(833) 839-2274  157 N State Road 7, Plantation, FL 33317

BlogBlogHow To Lower Transportation Expenses

How To Lower Transportation Expenses

Car ExpensesOwning a car is convenient – and sometimes downright necessary – but the expenses related to car ownership can be a major challenge for many people. When money is tight, there are steps you can take to reduce how much you pour into the transportation part of your budget.

For starters, make sure to take excellent care of your car. Unexpected repairs can do a number on your budget, and can sometimes be prohibitively expensive, leaving you without a vehicle. Make sure yours lasts as long as possible by keeping up with maintenance tasks and following the manufacturer’s suggestions as closely as possible. Use the proper type of fuel (if the manual says to use regular, there is no need to use premium, so skip the unnecessary expense).

You should also keep your tires inflated properly. This can help you prevent an accident and optimize your gas mileage. Replace your air filter regularly; a dirty filter also reduces fuel efficiency. Another way to improve gas mileage is by driving gently; aggressive accelerations burn more gas. Finally, remember to keep your trunk cleaned out – extra weight from the artificial Christmas tree you got on clearance last year or the 50-pound bag of dog food you picked up two weeks ago can cost you fuel efficiency.

Know the gas prices in your area to make sure you are getting the best deal on gas. Of course, the best way to save money on gas is not to use any at all. Try public transportation or carpooling.

Assess Your Car Insurance

If you have had the same insurance provider for years without giving the competition a second thought, think again. Rates vary widely; shop around to make sure you are getting the best deal. If you have been paying for collision insurance that isn’t required by law, drop it. While you’re at it, raise your deductible – this can save you a significant amount on your premium. Do make sure you have enough emergency cash on hand to cover your deductible should something happen. If that isn’t possible, a title loan company like Embassy Loans can always provide quick funds to help you out.

Minimize Transportation Costs on Vacation

Driving is usually much less expensive than flying, and can be more fun. Stock up on ideas for entertaining the kids, and hit the road. It’s best to avoid renting a car unless you absolutely have to, as car rentals tend to be pricey. Adventurous souls may enjoy bus tours. These can be quite fun and relatively inexpensive. Plus, this is a highly environmentally friendly way to travel. Incidentally, a vehicle title loan is a great way to come up with that vacation money.

Finally, don’t forget the most obvious way to save money on transportation (when practical): lace up your tennis shoes and start walking. Transportation expenses are a necessary evil, but by making smart choices, these expenses can be minimized, freeing up money for other bills or pursuits. Your car will be your collateral if you ever need to take out a title loan, so keep it in top-notch shape.



Embassy Loans is a leading provider of auto title loans since 2005

Get In Touch

Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

Monthly Interest Rates range from 1.5% to 2.5% (18% to 30% APR), with 15-18 Month Terms.

No Prepayment Penalties!

Embassy Loans uses “Title Loans” for advertisement purposes only and provides auto equity loans. Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

© 2024 · Embassy Loans · Site built by DMA

Frequently Asked Questions

What is an Auto Equity Loan?

An auto equity loan, sometimes known as a car title loan or a car equity loan, is a type of loan that allows you to borrow money by using your vehicle as collateral. The loan is secured by your vehicle, meaning you agree to use the equity in your car to back the loan. 

What is an Unsecured Personal Loan

An unsecured personal loan is a loan that does not require collateral. Funds are provided based on your credit worthiness and your ability to repay. 

What Is the Credit Builder Program

The credit builder program is designed to help individuals establish or improve their credit score with the primary purpose of building a positive credit history through regular payments.

Can i have more than one Loan at a time?

Embassy Loans can only extend one loan at a time and it’s advisable to start with one and focus on making payments in a timely manner to prevent default.

What happens if I miss a payment?

Missing a payment can have negative consequences, including late fees, a drop in your credit score, and potential default on the loan. Consistent, on-time payments are crucial to benefit from the program.