When you buy a brand new car, it is not likely that you will encounter high maintenance and repair costs right away. Over time, however, those costs will inevitably go up. Whether you are making a long-term budget for your family or you are deciding whether it makes more sense for you to invest in a new car or a used car, you will want to consider how car maintenance costs change with age.
According to YourMechanic.com, you can expect maintenance costs to rise at a consistent rate for about the first ten years. Their estimate is a $150 increase year-over-year for years one through ten, assuming an initial cost of roughly $250 the first year and reaching $500 during year three and $1,000 in year seven.
After ten years, however, costs are expected to rise more dramatically. By year 13, maintenance costs should plateau at $2,000 per year, though they are expected to rise again around year 17. The highest-recorded year was year 20 at around $2,250, though data was not shown beyond 20 years.
Of course, these are just rough estimates. You can keep maintenance and repair costs down by driving your car efficiently and carefully and remembering to keep up with crucial routine maintenance like oil changes and tire rotations.
Schedule your routine maintenance today at Trent Buick GMC to keep your vehicle lasting longer.