Perhaps as significant as the purchase price of a vehicle is, it’s equally important to consider how much one costs to maintain over a length of time. Cars and trucks are not cheap beasts by any stretch of the imagination, and after repairs, gas, insurance, and other costs are considered, they end up being one of the biggest expenses that a family or individual might have to contend with.
Wall St. Cheat Sheet spoke with a couple of representatives from dealers with makes spanning from Chevrolet to Mercedes-Benz, to determine just what the most common and costly vehicle repairs were. The answers were somewhat surprising — the major repairs that make or break the life of the car are no longer all that common, and precautions have been in place that make them less costly than before as well.
The good news is that the parties we spoke with all agreed that new cars are indeed far better than they’ve ever been, and largely, they don’t need repairs in the same way that they once did. Major labor-intensive needs like fixing a blown head gasket or other big overhauls that cost thousands of dollars either don’t happen with the same frequency or are often covered under expanded powertrain warranties, which is hugely beneficial for the buyer.
The bad news, though, is that maintaining a car is still quite expensive, no matter what make the vehicle is, thanks to all sorts of high-tech systems and additional features that aren’t cheap to maintain. Fortunately, armed with some pre-emptive knowledge ahead of time, you can now prepare for the kinds of havoc — routine or otherwise — that your car might throw at you.