The physical donation experience doesn't actually take very long. Once you decide who's getting the auto, you'll need to fill out any required forms and send them in via the company's preferred method. You'll then be contacted by the charity or the transportation service and will be able to arrange a convenient time for you to have your vehicle picked up.

If you’re the type of person who’s happy to hold onto a car or truck for years and years, adjust the terms of your loan accordingly. The longer the term of your loan, the less your monthly payment will likely be. Be careful, though, you could end up upside down on your loan – owing more on the vehicle than it is actually worth.

Beyond car payments, what will eat up your automotive budget? A car’s sticker price only says so much about what a vehicle will cost over the first four years of its life. Other factors, which you may not have considered, can also make up a sizable chunk of your budget if you're not careful.

Missing your vehicle can keep you from getting to work, making doctor appointments or keeping important family obligations. Fortunately, repossessing your car is usually the last resort for most lenders. DriverSide has a few quick tips to help keep you driving when your finances get tight.