New year, new you! But does that have to mean new everything? If you can swing it for a few years, you should continue to drive your car after your loan is paid off. People are tempted to jump into a new car loan right away, but you can save a ton by avoiding that urge.

Let’s say your car payment is $350, after just one year of sticking with your current set of wheels, you would have an extra $4200! That’s real money! You could also save a bit in other ways too–like an older car costs less to insure over time, so you’ll enjoy spending a bit less money there too!