5 Ways People Waste Money on Their Car

This may be something of a personal pet peeve, but why do people waste money on their cars? Spending money on cars, fine. Wasting money? Not so fine.

From buying gas to car insurance, you can’t get away from the fact that motoring costs money…a lot of it! But with this in mind, it makes even less sense to waste money on cars. Below are five common ways people waste money on their cars.

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.

Not maintaining them properly

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.

Getting a loan with a bad credit score

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.

Making unnecessary modification

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.

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