How Much Will A New Vehicle Truly Cost?

Maintenance and Repairs

Another type of hidden cost that comes with purchasing a new car is the fees for maintenance and repairs. The maintenance and repair costs associated with newer vehicles tend to be lower, usually only requiring basic things like tire rotations and oil changes every six months or so. These costs can vary depending on the type of car and the rates charged by your dealership or local mechanic. As the car ages, these costs tend to go up, as older parts tend to get worn down and break more easily. In addition to these expected upkeep costs, there may be large costs incurred if a part not under warranty malfunctions. Before buying, make sure to research the average costs of maintenance and repairs for the makes and models you are considering. Different models from manufacturers sometimes have drastically different averages over the life of the car.

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