Average cost of car maintenance Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make better financial decisions by providing you with interactive financial calculators and tools, publishing original and objective content, by enabling you to conduct your own research and compare data for free – so that you can make financial decisions with confidence. Bankrate has agreements with issuers such as, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make money The products that are advertised on this website are provided by companies that pay us. This compensation may impact how and where products appear on this website, for example for instance, the order in which they appear within the listing categories in the event that they are not permitted by law for our mortgage or home equity, and also other home loan products. But this compensation does not influence the information we provide, or the reviews that you read on this site. We do not include the entire universe of businesses or financial deals that could be open to you. Getty Images/sturti
5 min read published 12 October 2022
Written by Rebecca Betterton Written by Auto Loans Reporter Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers in navigating the ins and outs of securely taking out loans to buy a car. Written by Rhys Subitch Edited by Auto loans editor Rhys has been writing and editing for Bankrate since late 2021. They are dedicated to helping readers gain the confidence to control their finances by providing clear, well-researched information that breaks down otherwise complex topics into manageable bites. The Bankrate guarantee
More details
At Bankrate we strive to help you make better financial choices. While we adhere to strict ethical standards ,
This post could contain some references to products offered by our partners. Here’s how we earn money . The Bankrate promise
Founded in 1976, Bankrate has a long track experience of helping customers make informed financial decisions.
We’ve earned this name for over four decades by simplifying the process of financial decision-making
process, and giving people confidence about the actions they should follow next. Bankrate follows a strict ,
You can rest assured you can trust us to put your needs first. All of our content is authored by and edited by
We make sure that everything we publish ensures that everything we publish is accurate, objective and reliable. The loans reporter and editor concentrate on the areas that consumers are concerned about the most — the different types of lending options, the best rates, the most reliable lenders, ways to pay off debt and many more. This means you’re able to be confident about investing your money. Editorial integrity
Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors, reporters and editors produce honest and reliable content that will aid you in making the best financial choices. Key Principles We value your trust. Our goal is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure this occurs. Our editors and reporters rigorously verify the truthfulness of content in order to make sure that the information you’re reading is accurate. We keep a barrier between advertisers as well as our editorial staff. The editorial team of Editorial Independence Bankrate does not receive any direct payment through our sponsors. Editorial Independence Bankrate’s editorial staff writes in the name of YOU the reader. Our aim is to provide you the best advice to assist you in making smart personal finance decisions. We adhere to rigorous guidelines that ensure our content is not in any way influenced by advertising. Our editorial team is not paid direct compensation from advertisers, and all of our content is fact-checked to ensure accuracy. So when you read an article or reviewing you can be sure that you’re getting reliable and reliable information. How we earn money
There are money-related questions. Bankrate can help. Our experts have been helping you manage your money for over four decades. We continually strive to provide consumers with the expert advice and tools required to make it through life’s financial journey. Bankrate adheres to strict standards , so you can trust that our content is truthful and reliable. Our award-winning editors and reporters produce honest and reliable content to help you make the right financial choices. The content created by our editorial staff is objective, factual, and not influenced from our advertising. We’re transparent regarding how we’re able to bring quality information, competitive rates and helpful tools to you , by describing how we earn money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for placement of sponsored products and services, or when you click on certain links posted on our website. So, this compensation can impact how, where and when products appear in listing categories and categories, unless it is prohibited by law. We also offer mortgage home equity, mortgage and other home loan products. Other factors, like our own rules for our website and whether a product is available within the area you reside in or is within your self-selected credit score range could also affect how and where products appear on this site. While we strive to provide the most diverse selection of products, Bankrate does not include specific information on each credit or financial product or service. The cost of owning a vehicle can add up. When it is time to purchase your next car take into consideration the trips to the mechanic included. While getting your oil changed and tires replaced can be costly, AAA found that drivers spent an average of $9,666 toward their cars in 2021. This represents a rise of $279 from the previous year and as costs rise the cost of a car increases, it’s essential to be prepared for the costs of a vehicle in order to determine which vehicle is right for you. Car maintenance basics average price to run a new car in 2021 was $96,666. average motorist spends $1,771 a year for full coverage. License Registration, taxes on vehicles and the like cost $699 annually. Drivers of newer vehicles should be able to change their oil every 5,000 to 7,500 miles 1 out of 3 drivers cannot afford unexpected vehicle repairs 7.9 percent of drivers delay their car’s routine maintenance regular maintenance helps keep your car running the way it should, and consequently, keeps your passengers and you safe. Maintenance costs vary by car type, age and the location you live in, but there are a few basic requirements that nearly every vehicle needs. Typically, your vehicle will need a visit to the mechanic for maintenance every 5,000 miles or so. But check your owner’s manual for more specifics about your car’s requirements. While mechanics are here to help you, they’re also aiming to make money. So while most maintenance does require professional help, consider the tasks you can do at home and save money. Maintenance
Frequency
Expected cost
Oil change
Every 5,000 to 7,500 miles
From $35 to $75
Basic inspection
Every 5,000 miles
$150-$250
Tire rotation
Every 5,000-8,000 miles
From $24 to $100
Wiper replacement
Every six months
Between $10 and $45
Brake pad replacement
Every 10,000-20,000 miles
From $115 to $300 to replace parts You’ll probably have to replace some parts on your vehicle, either due to general wear-and-tear or more serious problems. No matter your reason for replacing them, price for replacement depends on the part that needs replacing. Two main factors that impact price are the vehicle model — luxury vehicles carrying higher costs for parts — and the market cost. Consumers are also directly impacted by an increase in cost from and the availability of parts for vehicles. mechanics usually do not have spare batteries, transmissions or brakes on hand and instead have to purchase them. The shortages have impacted repair times and there are lengthy waiting times for parts. The news reports from across the nation continue to mention delays in shipments of parts, and Cars.com reports continued inventory shortages at dealerships and mechanics. Unfortunately, you should prepare for higher-than-normal replacement costs because of an increase in the price of car parts. As supply chain issues have created fewer available cars, parts have been on the decline as well. Parts for vehicles
Frequency
Expected cost
New tires
Every six years or 25,000 to 80,000 miles
From $45 to $250 per day.
