(March 2, 2009) – If you trade cars frequently, you are leaving money on the table.   Frank Highland, a former sports writer for the Atlanta newspapers, took things to the extreme, but his idea was sound.  Frank would go down to southwest Atlanta’s Stewart Avenue where the cheap used car lots did business.  He would buy the cheapest running  car he could find.

He would drive the car, spending nothing on repairs, until the car stopped running.  He would then pull over to the curb and abandon the car. He’d go and buy another.  He saved lots of money over making car payments.

You, on the other hand, have a decent car that’s only a bit old.  Keep driving it as long as it’s safe.  Look at your monthly repair bills and compare them to what payments on another car would be.  You’ll often find you will save a lot by getting repairs made.