Just a quick disclaimer, I am not a financial adviser and this blog post is for educational purposes only. If you need financial advice, please consult a professional. I am not a lawyer and this does not constitute legal advice.
We cannot live without cars–at least not yet! We need to go to work, drop off kids to school, run errands, and so much more. There are multiple ways to save money on car. It takes some research and planning. More importantly, it takes action! We have compiled 51 ways to save money on your car!
If you act on even a handful of the money-saving tips below, you’ll end up with extra hundreds, if not thousands of dollars in your wallet!
Buying a Car
1. Change your mindset. A car is a great tool! It feels good to have a nice car. But remember that you are not what you drive! Your identity is so much more than that. It means that you don’t need the most expensive car to feel good or confident.
2. Don’t buy a new car! The moment you drive it out of the dealership, it will have started losing its value. In fact, it loses 25-35% of its total value just in the first year!
3. Buy almost new cars — the ones that about 1-3 years old and still has the latest features of your favorite car. As long as you choose a car that has low mileage, you are still fairly confident that it will last for a long time.