If you regularly use your vehicle and need it for work, then major increases in fuel prices can cause real problems for your monthly finances. However, there are ways of being economical with fuel in order to make your purchases go that little bit further.

Remember, when you’re shopping around for a car, look for one that’s fuel efficient. A car’s fuel efficiency is determined by its MPG (miles per gallon), and it’ll make a big difference to your regular fuel expenditure.

Fuel saving tips – the top 5

Go easy on your speed and accelerator

Sometimes you may just need to put your foot down (within the legal limits), but speed and use of the accelerator are two of the biggest factors that impact fuel consumption.

Go easy on the accelerator, and try to keep your driving smooth. If you’re in the highest gear possible, you’ll be using less fuel, but you need to ensure that you’re safely in control when doing so. Keeping revs down is also key, as revving causes an engine to spin faster, which guzzles fuel.

Practice good driving habits

If you’re approaching red lights, ease off the accelerator as you get closer to gently slow down. This is known as defensive or anticipatory driving and is a sure-fire way to save on fuel. It also typically means you’re more alert to your surroundings, making you a safer driver overall.

Vehicle maintenance

Keeping your vehicle well serviced will not only ensure that it’s safe to drive, it’s also one of the best fuel saving tips. Why? That’s because it guarantees the vehicle is working at optimum efficiency.

Monitor tyre pressure

Keeping on top of your tyre pressure makes a significant difference with fuel efficiency. The lower your tyre pressure, the more fuel the car will need as a result of resistance.

As such, it’s best practice to keep on top of your tyres between services – every fortnight or so is best.

You should be able to locate figures specifying your vehicle’s optimal tyre pressure on the inside of the driver’s door, but consult the handbook if this is tricky to find. Keeping on top of your tyre pressure can also help maintain your brakes, as tyres that are wrongly inflated will impact their wear and tear.

Maximise aerodynamics

This sounds a tad technical, but it boils down to minimising any drag or interference on your car. Roof bars and racks will result in higher fuel usage as a result of wind resistance – even if the rack’s empty.

Reducing the load carried by your car is also a top fuel saving tip. Clear out your car boot whilst you’re removing the roof rack, bicycle carriers, or any other bits and pieces.

Update to a new fuel-efficient car

If you’re concerned about your vehicle’s fuel efficiency and are looking to purchase an alternative, My Car Credit can help you to get car finance on a variety of cars from new or used dealerships – or check out our approved list of nearly-new vehicles to choose from.

Our easy-to-use car finance calculator will also ensure you find affordable financing options. Have more questions about buying a fuel-efficient car on finance? Get in touch with our friendly team on 01246 458 810 or enquiries@mycarcredit.co.uk.

Rates from 9.9% APR. Representative APR 12.4%

Evolution Funding Ltd T/A My Car Credit

My Credit Rating

Excellent

  • You are a home owner
  • You have been on the electoral role for a long period of time
  • You have current credit arrangements and mortgage with no defaults
  • You have no CCJs, credit arrears or missed payments
  • You rarely apply for credit
  • You are employed or self-employed

Good

  • You are on the electoral role
  • You are a home owner or long standing tenant
  • You have a stable employment history
  • You have current credit arrangements with occasional missed payments
  • You have no CCJs

Fair

  • You are or have recently been on the electoral role
  • You may have recently changed address
  • You may have occasional missed payments
  • You may have an old CCJ
  • You may have regularly applied for credit

Poor

  • You may have had frequent changes in address
  • You may not be traceable on the voters roll
  • You may have exceeded credit card limits
  • You may have missed payments on current agreements
  • You may have had a CCJ in the past

Bad

  • You may not be traceable on the voters roll
  • Your credit cards are over their limits
  • You have recent CCJs
  • You may have been refused credit elsewhere
  • You may be in a debt management plan
£

X monthly repayments of
£X

Typical rate

Loan amount

Total payable

X% APR*

£X

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 12.4%, annual interest rate (fixed) 12.36%, 47 monthly payments of £196.44 followed by 1 payment of £206.44 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,939.12, total amount payable is £9,439.12.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!