We all know that running a car is expensive but how often do we workout exactly what we are spending? There are ways to reduce costs on your current vehicle and factors to consider when buying a new car.
Firstly how much is your finance deal costing each month? Car dealers will of course try to sell you their finance package but this may not be the best deal for you. It is well worth taking the time to do some research to check out other options available. Internet comparison sites and loan calculators are useful tools to assist in this process and looking for cheap loans before looking for the car will normally work in your favour financially. The main advice here is to do all of this research well in advance. Car salespeople are well trained in their art and will almost certainly put the pressure on to accept their finance arrangements once you are in the dealership. The reason for this is the profits they can make by selling a finance deal as well as a vehicle. In fact often the finance package makes them more moeny that the car itself.
Insurance premiums have risen significantly in recent years. This is because of the increase in personal injury claims and the...