3 Things You’re Probably Paying Too Much For This Winter (And 1 You’re Probably Not Paying Enough For)

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For most of us, our cars represent a necessary expenditure. We need them to go to work, to drop the kids off at school and to carry out the myriad quotidian obligations and errands that I believe the cool millennial kids call “adulting”. But let’s not pretend that our vehicles can’t enrich our lives. There’s nothing quite like the feeling of freedom that comes with knowing that you can take to the road and go wherever you choose without placing yourself at the whim of costly and unreliable public transport. Plus, driving is a lot of good old fashioned fun, too! It helps us to relax and meditate when we are stressed, it helps us to concentrate when we’re spread too thin and it makes us feel calm and in command. Yet, while a car offers us many benefits, this doesn’t mean that we aren’t paying over the odds, especially around this year.

If you want to make sure that your Christmas tree has stacks of fabulous presents under it this year, it’s worth carrying out a thorough audit of your car expenses. Here we’ll look at 3 things you’re likely spending too much on (as well as one that you probably aren’t spending enough on)…

You’re probably paying too much for gas

Depending on your driving style and your spending habits you could find yourself paying way more on fuel than you should be. Aggressive drivers tend to use more fuel as do those who buy fuel only when the gauge runs down to “empty”.

Thinking more strategically about where and when you refuel can save you a surprisingly large amount on gas, as can adjusting your driving style and easing off the gas before relying on the brakes (which can save you on both your brake discs and pads and your fuel).

You’re probably paying too much for insurance

If you stay with the same insurer year on year, you’re almost certainly overspending on your insurance policy. While it may be temptingly easy to allow your policy to roll over when it expires this small convenience is not worth what you’ll pay in excessive premiums. You may be able to get a much better deal from an alternative provider. As you can see in these Metromile reviews, you can make great savings especially if you are a low mileage driver. Remember that some policies will allow you to change to a new provider before they have expired.  

You’re probably paying too much for your finance

When we first buy a car we may not have the best credit and this can limit our options when it comes to financing our vehicles. However, over time our credit scores can improve getting us access to superior financial products. If this is the case, you may find that refinancing your vehicle allows you to get a better deal with a lower interest rate, allowing you to pay your car loan off quicker and leaving you with more disposable income to pay for fun things like presents.

You’re not paying enough for winter tires

Finally, while there are many things you may be paying too much for you likely aren’t spending enough (or anything) on winter tires. These are an essential investment for your safety and they can also save you money in the long term. Their deeper tread and non-hardening composition give you better purchase on the road allowing for better fuel efficiency and reducing wear on your costlier summer tires.

 

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