How do you know if it’s time to change vehicles … sell that old steed and buy that new thoroughbred you’ve been eyeing? If you are analyzing your personal situation from a pure cost standpoint, you would be money ahead keeping your current vehicle – and continuing to maintain all critical wear components. If cost is not a factor and you are hankering for a new steed, then follow your heart. However, it’s those in-between situations that are most difficult to decide. For those situations, here are a few car facts provided by the folks at Consumer Reports:
• Depreciation (vehicles loss in value): This is the largest single ownership cost during the 1st six (6) years of a vehicle’s life.
• Ownership costs for years 6, 7 and 8 combined are about equal to the vehicle’s 1st year cost of ownership.
• Fuel and depreciation account for 72% of ownership costs during the first 6 years, while taxes (3%), maintenance/repairs (4%), insurance (10%) and loan interest (11%) account for only 28% of total costs.
So, if your have been consistent in maintaining your old steed and still love the ‘ole girl, don’t put her out to pasture just yet…her most cost effective years may still be ahead of her! A visit to an Honest and Accurate, ASE-Certified auto repair shop can help you make sure those maintenance and repair costs remain a low part of your future car ownership costs.
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Jenny with Honest Auto was more help than my actual insurance rep. The communication was fantastic & she put her foot down with my insurance and part ordering. I knew everything that was going on while they repaired my car after someone broke in. After the tow I didn't have to worry about a single thing, Jenny ran the show. They got me a new window, switches, fixed my airbag, and replaced all my bulbs for me. They even cleaned out the broken glass. I am so appreciative for everything she did & the labor everyone put in to get my car back on the road when insurance just gave me the finger. THANK YOU SO MUCH
Fantastic service and absolutely lived up to honest and accurate. Had been told by another shop that I needed an intake manifold gasket leak fixed. But honest and accurate was honest - and told me what was accurate: Nothing was wrong. Saved me a ton of money that I was able to use for other repairs- and those were hundreds cheaper than what the other shop had quoted. Highly recommend my new mechanics to you!
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