5 Ways People Waste Money on Their Car

Maintaining a car costs money, there’s no denying that. However, failing to maintain your car costs you money in the long run and so ends up as a waste.

For example, if you drive regularly and never change your air filter, you could be getting much less mileage out of your gas than if you changed it every 25,000 miles.

Getting a loan with a bad credit score

Sure, you really want that new BMW…even if you can’t actually afford it. You’ll just finance it, no big deal, right? If you haven’t been paying attention to your credit score, you are going to end up paying way more than you anticipated.

Making unnecessary modifications

Alloy wheels, tinted windows, and pimped-up engines all cost money you don’t need to spend. In general, car modifications are unnecessary and are arguably a waste of money. Also, they lead to higher insurance premiums.

Paying too much on insurance

It’s not just modifications that have an impact on how much insurance you pay, either. You can’t get away from all car insurance costs as you’re required to have a certain standard of cover by law, but it is possible to get good value for money and it’s definitely worth doing.

Your car’s warning lights are there for a reason, so don’t ignore them if they come on, or you could be throwing money down the drain. It might cost a few dollars to make a repair now, but something relatively minor could turn into a much bigger problem if you don’t sort things out quickly.

Ignoring warning lights

Delaying fixing your car might save you money and time in the short term, but it’s almost certain to cost more in the long run. And, as it is money you needn’t have spent, that definitely counts as waste.

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