Saturday, April 22, 2006

Other Costs to Consider

There’s more to buying a car than just paying for it. Other items to budget for include insurance, gas, maintenance and repairs. Here are some tips to help you save money:

1. Compare coverage and premiums with several insurance companies. Buy from a low-price, licensed insurer, or add your teen to your policy. Some companies offer discounts to students with good grades. Remind your teenager that it pays to drive safely and observe speed limits. Traffic violations can cost money in tickets and higher insurance premiums.
2. Pump your own gas and use the octane level your owner’s manual specifies.
3. Keep your car in safe driving condition. Following the vehicle’s maintenance schedule can help forestall costly repairs.
4. Look for a mechanic who is certified, well established, and communicates well about realistic repair options and costs. Find one who has done good work for someone you know.