Transportation lands in spot number 2 for the top 3 expenses in British Columbia. Whether you own a vehicle, take the bus, or are wondering about your options, we have tips to help you cut down on transportation costs!
- Purchase A Used Vehicle
Brand-new vehicles are one of the fastest-depreciating assets you can buy. Even purchasing a car one or two years old is usually a great deal compared to buying a brand-new one.
- Do Your Research Before Purchasing A Vehicle
Some questions to research include: Does this vehicle require premium fuel? How common is this vehicle? (less common cars tend to be more expensive to maintain and repair, as materials and parts may not be readily available).
- Get A Full Vehicle Inspection Before Buying Used
This may seem counterintuitive, as a complete vehicle inspection will typically cost $100-$300 upfront. Still, it could save you hundreds or thousands of dollars down the road if you’re dealing with a dishonest seller (they are more common than you’d think).
- Use Public Transportation
Public transportation can be a fantastic option to save money, especially in larger cities. If you opt for this and ditch your vehicle altogether, you can save on gas, car insurance, maintenance costs, parking fees, and more!
- Use Car Share
Depending on your location, some ride-sharing options may be available to you. These are often very affordable, convenient, and much cheaper than taxis.
- Consider Purchasing A Bike Or An E-bike
E-bikes have been increasing in popularity recently, and for a good reason! They’re fast, fun, and can be an efficient mode of transportation. Regular bikes are also a great money-saving option as they are usually more affordable than an e-bike and can still get you from A to B with the added bonus of getting some exercise.
If you need car insurance, Harbord can now do most ICBC transactions by phone and email. Contact us today at 1-833-769-2886, and one of our friendly brokers will walk you through the transaction.