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Ways To Save Money On Present Car To Buy Next Car

Updated on January 14, 2011

There are several personal finance gurus and experts who will tell you ways on saving money for your first car or how to buy your first car acquiring an auto loan, but today I will share with you a few unique ways to save money on your present car to buy next car without any need of financing a car. But one thing you have to remember is once you start saving money utilizing my advice, you should give it a purpose and set a goal:

Learn to wash your car on your own

Stop Hiring A Car Washer

The number one way to save money for your next car change is to fire your present car washer cleaning your car on a daily basis and start washing your car on your own. You will also feel satisfied when you will do this on your own. Also, once you will stop paying 25 to 30 dollars on a monthly basis to the car washer, make a plan to start saving that money, not in a piggy bank but in your car fund, which is not easily accessible at home. Let’s assume you saved 30 dollars every month. It looks so less right now but in a year it comes to 360 dollars.

Become Smart - Learn Car Oil Change

Stop Paying For Car Oil Change

There are many people in the world who don’t have a habit of doing regular oil changes on their own. They just send their car to a nearby service station and get all the services done every 3000 to 4000 miles or every three months whichever comes first. If you will start changing your car’s engine oil, brake fluid, and other small things related with car engine maintenance, you will save a lot of money. Changing oil on your own requires very less effort. Also, you will be sure about what quality and quantity of oil or fluid has been replaced. Let’s assume you pay 50 dollars every quarter for an oil change. Now all that money is yours to save. The money comes to around 200 dollars per year. Start putting it again in your car fund.

Learn how to properly use a clutch.

Make Less Use Of Clutch

While driving, some people are in a habit of continuously putting undue pressure on car clutch while taking turns to slow down. On the worse side, some people are in a habit of unnecessarily putting their foot on the clutch pedal when there are no turns, i.e., they drive always putting their foot on the clutch. If you are one of those, then I would recommend stop doing this, as putting unnecessary pressure on clutch pedal while driving or idling consumes more gas and there is also constant wear and breakdown of clutch plate mechanism requiring early clutch plate replacement. Now, google for ‘clutch plate replacement cost” for your car and you will know what I am saying. Take my advice and stop doing this. Once you will do this, in a month’s time, you will start saving money on gas and also unnecessary replacement of clutch plate. Let’s assume by doing this, you were able to save 50 dollars on a monthly basis. In a year’s time, it comes to around 600 dollars.

Avoid long car rides every weekend
Avoid long car rides every weekend | Source

Cut Off Long Rides On Weekends

If you are in a habit of going for long rides every Sunday, cut it by half, i.e., twice a month. In this way, you will save money not only on gas but also on other things like food you might have purchased on your way to the weekend getaway. Let’s assume you saved another 50 dollars every month, 600 dollars for a year.

Now if you will do a total of above savings, it comes to around 1700 dollars per year and these were only a few ways of saving money on your present car to purchase your next car. There are several other things that you can do like taking your car on your own for wheel alignment, car tire change, car accessory installation, etc. These small things done on your own save you a lot of money in the long term and if you start applying these ways to your present car and start putting money in your car fund, the day will not be away when you will be able to purchase your next car without taking an auto loan.


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    • soni2006 profile image

      Rajinder Soni 6 years ago from New Delhi, India

      Yes ftclick, you are right. Thanks for the comment.

    • ftclick profile image

      ftclick 7 years ago

      those long rides on weekends can become pricey with gas costs going up.

    • soni2006 profile image

      Rajinder Soni 7 years ago from New Delhi, India

      Thanks Jobister.

      @Simone, I know of several people who hire a person to clean and wash their car on a daily basis. You don't do it that is a plus point. Good job.

    • Simone Smith profile image

      Simone Haruko Smith 7 years ago from San Francisco

      These are excellent tips - I don't think I'd ever think to have someone wash my car for me, but I bet that can really add up!

    • jobister profile image

      jobister 7 years ago from Anaheim, California

      Good hub Soni

    • soni2006 profile image

      Rajinder Soni 7 years ago from New Delhi, India

      Okay Sameer. I will do that. Thanks for stopping by.

    • sameerk profile image

      sameerk 7 years ago from India

      ur hub is really very good and informative . read my love poems too