Monthly Archives: March 2023

How to Budget for Auto Maintenance

How to Budget for Auto Maintenance

Maintaining your vehicle is essential to keep it running safely and efficiently. Regular maintenance not only prevents breakdowns and repairs but also prolongs the life of your car. However, many people need help determining how much to budget for vehicle maintenance. Here's what you need to know: Estimate Your Annual Mileage The first step in determining your vehicle maintenance budget is to estimate your annual mileage. The more you drive, the more maintenance your vehicle will need. A good rule of thumb is to set aside $0.05 to $0.10 per mile for maintenance costs. Consider Your Vehicle's Age Older vehicles typically require more maintenance than newer ones. The older your car is, the more you should budget for repairs and maintenance. A general guideline is to budget $500 to $1,000 per year for a vehicle that is five years old or older. Account for Regular Maintenance Tasks Routine maintenance tasks like oil changes, tune-ups, and brake inspections should be performed o ... read more