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작성자Clarita Vanatta 댓글댓글 0건 조회조회 7회 작성일 23-03-23 05:36

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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 providing you with interactive financial calculators and tools, publishing original and objective content. This allows you to conduct research and compare data for free to help you make sound financial decisions. Bankrate has agreements with issuers, including but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money The offers that appear on this site come from companies that compensate us. This compensation can affect the way and where products appear on this site, including such things as the order in which they be listed within the categories of listing, except where prohibited by law. This applies to our mortgage and home equity products, as well as other home lending products. However, this compensation will have no impact on the information we publish, or the reviews you see on this site. We do not include the vast array of companies or financial offerings that might be open to you. Getty Images/sturti
5 min read Published on October 12, 2022.
Written by Rebecca Betterton Written by Auto Loans Reporter Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in helping readers in navigating the ins and outs of securely taking out loans to buy a car. Edited 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 confidence to control their finances through providing clear, well-researched information that breaks down complicated topics into bite-sized pieces. The Bankrate guarantee
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We make sure that everything we publish ensures that everything we publish is accurate, objective and reliable. The loans reporter and editor focus on the things that consumers are interested about most -- the different types of lending options as well as the best rates, the top lenders, ways to pay off debt and much more. So you can feel confident when making a decision about your investment. Editorial integrity
Bankrate follows a strict and rigorous policy, so you can rest assured that we're putting your interests first. Our award-winning editors, reporters and editors provide honest and trustworthy content to assist you in making the right financial decisions. Our main principles are that we appreciate your trust. Our aim is to provide readers with accurate and unbiased information, and we have established editorial standards to ensure this occurs. Our reporters and editors thoroughly check the accuracy of editorial content to ensure 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 direct compensation through our sponsors. Editorial Independence Bankrate's editorial team writes on behalf of YOU - the reader. Our aim is to provide you the best advice that will help you make smart personal financial decisions. We adhere to rigorous guidelines that ensure our content is not affected by advertisements. Our editorial team is not paid direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you're reading an article or a report you can be sure that you're receiving reliable and dependable information. What we do to earn money
If you have questions about money. Bankrate has the answers. Our experts have helped you understand your finances for over four decades. We continually strive to provide our readers with the professional advice and tools needed to be successful throughout their financial journey. Bankrate adheres to a strict code of conduct standard of conduct, so you can rest assured that our information is trustworthy and reliable. Our award-winning editors, reporters and editors provide honest and trustworthy content to help you make the right financial decisions. Our content produced by our editorial team is objective, truthful, and not influenced by our advertisers. We're open about the ways we're in a position to provide quality information, 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 in exchange for placement of sponsored products and services or by you clicking on certain hyperlinks on our website. Therefore, this compensation may affect the way, location and when products appear in listing categories and categories, unless it is prohibited by law. We also offer mortgage or home equity products, as well as other home lending products. Other elements, such as our own rules for our website and whether or not a product is offered in your area or at your personal credit score may also influence how and where products appear on this site. We strive to offer the most diverse selection of products, Bankrate does not include information about every financial or credit product or service. The cost of car ownership adds up. When the time comes to buy your next car be sure to consider the - visits to the mechanic. When you are having your oil changed or tires replaced both range in cost, AAA found that drivers spent on average $9,666 towards their cars in 2021. This is a $279 increase from the previous year, and as rise, it is important to plan for costs for your vehicle in order to determine which vehicle is right for you. Key car maintenance statistics The average price to run a new car in 2021 was $96,666. average car owner pays $1,771 per year for full coverage registration, vehicle taxes and registration cost $699 per year For vehicles that are newer, it is recommended to get their oil changed every 5,000 to 7,500 miles 1 in 3 drivers can't afford unexpected vehicle repairs 7.9 percent of drivers delay their vehicle's routine maintenance maintenance Routine vehicle maintenance keeps your vehicle running as it should and, consequently, keeps you and your passengers safe. The cost of maintenance varies based on the vehicle type, age and the location you live in, but there are some basics that nearly every vehicle needs. Typically, your vehicle is required to visit the mechanic for overall upkeep every 5,000 miles or so. But check your owner's manual for more specifics about your car's needs. While mechanics are here to assist you, they're also trying to earn money. While most maintenance jobs require professional help, consider the tasks you can do at home and save money. Maintenance
Frequency
Costs to be expected
Oil change
Every 5,000 - 7,500 miles
Between $35 and $75
Basic inspection
Every five miles
$150 to $250
Tire rotation
Every 5,000-8,000 miles
Between $24 and $100
Wiper replacement
Every six months
Between $10 and $45
Brake pad replacement
Every 10,000 to 20,000 miles
$115 to $300 Replacing components You'll likely have to replace some parts on your vehicle, either because of wear and tear or more serious issues. Whatever the reason, the price for replacement depends on the component that requires replacing. Two common factors that influence price are the vehicle model -- luxury vehicles carrying more expensive partsand the cost of market. Consumers are also directly impacted by the rising cost due to the availability of car parts. Technicians rarely have extra batteries or transmissions, brakes or even brakes in stock and have to purchase these items. Insufficient supply has impacted repair time as well as long wait times for parts. News reports across the country continue to report delays in the delivery of parts and Cars.com reports continued inventory shortages in mechanics and dealerships. It is important to prepare for higher than usual replacement costs because of an increase in the cost of vehicle materials. Just as supply chain issues resulted in fewer cars available and parts, the cost of replacements has been on the decline too. Parts for vehicles
Frequency
Expected cost
New tires
Every six years or between 25,000 and 80,000 miles
From $45 to $250 per day.
