Click and Clack
Save on repairs -- and skip the new-car payments.
Click and Clack, the Tappet Brothers -- a.k.a. Tom and Ray Magliozzi -- spout their brand of wry car advice on National Public Radio. Their top tips for saving big bucks on your vehicle:
Drive gently. Accelerate slowly, without snapping your head back. Brake gently and avoid panic stops. Don't weave in and out of lanes on the freeway, and keep your highway speeds down -- for every mile per hour over 55 that you travel, your fuel economy goes down by 2%.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
SAVINGS: $449
Go indie. If your car is off warranty, take it to an independent repair shop. We commissioned Murky Research and Development to do some research and found that, overall, dealers charge 15% more than independent repair shops for the same repairs. Why? Higher labor rates.
SAVINGS: $220
Don't drive. If you're near public transportation, leave your car at home and use the bus or train. Or ask if you can telecommute. If your commute is 30 miles a day and you cut out one day of driving, you'll save gas and wear on your car. Plus, you'll find it more relaxing than dodging cell-phone-addicted commuters.
SAVINGS: $194
Keep the clunker. Even if it doesn't score you the babe or hunk of your dreams, owning an older car offers something else: a truly liberating experience. You no longer care about dents or bird droppings. And best of all? It's paid for!
SAVINGS: $1,670 (based on skipping a new-car payment and typical ownership costs for a five-year-old car)
TOTAL ANNUAL SAVINGS: $2,533
(for more of Click and Clack's advice on gas savings, see below)
Save on gas
More tips from the car talk guys.
Get a checkup. Regular service can spot lots of problems that reduce gas mileage and increase pollution, such as a broken thermostat, low transmission fluid, sticky brake calipers or a dirty air filter. You could increase your fuel economy by as much as 10% -- enough to cover the cost of the service and buy a supersize falafel sandwich with free-range bean sprouts.
SAVINGS: $194
Lose the junk in your trunk. Toss out the four bowling balls, the barbells and the lead-lined box of plutonium fuel rods. Also, remove anything that causes additional drag, including the roof rack and the cargo carrier on your minivan you're not using. An extra 100 pounds carried in your car could reduce your mpg by up to 2%.
SAVINGS: $39
Skip the premium gas. Even if you have an engine that's designed to run on premium fuel, you can probably fill up with regular most of the time. You may lose a little power, but nearly every car on the road today is equipped with a knock sensor to eliminate pinging. If you drive without lead-footing the gas pedal or overloading your car and you don't hear pinging, you can use regular fuel. Of course, you'll lose that warm feeling of giving oil companies 20 cents to 30 cents more for each gallon.
SAVINGS: $93
TOTAL ANNUAL SAVINGS: $326
Trip trimmers
Timing is everything when you travel.
Off-peak bargains. Dreaming of a trip to Hawaii? Consider hitting the islands earlier in the year, during the off-peak season. According to Kayak.com in late December, airfares from Washington, D.C., to Honolulu start at $879 round-trip for flights in mid July, but drop to as low as $719 round-trip for early-March trips. And because we’re talking Hawaii, the weather will be just as gorgeous.
SAVINGS PER COUPLE: $320
Take off on Tuesdays. Flying during the week instead of on weekends, when most people travel, is a great way to save. For example, going from New York City to San Francisco on a Friday in mid May and returning the following Friday will cost $388 a ticket. A Tuesday-to-Tuesday round-trip would cost just $338 a person.
SAVINGS PER COUPLE: $100
Procrastination pays. Last-minute deals that offer great bargains on unfilled plane seats and hotel rooms are regularly posted on many travel Web sites, including AerLingusVacationStore.com. In early January, for example, two people heading from New York to Dublin could get a package with two plane tickets and four nights at the three-star Regency Hotel for $1,449 if they booked by mid January for an April trip. But if the couple could take off before late February, the cost would drop to $1,189.
SAVINGS PER COUPLE: $260
TOTAL ANNUAL SAVINGS: $680
-
What Is a Qualified Charitable Distribution (QCD)?Tax Breaks A QCD can lower your tax bill while meeting your charitable giving goals in retirement. Here’s how.
-
Embracing Generative AI for Financial SuccessGenerative AI has the potential to reshape how we approach learning about and managing our personal finances.
-
Roth IRA Contribution Limits for 2024 and 2025Roth IRAs Roth IRA contribution limits have gone up. Here's what you need to know.
-
Four Tips for Renting Out Your Home on Airbnbreal estate Here's what you should know before listing your home on Airbnb.
-
Five Ways to a Cheap Last-Minute VacationTravel It is possible to pull off a cheap last-minute vacation. Here are some tips to make it happen.
-
How to Figure Out How Much Life Insurance You Needinsurance Instead of relying on rules of thumb, you’re better off taking a systematic approach to figuring your life insurance needs.
-
Amazon Big Deal Days Is Coming! We’ve Got All the DetailsAmazon Prime To kick off the holiday season with a bang, Amazon Big Deal Days runs Tuesday, October 8 and Wednesday, October 9.
-
How to Shop for Life Insurance in 3 Easy Stepsinsurance Shopping for life insurance? You may be able to estimate how much you need online, but that's just the start of your search.
-
Five Ways to Shop for a Low Mortgage RateBecoming a Homeowner Mortgage rates are high this year, but you can still find an affordable loan with these tips.
-
Retirees, It's Not Too Late to Buy Life Insurancelife insurance Improvements in underwriting have made it easier to qualify for life insurance, which can be a useful estate-planning tool.
