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Average cost of car maintenance Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make better financial decisions by offering you interactive financial calculators and tools, publishing original and objective content. This allows you to conduct your own research and compare information for free – so that you can make sound financial decisions. Bankrate has partnerships 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 site are from companies that pay us. This compensation could affect how and when products are featured on the site, such as such things as the order in which they appear within the listing categories and other categories, unless prohibited by law for our mortgage and home equity products, as well as other home lending products. This compensation, however, does not influence the information we publish, or the reviews that you read on this site. We do not include the vast array of companies or financial deals that could be available to you. Getty Images/sturti
5 minutes read. Published October 12, 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 to navigate the ways and pitfalls of taking out loans to buy a car. Written by Rhys Subitch Edited by Auto loans editor Rhys has been writing and editing for Bankrate from late 2021. They are committed to helping readers gain the confidence to control their finances with concise, well-studied information that breaks down otherwise complicated topics into bite-sized pieces. The Bankrate promises
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We make sure that everything we publish ensures that everything we publish is accurate, objective and trustworthy. We have loans reporter and editor focus on the points consumers care about most — the different types of lending options as well as the best rates, the best lenders, how to repay debt, and much more. So you can feel confident when making a decision about your investment. Editorial integrity
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If you have questions about money. Bankrate has answers. Our experts have been helping you manage your money for over four years. We are constantly striving to provide our readers with the professional advice and tools required to make it through life’s financial journey. Bankrate adheres to a strict code of conduct standard of conduct, so you can rest assured that our information is trustworthy and accurate. Our award-winning editors and journalists provide honest and trustworthy content to help you make the right financial choices. The content we create by our editorial staff is objective, truthful, and not influenced from our advertising. We’re transparent about how we are capable of bringing high-quality content, competitive rates and useful tools for you , by describing 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 through you clicking certain hyperlinks on our site. Therefore, this compensation may impact how, where and in what order items are listed in the event that they are not permitted by law. This is the case for our mortgage or home equity products, as well as other home lending products. Other factors, such as our own rules for our website and whether or not a product is available within your area or at your self-selected credit score range could also affect how and where products appear on this website. We strive to offer the most diverse selection of products, Bankrate does not include details about every credit or financial product or service. The cost of owning a vehicle is a significant amount. When the time comes to purchase your next vehicle take into consideration the visits to the mechanic. When you are having your oil changed and tires replaced can be costly, AAA found that drivers spend the sum of $9,666 on their vehicles in 2021. This is a $279 increase over the previous year and as rise costs increase, it’s important to prepare for vehicle costs depending on which model is right for you. Important car maintenance facts average cost to operate a new car in 2021 was $9,666 . average motorist spends $1,771 a annual for coverage that is complete.. License Registration, taxes on vehicles and the like are $699 annually. The owners of vehicles with a newer model should be able to change their oil every 5,000 to 7,500 miles 1 out of 3 drivers cannot afford the cost of unexpected repairs to their vehicle. 7.9 percent of motorists have put off their vehicle’s routine maintenance routine maintenance of vehicles keeps your vehicle running as it should and, by extension, keeps you and your passengers secure. The cost of maintenance varies based on the kind of vehicle, its age, and location, however there are a few basic requirements that every car requires. In general, your car is required to visit mechanics for general maintenance at least every 5,000 miles. But check your owner’s manual to find out more details about your vehicle’s requirements. While mechanics are there to help you, they’re also aiming to make money. While most maintenance jobs require expert assistance, think about what you can tackle at home and save money. Maintenance
Frequency
Expected cost
Oil change
Every 5,000 to 7,500 miles
Between $35 and $75
Basic inspection
Every five miles
$150-$250
Tire rotation
Every 5,000 to 8,000 miles
Between $24 and $100
Wiper replacement
Every six months
From $10 to $45
Replacement of brake pad
Every 10,000 to 20,000 miles
