How to Save Money on a Car – 5 Useful Tips

Understanding the best ways to reduce how much your car is costing you could be huge.

There are many tips to use that will help you save money on all the expenses that are included with a car.

Here are the 3 Key Tips to use for Saving on A Car including:

Review Car Insurance and Reduce Where Possible

Reduce Gas Expense

Perform More Car Maintenance

Here are 2 Key Tips to use when Buying A Car including:

Research New or Used Car Purchases

Use Consumer Reports

These tips should give you a stronger chance at reducing how much your car is costing you.

Through this post I hope to show you how to save money on a car and how significant those savings can become.

Tips to Use for Saving on a Car

Review Car Insurance and Reduce Where Possible

Reviewing your car insurance policy and reducing where possible could help you save money without losing out on any coverage.

There are many car insurance companies and only a few of them are going to give you an affordable deal and keep you protected.

The 5 main car insurance companies include:

  • State Farm
  • Progressive
  • Farmers
  • USAA

Each of these companies will give you relatively affordable rates for premium car insurance but each has specific benefits over the other ones.

Taking the time to look at your current car insurance company and determining whether you are getting a good deal is very important.

Focusing on the bigger areas of your car insurance can be a great way to cut down on expenses. Some of these areas could be causing your insurance to be more expensive and it could be smart to review each of these parts of your insurance.

You still want to be covered in the event of an accident or incident but there still can often be room for slight improvement.

This slight improvement could happen by changing your deductibles on your current car insurance policy or by changing which insurance company you are insured through.

If you are interested in learning more about which car insurance company could be best for you, read Most Affordable Car Insurance Companies.

Reduce Gas Expense

Cutting down on certain habits is going to save you money on the gas expense as well as other car expenses.

There are a few ways to reduce your gas expenses and if you start using these more in your life than you can save significantly.

2 cyclists
Bike More

The main ways to cut down on the gas expense include:

  1. Public Transportation
  2. Walk or Bike More
  3. Carpool

Utilizing these ways will reduce your gas expense and can be fairly easy to implement in your life. The key is to reduce your need to use the car to get places as much and don’t drive as much.

Gas has become such an expensive cost that it is important to know all the best tips for saving money on this cost.

If you want to learn more about tips for how to save on gas, read How to Save Money on Gas.

Blue Car With Hood Open
Perform More Car Maintenance

Perform More Car Maintenance

Performing more car maintenance and planning ahead for certain car maintenance expenses is going to keep you prepared.

There are a few key areas to focus on for maintaining your car that will help reduce your expenses for the car.

These 4 areas include the following:

  • Check Oil
  • Fill Air in Tires
  • Wash Car Efficiently
  • Protect Car from Sun and Salt

Checking the oil for your car and checking the air pressure in your tires consistently will help reduce the chance of extra car expenses from incurring because you will be keeping the car running better.

Learning how to wash your car efficiently can be an easy way to save on getting your car washed professionally and can save how much you spend on water. Use a small bucket, little of soap and a couple small towels to quickly clean your car without expending a lot of energy or spending a lot on water.

Filling the bucket up with about 2-3 gallons should be enough for you to cover all of your car and allow you to keep dirt and more importantly, salt from breaking down the paint of your car.

Doing this 2 times a week could be an easy way for you to keep your car looking better and help you save money by protecting the paint from degrading.

If you want to find out more tips to save on car maintenance, read How To Save Money on Car Maintenance.


Tips to Use When Buying A Car

Research New or Used Car Purchases

Buying a new or used car is a big purchase and spending some extra time researching will likely save you big.

There are specific ways to reduce spending extra on a new vehicle whether that car is brand new or used.

These ways include the following:

  • Keep Car Longer before opting for your next car
  • Look at Total Expense for that New Car
  • Put the Car that Makes Sense for You and Your Liftstyle
  • Buy Slightly Used over New Car

Keeping a car longer will help you get more use out of it and prevent you from paying extra for a newer car. A new car can come with tons of expenses and it is worth considering what all of those expenses are going to cost you.

Buying a slightly used car over a brand new car is going to save you tons.

Most of the value of a car goes down in the first 2 years of driving it around even if it is taken care of well.

Purchasing a car that is a couple years removed from being brand new can save you tons while still giving you a valuable car.

