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There are other ways to save money on car expenses. Let's look at the insurance payments.
If you've budgeted for possible out-of-pocket expenses in case of a car accident, you might want to consider increasing your insurance deductible to $500. This will lower the cost of your insurance.
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Do your homework when buying a car from an auction. Many vehicles that have been damaged by floods and hurricanes are going on the market. These won't last long - leaving you with a flood of bills. Be a little concerned if the carpet looks too new, and check carefully for signs of rust.
If you use your car for business, keep track of miles travelled so that you can use this for a tax deduction. Get more info at irs.gov.
When you consider all the ways you can save money on your current vehicle, you might be persuaded to put away the extra each month for a new car down the road!
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