Comments on: 28 Tips to Save Money on Car Expenses and Save Thousands of Dollars http://genxfinance.com/28-tips-to-save-money-on-car-expenses-and-save-thousands-of-dollars/ Helping a unique generation achieve financial independence. Fri, 25 May 2012 01:44:43 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Nick http://genxfinance.com/28-tips-to-save-money-on-car-expenses-and-save-thousands-of-dollars/comment-page-1/#comment-146618 Nick Mon, 11 Oct 2010 12:10:43 +0000 http://genxfinance.com/?p=1987#comment-146618 by becoming your own bank you can have another option when buying a car. Cash, finance, or become the bank. definitely something to look into. by becoming your own bank you can have another option when buying a car. Cash, finance, or become the bank. definitely something to look into.

]]> By: Victorino http://genxfinance.com/28-tips-to-save-money-on-car-expenses-and-save-thousands-of-dollars/comment-page-1/#comment-129035 Victorino Mon, 15 Mar 2010 13:09:53 +0000 http://genxfinance.com/?p=1987#comment-129035 Great and comprehensive tips. Just like other saving tips, these can really help us save dollars - if we will follow them and stick to those guidelines. If we want to remain effectively frugal, we should avoid being attracted to luxurious living. Great and comprehensive tips. Just like other saving tips, these can really help us save dollars – if we will follow them and stick to those guidelines. If we want to remain effectively frugal, we should avoid being attracted to luxurious living.

]]> By: The Biz of Life http://genxfinance.com/28-tips-to-save-money-on-car-expenses-and-save-thousands-of-dollars/comment-page-1/#comment-128574 The Biz of Life Wed, 10 Mar 2010 03:44:57 +0000 http://genxfinance.com/?p=1987#comment-128574 A car is just something to get from point A to B. Forget the Mercedes and BMW and think Honda Civic. But change the oil religiously and you'll get at least 150K miles out of today's cars. Skip the warranty on new cars, but buy it on used cars. A car is just something to get from point A to B. Forget the Mercedes and BMW and think Honda Civic. But change the oil religiously and you’ll get at least 150K miles out of today’s cars. Skip the warranty on new cars, but buy it on used cars.

]]> By: Credit Girl http://genxfinance.com/28-tips-to-save-money-on-car-expenses-and-save-thousands-of-dollars/comment-page-1/#comment-128472 Credit Girl Mon, 08 Mar 2010 21:08:53 +0000 http://genxfinance.com/?p=1987#comment-128472 Great tips! I wish I would've read this before I purchased a warranty on my new car. It's been 3 years and my car hasn't broken down yet so there goes my warranty... Also, I still warm up my car for about a minute every morning just to make sure it'll have time to get things flowing. Great tips! I wish I would’ve read this before I purchased a warranty on my new car. It’s been 3 years and my car hasn’t broken down yet so there goes my warranty…

Also, I still warm up my car for about a minute every morning just to make sure it’ll have time to get things flowing.

]]> By: Jamel Rose http://genxfinance.com/28-tips-to-save-money-on-car-expenses-and-save-thousands-of-dollars/comment-page-1/#comment-128387 Jamel Rose Mon, 08 Mar 2010 01:14:14 +0000 http://genxfinance.com/?p=1987#comment-128387 Maintaining a car can become a very expensive duty, both in the short and long run. With inflation and gas prices skyrocketing, it becomes harder to make ends meet, and has many of us wondering where all our money is being spent. The first step is to save money on the purchase or lease price of your vehicle. Since buying and leasing prices vary greatly from one dealer to another, it's critical to shop around and find the best deal. Compare (for an equivalent car), find the best basic rate, and try to land a special package or deal if you can. Maintaining a car can become a very expensive duty, both in the short and long run. With inflation and gas prices skyrocketing, it becomes harder to make ends meet, and has many of us wondering where all our money is being spent.

The first step is to save money on the purchase or lease price of your vehicle. Since buying and leasing prices vary greatly from one dealer to another, it’s critical to shop around and find the best deal. Compare (for an equivalent car), find the best basic rate, and try to land a special package or deal if you can.

]]> By: The Rat http://genxfinance.com/28-tips-to-save-money-on-car-expenses-and-save-thousands-of-dollars/comment-page-1/#comment-128251 The Rat Fri, 05 Mar 2010 22:44:21 +0000 http://genxfinance.com/?p=1987#comment-128251 Great post with lots of detail! Keep up the good work1 The Rat Great post with lots of detail! Keep up the good work1

