Other Transportation Saving Tips

Gasoline

  • You can save hundreds of dollars a year by comparing prices at different stations, pumping gas yourself, and using the lowest-octane called for in your owner's manual.
  • You can save up to $100 a year on gas by keeping your engine tuned and your tires inflated to their proper pressure.

Car Repairs

  • Consumers lose billions of dollars each year on unneeded or poorly done car repairs. The most important step that you can take to save money on these repairs is to find a skilled, honest mechanic.
  • Before you need repairs, look for a mechanic who: is certified and well established; has done good work for someone you know; and communicates well about repair options and costs.

Auto Loans

  • If you have significant savings earning a low interest rate, consider making a large down payment or even paying for the car in cash. This could save you as much as several thousand dollars in finance charges.
  • You can save as much as hundreds of dollars in finance charges by shopping for the cheapest loan. Contact several banks, your credit union, and the auto manufacturer's own finance company.

Other Ways To Save on Transportation

  • Car pool to work, if at all possible. By sharing the driving with just
    one other person, you could save an average of $14/month or $168/year in gasoline alone, if your commute is 20 miles round-trip each day. Sharing the driving with two others increases your savings to $19/month or $224/year.
  • Another benefit to car pooling is that it reduces the annual mileage on
    your car. Since this reduces the risk of accident, your insurance company charges you less for your coverage.
  • Wasteful driving habits can double your fuel consumption. Develop
    gas-saving habits, such as: (1) always accelerate gently. (2) watch traffic ahead of you so you can anticipate slow-downs and avoid stops. Coast up to traffic jams by lifting your foot off the gas pedal instead of approaching at full speed and slamming on the brakes. It takes 20% more gas to accelerate to normal speed from a full stop than it does from four or five miles per hour. (3) don't drive too fast or too slow. It takes 20% to 30% more gas to drive at 70 mph than 50 mph. (4) maintain a steady speed on the highway. Avoid getting stuck behind slow cars where you have to slow down to their pace and then speed up to pass.
  • Don't warm your car up by letting it idle. The engine warms up faster
    when driving than it does when idling, and idling wastes about a quart of gas every 15 minutes.
  • Save fuel by combining errands into one trip and avoid backtracking
    whenever possible.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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