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 on a regular schedule. Budget for these tasks based on your vehicle manufacturer's recommendations and estimated costs.
- Plan for Unforeseen Repairs
No matter how well you maintain your vehicle, unexpected repairs can happen. To be prepared for these situations, it's wise to set aside some money for unforeseen repairs. We recommend setting aside 10% of your total maintenance costs for unexpected repairs.
- Keep Track of Your Expenses
Finally, keep track of all your vehicle maintenance expenses throughout the year. Managing these expenses will give you a good idea of how much you're spending and help you adjust your budget accordingly.
The truth is that there's no one-size-fits-all answer to how much to budget for vehicle maintenance. However, by following our guide, you can estimate your annual maintenance costs and plan accordingly.
If you need help with your vehicle's maintenance, turn to TC Auto Service for affordable and quality auto services. Give us a call or visit soon!