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Times are tough for millions of Americans.
According to research by Empower, 37% of Americans cant afford an unexpected expense over $400.
Naturally, those of us living paycheck to paycheck (or close to it) are keen onsaving money.
For example, being frugal about your car can be a recipe for a costly disaster.
GOBankingRates spoke withautomotive experts to discover the six times being frugal can backfire for car owners.
Avery cheap caris quite likely not in very good shape.
And that will cost you in time.
Also, pull the cars vehicle history report.
Kunes recommended opting for premium gasoline when appropriate for your vehicle.
It makes porcelain so shiny!
Well, using dish soap on your car is not a good idea.
It will provide you not with a clean car but with a costly problem.
It strips off all the wax and leaves you with a project of re-applying a fresh coat of wax.
Always use products designed for cars when washing yours.
When the lease is up, thats it, you essentially rented the vehicle, Fix said.
You dont own the car, so you have nothing to show for all your car payments.
Instead, purchase a certified pre-owned car and get a newer car for a lesser price.
Let the first owner deal with the depreciation.
New car and CPO warranties cover service & repairs during this period.
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