5 Tips for Cheaper Driving

What's Hot


2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

Five tips to keep your car and budget running lean

(Money Talks News) — The Cash For Clunker or CARS program helped many American’s into the driver’s seat of a brand new, more gas-efficient car.

Screen shot 2009-10-14 at 6.22.52 AMOn August 24th, the program ended taking nearly 700,000 clunkers America’s roads.  Congress set aside $3 billion to run the program and as of 8pm on the deadline, $2.877 billion were submitted.

“This is the final curtain call for a program that took the entire nation by storm and succeeded beyond expectations,” said Secretary LaHood. “There can be no doubt that this program drummed up more business, for more people, in more places, at a time when our economy needed help the most” LaHood adds.

If you didn’t take advantage of the CARS program, you can still make the best of whatever you’re driving now by staying on the road to savings.

Here are five quick ways to get you started and keep you going.  The first tip may not be easy, but it is simple:

  1. Drive that car longer. Every month you keep that fully-paid-for ride saves the payments you’d be paying on a new car: if that’s $500 bucks a month, that’s six grand a year.
  2. When you do buy, buy used. Even a nearly new and warranteed “Certified Pre-owned” car will save you thousands over brand-new.
  3. Always buy what you can afford: total car expenses, including gas, insurance and maintenence… should be below 20% of your take-home pay.
  4. Reassess your insurance needs. Consumer Reports recommends dropping coverage if the annual auto insurance premiums are 10% or more of the book value of your car.
  5. Never buy your car accessories from the dealer. Go for the after-market car stereos, wheels and roof-racks at a local store.

Bottom line? There are tons of ways to save on cars. Make sure you’re using them all: obey the budget police and pull your spending over.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 10 Key Facts to Test Your Credit Card IQ

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 2,071 more deals!