Higher Finance Costs Driving People To Keep Cars Longer

(PHOENIX)– New research reveals the full costs of owning a newer car, including soaring finance costs. And while it may surprise you, it doesn’t surprise your Neighborhood Auto Repair Professionals (NARPRO). Every day, they advise consumers on how to keep their cars running longer while minimizing expenses.

According to AAA, the average cost of vehicle ownership is $9,282 a year, or $773.50 a month. New cars have gotten more expensive, interest rates have increased and many consumers are taking out 60 and 72-month loans. Plus, a new vehicle loses more than thirty percent of its value the first year.

With proper maintenance, many cars can safely and reliably make it to 200,000 miles. If you want to avoid the financial burden of new car ownership, consider this advice from certified Valley mechanics:

Pay attention to your car

• If a warning light popped on, note it. Along with unusual sounds or smells. Details will help a mechanic fine-tune their diagnosis.

Be curious

• Keep asking questions until you understand what needs to be fixed.
• A good mechanic will give you a lesson on how parts work together.
• Ask to see the problem. If your timing belt needs replaced, have the mechanic show you the belt.

Develop a relationship

• Think beyond the current maintenance appointment or repair.
• Long-term relationships with a reputable repair shop can build trust and help you avoid headaches down the road.
• Having your vehicle’s history will help a mechanic provide a road map for future repairs, which can help you plan.

Focus on maintenance

• If you don’t want to review your owner’s manual, ask a reputable repair shop to provide recommended major service intervals for your car.
• Preventive care and maintenance will extend the life of your car and ultimately save you big bucks. It’s almost always cheaper to take care of your can than buy a new one.

Don’t let high finance costs for a new car scare you. Instead, let our trusted auto repair shops help keep your current vehicle running smoothly for longer!