In this technological age, cars are advanced and have a lot of modern parts that involve electronics as well as the standard parts. While considering all the advantages of a new or used car purchase, you should at some point think about the long-term maintenance costs that will arise if you choose to keep the vehicle.
According to a variety of auto manufacturers, ranging from Chevrolet to Mercedes-Benz, there are some auto repairs that are more likely than others. Some of these auto repairs are costly, so it is better to slowly save for these eventual repair instead of being caught off-guard.
Common Fixes That You May Encounter
Tires – Yes, tires do have to be replaced on occasion, and they can be quite expensive. The average set of tires last two to four years, so you will actually replace them more often than any other car component. A good set of tires can cost anywhere from $400 to $600, with larger tires or truck tires costing more. Damaged rims from potholes or hitting curbs are also common, and they are not a cheap replacement either.
Brakes – Brakes are an essential part of your vehicle and do require periodic replacement. Replacing front and rear brakes can cost several hundred dollars, depending on the vehicle, it can even reach into the thousands. If you can do it yourself, you’ll save you a lot of money.
Tire Pressure Monitoring System (TPMS) – Like any advanced technology TPMS can be helpful. But it can also be a thorn in your side. If the light comes on for no reason, it is usually a sensor problem. The sensor itself can cost $100 or more, especially if you order the part from a dealer.
Timing Belts – While they don’t require frequent changes, they are expensive replacements. The part doesn’t cost much, but the cost of labor often hurts.
Suspension components – While they don’t require frequent replacements, they can wear out after tens of thousands of miles or after absorbing many potholes or bumps while traveling. Your suspension does not involve just shocks or struts. It also consists of several smaller pieces that can break or wear out, including bushings, tie-rod ends, and bearings. The kind of vehicle you have often impacts the lifespan of these parts.
Getting these items repaired at a dealership service center usually raises the price of the repair significantly. If possible, check a local repair shop for pricing. Lastly, don’t feed into the myth that your vehicle’s warranty is voided if a repair is made by an independent shop. Instead, read the Magnuson-Moss Warranty Act.