Seven years in Canada… seven years of walking going to work and/or asking a ride from my sister. I know I should have my own vehicle now but I didn’t bother to purchase nor learn how to drive. The very reason is that I find a car as a liability. There are just so many expenses involved when you own one from the fuel to maintenance. But last winter (with mostly -30ish weather), I realized the importance of having my own car.
So before buying one, I did research on how to lessen expenses on vehicles. And here’s what I found:
Buy a second-hand car. The value of a car depreciates abruptly. So when you buy a used car you are paying less money. But make sure that the used car that you are buying is still in good condition otherwise you’ll end up spending more for the repair. So it’s best to consult experts when you decide to buy a second-hand vehicle.
Choose third-party insurance. My brother-in-law told me that it is the cheapest way to get car insurance. But of course, you need to ask somebody, a first party car insurance holder, to get you the type of insurance.
Also, make sure that you have the full license to drive and not a learner’s license. Those who have a learner’s license pay more on car insurance.
Learn to do car maintenance. If you are a cheapskate then you need to learn all the parts and mechanical terms of a vehicle to do your own repair and maintenance, like change oil and changing tires. When you live in a country with four seasons, you know that you have to change the tire twice, winter tires and your summer tires. And this means you’ll spend thousands every time you change tires. Headache, I know!!! So why not learn how to do it yourself, buy tools like tire changers from Best Buy Auto Equipment that will help you do the work. And who knows if you know this stuff then your friends and family will probably ask your service… which apparently can be turned into a business.
Take care of your vehicle. Proper maintenance, cleaning and making sure that everything is tuned will surely make your vehicle last longer.