New number plates: 7 ways to save money on your car costs in 2022

Here's how to save money on your car

Whether you're sporting a brand new motor or behind the wheel of your trusty used car, driving costs money.

With new cars being registered with a 22-plate from March 1, this month is the perfect time to think about saving cash on your motoring outgoings.

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The new plate will apply to all new vehicles registered until August 31, 2022.

Whether you're collecting the keys to a new set of wheels - or just running an old reliable - here are some ways to help soften the impact on your bank balance.

Wessex Fleet have looked at how drivers could potentially save cash and drawn up a list of tips to reduce the money spent on your car.

7 tips to save money on your car

1 Tweaking your job title on your insurance

Insurance companies assess a wide range of factors when calculating how much your insurance will cost – this includes what your job title is and how much risk is associated with it.

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MoneySavingExpert founder Martin Lewis gave tips on how to shave money off your car insurance by tweaking your job title.

It should still accurately describe what you do, but for example, one user saved £100 by using "software" rather than "computer games".

Have a play around with titles in the remit of what you do to see what you could save.

2 Lease a car rather than buying one outright

Leasing with car finance can be a great way to rent one with lower monthly payments for a set period of time – and then if at the end of the agreement you decide you want to keep it, you can.

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