![]() Your $50 per month baseline, for example, would then become as much as $150 per month. If you have an older car and you know it’ll need some extensive repairs soon, consider doubling, or even tripling, the amount you save each month. Take your baseline figure from last year’s expenses and adjust for the current condition of your car. Adjust Your Budget for Your Current Situation It’s always a good idea to refer to the recommended maintenance schedule of your specific make and model. ![]() Typically, the more mileage and years on your car, the more frequently it will need maintenance. ![]() Keep in mind that your car’s needs depend on a lot of factors, such as how often you drive, how you use your vehicle, its age and mileage, and its repair history. This provides a good baseline figure to work with, but ultimately, you’ll likely want to set aside more money per month just in case! Calculate the total cost of maintenance over the last year and divide that number by 12 to get your estimated monthly maintenance costs.įor example, if you spent $600 in the last year on oil changes, air filter replacements, new tires, and other maintenance, you should set aside $50 for your car each month at the very minimum. Gather maintenance records from the past year, including receipts and credit card statements, to give you an idea of what kind of regular maintenance your car needs, how often, and what it costs. Get Familiar with Your Car’s Specific Needs Take advantage of free warranties on services like battery replacement and tire rotations, and lifetime warranties on parts such as brake shoes and disc pads, shocks and struts, and steering and suspension parts. If your vehicle isn't so new or your free maintenance period has expired, head to Tires Plus! We not only provide the services you need, but also repair and service warranties to help give you peace of mind. Make sure you’re aware of such deals before the free maintenance period expires. When you buy a new car, the manufacturer sometimes includes free maintenance for the first few years of ownership. Take Advantage of Warranties and Free Maintenance Here’s how you can build a car maintenance budget like a pro: 1. ![]() Plus, budgeting for your car’s expenses not only helps out your wallet, it gives you peace of mind, too. Anyone who drives an older car will probably tell you that the cost of maintenance only increases over time.Īlthough it may be tempting to save money by avoiding basic maintenance like oil changes and tire rotations, putting off regular upkeep of your vehicle can lead to greater damage and more expenses down the road. That’s about $99 per month - and only takes into account new cars. ![]() How To Budget For Car MaintenanceĪccording to a study done by AAA, new vehicles cost drivers an average of $1,186 per year in maintenance and repairs. Here are a few ways to approach your car maintenance budget, including some average car maintenance prices, so you can get where you need to go for less. Knowing how to budget for car maintenance and repairs can go a long way toward keeping costs - and stress - under control. In fact, NerdWallet reports that vehicle ownership is most people's second biggest monthly expense (after housing). Whether it’s filling up the gas tank, paying for auto insurance, or getting something fixed, owning a car can cost a lot of money. ![]()
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