Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here.
When shopping for a new or used car, the price tag is something that many of us haggle over to get the best deal.
But the sticker price is only the beginning. Another crucial factor you have to consider is the amount of money you’ll spend on maintenance and repairs over time.
The team at YourMechanic.com analyzed data on the cars they have serviced and calculated the median cost by brand.
BMW and Mercedes-Benz were the most expensive to maintain over 10 years, according to the data. Toyota, on the other hand, was the most economical manufacturer, costing about $5,500 to maintain over a decade.
Ford, Chevy and Dodge all ended up somewhere in the middle.
YourMechanic.com found that even within a certain brand name, some models were more expensive to maintain than others. The median cost to keep Chrysler’s Sebring running for over 10 years was more than $17,000!
Toyota was really the standout in this study. None of its models made the most expensive list. In addition to the Toyota models that fared well, Kia’s Soul and Honda’s Fit also had low maintenance costs.
New vehicles, on average, will cost a driver $1,186 per year to maintain and repair, according to AAA. One recent survey found that one-third of U.S. drivers could not afford an unexpected repair bill.
This post was last modified on October 7, 2020 11:19 am
Deciding to save and invest are great habits. But once you check that box, your…
If you're considering subscribing to Fubo, you need to be comfortable missing out on some…
Are you looking for a way to earn 2% back on every purchase you make…
You're not alone if you're running a balance on your credit cards. Collectively, Americans are…
A big part of saving money comes down to knowing how to comparison shop. But…
If you work for a big company as a full-time employee, chances are you have…