save on your vehicle Improving your driving habits

Save on your vehicle expenses by improving your driving habits

Remember how much time and effort you spent on finding the right vehicle? Not to mention your monthly cost on your vehicle finance repayment. In addition, you also have your monthly vehicle insurance premium and other expenses such as fuel.

Despite all these costs, there are however ways to save and minimise the general wear and tear on your vehicle:

Don’t ignore the warning signs: Ignoring little squeaks, rattles, bangs and other unusual noises that your vehicle makes is a mistake. As soon as your vehicle starts making a strange sound, it is vital that you get your car checked out immediately. Similarly, if an engine light or similar warning light keeps coming up on your car’s dashboard do not ignore it, as this could indicate something serious which needs urgent attention.

Use your vehicle’s hand brake: When parking, many people dismiss using the hand brake. This causes the entire weight of your car to rest on the parking pawl (a small piece of metal in the transmission). The parking pawl will eventually wear out and break due to the excessive weight, rendering the ‘P’ gear on your gearbox ineffective. This can cause major problems when parking your vehicle on a steep incline or decline.

Always try to fill up your vehicle to the brim: Modern fuel pumps are cooled down when submerged in fuel, therefore, if there is only a minimal amount of fuel in the car, your fuel pump will heat up and wear out much quicker. Filling up your vehicle’s fuel tank will take you further, however, if your budget does not allow you to fill up, we suggest keeping your tank at least a quarter full to avoid any unnecessary damage to your vehicle.

Don’t brake hard and accelerate fast: Stopping your car suddenly are sometimes necessary, but this causes the brake pads and rotors of your vehicle to wear out in a shorter space of time.

Don’t rev your vehicle in winter: Contrary to popular belief, revving your car’s engine does not warm it up. Switching on the ignition and letting the vehicle idle for a minute or two is the best way to warm the engine up. Revving your car when it is cold causes abrupt temperature changes that can damage vehicle components. It also causes undue wear-and-tear on vehicle parts of the engine that have not been lubricated through oil circulation yet.

Refrain from driving on your clutch: When waiting at an intersection, you may use the clutch to keep your car at a standstill. With a significant amount of time spent waiting, the clutch damages the pressure plate, release bearing and release arm. When the surfaces graze against each other they are worn down and could result in sudden vehicle failure. It’s better to wait at an intersection with the clutch out and gear in neutral with the brakes activated than riding on your clutch.

Don’t sit on the brakes when going downhill: When driving down a steep hill, you may feel the need to rest your foot on your vehicle’s brake pedal in anticipation of a sharp stop. This gesture strains and heats up the car’s brake system which wears out your brake pads and rotors. Rather shift to a lower gear which will slow down the car through natural drive train decompression.

Make sure you do your homework before applying for vehicle finance: Before you apply for vehicle finance, you need to make sure that you can afford what you will be paying for. Using tools such as the Iemas vehicle finance calculator, may help you to plan ahead. In addition, you can speak to an Iemas consultant to help you find an affordable vehicle finance solution to suit your needs and pocket.

Consider refinancing your vehicle: By refinancing your vehicle with a different vehicle finance service provider such as Iemas, you can save money as it allows you the opportunity to reduce your current monthly vehicle finance instalment. In many cases, refinancing your vehicle will lower your interest rate and will also assist you in maintaining a good credit record as settling your current vehicle finance is reported to the credit bureaus and reflects positively on your record.

Let Iemas’ vehicle finance solution put you in the driver’s seat. Remember, Iemas not only offers competitive and affordable vehicle finance options, but we can also assist with refinancing your vehicle or find your dream car on your behalf. We are as proud of your new wheels as you are, which is why Iemas also provides short-term insurance for those unfortunate incidents. Contact Iemas Financial Services on 0861 043 627 to speak to a vehicle finance consultant or visit our website

Read related blog article here: How to save even more money on fuel

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