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What Same Day Online Payday Loans Experts Don't Want You To Know
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 choices by offering you interactive tools and financial calculators that provide objective and unique content, by enabling users to conduct research and compare data for free and help you make informed financial decisions. Bankrate has partnerships with issuers including, 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 site are from companies that pay us. This compensation may impact how and where products appear on this site, including for instance, the order in which they may appear within the listing categories, except where prohibited by law. Our mortgage and home equity products, as well as other products for home loans. However, this compensation will have no impact on the content we publish or the reviews you see on this site. We do not cover the entire universe of businesses or financial deals that could be open to you. sturti/Getty Images
5 min read Published on October 12, 2022.
Authored by Rebecca Betterton Written by Auto Loans Reporter Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ways and pitfalls of borrowing money to buy an automobile. Written by Rhys Subitch Edited by Auto loans editor Rhys has been writing and editing for Bankrate from late 2021. They are dedicated to helping readers gain the confidence to manage their finances with clear, well-researched information that breaks down complicated topics into bite-sized pieces. The Bankrate promise
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If you have questions about money. Bankrate can help. Our experts have been helping you master your finances for over four decades. We continually strive to provide consumers with the expert advice and tools required to succeed throughout life's financial journey. Bankrate adheres to strict standards standard of conduct, so you can rest assured that our content is truthful and reliable. Our award-winning editors, reporters and editors produce honest and reliable information to assist you in making the right financial decisions. Our content produced by our editorial staff is objective, truthful, and not influenced from our advertising. We're transparent regarding how we're able to bring quality content, competitive rates and helpful tools to our customers by explaining how we earn money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated for placement of sponsored products and services or by you clicking on certain links posted on our site. So, this compensation can affect the way, location and in what order items are listed, except where prohibited by law. We also offer mortgage, home equity and other home loan products. Other factors, such as our own rules for our website and whether or not a product is available within your region or within your personal credit score can also impact how and where products appear on this website. Although we try to offer a wide range offers, Bankrate does not include details about every financial or credit product or service. The cost of car ownership is a significant amount. When it is time to buy your next car, you must consider the -- visits to the mechanic. When you are having your oil changed or 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 over the previous year and as rise, it is important to prepare for vehicle costs when for which car is right for you. Car maintenance basics average cost to operate for a brand new vehicle in 2021 was $9,666 The average driver spends $1,771 per year for full coverage, registration and vehicle taxes cost $699 per year For vehicles that are newer, it is recommended to have their oil changed every 5,000 - 7,500 miles. 1 out of 3 drivers cannot afford the cost of unexpected repairs to their vehicle. 7.9 percent of drivers have delayed their vehicle's routine maintenance regular maintenance helps keep your vehicle operating as it should and, by extension, keeps your passengers and you safe. The cost of maintenance varies based on the car type, age and location, however there are a few basic requirements that nearly every vehicle needs. In general, your car is required to visit the mechanic for overall upkeep every 5,000 or so miles. But check your owner's manual to find out more details about your vehicle's needs. While mechanics are here to help you, they're trying to earn money. Therefore, while the majority of maintenance tasks require the assistance of a professional, think about what you can handle at home to save money. Maintenance
Frequency
Expected cost
Oil change
Every 5,000 to 7,500 miles
$35 to $75
Basic inspection
Every 5 miles
$150-$250
Tire rotation
Every 5,000-8,000 miles
Between $24 and $100
Wiper replacement
Every six months
$10 to $45
Replacement of brake pad
Every 10,000-20,000 miles
