4 Ways To Cover The Cost Of Unexpected Car Repairs
Unexpected repairs are just part of being a car owner, and your car isn’t going to wait until it is convenient before it breaks down. This can be a big problem because repairs are incredibly expensive and if you don’t have the money to pay for them, you could find yourself in some financial trouble. You rely on your car, so you can’t just leave it, which means that you need to find the money from somewhere. The good news is, there are ways that you can cover the cost without completely ruining your finances. If you are hit with unexpected car repairs that you can’t really afford, here’s what you can do.
Before you start thinking about how you are going to find the money, it’s important that you shop around for the best price. The cost of repairs varies a lot depending on the mechanic, and some mechanics will try to rip you off if they suspect that you don’t really know what is wrong with the car. If you want to make the cost more manageable, you need to shop around and compare prices. You should also check out reviews of local mechanics so you can find somebody that you know is going to be reliable.
Get a Repayment Plan
A lot of people don’t realize that you can get a repayment plan to help you pay for your car repairs. Companies like Optimal Warranty offer auto repair payment plans, so you can get the repairs done and then pay it off in installments over the coming months. This makes it so much more manageable and you can fit it into your budget, rather than rushing around trying to find a big lump sum from somewhere.
Do Repairs Yourself
In some cases, you may be able to do the repairs yourself. When you first buy a new car, you should spend some time looking through the manual and learning the basics of how the engine works. You are not a mechanic so there will be a lot of things that you cannot do, but if you spend some time learning, you may be able to do simple repairs on your own. This saves you a lot of money and even if you do have to go to a mechanic, knowing a bit about your car will make it harder for them to rip you off.
Get a Loan
If none of the other options on this list are possible, you may need to get a loan. You should always exhaust all of the other possibilities before you do this, and if you need to get a loan, make sure that you avoid payday loans with crazy interest rates. It’s much better to put the money on a credit card or take out a loan from the bank so you are only paying a reasonable amount of interest.
Unexpected car repairs can throw you a financial curveball, but these are all great ways to cover the cost without ruining your budget.
Looking For New Wheels? A Guide To Stress-Free Car Buying
If you took a moment to Google new or used cars, you’d be greeted with hundreds of links and adverts. While it’s fantastic to have a choice as a buyer, being inundated with offers and ads can be confusing. With so many makes and models to choose from, how do you go about finding the right car for you? If you’re shopping around for new wheels, here are some tips to make the buying process a breeze.
Perhaps the most important step to take when embarking upon a search for a new car is setting a budget. Buying a car costs money, and it’s always beneficial to work out how much you can spend long before you fall head over heels for a car that is way out of your price range. Figure out how much you have available either to pay out as a lump sum or to put down a deposit and then pay the remaining costs monthly. If you’re looking online, you can set filters to ensure that the results match your budget, and you can organize results based on price. If you’re considering getting a car on finance and spreading the cost over a period of a few years, ensure you can afford the monthly payments, and shop around for deals and special offers. You might find that some dealerships put a contribution towards your down payment, for example. Once you’ve got a budget, you can focus on vehicles that match your requirements.
New versus used
If you’re on the hunt for a new car, think about whether you want a brand new vehicle straight off the forecourt or a used car. New cars have the advantage of being in pristine condition, they won’t have previous owners, and you may have more control over customization options, but it is worth noting that new vehicles lose value very quickly. As you drive away from the dealership, your car will have already lost value. Used cars may not give you the flexibility in terms of color, trim or features, but they often offer better value for money. If you know exactly what kind of car you’d like, but you can’t afford a new model, look for nearly new cars instead. When shopping for a used car, take care when buying from private sellers and be prepared to negotiate with dealers. It’s wise to research in advance to make sure you pay what the car is worth. Taking a car out for a test drive is always a good idea. You can get a feel for the vehicle, gauge comfort and performance levels and see how it runs.
Creating a wish list
Every driver is different, and some people have different priorities and requirements to others. When you’re exploring your options, think carefully about what matters to you most. Are you looking for a family-friendly vehicle with plenty of space and a flawless safety record, or are you searching for a sporty number that offers a thrilling ride? Do you need a versatile car or truck you can use for work, or is fuel economy your main concern? Create a wish list based on your individual preferences. This will help you narrow down the options.
Seeing a car in a showroom or on a garage forecourt is very different to driving a car day in, day out, and this is why research is important. Take your time to compare different contenders, learn more about various makes and models and seek expert advice. If you’re thinking about buying a Chevy, visit an experienced dealer, look at the models that tick the boxes, and take a test drive. Ask questions, get recommendations, and don’t be too hasty when it comes to making a decision. If you don’t have a specific make in mind, visit different dealerships or go to a vendor that sells cars from multiple manufacturers. If you have a short list, mull over the pros and cons, and don’t forget to ask about prices. There may be some room for maneuver if you’re prepared to haggle.
