Oklahoma City Auto Repair

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The forgotten factor of car buying

How Repair Costs Influence Car Buying Decisions

When you’re in the market for a new car, the sticker price is an obvious factor to consider. However, savvy buyers know that the true cost of owning a car includes much more than the initial purchase price. One of the most significant ongoing costs is repairs and maintenance. Understanding how these costs can affect your overall financial commitment is crucial when selecting a vehicle.

The Long-Term View

A car that’s a bargain at the dealership might not seem like such a great deal when it’s in the shop every other month. Before you buy, research the average repair costs for the make and model you’re considering. Some brands are notorious for high maintenance costs due to the price of parts and the complexity of repairs. Others have a reputation for reliability and lower-than-average repair costs.

Warranty Wonders

A new car will typically come with a manufacturer’s warranty that covers most repairs for a certain period. This can significantly reduce your repair costs for the first few years. However, once the warranty expires, you’re on the hook for the costs. If you’re considering an extended warranty, weigh the upfront cost against the potential savings on future repairs.

Resale Reality

Cars that are expensive to repair can also suffer from lower resale values. Potential buyers might be put off by the prospect of high maintenance costs, which can force you to sell the car for less than you might otherwise. Choosing a car with affordable repair costs can help maintain its value over time.

Insurance Insights

Some cars cost more to insure, partly because they’re more expensive to repair. Sports cars and luxury vehicles often fall into this category. When budgeting for your new car, make sure to get an insurance quote so you’re not blindsided by high premiums.

Budgeting for Breakdowns

No matter what car you choose, setting aside money for repairs is wise. A good rule of thumb is to save a portion of your car payment each month for maintenance and unexpected repairs. This can help cushion the blow when you do face those inevitable repair bills.

The Bottom Line

The cost of repairs is a vital, often overlooked factor in the car buying process. By considering it alongside the purchase price, you can make a more informed decision that will serve you well for years to come. Remember, the cheapest car at the dealership might not be the most economical choice in the long run.

Let us help you

Our team at Milex Complete Auto Care - Mr. Transmission is happy to help you, even if we only need to answer questions. You can visit us at 3900 N Williams St. in Oklahoma City to talk with one of our experienced mechanics or call us at 405-942-5523 if you do not have time for a face-to-face visit.

No matter how you approach your car buying decision, it is the second most expensive thing most Americans will buy (repeatedly) in your consumer lifetime, so be careful out there. :)

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