Strap yourselves in wannabe petrol heads. With the help of money saving expert, Martin Lewis, Book Theory Test Today is hitting the road with 50 top tips that will cut your motoring costs. Tune in each & every week for a new tip and remember to share with friends and family and slash the cost of motoring.
This week weâ€™re looking at earning cash back on petrol spend. Did you know? Thereâ€™s a really ingenious way to save cash every time you refuel.
Cut the Cost of Motoring Tip #4 â€“ Earn Cashback from Refuelling
Book Theory Test Today says: â€œDriving lessons, passing your theory test and practical exam are all costly, but once youâ€™ve got them out of the way one of the biggest expenditures motorists face is refuelling, regardless of whether youâ€™re paying by cash or by card. However, we have a trick up our sleeve to help you reduce this particular cost of motoring.â€
Introducing Cashback cards, which pay a percentage every time you spend on them. This soon adds up, helping you to reduce the cost of motoring. Cashback cards are especially useful for young drivers who face huge expense across all other areas of driving.
Martin Lewis demonstrates how a Cashback card can help to slash the cost of motoring for you:
â€œThe Santander 123 card for example pays 3% on petrol (max cashback on fuel Â£9 per month). Should you spend Â£50 on fuel per week, you stand to make Â£80 over 12 months.â€
However, you do have to pay a Â£24 annual fee, which youâ€™ll need to repay in full every month to prevent paying 12.7% interest on spending. Combined, this amounts to 16.5% APR.
There are also some other ways you can make your petrol go further and cut the cost of motoring even more.
- Keep your tyres inflated â€“ Low tyre pressures equals more drag on the car, meaning you require more fuel. Always check your tyre pressure is correct if you find yourself consuming fuel quicker than normal.
- Declutter your car â€“ The heavier your car, the less fuel efficient it is. Why? Weight means more acceleration, which means greater fuel consumption. Get rid of unnecessary junk in your vehicle.
- Remove the roof rack â€“ Again, excess weight equals more fuel consumption. Donâ€™t be lazy and leave it on, unless you enjoy paying fuel prices.
- Turn the air con off â€“ Not many people know that air con consumes their fuel, but it does. Turning it off can increase fuel efficiency by up to 8%.
- Donâ€™t fill up the tank â€“ Sounds bizarre, yes. However, itâ€™s the weight thing again. Filling your tank up makes your car heavier and that first couple of litres of fuel is quickly consumed to compensate for the weight. Itâ€™s actually better to fuel up more often with less than filling the tank once a month.
Book Theory Test Today offers an intermediary service assisting clients with booking a UK theory test, or practical test, at test centres across the nation. The service also supplies resources to help you prepare for your theory test â€“ Ready to take your theory test? Book your theory test online today…