Your vehicle is a pretty big investment – one of the biggest investments you’ll make aside from a house, in many cases. You’ve probably put down a sizable down payment, adjusted your budget to be able to make monthly car payments and maybe even had to adjust your insurance payments, too. So you have all this money invested into your car, but what happens if a major breakdown occurs, and you aren’t covered by a warranty anymore? How will you pay for the repairs How will you pay your auto repair shop for major repair services that must be done? We hope this never happens to you, but if it does, our auto repair shop is ready to help.
When you buy a new car, you’ll want to factor in the cost of maintenance as well. It isn’t cheap to own and maintain your vehicle. Consumer Reports estimates that over five years, 4 percent of the total cost of your vehicle will be spent on repairs and maintenance. While that may not sound like a lot of money, it really adds up over time and sometimes, those auto repairs are way costlier than you were prepared for. If you have blown a transmission or your engine is needing some major repair, you’ll probably feel the pressure that we are talking about.
According to one recent study, the average American household spent $5,477 on gas and automotive expenses last year. $2,208 was for gasoline, but the rest — a whopping $3,269 — was for expenses like dealership maintenance, service station fixes and body shop repair. That comes out to $272 a month, which is almost like a second car payment. The rate of labor alone can be between $80-$100, which is based off of a national rate. Now we certainly hope you’re not actually paying $272 per month in automotive maintenance, but it is certainly something to keep in mind.
We see many older vehicles too, over ten years old. People are driving their cars longer than in the past and we do see some major parts go. They can be expensive often cost a lot of money in labor. A recent article in The Atlantic admits that the reality is for many people, saving hundreds or even thousands of dollars can be a struggle. When your car breaks down, it’s not helpful to hear that you should have anticipated the expense months ago.
Well we have you covered, we offer options for financing car repairs if you find yourself short on cash. We have partnered with GE Capital and Easy Pay Finance – to give you options and take the burden out of keeping your car on the road. Your car is your lifeline – we know you need it for work and family life. We hope this option will help in the circumstance that a major breakdown or repair occurs. Remember, preventative maintenance is one of the best ways to avoid this, but should you find yourself in this situation, we are prepared to help!
