subject: More Affordable Car Ownership from Houston TX Hyundai [print this page] Many people buy used Hyundai cars in an effort to save money over the cost of buying a new car, but you could make car ownership more affordable with the following tips from Houston TX Hyundai:
Drive a New Car Longer than 6 Years
The average person buys and keeps a car for about six years. If you divide the cost of the car by the number of years you drive that car, you find out how much per year you spend to drive the car. A $19,000 car driven over the average 6 years will cost about $3,100 per year to own, before the cost of maintenance or gasoline.
If you keep the car for ten years instead of six, your $19,000 car will now cost you around $1,900 per year to own. Every year you drive the same car, the less the car costs you per year. If you'd like to own a new Hyundai, you can make it more affordable simply by keeping and driving the car longer.
Pay Off Your Car Loan Before It's Due
Most people finance the cost of new cars rather than pay for them outright with cash. Whenever you finance a car with interest, you can save money simply by paying the car loan off before it's due. The faster you pay a loan with interest off, the less interest you pay total. You can also reduce the amount of interest you pay by making a large down payment on the car, to reduce the total amount you need to finance.
More Affordable Car Ownership from Houston TX Hyundai
