Keeping a vehicle on the road can involve unexpected surprises. Here’s our suggestions to keeping the costs under control:
- Budget. What are the annual costs; vehicle insurance, road tax, servicing costs, MOT. Don’t forget about new tyres, wipers and replacement parts.
- Insurance Get quotes each renewal: check comparison websites, then phone your insurer ask if they can match your best quote. If you’re under 30 or over 70 adding a second driver with a good driving record could make your insurance cheaper.
- Strange noises? If so, you may have an exhaust, engine or other repair bill to look forward to. Get a few quotes for the repairs soon and get it fixed at a time to suit you rather than waiting till it’s too late when the repair is likely to be more expensive.
- Tyres prices can vary massively, so shop around. Places like Formula 1 will often price-match.
- Do your own safety checks. Check tyre tread depths, oil, water and top up the screenwash.
- Do you really need to drive every journey? Help keep your car mileage down and wear and tear low by using public transport, car sharing, walking or cycling.
- Drive Carefully accelerating steadily, slowing down well in advance of traffic lights and roundabouts, looking far ahead and anticipating what other road users will do – these all help to reduce wear and tear on your vehicle.
- Time to upgrade? Sometimes it can be more cost effective to buy a replacement vehicle rather than keep an old, inefficient, unreliable vehicle on the road.
How Advance Credit Union can help
A personal loan from AdvanceCU could help spread the cost of your annual car insurance, servicing, unexpected repair bills and MOTs. Subject to affordability and credit check.
Engage Account offers great cashback rewards and discounts at Halfords, Asda, Argos, B&Q and many more. Plus your Engage Visa card is accepted wherever you see the Visa logo (see terms and conditions)