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The best way for a person to make sure they have enough money for a new car is simple. When you pay off your current car, keep putting away money monthly as if you were still making payments on it. This way when your current car has an issue, which it will, you will have enough money to buy a new, more reliable car.

Take care of you present car, ie. use synthetic, use car polish and keep upholstery clean; you car will not be depreciated as much - for trade in value, if it is well taken care of.

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Q: How do you save for a new car?
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