EXPLAINER — HOW TO CUT YOUR CAR COSTS

JUST as Australians started heading back to the office after pandemic-related lockdowns, the cost of getting there skyrocketed.

Saving a few bucks here and there may feel pointless when you’re paying twice as much for fuel as you were a couple of years ago, but every dollar counts – especially when household budgets are under pressure from soaring inflation elsewhere. Consider trying these seven strategies.

1.

Follow the fuel price cycle, which still exists in most capital cities and can fluctuate more than 30c per litre over a month. The accc.gov.au website has information about petrol price cycles, and graphs showing where in the cycle your city currently sits. Use free fuel price apps from motoring groups, governments and private businesses to compare costs in your area.

2.

Use discount schemes operated by retailers and other businesses that can deliver savings on each litre purchased. A simple 4c a litre can be earned using supermarket dockets, but these can multiply if you buy items instore or combine them with other businesses’ discount offers. But don’t chase a discount by buying an overpriced bag of chips at the petrol station if it negates all the savings you make on fuel.

3.

Drive more economically to reduce fuel consumption. That means avoiding harsh braking and accelerating, keeping the car well-tuned, inflating tyres correctly, going easy on the airconditioner where possible and driving within the speed limit.

4.

Remove excess items from the vehicle to reduce the overall weight, and take off roof racks, which will reduce the air resistance. Keep windows closed while driving to reduce drag.

5.

Avoid short trips: cold engines can consume 20 per cent more fuel.

6.

Car insurance can cost much more than it needs to if you don’t shop around and compare policies and premiums. The potential saving, for what is essentially the same cover, can be hundreds of dollars a year. Consider paying annually rather than monthly.

7.

Don’t feel bound to use your new car dealer’s service department. Warranty services and repairs can be done by most mechanics.