Bangalore:Buying a basic model or a top end car could be an individual's preference. You might be good at maintaining and servicing your car on time. But still we end up paying a lot of money on the car for obvious reasons. The cost of a car is a lot more than the sum of its payments. It's the fuel, repairs, insurance and parking. It's the lost opportunity to do other things with your money as well. Here are the five good reasons to save money on your car. From The Start If you want to go for EMI options make sure you are aware of all the terms and conditions of the banks. The interest rates in banks for auto loans are quite high. So pay your EMI on time to avoid paying the late fee charges. And make sure you're not paying more than 20 percent from your monthly income. If it is your first car contact your local motor-vehicles department to see what registration and car driving licensing would cost you.