Fuel prices are becoming difficult to budget for as drivers deal with a recessionary economy and spiking prices. Placed against uncertainty over car loans and the general cost of paying tax and maintaining a vehicle, being able to make some savings on fuel has never been more important. Some ways to approach this problem include switching to hybrid and electric cars, as well as exploring the market for fuel efficiency, driving safely, and being careful about how you pay and save on your fuel. Doing so can ultimately make annual fuel budgeting easier to manage.
1 – Hybrid and Electric Cars
One option is to switch to hybrid and electric cars. Hybrid cars combine an electric motor and a petrol engine, and rely on both alternating or being used individually to save on petrol usage, while also reducing CO2 emissions. It is worth investigating hybrid cars, which include the Toyota Camry and the Honda Prius, if you feel that you can save money on refilling petrol by making use of an electric motor for shorter distance. The cost of charging an electric motor can produce more savings due to a charge lasting a longer amount of time with careful use. While pure electric cars are still not quite as widely available to make them a straightforward option for drivers, hybrids can provide a cost effective solution.
2 – Know the Market
When looking for a new car, it is important to check for fuel efficiency, and to see whether you can save money by buying a vehicle that will better conserve petrol. As well as previously noted hybrids like the Toyota Prius, which produces 49.6 mpg, the Honda Insight’s 41.3 mpg performance, and the Chevrolet Volt’s 37.1 mpg make them economical solutions. Fuel efficiency and low emissions can also be achieved with makes like Ford Fiesta, BMW’s 3 and 5 Series, and the Mini Cooper D, a 1.6 litre diesel engine.
3 – Driving Tips
You can avoid having to make multiple engine refills by being careful about your driving. Try to keep your engine revs between 2000 and 3000, and switch off your engine when you are at a standstill for longer than a minute. Over accelerating can also cause problems. It is similarly worth checking your engine on a regular basis for any leaks.
4 – Buy the Right Amount of Petrol
Many people end up paying the wrong amount for petrol. Make sure you stick to regular petrol unless your car model specifies premium. Similarly, ensure that you don’t top up unnecessarily, and that there aren’t any leaks when you fill up that can add a few extra pound to your bill.
5 – Consider How You Pay
You can make some savings by changing the way in which you pay for your car’s fuel. Paying with a reward and cashback credit card can mean that you can simply pay off a bill each month without accruing debt. Doing so can lead to points rewards and future discounts on your fuel costs.
Rob James is a mechanic and kit car enthusiast, working in conjunction with Cooper BMW. Rob likes to blog about kit cars, general maintenance, and enthusiast rallies.