Credit inquiries can dock your score by multiple points, but they’re a necessary evil if you’re trying to open a new line of credit. Luckily, there are times where multiple inquiries will combine to count as only one. Any time you apply for a new credit-based product, such as an auto loan, credit card, or…
Vehicle maintenance should be a planned expense for any car owner, but many people overspend at the mechanic shop. Being smart and proactive about your car’s maintenance could mean serious savings, both in overall cost and in preventing larger, more expensive, mechanical issues down the road.
The easiest way to save money on repairs is to actually do the preventative maintenance. Many people avoid things like oil changes, replacing filters, and tire rotation, but ignoring these simple and regular tasks could lead to much more costly and dangerous results.
Of course, doing these things yourself is the most cost-effective method, but for the less-handy, these repairs are relatively inexpensive. Further, because they are a planned and necessary task associated with owning a vehicle, setting money aside each month in anticipation of these upcoming costs is a great way to avoid feeling overwhelmed.
When working with a mechanic on other issues, there are three key ways to ensure you get the best deal and only spend on what you need. First, avoid accepting the first repair shop quote; shop around, get a few estimates – it could save you hundreds.
Second, don’t tell the mechanic what parts to replace. Often, parts simply need repair and not replacing, or the customer is incorrect about the cause of the issue. Some mechanics may replace the suggested part because they were asked to, not because it’s necessary – costing you extra cash.
Third, to avoid shady repair practices, ask for parts back when mechanics mention replacing it. Dishonest repair shops may scam drivers by charging for work that was not done or for repairs that were unnecessary.
Saving money in small ways can make a big impact. Being smart and proactive with repairs can potentially save you hundreds!