<prompt> Human: By the time you pay off the car, youve budgeted the car payment into your finances. Make it a direct transfer so that you dont give yourself the option to skip a payment. My car has been paid off for 3 years and I have saved over 12,000 almost effortlessly by using this method. EDIT: This seems to be striking a nerve for many. This post was written with the intention of helping those who wouldnt invest the difference with a longer loan. It was meant to offer a simplified idea for saving that worked for me to work for others. As with everything, there are always better ways to save and invest. This was just the one that helped me out. With that said, Ive learned a lot by your comments, so thanks for posting!  <response>: my dads advice would be to take the biggest loan you can get then default on it. 