When it comes to getting the most out of your gig, you may want to take a ‘Look’ at your ride.
Making sure you have the right car for your work and lifestyle is one way you can help keep your costs to a minimum.
Look at your current vehicle from an entirely economical perspective.
You never know, you may find out that the car you’re driving now suits your needs perfectly!
On the other hand, you may realize that you’re spinning your wheels on this whole money saving thing. If the cost of operating your car is too much, you might want to consider trading it in for a more affordable option.
Does your car use up more gasoline per mile than a military grade Humvee?
Or, perhaps your high-end luxury sedan requires premium gas products for top functionality.
Either way, you may want to consider replacing your current ride with a different set of wheels.
If you’re thinking of joining the growing population of gig workers, a reliable car is a must.
That’s why having a cost-efficient vehicle can help improve your chances for success!
Buying a New Car
I know. Buying a new car solely for your side hustle may not be your favorite choice. But, if your current vehicle is due for replacement, it may not be a bad idea.
Just make sure that any car you buy meets both your personal and work-related needs.
According to Entrepreneur, you should ask yourself a few simple questions:
- Does this vehicle have enough room for all my passengers?
- Do I spend most of my driving time on local side streets or bustling highways?
- Will I be comfortable in my car for long periods?
- What kind of weather am I likely to face while driving?
Make sure your vehicle can withstand the outdoor elements!
If the car you choose hits all your checkpoints, great!
Keep in mind that everyone’s needs and budgets are unique.
You may need a simple car without all the bells and whistles. However, another gig worker might prefer to drive a fully-equipped luxury vehicle.
Take a ‘Look’ at Your Budget
Before you go out car shopping, you should first take a long hard look at your budget.
Decide what you can afford so you’re not sinking all your side cash into a hefty monthly payment.
Got any financially savvy friends?
If so, you might want to get them to offer up some tips for getting the best deals.
Of course, any shrewd business professional may expect compensation for time and services. Or, at least ask you to buy them a meal while you're out on the prowl for a new car.
To Buy or Lease
Making the decision to buy or lease can be a bit tricky if you don’t know what to ‘Look’ for.
The key to making a good decision is to educate yourself. Learn at least a few significant differences between buying and leasing.
When you buy a car, you typically have to put in a bit more money upfront as a down payment.
In fact, your monthly payments may even be higher than they would be if you leased the same vehicle.
Benefits of buying may include:
- Possibility of taking advantage of low interest rates when available
- Complete ownership after payoff
- No penalties for exceeding pre-specified mileage limits
- Freedom to sell the vehicle whenever you see fit
Leasing is an entirely different process than buying. Leasing can save you quite a lot of money up front. However, it’s important to understand that you do not actually own the car once your lease is over.
Still, depending on your individual needs and budget, leasing may be a viable option.
Additional benefits of leasing may include:
- Ability to drive a more expensive car with less money out of pocket
- Ability to replace your car often
- Freedom to avoid the frustrations of trading in a vehicle
Pick Out Your Favorite Color, Make and Model!
Once you have decided on the type of car you need and the price point that best suits your budget, you’re ready to shop!
Do a quick online search to find out which dealerships in your area have the best prices and most selection. Then, visit a few dealerships so you can test drive each of your top picks and choose the car you like the most!
Once you’ve got the perfect ride, it’s time to jump right in and start working!
Especially as a Looker for WeGoLook, you’ll have plenty of opportunities to cruise around in your cost-efficient car.