Fuel Prices and Car Choice: The Connection
Main Factors in Choosing a Car
There are three (3) main factors in choosing a car to purchase. First is Quality which pertains to workmanship and expected durability. Car purchase is a major financial decision so it is always to the best interest of the buyer that a car performs and withstands ordinary wear and tear due to use. Some buyers connect quality with brands but unfortunately, this is not always the case. Checking reviews and asking for recommendations based on minimum personal style preference is a good idea.
Cost of ownership is another major consideration. It would be very difficult to own a car however eye-catching, if it ends up straining the finances of the car owner. One easy way to calculate for auto loan payments is the use of an online Car Payment Calculator. It removes the guessing game whether a borrower can manage monthly loan payments or not.
Car Choice Based on Fuel Efficiency
Smaller and lighter cars are typically more fuel efficient than their heavier counterparts. New technologies such as multi-speed transmissions also facilitates fuel efficiency. The kind of fuel will also determine overall fuel expenses.
What many drivers fail to understand is that the driving style affects fuel efficiency. Rapid starts and stops as well as careless weaving in and out of traffic are the perfect formula for fuel wastage. This is not to mention exposure to greater risks to accidents.
My Say
At the end of the day, car owners ultimately decide on what basis to use for car purchase. It is best to say however that more and more buyers are wising up in choosing fuel efficient cars. With no assurance that fuel prices has reached its peak, monthly gas expense should be accounted for in the same way as monthly payment for car loans.