Monthly Archives: January 2020

Is It Cheaper To Keep Your Old Car? A Look at Preventive Maintenance vs. Buying New.

Is It Cheaper To Keep Your Old Car? A Look at Preventive Maintenance vs. Buying New.

Do you ever wonder how your grandparents always seemed to have the same cars for decades, while those with newer vehicles often wind up trading them in or buying new cars to replace them in a few years? Going into the new year, we often find ourselves looking for a fresh start, out with the old and in with the new. But that can add up! Take a page out of grandpa’s book, and keep your car running like new for years to come by investing in your vehicle’s longevity through preventive maintenance. The investment is minimal compared  to the thousands you’ll save on a new vehicle! To put things in perspective, let’s look at some numbers. The U.S. Bureau of Labor Statistics lists that in 2018, the average American household earned $63,179. That same family spent 1.9% of its annual income on preventive maintenance and repairs, 3.1% on gasoline and oil, and 2.2% on auto insurance. With a little math, those figures show that family spent $1,200 on preventive mainten ... read more

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