Watch your weight
By modifying some of your driving habits, not only can you increase your fuel economy (and savings) by up to 47%, but you’ll be helping the environment; better fuel economy means less pollution emitted by cars and less dependence on foreign sources of oil.
No matter what kind of car you drive, eliminating weight can go a long way toward increasing your car’s fuel efficiency.
Now, before you take a chainsaw to the bumper, there are less drastic steps you can take.
Have a ski or bike rack on your car? Unless you’re on your way to a ski trip or bike ride, take it off. That unused rack adds weight and wind resistance.
And if you’re like most people, you probably have some junk in your trunk. Clean it out. Sports equipment, pushchairs, and gym bags languishing in your boot are all hurting your fuel economy.
The EPA estimates that for every extra 100 pounds your car caries, it loses 2% in fuel economy, so just by cleaning up your act, you can start on the road to saving.
Choose your car carefully
Unfortunately all cars are going to cost you money to run, but being careful when you’re buying a new car could save you money in the long term. Generally speaking you’ll get better average miles per gallon by driving a small diesel car, but this type of car won’t suit every driver’s needs.
If you want a car to do short journeys around your local town or city then a petrol car will be better on your bank balance over time. You might also want to consider hybrid cars, such as the BMW ActiveHybrid models, although be prepared to pay a higher purchase price than non-hybrid models.
I want a hybrid model – what next?
If you do decide that a hybrid model would be best for you in the long term then there are many car finance options available to help you afford the purchase. Look out for reputable dealers and make sure to read the small print before you sign any purchase agreement.
Car ownership is always going to be one of the biggest outgoings in your life, but by making sure you drive safely, think green, and choose the right car for your lifestyle, you can find easy ways to save money long term.