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Top 5 Tips For Extending the Economic Life of a Car

economic life of a carExtending the economic life of a car does a few things for you. It helps prevent you from spending money on a new vehicle, and it keeps major repair costs down. The main problem is that some folks don’t maintain their vehicles as they should. This article gives you a few simple tips if you truly want your vehicle to last.

Top 5 Tips For Extending the Economic Life of a Car

And…in no particular order, here are the top tips for extending the economic life of a car!

1) Replacing Parts

Many people postpone replacing failed parts if the parts are small enough to be ignored. But you never know when a small part problem can lead to something worse. In fact, this is exactly why it’s important to:

  • find a new fuel gauge if the old one stops working,
  • replace an old air filter sooner rather than later, and
  • deal with other malfunctioning or worn parts as soon as possible.

You are doing a disservice to your vehicle and putting your wallet at risk by not immediately taking care of problems with car parts.

2) Topping Off or Changing

The next thing you want to do is make sure you top off your oil, your coolant, or your transmission oil when needed. Ignoring these fluids can cause damage to the engine that can cost you thousands of dollars to fix. Don’t put yourself in unnecessary danger when all you have to do is add more when needed.

  • You should also remember that you need to replace some of these fluids at some point.
  • The engine oil could collect grime and foreign objects.
  • Dirty oil shouldn’t be topped off anymore but changed completely to keep your engine running smoothly.

Related: 18 Ways to Save Money on Your Road Trip This Summer

3) Fend Off the Elements

It is important that you work on making sure your vehicle is as safe as possible from outdoor elements. Even something as small as bird feces could damage your vehicle’s exterior. This is because this material contains acidic compounds, and that could degrade your paint, forcing you to repaint earlier than usual.

Degraded paint could also lower your vehicle’s price. Park your vehicle inside a garage, or make sure you place a protective cover over the entire vehicle. This cover can also help protect interior colors and materials from UV damage that can reduce your vehicle’s value.

Related: How I Flipped a Car in Just 2 Weeks!

4) A Little Tire Care

Your vehicle’s tires are usually overlooked because most of the time they function relatively well even if they are balding. This is not something you want to take a gamble on. Balding tires may seem to work just fine, but their ability to keep you safe has been significantly reduced.

  • Several worn tires won’t give you the kind of grip you need if the roads are wet or snowy.
  • A sudden stop could turn into a disaster simply because your tires don’t have enough grip.
  • Replacing all of your tires can cost you a few hundred dollars, but imagine how much damage an accident could cause.

Related: 21 Smart Ways to Save Money on Gas

5) Good Old Fashion Checkups

Don’t forget how important it is to have your vehicle checked regularly. A mechanic can help you see issues you might be missing and address them early. Again, early prevention is one of the smartest things you can do if you are trying to extend your vehicle’s life and are trying to save money.

Some people who are trying to save money decide to ignore checkups and see a mechanic only during an emergency. This is a mistake that can end up costing more later. Visit a few mechanics until you find one that you trust because the more your mechanic knows your vehicle, the more he or she will be able to help.

The life of your vehicle is in your hands, and if you are really worried about how much you spend on your vehicle, then use these tips to take a preventative approach.

Bonus Tip: Drive Safely

You didn’t think we’d let you go without giving you a bonus tip, did you?

Well here it is: drive safely.

If you’ve ever been in a car accident or had to purchase SR22 insurance online, you’ll know that it is all too easy for expenses to rise. However, driving safely keeps them in check. It allows you to keep your premiums low and it can actually reduce wear and tear on your vehicle. So be gentle with that gas pedal, and treat every excursion in your car as a test of safety.

Are you ready to extend the economic life of a car? Follow the tips above and keep caring for your vehicle!



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

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