serve you well on the road for years. 

Poor Driving 

If you are worried about the cost of your vehicle, then you should always think about your driving habits on the road. The wrong driving habits can lead to you using more fuel and damaging the vehicle over time. Some of the biggest problems here include pushing the car too hard and braking too sharply. If you brake hard you are going to wear down the brakes quicker than you would with softer braking. This is also about being more attentive to your surroundings on the road and that could ultimately reduce your chances of being involved in an accident. As such, there is more at stake here than just your bank balance. 

Insurance

Finally, you do need to think about how much your car is going to cost to insure. It’s fair to say that the wrong insurance plan can cause the costs of your vehicle to the balloon. There are various issues that can drive the cost of insuring your car through the roof. One of the most common problems is where your vehicle is going to be stored. That’s why when you are buying a property, you should make sure that it comes with a secure place to secure your vehicle out of sight. 

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Emma Drew

Emma has spent over 15 years sharing her expertise in making and saving money, inspiring thousands to take control of their finances. After paying off £15,000 in credit card debt, she turned her side hustles into a full-time career in 2015. Her award-winning blog, recognized as the UK's best money-making blog for three years, has made her a trusted voice, with features on BBC TV, BBC radio, and more.

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