Big vehicles such as trucks and SUVs have plenty of appealing features to offer — more space for the driver and passengers, more storage room, and better hauling capabilities. With more space typically comes a higher price tag, however. Everything from the sticker price to gas seems to cost more in a bigger vehicle.
Larger engines, special features, and high demand may all be factors for the steep cost of big vehicles. These larger models also get less gas mileage than their smaller counterparts, so owners typically spend more at the pump fueling them.
While these higher costs aren’t typically enough to deter people from purchasing a larger car, it’s still nice knowing you can save money when it comes to your large automobile.
Insurance Costs Can Be Lower for Larger Vehicles
Many people may assume a smaller car will cost much less to insure than a large truck. However, this isn’t always the case. In fact, you might have more luck finding cheaper costs on Dodge Ram 3500 insurance than you would on a Honda Civic.
There are a couple of reasons smaller vehicles usually have higher insurance rates. Many people may believe smaller cars are less prone to accidents, as they are better equipped to move quickly and more easily fit into tight spaces.
The truth is, smaller cars actually have a higher likelihood of being involved in an accident, causing their insurance costs to increase significantly. Drivers of compact vehicles tend to drive a little more recklessly due to their car’s size, leaving them more vulnerable to a collision.
Avoid Heavy Loads in Your Larger Vehicle
Having a big truck or SUV may make you the prime person to call when someone needs a heavy load moved. However, if you’re hoping to save some money, you may want to consider limiting your hefty hauling trips.
Several factors determine how much fuel efficiency you lose by hauling a heavy load. Wind speeds, road terrain, and the weight of the cargo itself can all play a factor in how much extra fuel you will need to use to get your load where it needs to be.
On average, you lose 2% of your fuel economy per 100 pounds you add to your vehicle. That weight quickly adds up when hauling and could rapidly drag your fuel efficiency down.
Though you may feel guilty saying no from time to time when someone asks you to haul a heavy load for them, it’s in your best interest if you’re hoping to save money. Frequent towing can quickly take your money-savings goals down.
Consider Your Vehicle’s Tires Carefully and Check Frequently
Tires can play a massive role in how much money you’re saving in your big vehicle. Though it’s common, especially in trucks, for owners to want large, knobby tires, they may be costing you a lot more than their initial sticker price.
Larger tires are heavier and have a higher rolling resistance. Both of these factors mean you will be spending more on fuel to get your vehicle moving. However, if you do most of your driving on the freeway, larger tires can increase your vehicle’s gas mileage.
It’s also essential to pay attention to the air pressure in your vehicle’s tires. When air pressure is low, you use more fuel to get your car moving because of increased resistance. You will get the best fuel efficiency when your tires are at their correct air pressure. Most professionals recommend checking air pressure a minimum of once per month.
Look Into Hybrid Options of Your Favorite Large Vehicle
Hybrid models are becoming more and more popular — so popular they have made their way into the truck and SUV models. If you are hoping for long-term savings without sacrificing size, a hybrid could be the perfect solution.
Not long ago, options were slim when it came to choosing a hybrid vehicle. Now, a quick Google search can show there are countless options available to meet almost anyone’s needs. Many people enjoy hybrid cars for their environmental impact. As we continue to make strides to help our planet, eco-friendly options like hybrids continue to grow in popularity.
On top of their positive impact on the environment, hybrids also come with a long list of financial benefits.
Hybrid Options Offer Better Fuel Efficiency
In a larger vehicle, gas mileage is a common cost concern. Trucks and SUVs usually get much lower fuel efficiency than smaller, more compact cars.
Hybrid vehicles can solve this fuel dilemma, as they run on both gas and electricity, allowing you to cut your fuel costs by a significant amount.
Hybrids Require Less Energy to Move
Larger vehicles are often associated with heavy weight due to their size. Hybrids, on the other hand, are typically made of lighter materials.
With less weight, less energy is used to accelerate your vehicle. This can lead to even more fuel savings for you.
Hybrids Need Less Maintenance
Because of their dual power source, hybrid vehicles will typically need less maintenance than trucks or SUVs running solely on gasoline.
The electric motor allows for less wear and tear on your engine, meaning you can spend less time worrying about routine maintenance and more time enjoying your vehicle.
Hybrids Can Offer You a Tax Break
Depending on the type of hybrid you opt for, you may be eligible for a tax break from your purchase. Plug-in hybrid model owners could receive a federal tax credit of up to $7,500.
A few factors determine how much of a tax credit you are eligible for, so be sure to do your research and speak with a professional to determine how much your hybrid could save you.
Driving Big Vehicles With Even Bigger Savings
Choosing a large truck or SUV doesn’t mean you have to spend an arm and a leg to drive. While it’s common to associate these vehicles with hefty expenses, there are many ways you can keep your finances in order without sacrificing your space.
Looking into different insurance options, avoiding heavy hauling, being aware of your tires, and considering hybrid options are all excellent ways to keep costs down on your big vehicle. Choosing any or all of these options can allow you to save money while keeping the car you love.
