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4 Facts to Help You Budget for Your Annual Auto Repairs

Apr 22, 2024

Owning an automobile requires you to maintain and occasionally fix it when something goes wrong. Responsible ownership and state laws also require you to ensure your vehicle is safe to drive before you put it on a public road. Virtually all motorists are aware of the need to change the oil, oil filter, and air filter and have a good idea of the cost of doing so. Other types of maintenance and auto repairs can vary greatly in cost. Here are four facts to consider when budgeting for your annual auto maintenance and repair services.


1. Expect to Invest More Than $1,000 Per Year


Some years will require costlier maintenance and auto repairs than others, but the average cost over the lifetime of vehicle ownership is known. According to Gitnux, the average annual cost to maintain and repair a vehicle is $1,186. Most years should be on the low side of that average, but others might require costlier investments, like rebuilding the suspension or maybe replacing a transmission.


2. OEM Parts Cost More


When you need to buy parts for maintenance and repairs, you have two options. You might choose aftermarket parts, which are made by parts manufacturers who have no relationship with the automaker who designed and built your vehicle. The other option is to use the same factory parts that were used to build your car. Those parts are referred to as OEM parts, which is short for original equipment manufacturer. OEM parts generally cost more than aftermarket parts but should always fit and work well.


3. Labor Costs Vary Greatly


The people who do the work to maintain and fix your vehicle could be paid significantly different rates. The factory-trained and certified mechanics at a brand dealership generally cost the most, while the perfectly competent mechanics at an independent shop generally cost less. According to the U.S. Bureau of Labor Statistics, the average hourly rate for labor for auto repairs is between $75 and $130.


4. Service Intervals Help With Planning


All vehicles come with owner’s manuals that show the annual maintenance and occasional repairs required to keep them running. The recommended service intervals help with planning and budgeting for maintenance and likely repairs. You can price the parts, materials, and potential labor costs well in advance of needing them.


When you need repairs and maintenance done, you can visit us to schedule service or get diagnostic work and the parts needed to take care of it yourself. Simmons Garage is here to help you.

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