Keeping your current car cruising

The longer you keep a car after the loan is paid off, the more value you get out of it. And with improved reliability, rust protection, and powertrain technology, many of today's vehicles can last for 200,000 miles or more with few, if any, major repairs. Here's how to cut your driving costs and make your car last as long as possible:

Go by the book

The most important thing in keeping a car performing properly is to follow the maintenance schedule in the vehicle owner's manual. It tells you how often to change fluids, when to rotate tires, and when to check and replace parts such as filters, belts, and hoses.

Take care of problems as they come up

Don't wait until a small problem becomes a big one. A small oil leak, for example, might be something as simple as a loose fitting. But if it turns into a big leak, it could cost you thousands of dollars for a new engine.

Inspect your car, tires, and under the hood once a month

Check the level and condition of all fluids, including coolant, brake fluid, and power-steering fluid. If your transmission fluid smells burnt when you pull out the dipstick, or it feels gritty between your fingers, that could be a sign of internal damage. Look for evidence of leaks, cracked or frayed belts, and cracks or bulges in hoses. Check the condition of your tires and the air pressure in them. Cracks, cuts, or bulges in the sidewalls are signs they need replacing. If they're wearing unevenly, it could be a sign of incorrect pressure or poor alignment.

Don't skimp on replacement parts and fluids

Use only parts and fluids meeting manufacturer specifications. Cheap and no-name belts and hoses might not wear as well as name-brand products.