Posted on 2/28/2023
Keeping a vehicle in good condition requires regular maintenance, which can add up in cost over time. But how much money should you budget for vehicle maintenance? The answer depends on different factors, including the age of your vehicle, how much you drive, and the type of vehicle you own. As a general rule of thumb, it is recommended that you budget around 1-2% of your vehicle's value per year for maintenance and repairs. So if your car is worth $10,000, you should plan to spend $100-$200 per year on maintenance. This figure will vary depending on the make and model of your automobile, as well as how often you drive it. Of course, this is just a rough estimate, and there are many factors that can impact how much you spend on vehicle maintenance. Some of the most common maintenance tasks include oil changes, tire rotations, and brake replacements, but there are many other things that may need to be done over the course of a vehicle's life, including transmission and coolant ... read more