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Last updated on April 17, 2021
With more than 95 percent of US households having a car, owning a Mustang is a special feeling. No matter what model you have, your motorized companion's average age goes up to 11 years. Sometimes, you should splurge on high-quality Mustang performance parts during this period, and then, you can salt away by being thrifty.
Did you know Americans splurge over $2 billion every year on premium gasoline that their car may not even need? If you're one of them or clueless about where to spend and where to save on your car ownership, here are some tips to help.
Splurge on Better Tires
Under-inflated or flat tires can cost you anywhere from $300 to $500 every year per 12,000 miles driven. Nearly 5 million gallons of fuel are wasted every day due to under-inflated or flat tires.
Your owner’s manual lists the correct tire pressure for both the front and rear. Buy a tire pressure gauge to inspect it at least once a month. If you want to splurge a bit more, buy Mustang performance parts like hybrid forged wheels for smooth driving experiences.
Save on Gas
Gas prices are volatile, but you can save your money even when they soar. All you have to do is change your driving style. Avoid costly habits like driving aggressively or speeding above permissible limits. If you drive moderately, you may save up to 30% on your fuel costs.
Regular tune-ups and inflated tires also save your gas money. Fuel economy is the Holy Grail for car owners to reduce their monthly expenses. So, ensure timely fluid changes and avoid buying premium gas.
Splurge on Routine Maintenance
Forgetting the regular and routine maintenance will make you spend much more than the preventive costs. Your owner’s manual tells you when to service your vehicle, and it’s not optional. With routine servicing, your car will get a new lease of life after every few miles.
Most manufacturers recommend a check-up and tuning after every 50,000 miles and tire change every 5000 miles.
If you drive a brand-new or used Mustang, you may skip the dealership and get your car inspected by an independent certified mechanic instead. Please don't fall for their upsells, though. If you need to invest in any spare or Mustang performance parts, perchance, buy it from a reliable seller only.
Save on Insurance
Insurance is another avenue to save money on your car ownership. With proper research, you can save $400 or more a year, which may mean changing your current auto insurance provider.
Leaving your policy on auto renewal and not shopping around may cost you hundreds of dollars extra every year. While the interest rates fluctuate every year, you can save more by comparing the top insurers and choosing the best one.
A study reported that people saved an average of $356 by shopping around for their auto insurance policy. And don’t even consider going uninsured on the roads. It’s illegal, dangerous, and you’ll pay more than you will ever save on insurance costs if you’re caught in an accident.
Now, imagine what you can do with the saved money. You can upgrade your vehicle with high-quality accessories or Mustang performance parts like camshafts, oil filters, suspensions, transmission, spark plug, etc. for more fun on the roads. Sounds like the plan, right?