car maintenance costs by brand

car maintenance costs by brand

Car Maintenance Costs By Brand

We found that for the first 25,000 miles the average car costs $1,400 to maintain. Unsurprisingly, costs rise significantly up to the 100,000 mile mark, but taper off soon after. This is because maintenance costs simply top out, consumable parts are replaced, or drivers upgrade to a newer car once maintenance costs exceed the car’s value.
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Car Maintenance Costs By Brand

To do this, we examined how much it costs to maintain a car from 0 to 25,000 miles, then compared that to how much it costs from 25,001 to 50,000 miles. We estimated maintenance costs by distance by taking total costs for each mileage category, then dividing it by the number of oil changes. Assuming oil changes occur every 5,000 miles, we can find the cost of maintenance per mile.
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Car Maintenance Costs By Brand

When buying a new car, most people pay attention to the look of the car, how it drives, and how much it costs overall. However, many people don’t think to consider the cost of maintenance, but this is money that can add up over the years and change the overall pricing of your car. To help consumers take this into consideration, mobile car repair provider YourMechanic.com analyzed their data to find the car brands and models that require the most maintenance over time.
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Car Maintenance Costs By Brand

While luxury cars call for the most expensive maintenance, many budget vehicles rank relatively high. Kia, an entry-level brand, surprises with maintenance costs 1.3 times the median. In this case, sticker prices don't represent maintenance costs.
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Car Maintenance Costs By Brand

Out of pocket expenses Repairs — because repair records vary so widely, we base repair costs on an extended 5-year service warranty with $0 deductible. Repairs Maintenance — the costs to follow the manufacturer's recommended service schedule, based on national average parts and labor costs. Maintenance State Fees — items like license, registration and state sales tax based on nationwide averages. State Fees Insurance — the average insurance premium, including collision and liability, for your state (based on common limits and deductibles). Insurance Financing — assumes an APR of 1.99% for 60 months and a 10% down payment. Financing Fuel — the estimated annual cost to fill up, based on 15,000 miles per year and reflecting 45% highway/55% city driving using U.S. EPA mileage data. Fuel + = Loss in value Depreciation — the difference between what you paid and what the vehicle is worth at the end of 5 years. Depreciation The difference between what you paid and what the vehicle is worth at the end of 5 years 5-Year Cost to Own Hover to see more detail
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Car Maintenance Costs By Brand

Out of pocket expenses Repairs — because repair records vary so widely, we base repair costs on an extended 5-year service warranty with $0 deductible. Repairs Maintenance — the costs to follow the manufacturer's recommended service schedule, based on national average parts and labor costs. Maintenance State Fees — items like license, registration and state sales tax based on nationwide averages. State Fees Insurance — the average insurance premium, including collision and liability, for your state (based on common limits and deductibles). Insurance Financing — assumes an APR of 1.99% for 60 months and a 10% down payment. Financing Fuel — the estimated annual cost to fill up, based on 15,000 miles per year and reflecting 45% highway/55% city driving using U.S. EPA mileage data. Fuel
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Car Maintenance Costs By Brand

True Cost to Own®: Reveal the Hidden Costs of Car Ownership By Phillip Reed You’ve narrowed your choices to two new cars, but you can’t seem to decide which one is really the better deal. The purchase price of each car is nearly the same. The features are similar, and you like the way they both look. Still, a nagging feeling tells you that there must be a meaningful difference between them, even if it’s not readily apparent during the purchase process. Your intuition is right on the money. And now there is a new tool that reveals the hidden costs — all the costs — associated with buying, owning and operating a car over a five-year-period. It’s called True Cost to Own® (TCO® for short), and it is a revolutionary new consumer service provided by Edmunds Inc. Read Full Article
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Car Maintenance Costs By Brand

If you’re budgeting for buying and driving a new or used car, don’t forget about maintenance costs. The most expensive car can cost you more than 2.5 times in maintenance bills compared with the least expensive, according to a new study.
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The study implicitly makes the case for buying a new car and holding onto it for a long time. If you can escape major repairs (and regular maintenance helps with that), the $15,100 in estimated maintenance costs by the time the average car reaches 150,000 miles is less than half the cost of an average new vehicle today.
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Still, car maintenance is about much more than the median cost. Factors such as how well a car is maintained, how often it is driven, where it is driven, and how it is driven all affect maintenance costs. Your mileage may vary.
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But how much does it cost to keep a car on the road? First things first— what kind of car you drive? Each of these cars are different, some being low-mileage weekend cruisers and others high-mileage daily workhorses. With this data, we’ve been able to make determinations about which cars have the highest and lowest maintenance costs as the miles go up and up. We’ve also figured out what kind of maintenance become more common over time.
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Book a service600+ car repair, maintenance & diagnostic services at your doorstep.Get a quoteNot sure what your car needs?Use our easy diagnostic tool. We’ll guide you to the correct service or repair.Diagnose your carManage your car onlineTrack services, save quotes, get maintenance reminders & more.Join for free
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The Edmunds Inc. True Cost to Own® (TCO®) pricing system calculates the additional costs you may not have included when considering your next vehicle purchase. These extra costs include: depreciation, interest on your loan, taxes and fees, insurance premiums, fuel costs, maintenance, and repairs. Search here to view the TCO® of any vehicle.
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The Toyota (TM) brand and its gas-electric hybrid Prius are the winners in keeping maintenance costs low in the long run, according to data published on the website Priceonomics. The data comes from Your Mechanic, a service that will send mechanics to work on your car at your home or office.
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The most expensive thing most Americans own, after their house, is their car. On average, Americans spend 5% of their income on purchasing a car. Another 5% goes towards ongoing maintenance and insurance costs.
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It’s interesting to look at how certain brands change position between 75,000 to 150,000 miles. Some that are inexpensive up front have higher maintenance costs as their mileage increases – just look at how Hyundai and Kia drop down from the top of the 0 to 75,000 mile list. BMW, Mercedes-Benz, and other high-end brands remain among the most expensive to maintain, but Subaru impresses by actually increasing its rank as miles accumulate. However, Toyota and sub-brand Scion are among the least expensive to maintain when they’re new, and improve their cost-per-mile figures even as mileage increases.
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The 20 priciest car models in term of maintenance cost all require, at a minimum, a staggering $11,000 to maintain over 10 years. These estimates include expensive one-off costs, like a transmission rebuild, that skew the mean higher.
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Your intuition is right on the money. And now there is a new tool that reveals the hidden costs — all the costs — associated with buying, owning and operating a car over a five-year-period. It’s called True Cost to Own® (TCO® for short), and it is a revolutionary new consumer service provided by Edmunds Inc.
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Alex Leanse is a lead writer for yourmechanic.com, a car site dedicated to providing advice on how to keep your car running, and sending mobile mechanics to your home or office for maintenance and repair services.
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The true cost of owning a car goes beyond the sticker price. Maintenance, for example, is an expense that can add up quite a bit over time. However, your mileage will vary depending on the car.
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The more you drive your car, the more it costs to keep up and running. Besides just endless re-fueling, cars also burn through engine oil, brake pads, spark plugs, and timing belts, too. As your car racks up these miles it can fall victim to even more problems, like a bad starter motor, leaky radiator, or cracked engine mounts.
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On the high end, unsurprisingly, you find luxury brands like BMW and Mercedes. Over the first 75,000 miles, the BMW 328i is the most expensive model, with estimated maintenance costs of $11,800.
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Published on Jan 3, 2017 | Under Car | By michael ellis
| Jef-m
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