The Rat

]]> By: Jeremy http://genxfinance.com/28-tips-to-save-money-on-car-expenses-and-save-thousands-of-dollars/comment-page-1/#comment-128159 Jeremy Thu, 04 Mar 2010 16:51:28 +0000 http://genxfinance.com/?p=1987#comment-128159 I'm with you, Anthony. Vehicles really do last a long time and most people could get away with keeping their car 10-15 years. It's just that most people don't even keep their car long enough to get the loan paid off and end up in an endless cycle of trading in, losing money, and financing again. So at the very least, you should keep your car at least 5 years assuming you took out a 60-month loan so that you actually have something of value when it comes time to trade in. Even then, I think five year loans are too long. Our vehicles are 8 and 5 years old and I they will keep on going for many more I'm sure. They might not be the prettiest cars on the road, but at least I'm not throwing hundreds of dollars away each month. I’m with you, Anthony. Vehicles really do last a long time and most people could get away with keeping their car 10-15 years. It’s just that most people don’t even keep their car long enough to get the loan paid off and end up in an endless cycle of trading in, losing money, and financing again. So at the very least, you should keep your car at least 5 years assuming you took out a 60-month loan so that you actually have something of value when it comes time to trade in. Even then, I think five year loans are too long.

Our vehicles are 8 and 5 years old and I they will keep on going for many more I’m sure. They might not be the prettiest cars on the road, but at least I’m not throwing hundreds of dollars away each month.

]]> By: Tim Landry http://genxfinance.com/28-tips-to-save-money-on-car-expenses-and-save-thousands-of-dollars/comment-page-1/#comment-128156 Tim Landry Thu, 04 Mar 2010 16:14:00 +0000 http://genxfinance.com/?p=1987#comment-128156 Frankly, if you live in a large city with a decent public transportation system, and do not need you car FOR work (Driving to and from does not count if the public transit system is decent) then why use your car? I live in Montreal and have never had a driver's licence. For $70/mth I can get anywhere on the island of Montreal by bus/metro almost as quickly as I could by car - and sometimes even faster if I do not need to go too far from the subway. Also I do not get tempted by the following. A broker I know lives and works on Nun's Island (suburb of Montreal). She lives 900 METERS from work. She got up one morning - looked out - saw a LOT of trafiic but "I NEED MY CAR" - so she drove to work - I repeat she drove 900 METERS. It took her TWO HOURS! I am sorry - walking would have been healthier AND FASTER. She could even have walked home to get her car - it still would have taken less than TWO HOURS. I am sorry - but we do not NEED our cars as much as we think Frankly, if you live in a large city with a decent public transportation system, and do not need you car FOR work (Driving to and from does not count if the public transit system is decent) then why use your car? I live in Montreal and have never had a driver’s licence. For $70/mth I can get anywhere on the island of Montreal by bus/metro almost as quickly as I could by car – and sometimes even faster if I do not need to go too far from the subway. Also I do not get tempted by the following. A broker I know lives and works on Nun’s Island (suburb of Montreal). She lives 900 METERS from work. She got up one morning – looked out – saw a LOT of trafiic but “I NEED MY CAR” – so she drove to work – I repeat she drove 900 METERS. It took her TWO HOURS! I am sorry – walking would have been healthier AND FASTER. She could even have walked home to get her car – it still would have taken less than TWO HOURS. I am sorry – but we do not NEED our cars as much as we think

]]> By: Anthony http://genxfinance.com/28-tips-to-save-money-on-car-expenses-and-save-thousands-of-dollars/comment-page-1/#comment-128155 Anthony Thu, 04 Mar 2010 16:10:42 +0000 http://genxfinance.com/?p=1987#comment-128155 I can generally agree with all of your comments. In regards to your first bullet though, there is no reason why a new car shouldn't last 12-15 years, which is double what you suggested. At 12k-15k miles a year for 12-15 years, a car will have 200,000 miles on it. That is when I plan on buying a new car to replace my current one. I can generally agree with all of your comments. In regards to your first bullet though, there is no reason why a new car shouldn’t last 12-15 years, which is double what you suggested. At 12k-15k miles a year for 12-15 years, a car will have 200,000 miles on it. That is when I plan on buying a new car to replace my current one.

]]> By: Jeremy http://genxfinance.com/28-tips-to-save-money-on-car-expenses-and-save-thousands-of-dollars/comment-page-1/#comment-128153 Jeremy Thu, 04 Mar 2010 15:55:42 +0000 http://genxfinance.com/?p=1987#comment-128153 Maybe using the word "several" instead of "few" when talking about using the AC was the wrong choice. But even if your car is efficient enough to only lose 5% mpg by using the AC, if you get 30 mpg that's a 1.5 mpg loss. According to <a href="http://www.fueleconomy.gov/feg/factors.shtml" rel="nofollow">fueleconomy.gov</a> using the AC on max will cost you anywhere between 5-25%. I'm not arguing that at higher speeds having the windows down is worse. I've seen Mythbusters, too. I'm just pointing out that using the AC can in fact cost you a few mpg. Maybe using the word “several” instead of “few” when talking about using the AC was the wrong choice. But even if your car is efficient enough to only lose 5% mpg by using the AC, if you get 30 mpg that’s a 1.5 mpg loss. According to fueleconomy.gov using the AC on max will cost you anywhere between 5-25%. I’m not arguing that at higher speeds having the windows down is worse. I’ve seen Mythbusters, too. I’m just pointing out that using the AC can in fact cost you a few mpg.

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