For a lot of families, it’s essential to have at least one household car. After all, it can ensure you can take the kids to school every day. And it’s essential to get you to the workplace. But while a car is ideal for your family, it’s not so good for your bank balance. After all, it can be an expensive extra cost every month that your family has to fork out for. However, it doesn’t have to be the case. In fact, here are some ways you can run a family car without driving up debt.
Only use it when it’s necessary
A lot of people use their cars every time they need to make a journey. But if you do make loads of small journeys, you will find you end up spending a ton on petrol. In fact, it can end up more expensive than your other household bills. Therefore, to cut the costs, you should only use the car when it’s necessary. If you only need to go to the local shop, walk with the kids instead. And you might want to try biking with the kids to school for a change. Not only is it cheaper but it’s also good exercise for your family too. And it might be a good idea seeing if you can work from home occasionally. After all, it will save you a ton of petrol!
Get a car with a loan you can afford
It’s likely you won’t be able to pay out for a car outright. After all, for a decent family car, you are looking at paying around £10k. And this is a payment a lot of families can’t really afford. Therefore, they need to get a loan which will help them to buy the family car. But when you are looking at getting a loan, you need to make sure it’s something you can afford to pay back monthly. After all, if it’s a couple of hundred, it might send you over the edge with your finances. Therefore, check out the different options to ensure you secure one with an interest rate you can afford. In fact, it might benefit you to work on your credit history first as you might be limited to options if you are looking for bad credit car loans. And it might be worth looking at a cheaper car if you can’t find a good loan for the current vehicle you are looking at!
Keep it well maintained
A lot of families find they accumulate debt from problems which occur with their vehicle. After all, the more issues you have, the more times you are going to have to head to the garage. But if you keep the car well maintained, you might be able to avoid these issues. And then keep your bank balance happy. For one thing, make sure you take it for regular services. That way, they will spot issues early before it turns into a huge problem. And always keep an eye on things like your tyres and your oil levels. That way, you can spot issues and can fix them quickly before it turns into a huge expense.
And make sure you drive carefully. That way, you won’t drive up debt from speeding tickets and accident claims!