Buying a fuel efficient car isnâ€™t rocket surgery but there are a few things to consider before you buy one that can save you much more money over the life of the car and not just on your initial purchase price. The next 6 Tips will give you a lot to think about before you make this large, important purchase.
First you should consider what you need the car for. Is this a car to go back and forth to work with just you driving or is it for the family? How many people will be in it most of the time? If you get a car thatâ€™s much bigger than you really need you wonâ€™t save nearly as much gas as you could.
That being said, the right size and model is important. If you have 3 kids in high school a minivan is probably better than a sports car even though the sports car may get better mileage. On the other hand if youâ€™re single and it doesnâ€™t look like thatâ€™s going to change anytime soon a smaller car may be your best bet and will save you a lot on gas.
Sports car or compact car?Â Letâ€™s be honest; if youâ€™re young and impulsive a sports car may look â€˜coolâ€™ but itâ€™s going to suck up gas like a kid sucks up candy and, in the end, who are you really trying to impress?
Do your research and check out the best mileage models. If you go online you can find out which cars in the type of model you want get the best mileage.Â Unless you have other criteria the one with the lowest mpg number is your best bet.
A Hybrid vehicle is a viable option and important to consider.Â What you may want to do is figure out approximately how many miles you drive each year and see if the higher cost of a hybrid is going to save you money over the length of the carâ€™s life. Consumer Reports says that the average time to recoup the extra cost is 5 years.
Consider Diesel if possible but remember that youâ€™ll pay more at the pump per gallon and the amount of extra miles that a diesel gets may not be worth the extra cost of the fuel itself.Â If you donâ€™t do excessive amounts of driving it may be worth it however.
If you use these 6 Tips wisely you will be able to make a better choice and save some real money in fuel over the life of your new car.