Since millions of Americans are out of work right now because of the COVID-19 pandemic, families across the U.S. are doing everything they can to save money. Keeping a strict budget is a great start, as well as canceling unnecessary memberships, limiting recreational spending, and cutting coupons. But there is one aspect of life that people are forgetting about when it comes to saving money: their vehicles.
Just because you’re not driving a lot doesn’t mean you should sell all your vehicles, though that would result in some quick cash. But there are other ways to save money when it comes to auto expenses. Here are some great things to consider in order to save a few bucks:
Stay off the road
During a quarantine, this should be pretty easy to do! You likely aren’t driving to work, you’re not driving to restaurants or stores, and you’re not visiting family members or friends. It might be boring, sure, but think about how much money you’re saving on gas money! Plus, you’ll be able to call your auto insurance company and let them know about your lack of driving. Of course, you still have to get out of the house, but it’s best to limit trips to the grocery store and go for a few more walks instead of long drives. Your bank account will thank you!
If you do have the drive a lot still, the easiest way to save a significant amount of money on the roads is simple: do not get into an accident. Unfortunately, that’s much easier said than done. Roughly 72% of car crashes result in property damage, which can get quite pricey. Similarly, 3 million people are injured every year in auto accidents on U.S. roads. If you drive carefully, you’ll avoid getting into an accident and all those costly repair, legal, and medical expenses.
Be smart about your next auto purchase
Even if you need to buy a car in the near future, though that’s going to cost a bit upfront, if you’re smart about it, you’ll be able to save a lot of money in the long run. Fuel efficiency is the goal here! The 2019 Chevy Silverado 1500’s truck bed was widened by seven inches, and the entire vehicle weighs nearly 450 pounds less than previous models, fulfilling the goal for increased fuel efficiency.
Saving money is extremely important right now, so be sure you’re thinking about how your vehicles are costing you too much. If you limit your driving, drive as safe as possible, and only drive fuel-efficient vehicles, you’ll be much better off!