Last Updated on April 15, 2020 by Melissa S.
Motoring is, unfortunately, one of the most expensive things that you’ll do in life. It all comes down to the complexity of motor vehicles themselves. Contrary to popular perception, they’re not just boxes on wheels. The cars you see in showrooms up and down the country today are the culmination of literally trillions of pounds of R&D. They’re engineering marvels that evolved from comparatively simple beginnings. And they offer a range of comforts and services of which the vast majority of the population is not aware.
Take something as simple as the clutch, for instance. Did you know that in the past, you had to match the revolutions of the engine to the speed of the gear if you wanted to shift? You couldn’t just whack it into whatever gear you wanted, as you can with a modern vehicle. It was a very different process.
The same goes for suspension units. We don’t think about it today, because modern cars do it so well. But in the past, the suspension was barely functional, and you felt all of the bumps coming up at you from the road below.
All of this stuff costs money. And that’s why people wind up spending so much on motoring. For some people, it eats up more than 20 percent of their annual income, which is a lot when you think about it.
So what’s the solution here? How do you cut the cost of motoring while still getting the freedom you so richly deserve?
Research Different Car Insurance Options
The current average price of a year’s worth of car insurance in the UK is a whopping £475 a year, according to data from comparison websites. But, fortunately, you don’t have to pay that much, especially if you threaten to switch providers at your renewal.
Shopping around on price comparison websites can yield some pretty substantial savings for the average car owner. Some insurers will charge as much as a 25 per cent markup versus their competitors, meaning that you could save in the region of £100 a year on average.
Buy Your Cars Secondhand
Secondhand cars often represent excellent value for money. Dealerships, like CC Cars Limited, often offer vehicles for sale at a discount of 50 per cent or more from their regular sale price. This way, you avoid having to suffer all the depreciation you experience when you purchase a vehicle brand new. You cut out those losses. And even though maintenance is more expensive, it rarely matches the total that you’d spend if you bought new.
Use Higher Octane Fuel
High-octane fuel is a type of petrol with more of a highly energetic and combustible oil called octane in it. It is more expensive per litre than regular fuel, but a lot of drivers swear by it. The reason is that it more than offsets the additional expense with extra mileage. In other words, you get much more out of a single tank of fuel compared to the regular stuff. Might be worth a shot if you haven’t tried it already.