Cut Motoring Costs with this Ultimate Guide

 

Do you feel as though you need to start cutting motoring costs? If so, then this is the guide for you. Here you will find out what steps you can take to cut costs, so you can make sure you are never paying more than you should for your motor vehicle.

 

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Don’t Assume Third Party is Cheap

 

If you want to be on the road, then you need to make sure that you have the level of cover. If you don’t, then you won’t be legal to drive on the road. If you think that third-party is the cheapest level of cover out there, then this is fine, but at the same time, you should look into other options. It may be that comprehensive cover is cheaper from another provider. If this is the case, then you need to make sure that you look into your options. You should also turn off automatic renewal quotes. It’s not a hard and fast rule here, but you do need to make sure that you are checking for loss and damage as well, because if you don’t, then you may find it hard to get the result you need.

 

 

Pay Tax Annually

 

Another thing you can do is try and learn how to pay tax annually. Paying annually is cheapest, and with direct debits, you don’t forget to renew it either. You also need to look at how much it costs depending on the vehicle’s value and age. Payments can be made online most of the time, and this is a great way for you to cut down on the amount of money you are paying out. You can also make one-off payments if you want. If you do this, then you will soon find that it is easier for you to save money overall.

 

Check PCP and Finance

 

It’s also important that you take the time to check PCP and finance if you can. If you have been mis-sold PCP, then you may have paid out more than you should have done, and this can entitle you to additional financial support. You can also seek out Volkwagen PCP claims if you want, as this is also a very good way for you to not only get the help you need but also make sure that you can cut back on the amount of money you are spending. If you are paying finance for your car, then sometimes you can pay it off early so you can avoid too many charges in the future. If you want to help yourself, then you should also make sure that you are taking the time to monitor your general financial situation and how much you are paying out right now on finance. If you see a cheaper deal, then see if you can put your finances on a credit card and then pay the credit card off over time. This is a great way for you to get the result you need, so be sure to keep that in mind.

 

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(amazon author page) amazon.com/author/kenboyd

(personal finance book/ self-published) 34 Stories That Explain Personal Finance