Air filter replacement (engine and cabin)
Every 15,000 to 15,000 to
$35 to $80
Brake pad replacement
Every 10,000 to 20,000 miles
$115 to $370 Common delay reports have surfaced for brake pads, batteries, filters and certain tires. With less parts on the market, expect to pay morein 2021, according to Michael Chung, market intelligence director at Auto Care Association. The inflation rate has also been an issue. In conjunction with the delays, price of car parts has increased. Costs for unexpected repairs are inevitable during the course of vehicle ownership. It could be an unintentional spill that causes a stain on an interior area of the car or more serious issues like 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 a majority of people cannot afford to pay the bill for an unexpected repair. While these costs are mostly out of your control however, you can avoid your future stress by planning for the possibility of a worst-case. It is also important to research and find an repair shop that has an excellent reputation and reasonable costs. Contact your company and see what is covered prior to making repairs. Here's a list of typical repairs that can occur and the costs that are associated with them. Unexpected repair
Costs expected to be
Tires that are blown or flat
From $10 to $250
Transmission issue
$1,200 to $6,000
Damage caused by weather
$1,000 to $3,500
Minor collisions
Between $50 and $3,000
Engine overheating
From $100 to $1,500
Dead battery
$45 to $350
Broken starter motor
$80-$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 carry a higher cost as well. Your warranty could even require you to take care of maintenance at a specific dealership even for things like oil change and mileage checks. The experience at a dealer can be more expensive , but can provide the peace of mind of mechanics who are experts in your vehicle's make and model. While it may seem obvious that mid- and premium cars need high-end maintenance, this is not always the scenario. Take Dodge for instance. Although it's a mid-tier model however, the cost of maintenance annually can be as high as the cost Mercedes drivers must pay. Think about the cost that comes with a car. It will depend on the number of times you be required to take it to the auto repair shop. However, even the simplest costslike gas will be more expensive if you have to opt on premium-quality fuel. Find out the annual average costs of different brands of cars to figure out the amount a car will cost you over the course of ownership. Brand name of the vehicle
Cost of maintenance annually for a car that is 10 years old
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 The brand of the vehicle clearly influences the price of maintenance but the type of vehicle is also a large determining factor. Broken down below is the cost average of ownership of a vehicle for five years and 75,000 miles. AAA determined this amount by calculating the depreciation, financing and insurance, fuel, license, registration, taxes, maintenance, repairs and tires. The lowest price for maintaining vehicles is electric vehicles. However, the half-ton pickups are the most expensive to maintain. 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 According to these figures that maintenance for vehicles is based on a number of factors that are not a ideal formula for finding an inexpensive car. A smaller car is more likely to cost less. Electric vehicles are becoming more readily available on the market and are a good alternative for those looking for lower maintenance costs. The bottom line Maintenance is a necessary aspect of car ownership. But by understanding average costs you can budget accurately for routine maintenance and surprise repairs. Find out about mechanics and refer to the owner's manual to ensure that you're following the exact requirements of the vehicle you own.
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This article is written by Auto Loans Reporter Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the ins and outs of securely borrowing money to purchase cars. Edited by Rhys Subitch Edited by Auto loans editor Rhys has been editing and writing for Bankrate since the end of 2021. They are passionate about helping readers feel confident to take control of their finances by providing clear, well-researched information that breaks down otherwise complicated topics into digestible pieces.
Auto loans editor
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