"A Penny Saved Is A Penny Earned"

Monday, September 21, 2009

7 Ways to Save Money on Transportation

Airbus A330-200Image via Wikipedia

7 Ways to Save Money on Transportation

1. Airline Fares
You can lower the price of a roundtrip air fare by as much as two-thirds by making certain your trip includes a Saturday evening stayover, and by purchasing the ticket in advance.
To make certain you have a cheap fare, even if you use a travel agent, call all the airlines that fly where you want to go and ask what the lowest fare to your destination is.
Keep an eye out for fare wars. Be prepared to act quickly.

2. Car Rental
Since car rental rates can vary greatly, shop around for the best basic rates and special offers.
Rental car companies offer various insurance and waiver options. Check with your insurance agent and credit card company in advance to avoid duplicating any coverage you may already have.

3. Buy Used Cars
When you are considering buying a car, buy used and you will save thousands of dollars. Most people can find a quality used car with low miles from those who were not so frugal and bought beyond their means. Checkout local papers, craigs list and other websites for deals.
Before buying any used car:

a. Compare the seller's asking price with the average retail
price in a "bluebook" www.KBB.com or other guide to car prices.

b. Have a mechanic you trust check the car, especially if
the car is sold "as is."

Consider purchasing a used car from an individual you know and trust. They are more likely than other sellers to charge a lower price and point out any problems with the car.

4. Car Repairs
Prevention is the best medicine. Most repairs cab be prevented or minimized by regular maintenance such as checking and keeping the fluids up (i.e. radiator fluids, transmission fluids, brake fluids, and oil). Also, regular oil changes and tune ups, along with replacement of worn parts like brakes and tires.
When repairs are needed, consumers lose billions of dollars each year on unneeded or poorly done car repairs. The most important step that you can take to save money on these repairs is to find a skilled, honest mechanic. Before you need repairs, look for a mechanic who:
* is certified and well established;
* has done good work for someone you know; and
* communicates well about repair options and costs.
A properly maintained car runs better and saves on fuel.

5. Auto Insurance
You can save several hundred dollars a year by purchasing auto insurance from a licensed, low-price insurer. Call your state insurance department for a publication showing typical prices charged by different companies in your state. Then call at least four of the lowest-priced, licensed insurers to learn what they would charge you for the same coverage.

Talk to your agent or insurer about raising your deductibles on collision and comprehensive coverages or, if you have an old car where repairs would be easier paid for out of pocket, dropping these coverages altogether. Taking these steps can save you hundreds of dollars a year.
Make certain that your new policy is in effect before dropping your old one.

6. Sell the Car
Join a car pool or take public transportation. Sometimes we need to look at the big picture of automotive ownership and see if it’s feasible just not to own at all.

7. Don’t Drive!
Try walking or biking to your destinations, it not only saves money, it’s good for your health (both physical and mental).


A penny saved is a penny earned,
--Greg

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