Financial advice for maintaining a paid off vehicle.

Whether you paid off a bank note on a car or own a 2nd hand car that you maintain getting from point A-B, this is a great savings tip. Take average monthly car payment calculation based on current interest rates and car loan calculators for 5 year car notes for a brand new equivalent to what you drive, and put it into a savings account every month. Let it build until you have 65% of what it costs to buy a brand new equivalent to what you drive.

As that point credit has little relevance on buying a new car, and it's also enough to have professional mechanics do most major repairs and rebuild on a car if you are sentimental about it.