Six tips to reduce your monthly parking fee

As we try to improve the state of our finances, reducing monthly expenses is challenging. Our car's monthly parking fee is one unexpected area where we can find savings opportunities.

1. Compare parking options

Research different parking structures, some closer and some further away. You may find cheaper options a little further from your office or home. Compare prices, locations, services included, business hours, and whether you need to leave keys or if you can keep them and leave the car locked. You may find some options with discounts to save even more.

2. Find parking on SpotMe

SpotMe is the first rental storage marketplace in Mexico. It's a platform for renting parking spaces, small storage units, or any space that could work as storage. On SpotMe, you'll find accessible spaces at low costs near your home or work. Hosts are people from your community who have unused spaces available for you to rent. Become a Renter today and start saving.

3. Opt for outdoor parking

A cheaper option is to use outdoor spaces instead of parking structures. Ensure it's a secure location to leave your car safely. Consider that in some places, unofficial attendants will charge you to park and take care of your vehicle. 

4. Split the parking fee

Divide and conquer. Consider splitting the monthly parking fee with friends, family members, colleagues, or other acquaintances who also need parking. By splitting the costs, the amount each person needs to pay is lower, and you can find better-quality parking for your vehicles. The downside is that you must coordinate with the person you're splitting it with to use it on different days and times.

5. Negotiate with the vendor

In some cases, parking vendors may be willing to negotiate a better price, offer temporary discounts, or make other arrangements for you. Don't hesitate to talk to them and make it happen. 

6. Review your parking needs

If you don't use your car daily, you may find more flexible parking lots allowing you to use them only on certain days or hours.

With these six tips, you can lower your car's monthly parking fee and give yourself a significant financial break. With some research and planning, you'll be on your way to savings that will positively impact your finances.