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MoneyTips

By Haden Kirkpatrick, Esurance Head of Marketing Strategy and Innovation

Despite the majority of cars being parked 90 percent of the time, cars are the second biggest expense in the average American’s budget. Aside from the actual purchase of the vehicle, owners also must pay for maintenance, insurance, repairs, gas, and cleaning costs. And don’t forget parking!

If you’re looking to cut your spending, we’ve got you covered with this list of tips to slash some of the major auto costs and keep more money in your pocket.

1. Buy or Lease a Pre-Owned Vehicle

In 2018, the average cost of a new car is $31,455. That’s plenty for an asset that loses value as soon as you drive it off the lot.

Buying a pre-owned car can save you tens of thousands of dollars. This consumer report breaks down some of the best use…

Tags: #Loan Guider #Personal Loans

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