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 offering interactive tools and financial calculators as well as publishing authoritative and original content. We also allow users to conduct research and compare information for free and help you make informed financial decisions. 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 offers that appear on this website are provided by companies that pay us. This compensation could affect how and where products appear on the site, such as, for example, the sequence in which they appear within the listing categories and other categories, unless prohibited by law. Our mortgage or home equity, and also other products for home loans. But this compensation does have no impact on the information we publish, or the reviews that you see on this site. We do not consider the vast array of companies or financial offers that may be open to you. Sturti/Getty Images
5 minutes read. Published 12 October 2022
Writer: Rebecca Betterton Written by Auto Loans Reporter Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers with the details of borrowing money to purchase cars. The article was edited by Rhys Subitch Edited by Auto loans editor Rhys has been editing and writing for Bankrate from late 2021. They are passionate about helping readers gain confidence to take control of their finances with clear, well-researched facts that break down complex topics into manageable bites. The Bankrate guarantee
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You have money questions. Bankrate has the answers. Our experts have been helping you manage your finances for over four decades. We are constantly striving 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 policy, which means you can be confident that our content is honest and reliable. Our award-winning editors and reporters produce honest and reliable information to assist you in making the right financial decisions. The content created by our editorial staff is objective, factual and uninfluenced from our advertising. We’re honest about the ways we’re in a position to provide quality content, competitive rates and useful tools for you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for placement of sponsored products and services, or through you clicking certain links posted on our site. So, this compensation can impact how, where and in what order items appear within listing categories, except where prohibited by law. This is the case for our mortgage, home equity and other home loan products. Other factors, such as our own website rules and whether the product is offered in your area or at your personal credit score could also affect the way and place products are listed on this website. We strive to offer a wide range offers, Bankrate does not include details about every financial or credit products or services. The cost of car ownership adds up. When the time comes to buy your next car, you must consider the — visits to the mechanics included. When you are having your oil changed or tires replaced both range in cost, AAA found that drivers put the sum of $9,666 on their vehicles in 2021. This is an increase of $279 from the previous year and as rise the cost of a car increases, it’s essential to plan for costs for your vehicle depending on which model is right for you. Key car maintenance statistics The cost of operating an all-new car in 2021 was $9,666 . average driver spends $1,771 per annual for coverage that is complete.. License registration, vehicle taxes and registration are $699 annually. Drivers of newer vehicles should get their oil changed every 5,000 – 7,500 miles. 1 out of 3 drivers cannot afford unexpected vehicle repairs 7.9 percent of motorists have put off their vehicle’s routine maintenance Routine regular maintenance helps keep your vehicle running as it should, and in turn, helps keep you and your passengers secure. Maintenance costs differ based on vehicle type, age and location, however there are some basics that almost every car needs. Typically, your vehicle requires a visit to mechanics for general maintenance every 5,000 or so miles. Check your owner’s guide to find out more details about your vehicle’s needs. While mechanics are there to assist you, they are also trying to earn money. Therefore, while the majority of maintenance tasks require expert assistance, think about what you can handle at home to save money. Maintenance
Frequency
Costs to be expected
Oil change
Every 5,000 to 7,500 miles
From $35 to $75
Basic inspection
Every 5,000 miles
Between $150 and $250
Tire rotation
Every 5,000 to 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
$115 to $300 Replacing parts You will almost certainly require replacing some components of your vehicle due to general wear-and-tear or larger issues. Whatever the reason, the price tag for replacement depends on the component that requires replacing. Two common factors that influence price are the vehicle model that is a luxury vehicle with more expensive parts- and the market cost. Consumers are also directly impacted by the increase in price as well as the availability of vehicle parts. Mechanics often do not simply have extra batteries or transmissions, brakes or even brakes on hand and instead need to order them. The shortages have impacted repair times 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 states that there are ongoing shortages of inventory at dealerships and mechanics. It is important to prepare for higher than usual replacement costs due to an increase in the price of materials used in vehicles. As supply chain issues resulted in fewer cars available components, their availability has been on the decline too. Parts of a vehicle
Frequency
Costs to be expected
New tires
Every six years or 25,000 to 80,000 miles
From $45 to $250 per day.
Refilling the Air Filter (engine as well as cabin)
Every 15,000 to Every 30,000 to
$35 to $80
Replacement of brake pad
Every 10,000-20,000 miles
From $115 to $370, common delays are reported for brake pads and batteries, as well as filters, and some tires. With fewer parts available you can expect to pay more- a from 2021, as per Michael Chung, market intelligence director at the Auto Care Association. Inflation has also been an issue in addition to delays, the cost of parts for vehicles has increased. Unexpected repairs Surprise costs are inevitable when you own a vehicle. This could be an unexpected spill that causes a stain on the interior of your vehicle or more serious issues like an . Either way, it is important to have extra money saved in case unexpected repairs occur. AAA discovered that the majority of households can’t afford to pay the bill in the event of an emergency repair. Although these expenses are usually not your responsibility however, you can avoid the stress of the worst-case scenario. It is also advisable to shop around and find a repair shop with a good reputation and fair rates. Contact your company and inquire about the coverage before spending money on a repair. Here’s a brief overview of the most common repairs that can occur and the expenses associated with these. Unexpected repair
Expected cost
Tires that are blown or flat
From $10 to $250
Transmission issue
1200-$6,000
Damage caused by weather
From $1,000 to $3,500
Minor collisions
$50 to $3,000
Engine overheating
100 to $1,500
Dead battery
From $45 to $350
Broken starter motor
Cost ranges from $80 to $1,100 based on the brand The cost of a more expensive vehicle is higher than the cost of a basic car — and the maintenance that comes with it will carry a higher cost, too. Your warranty could even require you to handle maintenance with a specific dealer even for routine things like oil change and mileage checks. The dealership experience can be more expensive but does carry the comfort of mechanics who specialize in your car’s make and model. Although it is evident that mid- and high-end vehicles require high-end upkeep, this is not always the situation. Consider Dodge, for example. Although it’s a mid-tier option however, the cost of maintenance annually can be as high as the cost Mercedes drivers have to pay. Think about the cost that comes with a car. It could be based on how many times you will have to take it to the body shop. But even regular costs -like gas will be more expensive if you have to opt on premium-quality fuel. Research the average annual costs of various brands of vehicles to determine how much a car will cost you throughout the duration of its ownership. Brand name of the vehicle
The cost of annual maintenance 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 based on the type of vehicle Although the brand of the vehicle has a direct impact on the price of maintenance but the type of vehicle is also a major impacting factor. The following is the cost of ownership for a car for five years or 75,000 miles. AAA found this cost by calculating depreciation, financing as well as insurance, fuel and registration fees, as well as licenses taxes, maintenance repairs, and tires. The lowest cost for maintenance of vehicles is electric vehicles. However, the half-ton pickup is most costly to maintain. The type of vehicle
Cost of ownership in cents per mile
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 In these rates that maintenance for vehicles is based on several factors that are not a ideal formula for finding an affordable vehicle. However, a smaller or less expensive vehicle will cost less. Electric vehicles are becoming more accessible across the marketplace and are a good option for drivers who want to save money on maintenance. The bottom line Maintenance is a necessary aspect of car ownership. But by understanding average costs, you can accurately budget for routine maintenance and unexpected repairs. Find out about mechanics and refer to your owner’s manual in order to verify you’re meeting the needs of your vehicle.
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This article is written by Auto Loans Reporter Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers in navigating the ins and outs of securely taking out loans to purchase an automobile. 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 to manage their finances through providing clear, well-researched information that is broken down into complicated subjects into bite-sized pieces.
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