Air filter replacement (engine and cabin)
Every 15,000 to 30,000
From $35 to $80
Brake pad replacement
Every 10,000-20,000 miles
From $115 to $370, common delay reports have surfaced in brake pads and batteries, as well as filters, and some tires. With less parts on the market you can expect to pay more -starting in 2021 According to Michael Chung, market intelligence director at the Auto Care Association. The inflation rate has also been an issue — in conjunction with the delays, price of vehicle parts has also increased. The unexpected repair costs will surely arise when you own a vehicle. This could be an unexpected accident that damages an interior area of the car or something more serious such as an . In any case, it’s essential to have extra cash to be prepared in the event that unexpected repairs pop up. AAA discovered that the majority of households could not afford to cover the bill to cover an unplanned repair. Although these expenses are usually out of your control, you can save the stress of the possibility of a worst-case. It is also important to research and find repair shops that have a good reputation and fair prices. Get in touch with your business and inquire about the coverage before spending money on repairs. Here’s a brief overview of the most common repairs that could occur as well as the costs related to these. Unexpected repair
Costs to be expected
Tire blow or flat
From $10 to $250
Transmission issue
1200-$6,000
Damage caused by weather
Between $1,000 and $3,500
Minor collisions
From $50 to $3,000
Engine overheating
100 to $1,500
Dead battery
$45 to $350
Broken starter motor
$80 to $1,100 Cost by brand The price of a premium vehicle is greater than that of a standard car — and the maintenance that comes with it will carry a higher cost also. Your warranty may even require you to take care of maintenance with a specific dealer even for routine things like oil changes and mileage check-ups. The dealer experience tends to be more expensive , but offers the security of mechanics who are experts in your car’s make and model. Although it is obvious that mid- or top-end cars require expensive maintenance but this isn’t always the situation. Consider Dodge for instance. Although it is a mid-tier model however, the cost of maintenance annually is close to what Mercedes drivers must pay. Take into consideration the costs that come with a vehicle, which could be based on how often you’ll be required to take it to the body shop. Even the regular expenses — like gas — are more costly when you choose to go to purchase premium gasoline. Study the average annual cost of various brands of vehicles to determine how much a car will cost you in the course of ownership. The brand of vehicle
Cost of maintenance annually for a vehicle that’s been in use for 10 years
BMW
$1,033
Chevrolet
$342
Dodge
$719
Ford
$321
Honda
$377
Kia
$392
Mercedes
$774
Nissan
$376
Subaru
$480
Toyota
$338 Cost by vehicle type While the model of the vehicle clearly influences the price of maintenance but the type of vehicle is also a major determining factor. Below is the cost of ownership for a car that lasts for five years, and 75,000 miles. AAA discovered this figure by calculating the depreciation, financing as well as insurance, fuel licensing, registration taxes, maintenance repairs and tires. The lowest cost for maintenance of vehicles is electric vehicles, whereas the half-ton pickup is most costly to maintain. The type of vehicle
Per mile cost in Cents
Small sedan
48.20
Medium sedan
62.44
Subcompact SUV
53.45
Compact SUV
56.63
Medium SUV
66.45
Midsize pickup
62.77
Half-ton pickup
77.25
Hybrid
66.06
Electric
61.96 As these prices show that maintenance for vehicles is based on a number of factors that are not a perfect recipe for finding an inexpensive car. But an or smaller vehicle is more likely to cost less. Electric vehicles are increasingly available across the market and could be a great alternative for people seeking lower maintenance costs. The bottom line Maintenance is a necessary part of vehicle ownership. But by understanding average costs you can budget accurately for routine maintenance and unexpected repairs. Research mechanics and consult the owner’s manual to ensure you are following the specific requirements of the vehicle you own.
SHARE:
This article is written by Auto Loans Reporter Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers in navigating the ins and outs of securely borrowing money to purchase an automobile. Edited by Rhys Subitch Edited by Auto loans editor Rhys has been writing and editing for Bankrate since the end of 2021. They are passionate about helping readers feel confident to manage their finances with precise, well-researched and relevant information that breaks down otherwise complicated topics into digestible pieces.
Auto loans editor
Related Articles Car Insurance 9 min read March 03, 2023 Auto Loans 4 min read Nov 14 2022. Loans 5 minutes read on Sep 15, 2022 Auto Loans 3 minutes read Aug 25, 2022
For those who have virtually any queries relating to where as well as tips on how to work with payday loans online same day texas (https://loanwq.site), you’ll be able to e mail us at the web page.