Top 10 Money-Saving Ideas for Car Owners

edmunds.com

on't laugh at the guy driving the 15-year-old beater: He might be on his way to becoming a millionaire. Many with modest incomes get rich solely by spending less than they earn and investing the proceeds wisely — call them cheapskate millionaires. Car owners can learn a lot from these modern-day Scrooges. They can lower car insurance costs, reduce — or eliminate — car payments and save money in a number of other ways. While cheapskates put the savings into boring things like Roth IRAs, car enthusiasts who employ these techniques may choose to invest in, say, a '92 Viper.