project this : You ’re buying a new car . You ’ve found the model you want with the pure color combination and it ’s in the right price range . You ’ve made your down payment , cautiously examined your funding choice , and evaluated what your budget will be like with a new auto payment and perhaps a change in insurance cost , too .
But have you see in the price of upkeep for your new automobile ? We all know that it can be expensive to keep a car in right working order , but we do n’t always include that in our financial program . Consumer Reports estimates that over five years , 4 percent of the total cost of your fomite will be spent on reparation and maintenance . That does n’t fathom like much . That is , until you have to give for something big like a winded transmission , for object lesson [ origin : Consumer Reports ] .
According to one recent bailiwick , the average American household spend $ 5,477 on gas and self-propelled expenses last year . $ 2,208 was for gasoline , but the repose – a whopping $ 3,269 – was for disbursal like dealership care , service station fixes and body workshop repair . That come out to $ 272 a month , which is almost like a second machine defrayal [ source : Paskin ] .
Hopefully you ’re not pay $ 272 each month in sustainment . That figure is an average , which includes cars of all unlike makes and theoretical account years . How much you pay in the long run in spades calculate on what you choose to purchase . Buy a stain - raw Honda Accord or Chevrolet Impala , and your repair cost will likely be lower than if you invest in a 1960s British sports car or something like . retrieve , buying a brand name new automobile means that a warranty will cover the cost of many repairs betimes on .
With the body politic is experiencing an economic downturn , the great unwashed are keeping their car longer and defend them better than they may have in the recent past . Modern cars are also being built a lot more reliable than ever before , so it ’s not an uncommon exploit for a new fomite to go beyond 100,000 miles ( 160,934 kilometer ) . But unremarkable upkeep can be dear – even when it ’s propagate out over a few age . In fact , owner of many raw hand truck and sedans can expect to pay between $ 1,500 and $ 3,000 as they perform scheduled maintenance on their way to reaching the six - figure mileage grade [ beginning : Helperin ] .
If you take care of your vehicle , you ’ll prevent more serious ( and more expensive ) trouble down the road . Everything from oil changes to brake pads and tyre rotation could save you G of buck down the ancestry , so be sure to look up your owner ’s manual frequently to see what ’s next on your gondola ’s maintenance schedule .
For more information about the cost of car possession , follow the links on the next varlet .
