SURVEY: Different Ways Vehicle Owners Are Considering To Save Money

When it comes to life expenses, there is no doubt that housing is number one on the list, but right behind that for the most expensive thing you can own is your vehicle. Especially with the recently extreme cost of fuel, parts, and even the vehicles themselves!

A recent survey took a look at what car owners are considering when it comes to saving money on their vehicles. They found that more than one in five car owners have considered carpooling just to save money on gas.

But that wasn’t the only option, or was it the most popular.

Consumer Affairs asked 1,000 car owners what they were considering doing to lower car-related costs:

• 39.7% said finding ways to lower car insurance
• 38.4% said doing small maintenance themselves
• 31.2% said buying a car in cash instead of taking out a loan
• 30.6% said buying a fuel-efficient or electric car
• 21.7% said carpooling instead of driving daily
• 21.3% said paying our car lease while 19.3% said swapping car lease
• 20.5% said selling car
• 19% said skipping unnecessary repairs

New cars have increased in price by 18% since November 2020, according to Cars.com, while used cars are up 45% from one year ago. No wonder people are looking for ways to save money.

Source: https://bit.ly/3Rzyc4u