Remunerator News

Jul 2 2014

Save Fuel for your Novated Lease Car

With the new Federal Budget announced, motorists will feel the pinch as the fuel levy rises in line with inflation, as the price of petrol is expected to increase four to five cents a litre over the next five years, and that’s before the natural price rises – or fluctuations – that are likely to continue in line with changes to supply and demand or changes in the exchange rate.

And it’s not that we are not experiencing it yet. Drivers are currently paying record prices for a litre of unleaded, with average fuel costs rising from 90.4¢ to 147.9¢ a litre in the past 10 years.

So what are some ways to reduce your fuel costs for your Novated Lease?

Some may choose the most efficient vehicle , but that could mean significant price premiums or compromises – or both.

The cheapest cars may also lack fuel-saving technology that will make them less of a bargain in the long run.

Diesel cars and hybrid cars offer strong efficiency at a price, but then most brands charge a significant premium for hardware.

Here are some of our tips that could help reduce your fuel costs for your Novated Lease:

 

  • Accelerate gently

Avoid high revs. Automatic transmissions will shift up more quickly and smoothly if you ease back slightly on the accelerator once the car is moving. To maintain low revs in manual cars, you should change up through the gears as soon as the car is comfortable with the next higher gear. Don’t rev the car unnecessarily.

  • Flow smoothly with the traffic

Be aware of traffic conditions ahead. Driving a good distance from the car in front means you can see what is happening ahead and you don’t have to brake every time they do. As well as saving fuel, smoother driving is safer.

  • Avoid excessive speeds

Speeding is a major factor in fuel economy since high speeds result in high fuel consumption. Where it is safe to do so, cruising slightly below the speed limit will save you fuel. Traveling at 100km/h instead of 110km/h can reduce fuel consumption by 10%.

  • Keep your car well maintained

If your vehicle is running correctly, it will use less fuel and be more reliable. Have it serviced in accordance with the owner’s manual (usually every six months or 10,000km, whichever comes first) and regularly check oil, coolant and other fluid levels. Keep a record of your fuel consumption as increasing fuel consumption can also be a sign of a problem.

Keep tyres properly inflated

Tyres lose pressure over time (about 1 psi per month) due to temperature and other factors. Tyres with lower pressure will have more rolling resistance resulting in increased fuel consumption. Inflate your vehicle’s tyres to the higher end of the manufacturer’s recommended range of tyre pressures and make sure your wheels are properly aligned. Looking after your tyres will not only reduce your fuel consumption it will also extend tyre life and improve handling.

  • Minimise wind resistance

Remove roof racks and other attachments when they are not being used. Additional parts on the exterior of a vehicle such as roof racks or sun visors, or having the window open when traveling at higher speeds, increases wind resistance and fuel consumption.

  • Remove unnecessary weight from the car

Clean out your boot and remove any unnecessary items. The more weight a vehicle carries the more fuel it uses, particularly in urban driving.