$115 to $300 Replacing components You’ll likely need to replace certain parts of your vehicle due to general wear-and-tear or larger issues. Whatever your reason for replacing them, price tag for replacement depends on the component that will need replacing. Two common factors that influence cost are vehicle type that is a luxury vehicle with greater costs for partsas well as the market price. Consumers are also directly impacted by an increase in cost as well as the availability of vehicle parts. Technicians rarely have extra batteries or transmissions, brakes or even brakes in stock and need to order the items. The shortages have impacted repair times, and there are still long waiting periods for parts. News reports across the country continue to mention delays in the delivery of components as well as Cars.com has reported ongoing shortages of inventory at mechanics and dealers. 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 have created fewer available cars and parts, the cost of replacements has been declining as well. Parts of a vehicle
Frequency
Expected cost
New tires
Every six years, or every 25,000-80,000 miles
$45 to $250 each
Air filter replacement (engine and cabin)
Every 15,000 to 30,000
$35 to $80
Replacement of brake pad
Every 10,000-20,000 miles
$115 to $370 Common delays have been reported in brake pads and batteries, as well as filters, and certain tires. With fewer available parts expect to pay more -in 2021, According to Michael Chung, market intelligence director of the Auto Care Association. Inflation is also an issue in along with delays in the price of parts for vehicles has increased. Costs for unexpected repairs will surely arise in vehicle ownership. It could be an unintentional accident that damages an interior area of the vehicle or more serious issues like a . Whatever the case, it’s essential to have extra cash saved in case unexpected repairs pop up. AAA found that nearly cannot afford to pay bills in the event of an emergency repair. While these costs are mostly not your responsibility, you can save the stress of the worst-case scenario. It is also advisable to research and find a repair shop with an excellent reputation and reasonable rates. Contact your company to find out what they offer before spending money on a repair. Here’s an outline of common repairs that may come up and the costs that are related to them. Unexpected repair
Expected cost
Tires that are blown or flat
$10 to $250
Transmission issue
From $1,200 to $6,000
Weather-related damage
From $1,000 to $3,500
Minor collisions
From $50 to $3,000
Engine overheating
From $100 to $1,500
Dead battery
$45 to $350
Broken starter motor
$80 to $1,100 Cost by the brand The cost of a more expensive car is more expensive than that of a standard car — and the maintenance that comes with it will carry a higher cost as well. The warranty might even require you to handle maintenance at a particular dealership even for things like oil change and mileage check-ups. The experience at a dealer can be more expensive , but can provide the peace of mind of mechanics that specialize in your vehicle’s make and model. Although it is obvious 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 model but the annual cost for maintenance is close to what Mercedes drivers have to pay. Take into consideration the costs that come with a car, and it can come down to how often you’ll need to bring it to the body shop. However, even the simplest costssuch as gas can be more expensive when you opt on premium-quality fuel. Study the average annual cost of various brands of vehicles to determine the amount a car will cost you in the course of ownership. Vehicle brand
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 per vehicle The brand of the vehicle clearly influences the price of maintenance however, the model of the vehicle is also a large influencer. The following is the cost of ownership of a vehicle that lasts for five years, and 75,000 miles. AAA found this cost by calculating depreciation financing as well as insurance, fuel, license, registration, taxes, maintenance, repairs and tires. The lowest price for maintenance of vehicles is electric vehicles, whereas the half-ton pickup is most costly to maintain. The type of vehicle
The cost of ownership is expressed in cents for each 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 According to these figures the maintenance of vehicles depends on several factors which means there isn’t a ideal formula for finding the cheapest vehicle. A smaller car will cost less. Electric vehicles are increasingly accessible across the marketplace and could be a great alternative for people seeking lower maintenance costs. The bottom line is that maintenance is a necessary aspect of car ownership. If you know the cost of maintenance, you can accurately budget for routine maintenance and surprise repairs. Find out about mechanics and refer to your owner’s manual in order to verify that you’re following the exact requirements of your car.
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The article was 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 borrowing money to purchase a car. The article was 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 gain the confidence to take control of their finances through providing concise, well-researched, and well-understood information that is broken down into complicated subjects into bite-sized pieces.
Auto loans editor
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