Low Prices at the Pump Free Up Funds for Investing in Your Vehicle

January 20, 2016

History tells us that the currently low fuel prices will eventually go up. Be prepared: use the savings you are seeing now toward preventive maintenance to increase your vehicle’s fuel efficiency for the future.

When gas prices drop, motorists should take advantage of their savings at the pump and invest it back into their vehicles. By spending a little on preventative maintenance, drivers can save a lot in the long run, according to the Car Care Council.

“When gas prices are lower, it is the perfect time to invest that savings into preventative maintenance and repairs to extend the life of the vehicle,” said Rich White, executive director of the Car Care Council. “We saw motorists taking better care of their cars to combat high fuel prices. When there is a drop in gas prices, an investment to keep a vehicle in safe working order makes financial sense, adding years of reliable life and saving the cost of new car payments and higher insurance rates.”

According to White, consumers should not get complacent about lower oil and gas prices. It is the opportune time to invest any short-term gas-pump savings into a long-term vehicle investment.