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Car loans in Australia

Follow These Tips to Save Money on Your Car

July 31, 2017

You might be in love with the sweet ride of your car, unaware of the fact that it is slowly sucking the life out of your bank account. You just cannot ignore the costs of diesel and maintenance. Thus, it is important to acknowledge some steps to save money on your car.

  • Go for the cheapest fuel

Track the cheapest fuel in your area just to make it sure that you are saving money on your car.

  • Get regular maintenance done

Do not neglect the oil changes, replacement of belt and other mileage-related maintenance needs. Although it seems to be expensive yet it is better to keep your car healthy than a costly breakdown that can be prevented conveniently.

  • Check your tires regularly

Regularly check your tire pressure especially in winter months. Keep your tires balanced regularly and just replace them when required. It will improve your fuel efficiency and will extend the life of your tires. After all, these tires will keep you safer on road.

  • Regularly check the fluid levels

Keep a check on the five primary fluids of your car that include oil, brake fluid, coolant, power steering fluid and windshield washer fluid. In case you notice any issue, take your car to the mechanic as soon as possible.

  • Adapt the best driving behaviour

Just avoid hard braking, excessive fast stops and sudden accelerations. It will make your car to use more fuel and will trigger a shorter lifespan.

  • Re-assess car insurance

It is much cost effective to purchase a new car instead of repairing the old one in case of an accident. Thus, it’s a great idea to have a look at the specifics of your insurance plan and compare it with other options.

  • Refinance Your Car Loan

If you are working on reducing your car expenses, you must review your existing car loans in Australia. Refinancing your car loan will help you to reduce your repayments thus leaving you with more money in your account. Refinancing simply refers to changing to a different lender who can offer lower rates, cheaper fees and great flexibility on repayment options.

These tips will definitely help your to keep your car expenses to a minimum.

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