car payment

Turn Your Car Payment Into a Savings Strategy

Posted on 03/5/2012 by |The Ultimate Cheapskate | Comments

Money & SavingsI noticed an interesting article from the Detroit Free Press about a trend that doesn’t bode well for the auto industry, but speaks to America’s new frugality. It also reminded me of an old cheapskate tip for building your savings or retirement accounts in relatively painless fashion. The article discussed new research by the Michigan-based firm R.L. Polk that shows that Americans who buy new cars are now keeping those cars for almost six years. Having never bought a new car …