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Finweek English Edition - - COVER STORY SAVINGS TIPS -

Fol­low the 20/4/10 rule when buy­ing a car.

Put down a de­posit of at least 20%. Don’t fi­nance the car for more than four years, and spend no more than 10% of your gross in­come on trans­porta­tion costs (in­clud­ing petrol, main­te­nance and in­sur­ance). Some be­lieve you should only buy a car you can af­ford to pay cash for.

2. Keep a ‘light’ foot on the pedal.

Smooth driv­ing that in­cludes chang­ing gear when the ap­pro­pri­ate rev lev­els are reached and ad­her­ence to speed lim­its will keep fuel con­sump­tion to a min­i­mum. “The more con­ser­va­tively you drive, the more you can re­duce costs,” says Des Fen­ner, gen­eral man­ager of Dat­sun South Africa. Other tips that help keep con­sump­tion costs down in­clude min­imised idling, min­i­mal use of air con­di­tion­ing, keep­ing win­dows closed while driv­ing to re­duce drag, and avoid­ing un­nec­es­sary short jour­neys.

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