Vehicle-related costs rank as one of the largest expenses in the lives of most individuals. It is often an essential expense. Vehicle-related expenses can be broken down into a number of categories: monthly car payments, insurance payments, maintenance costs, repair costs, and fuel costs. Many of these costs are unavoidable and perpetual. Fuel costs will never end. The price of a gallon of gas may fluctuate, but it will always exist. One of the expenses that can be eventually eliminated is that of the car payment. To accomplish this, the life of the vehicle must be extended beyond the term of the car payments. Hastings & Hastings offers tips for extending the life of a car, and thus lower vehicle-related expenses.
Hastings & Hastings notes that regular oil changes are a crucial factor in extending the life of a car. The engine is like the heart of a car, and it needs regular oil changes to function properly. Without them, heat and friction cause damage to the engine. Over time, this can lead to catastrophic failure. Drivers should refer to their owner’s manual to learn how often they should be receiving oil changes. Conventional wisdom dictated a frequency of 3,000 miles or 3 months. Many manufacturers will recommend less frequent oil changes.
Hastings & Hastings advises vehicle owners to bring their cars to the mechanic for regular maintenance. The parts of a car, especially the smaller ones like belts, will wear down over time. This can cause a chain reaction in the car and lead to other issues. For this reason, regular maintenance can greatly extend the life of a car.
Hastings & Hastings further comments that nothing will end the life of a car faster than a catastrophic car accident. Drivers who wish to keep their vehicles on the road for years after their car payments end, should drive safely and follow traffic laws.
“Making that last car payment will feel amazing. Just imagine freeing up several hundred dollars in your monthly budget. Extending the life of your car takes money and effort, but it is something that will pay off huge in the long run,” said David Hastings, the founder of Hastings & Hastings.
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