Looking good is not the only criteria that concerns prospective car buyers. Every model is different, and you might find that some cars are a lot more comfortable than others, some are easier to handle, and some are lighter, quicker, and more responsive. Booking a test drive offers a host of benefits. You can really get a feel for a car when you’re driving around, and you can compare how you feel with other driving experiences. You may find that the car that was leading the way before the test drive doesn’t meet your expectations when you’re behind the wheel, and this is why doing a trial run can be useful. You’ll also get a better idea of the space available inside the vehicle, and you can learn more about the features and gadgets.
Closing the deal
If you’ve found the one, it’s time to close the deal. If you’re taking out a contract and paying monthly, it’s always beneficial to compare prices from different dealers before signing on the dotted line. If you’re paying up front for a new or used car, look out for special offers and try and bring the price down. In many cases, the ticket price is negotiable, and if you’re prepared to drive a hard bargain, you could save yourself a substantial amount of money.
Has your car seen better days, or is your current contract drawing to a close? If you’re searching for a new car, shopping doesn’t have to be stressful. Set a budget, think about what you want and take your time to look at different makes and models, take some for a spin and weigh up the pros and cons. Shop around for the best prices, visit reputable dealerships only, compare used and new cars and give negotiating a go. It’s always useful to be open-minded and to make sure you have all the information you need before you make a final decision.
There are many aspects to driving a car which you need to manage and master if you are going to be able to make the most of it, and most people find that this is one of the more frustrating parts of driving overall. However, so long as you are happy to pay attention to some of the intricacies, you should find that it is surprisingly easy to be able to master them, and that will mean that you can enjoy driving much more on the whole. One of the most important parts of all, of course, is the finances, which can cause a lot of trouble for a lot of people and are always something of a concern for most. In this post, we are going to look at some of the things that you might need to do in order to master the financial elements of driving. All of these are worth looking into if you want to do that.
It helps if you understand how value works with a vehicle, as if you do you are much more likely to know where you stand. When it comes to buying, selling or just valuing, you need to know what you are doing, and it is thankfully easy enough to get your head around when you need to. Most of all, you need to know that all vehicles undergo a significant diminishing of their value over their lifetime. This means that the value is always going reduce over time, no matter what. The moment you drive it away after buying it, in fact, its value reduces by around a half to a third. Thankfully, there are ways to counteract this, the best being a diminished value claim. If you are wondering: What is a diminished value claim? You are not alone, as many people don’t know about them. It’s simply a way to claim money back off the difference between the starting value and the current value, and it’s something to remember you can do.
The better that you can drive with efficiency, the less money you will be spending on fuel, so this too is a hugely important thing which you should look into at your earliest convenience. There are a lot of ways to make sure that you are driving efficiently. First of all, you should limit your braking, acceleration and stalling. All of this uses fuel where you don’t need to. You should also make sure that you change gears at the right time – usually around two and a half thousand revs – so that you can be sure that you are not wasting any fuel there either. Finally, if you can cruise most of the time at around fifty, you will use much less fuel on the whole.
Finally, you also need to make sure that you are thinking about the things that come with driving if you are to keep driving as cheap as possible. When it comes to insurance, you should always shop around, as you will find that you can usually find a cheaper option if you look hard enough. For tax, the only thing you can do is buy a more efficient vehicle. Do these things, and you will mater the finances of driving easily.
We all need to draw in the purse strings sometimes, to squirrel a little way and to cut back. Saving and spending are a part of life but it’s not easy to find ways to save money when almost every cent is accounted for.
Whether you’re saving for a home, with a little bit of advice from Altrua Financial, or just putting some money aside as a safety net, it can seem a long haul towards your financial goals.
We take a look at some money-saving hacks to help turn your cents into dollars and see your savings growing month by month a little faster than before.
Have a look at some online apps that are going to offer you the best savings on the high street, the online equivalent of collecting coupons and finding discounts. Groupon is one such app but there are hundreds more, all of which will tell you when your favorite outlets, including supermarkets, are having sales.
You can also use apps to compare your weekly grocery bill and find the supermarket that offers you the best value for money. Be prepared to shop around to get the best deals and don’t forget to load up that store loyalty card for extra points.
We’re full of good intentions about saving but how often do we get to the end of the month and find there’s nothing left? We’re guessing pretty often. The smart thing to do is set up an electronic transfer from your bank to your savings account as soon as payday rolls around, or any day that feels convenient and let the savings take care of themselves.
You can always sweep anything extra into your savings if you find you have some surplus at the end of the month.
Think small, save big
Gather up your pocket change and start putting it into a large jar. You’ll be surprised how quickly and how much can be generated by taking care of the loose change.
Hit up a money-converting machine and you’ll soon be pulling out bills. Being mindful of the small amounts will lead to extra cash for free.
It might sound strange but if you want to make a change from expensive cosmetics consider picking up the odd bargain in the baby aisle of your local supermarket. Cotton buds, soap and even moisturizer that’s kind to your skin will all be there and for much cheaper than your brand name equivalents.
Finally keep track of bargain sites and lifestyle bloggers offering tips, hacks and discount codes to help you find the inside scoop on making changes and finding savings.
Whatever you’re saving for and however much you need, there are little changes you can make to save money and increase your saving power. These changes don’t have to be life changing or even feel like your compromising on your lifestyle but they can be smart, affordable and achievable so shop around today for bargains and take control of your finances.