It is important to always get as much information as possible about the car that you are about to buy whether it is brand new or used.

Consumer Reports Magazine
Try Out Consumer Reports for Advice on Any Big Purchase

Use Consumer Reports

Reading and using Consumer Reports could give you helpful information about all the details involved in a car. Consumer Reports is a nonprofit that is focused on providing honest information about many products.

Washing machines
Use Consumer Reports Washers

This resource can give you tons of useful information for the following:

  • Cars
  • Washers
  • Refrigerators
  • TVs
  • Mattresses

This is only a fraction of what this resource covers and can provide all kinds of useful tips to save on a variety of products.

You can access some of this resource for free but if you want all the information on this resource then you will need to become a member, which starts at $10 per month.

If you are determined to get access to the information from Consumer Reports for free, you can always visit a local library for a copy of a the book version. They usually have the most recent version of Consumer Reports Buying Guide available.

It is free to spend as much time as you want to read this book and they usually have multiple copies so you can use your copy for a long time.

Considering how much helpful information this resource has it could be worth it to become a member but the free version still has tons of helpful information.

Using Consumer Reports is going to provide you with tons of detail about the following:

  • Used cars
  • New cars
  • Car Maintenance
  • Tires
  • Used Car MarketPlace
Tires With Thick Tread
Learn All About Tires

All of these areas they focus on can help provide useful information about many parts of buying a car or maintaining a car. They give you detail about what each car will need for maintenance as well as what tires will work best for your car.

I like to have a specific section in my budget that accounts for tire replacement. This can be an expense that comes along at different times of the year and can even go years between replacements depending on how much you are driving.

The main reason that I have this section in my budget is to be prepared for this expense by saving up money every month.

If the expense to replace all 4 tires was $600 and this needed to happen every 18 months, then taking the $600 and dividing it by 18 would give me the monthly amount that I would need for this expense.

$600 = All 4 Tires Replacement Expense

18 Months = Time Between each Tire Replacement

$600/18 = $33.33 Per Month

Consumer Reports can give you helpful information about any deals that are happening and which tires are right for your car.

I took a month to research as much as I could about the car I was trying to get and found a few helpful resources.

Consumer Reports gave me all kinds of information that helped narrow down the search for a car. Buying a new car, or a used car, is a big purchase and should be carefully researched to get you exactly what you need.

Review Car Insurance and Use Consumer Reports

There are many tips to cut down on the cost of the car, whether you are buying a car or maintaining your current car, and utilizing the tips in this post will give you the best opportunity to save money.

Review your car insurance policy and check if there are any ways to reduce this expense.

Use Consumer Reports as a resource for helpful information and research thoroughly to narrow down on which car is best for you.

A car is likely to be one of the biggest purchases you make, outside of buying a house, and because of this you should do as much research as possible and use the tips in this post.

I hope that you enjoyed this post and learned some helpful tips for how to save money on a car.

If you have any questions, please feel free to leave them below and I will answer it to the best of my ability.

6 Replies to “How to Save Money on a Car – 5 Useful Tips”

  1. Hi there,

    Thanks for this post. As a new car owner I found this really informative and helpful. I did not know about Consumer Reports or the cost of replacing tyres so budgeting for these things is definitely something that I will put into place. Any tips on keeping your car protected against theft? I have a nice car but no drive so will be parking it on a street.

    Thanks again, great read.


    1. You are welcome!
      Consumer Reports has all kinds of helpful information about cars and many other products.
      One of the best ways I keep my car protected against theft is by taking everything valuable out of the car whenever I leave the car.
      This helps reduce the chance that someone will want to break into your vehicle.
      I have had my car broken into and it was most likely because my backpack was in the car and that looked valuable.
      I am happy that you liked this post!

  2. Thank you so much for the great tips Jesse! I know next to nothing about cars, so this was super helpful for me. The last car that I purchased was brand new and while I love it, I know I could’ve saved a ton if I just got a used model. This gave me a lot to think about and made me realize all the ways I could save money going forwards. Thanks again!

  3. I definitely have fallen down where the car maintenance is concerned. I wish I had read this before I purchased my new car. It seems its getting more and more expensive to live, so any information on reducing our costs is very useful. Thank you

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