A New Lease of Life

Whether you live in a city, town, village or hamlet; transport and how we get from A to B is something that affects us all.

In our every day lives, transport is something that has to be factored into nearly every decision we make.  Where our children will go to school and how to get them there.  How long our commute to work will take and whether the same is more cost and time efficient in a car, train or bus.  Whether that night out is really worth it, when you will be spending £40 on taxis.

Roman Fox

For the past ten years I have been using public transport and taxis to carry out both my commute and my every day/social life. 

I want my own space back.  A simple journey to the shops that does not take an hour and two buses, but takes ten minutes.  I don't want to wait at a freezing cold bus stop, for a bus that frequently does not come.   I want to go to the cinema knowing that I haven't spent more on transport than the ticket.

I want to put down the pedal down on my own metal.

I want a car.  But, what I don't want is a long term commitment or to be fixed in financially for five years.  What I do want is a good, new or nearly new reliable car that will keep me safe, keep me in comfort and not an old banger like I used to drive.  So what to do?

Malte Wingen

There are many different options when it comes to buying, hiring or leasing a car and I have looked at all of them.  As I said, I don't want to be committed for years on a large payment, nor do I want to hire, which seems expensive and without the added benefits of leasing where you can get maintenance in with your contract.

Deciding to look at more high spec cars, again with safety in mind, I looked at The Best Volvo Lease Deals and did a comparison of how much I would pay over a 36 month period with leasing versus hire.

I specifically looked at the Volvo S90 T4 Momentum Plus as being a good combination of the great safety record of Volvo, with a sleek elegant look and a good engine size for the speed that I love.  Safely first of course!

The figures came out at over £2,600 less money paid by leasing the vehicle versus hiring it over the same 36 month period.  

This particular vehicle is worth over £38,000.00.  Looking at a cheaper vehicle for additional comparison, I looked at the Nissan Micra 1.0 PS117 N-Sport which is approximately £17,000.00.

The saving still worked out comparing leasing over hiring.  Looking again at the same 36 month contract, with 10000 miles allowed, the saving was over £1,100.00.

In summary, if you do not want to get tied into a long contract to buy a vehicle and want to see what is best option of leasing versus hiring, leasing is the cheaper option and also, allows you to add maintenance into the contract.

Now to look at what vehicle I want to lease!

How To Cut Down On Your Car Budget

Whether it is needed your daily commute, ferrying the children around to various schools and activities or just for day to day life, a car has become a necessity to 21st century living.  

It does not matter if you live in the suburbs or in the city, a car is a convenience that wins over public transport every time in terms of convenience and speed to destination.  My journey to work for example takes 10 minutes by car, 30 by bus.

I am currently getting back into the car market after a long spell of public transport and I cannot wait to get behind the wheel again.  That said, I am conscious of the costs that come with buying, maintaining and fueling a car so I have been looking around for some tips to help bring down the costs.

Buy Used

If you are looking to be economical and don't want a car that costs the earth, the best thing to do is buy a used car.  I am in the process of looking at second hand cars in Brighton to find a car at an affordable price.

With buying second car, your choices also open up much more and you are more likely to be able to afford a model that you could not afford new, but a version just a few years older that you will love just as much.

Find a Reliable Garage

Whilst in the process of looking for a car, I am also getting advice and tips from friends and family in my locality for a great and reliable garage.  Maintaining your car, making sure that it is serviced regularly and properly (without it having to cost the earth) is one way to keep costs down.

You want to find somewhere that has been recommended by at least three other regular users and look out for comments on pricing etc.

Save on Fuel

Aside from insurance and maintenance, one regular expense for your vehicle is petrol.  There are many ways that you can save money in this area just by following a few of the below tips:

• Slow down - did you know that accordingly to AA research, dropping just 10 miles an hour on speed on the motorway can save you up to 25% in the cost of your fuel?

• Reduce the weight - do you need all the stuff in the boot of your car?  Do actually use that luggage rack on top?  If the answer is no, get rid of it.

• Be economical with the air conditioning.

• Keep an eye on your tyre pressure.

• Drive a manual car - automatic vehicles reportedly use 10 - 15% more fuel than a manual car.

Cut Down on Unnecessary Trips

How many times have you nipped to the shops, the supermarket or local town to buy something, only to return home and remember something that you forgot to buy?  I do it all the time.

To save making unnecessary journeys, pin a simple shopping list on your fridge and keep adding to it.  When you have 5-10 items on the list, go shopping and TAKE THE LIST WITH YOU!

How do you save money on your car budget?

*Collaborative piece