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9 Ways To Cut Transportation Costs

Transportation is part of everyday life, from kids getting to school or adults commuting to work on planes, trains and automobiles. In larger city hubs especially, it’s common for people from suburban neighbourhoods to spend a lot of money to come into the city, whether it’s through paying for gas or costly train fees.

Simply put, spending on transportation is inevitable, but there are several ways you can cut down on its associated costs!

We’ve outlined 8 ways to save on transportation:

Public Transportation

Public transit has gained a reputation for being notoriously late or time consuming. While every public transit system can have its faults, it’s still an extremely cost-effective method to get from point A to point B.

Here in Toronto, there are multiple means of public transport, including the TTC (busses, streetcars and subways) as well as Go Trains and Busses. Additionally, many cities surrounding Toronto offer their own public transit system that enable inter-city travelling.

When planning your routes, there are a few things to consider. First, try to select a route with minimal stops. Reducing your stops can save considerable transition time (waiting at stops), and reduce your overall commute time. Plus, the longer you’re on your ride, the longer you can spend to be productive rather than constantly being on-the-go. With some transportation methods like subways and trains, you can save significant time by avoiding peak morning traffic!

Secondly, we highly recommend doing a cost analysis of all the passes or ticket systems your local transportation system offers. You’ll be surprised on just how much you can save from switching from a monthly pass to a weekly pass or yearly pass! Many transportation services offer discounts in a percentage-off form if you commit to a yearly pass. For those who commute regularly for work, it could save you hundreds of dollars every year!

Finally, on top of saving on time and money, you’ll be reducing your environmental footprint! Public transportation is a great way to reduce gas usage and emissions that affect the quality of our air.

Person driving car after getting approved for a hamilton bad credit car loan

Maintain Your Vehicle

This tip is fairly simple. If you’ve already invested in your own car, maintain it regularly with oil changes, seasonal tires, air filters, radiator cleanings, battery checks and more car maintenance practices. This can not only keep you safe on the road, but it can prolong your car’s life and provide a more-than-fair resale value.

Carefully Select your Car Loan Provider

After weighing all of your options, if you’ve opted to own a car through a hamilton bad credit car loan, we highly recommend researching your options.

Many car loan providers can take advantage of their clients and charge incredibly high interest rates, especially if your credit score is in the poor range or even lower. These interests can accumulate over time and lead to unnecessarily large sums of money paid–but it doesn’t have to be that way!

Before you meet with a potential loan provider, try to evaluate how much of a down payment you’re able to put down, how much of a monthly payment you’ll be able to make and how long you want your loan term to be. If you have a car in mind, you can factor in potential resale value as well as depreciation. A standard rule of thumb is to never take on a loan that outlasts the value of your car. For example, taking on a 10 year long doesn’t make sense financially–near the 8 year mark you’ll have paid more than the car is actually worth!

Here at Hamilton Bad Credit Car Loans, our top priority is our clients. We’ll work with you through every step of your car loan process, from your application right until you receive your new set of wheels.

Our dedicated team members will help you assess your personal and financial needs and come up with a plan that’s catered to you. Our organization believes that everyone should get the lowest interest rates possible despite their credit levels. As a result, we’ll negotiate tirelessly with Canada’s top banks to ensure you receive the lowest possible rates and ultimately, save in the long-term.

Walk Or Bike

Whenever it’s possible, why not cut out paid transportation entirely and simply walk or bike? It’s a great way to get some exercise and fresh air in, plus it can keep a few bucks in your pocket. Instead of taking an Uber or the Subway, walking or biking for a few blocks can sometimes take just as much time and you can avoid the additional expense.

Although investing in a bike is an additional cost, it can certainly save quite a bit on transportation in the long run. Biking is especially great for those living downtown. You can avoid public transportation costs and traffic, and get around quickly and efficiently!

If you’re shopping around for a bike, you don’t always have to buy new. Now, there are several money-saving methods to get a high quality bike. You could find your dream bike with digital marketplaces like kijiji, Facebook Marketplace and Bunz. That way, you can save even further on your bike and transportation costs.

Car Sharing

Typically, those who own cars are people that need to drive daily–but what about those who don’t? Many people living in walkable areas, like in the heart of a city, don’t necessarily need to drive every day but they may need a car to get out of town every once in a while.

Although there is the option of taking public transit, that could take quite a bit of time. Ubers and other ride sharing options could work, but they can get extremely pricey, especially for longer drives outside of the city.

Car sharing is an excellent option for day trips or running errands. Car sharing is cheaper than renting, and you can even pay by the hour. Many car sharing services include fuel, insurance, free parking, and if users do need to add gas, they will be reimbursed in minutes. Memberships vary between services, but Car2Go offers an initial fee of $35 with no annual fee.

Ride Sharing

Ride sharing apps like Uber and Lyft have surged in popularity in recent years. The ride sharing system is similar to taking a taxi, except the ride is arranged for digitally and you pay for the cost up front rather than on a per-mile basis. Uber charges per minute, and only when speed is below 11 miles per hour. As a result, it’s almost always cheaper than taking a taxi.

When it comes to ridesharing, there is flexibility in how you ride– it could be in a pool, express pool or in a vehicle exclusive to you. The option you select affects the price you pay and your estimated time of arrival, but it’s inevitably a great way to save on your transportation, especially if you’re travelling in groups!

Use The Carpool Lane

Traveling in the carpool lane offers multiple benefits. First, by piling more people into once car, other cars don’t have to drive on the road and individuals can save on gas. Lowering the number of cars on major highways is an environmentally friendly practice. In the case that four people share one car, three cars will be off the road!

Secondly, carpool lanes in most cities tend to move much quicker than other lanes, so you can save even more by reducing your driving time (and therefore gas), rather than sitting idle in traffic. If you carpool with coworkers, you could even save on parking by splitting it evenly!

Work Remotely

One of the best ways to cut on transportation, is to cut out transportation entirely! If you’re currently working in an office environment 5 or more days a week, try working from home more often! Not only can it cut your transportation costs, but it can save your company some money as well. According to a study conducted by, a business could save $11,000 per person yearly if those who were able to, could spend half of their working hours at home.

Optimize Your Flights

Flights can get extremely expensive, depending on how far out you’re booking or flight and where you’re flying to. One great way to save on flights is to optimize connecting flights. Flights tend to be cheaper when there are multiple cities connected, plus you can see more places!

Another tip to reduce your airfare is by checking out multiple routes rather than direct flights. We know that direct flights are shorter and more convenient, but multiple route flights can save hundred of dollars. Assess your options and priorities, and if you’re able to add an hour or two of travel time on your flights, why not do it?

Many flights with one stop are significantly cheaper than direct flights. If you’re travelling with a large family or in a group, it could greatly reduce the overall travel costs! Furthermore, if you want to have maximum savings on your flights, try flying on a dMonday or Tuesday. These two days tend to be the cheapest due to the demand for flights on weekends. According to Tom Spagnola, the senior Vice President of CheapOair, “Mondays and Tuesdays will typically return the lowest fares on the over 450 airlines that CheapOair partners with, and it can be played around with to ensure you’re getting the best possible deal.

We hope these tips help save a couple of bucks, reduce your commute and environmental footprints. Which tips surprised you the most? Let us know in the comments!

If you’re on the hunt for a car loan provider in Hamilton, contact us today.

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