From $115 to $300 to replace components You'll likely require replacing some components of your vehicle due to general wear-and-tear or larger issues. Whatever your reason for replacing them, cost for replacements is contingent on the part that needs replacing. Two common factors that influence the cost of replacement are the type of vehicle that is a luxury vehicle with more expensive parts- and the market cost. Consumers are also directly impacted by the rising cost as well as the availability of parts for vehicles. Technicians rarely have extra batteries, transmissions or brakes in stock and need to order the items. Shortages have affected repair times and there are long waiting periods for parts. The news reports from across the nation continue to mention delays in the delivery of parts, and Cars.com has reported ongoing shortages of inventory at mechanics and dealers. Unfortunately, you should prepare for higher replacement costs than normal because of an increase in the price of vehicle materials. Similar to supply chain problems that resulted in fewer cars available and parts, the cost of replacements has been on the decline too. Parts for vehicles
Frequency
Costs to be expected
New tires
Every six years, or between 25,000 and 80,000 miles
$45 to $250 each
Replacement of the air filter (engine and cabin)
Every 15,000 to Every 30,000 to
From $35 to $80
Brake pad replacement
Every 10,000 to 20,000 miles
From $115 to $370, common delays are reported for brake pads and batteries, as well as filters, and some tires. With fewer available parts expect to pay more -- a from 2021, According to Michael Chung, market intelligence director at the Auto Care Association. Inflation is also an issue -- in conjunction with the delays, price of parts for vehicles has increased. Unexpected repairs Surprise costs are bound to come up during the course of vehicle ownership. It could be an unintentional spill that causes a stain on inside your car or something more serious like a . In any case, it's important to have extra money 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 in the event of an emergency repair. Although these expenses are usually out of your control however, you can avoid your future stress by planning for that worst-case scenario. It is also wise to shop around and find repair shops that have a good reputation and fair prices. Get in touch with your business and see what is covered prior to spending money on repairs. Here's a list of typical repairs that can occur as well as the costs associated with them. Unexpected repair
Costs expected to be
Tires that are blown or flat
Between $10 and $250
Transmission issue
1200-$6,000
Weather-related damage
Between $1,000 and $3,500
Minor collisions
From $50 to $3,000
Engine overheating
From $100 to $1,500
Dead battery
From $45 to $350
Broken starter motor
Cost ranges from $80 to $1,100 based on brand The price of a premium vehicle is higher than the cost of a basic car -- and the maintenance that comes with it will cost more, too. Your warranty could even require you to take care of maintenance with a specific dealer, even for simple things like oil change and mileage checks. The dealership experience can be more costly, but it can provide the peace of mind of mechanics who specialize in your vehicle's brand and model. While it may seem obvious that mid- or premium cars need high-end maintenance, this is not always the case. Consider Dodge for instance. Although it's a mid-tier choice however, the cost of maintenance annually is close to what Mercedes drivers have to pay. Think about the cost that comes with a car. It could be based on how often you'll be required to take it to the repair shop. Even the regular expenses -like gas will be more expensive if you have to opt on premium-quality fuel. Study the average annual cost of various brands of vehicles to determine the amount a car will cost you throughout the duration of your ownership. The brand of vehicle
Annual maintenance cost 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 based on the type of vehicle The brand of the vehicle has a direct impact on the cost of maintaining it, the type of vehicle is also a large determining factor. Broken down below is the cost average of ownership of a vehicle over five years with 75,000 miles. AAA found this cost by calculating depreciation, financing, fuel, insurance, license, registration, taxes, maintenance, repairs and tires. The lowest price for maintaining vehicles is electric vehicles, whereas the half-ton pickup is the most expensive 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, vehicle maintenance is based on a number of factors, and there is no best way to find an inexpensive car. A smaller car is more likely to cost less. Electric vehicles are increasingly readily available on the market and could be a great alternative for people looking for lower maintenance costs. The bottom line Maintenance is a necessary part of vehicle ownership. However, by knowing the average cost, you can accurately budget for routine maintenance and surprise repairs. Research mechanics and consult your owner's manual in order to verify you're meeting the requirements of your car.
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Written by Auto Loans Reporter Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ins and outs of securely borrowing money to buy cars. Edited by Rhys Subitch Edited by Auto loans editor Rhys has been editing and writing for Bankrate since late 2021. They are dedicated to helping their readers feel confident to manage their finances by providing clear, well-researched information that breaks down otherwise complex topics into manageable bites.
Auto loans editor
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