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Tips for Budgeting for Surprise Car Repairs

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Tips for Budgeting for Surprise Car Repairs
Vehicle repairs are a part of life. Often, they seem to become necessary at the worst possible time for the household budget. Skimping on maintenance and repairs isn’t an option, however: this could lead to more expensive problems that will tap your financial resources even further. A survey done by the American Automobile Association (AAA) found that one-third of drivers in the U.S. could not afford an unexpected car repair.

So how do you ensure that repairs won’t break your bank? Experts recommend a few tips that can help lessen the financial pressure when a surprise repair crops up.

Historical Precedent

How much did you spend on car repairs and maintenance last year? Once you’ve added up the total, divide this figure by 12 and ensure you’re putting this amount into a dedicated vehicle repair and maintenance savings account each month. You may want to add a little to the total each year as your vehicle ages in anticipation that it will require more service as it gets older. Likewise, if you’ve recently purchased a new vehicle that is still under warranty, or you’ve been extremely careful in observing mileage-based service appointments, you may be able to adjust this monthly figure downwards.

The AAA has recommended that vehicle owners save at least $50 per month, per vehicle, to cover routine maintenance and unexpected repairs. Obviously, if you drive a very expensive or rare vehicle, this figure will need to be increased.

Adjust for Your Vehicle’s Make and Model

Different vehicles will have different needs when it comes to repair budgets. If you drive a hybrid or electric vehicle, for example, your repair needs may look very different. To arrive at a more precise budget for your repair needs, look up your vehicle’s average maintenance costs. Research-based on your vehicle’s year, make, and model will help you better anticipate your service expenditures.

Consider Taking Advantage of Financing

Many auto service providers offer financing, which will allow you to pay your repair costs in a way that will fit your budget and won’t hurt your credit. You may also want to find a trusted warranty partner that will help you stay abreast of routine maintenance so you can avoid unexpected breakdowns that might result in large repair bills. Many financing programs will also offer special perks like maintenance specials to members.

Choose the Right Service Provider

Having a trusted vehicle service partner can ensure that you’re not getting overcharged for unexpected repairs. Choose a provider that offers a transparent quote process and a wide range of services so you can have your vehicle’s needs taken care of in one visit.

Tire Country of Enfield, Inc. is an experienced Connecticut auto repair center and tire dealer. It offers a full range of services, including axle, CV joint, and driveshaft repair, belts and hoses, brake repair, climate control systems, diesel engine repair, engine diagnostics, exhaust system repair, and four-wheel drive repair, among other services. Tire Country offers a multichannel customer communications experience, including online scheduling and a transparent quote process. 

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