There is more to driving expenses than how much fuel runs through your tank each year. Many factors like maintenance, insurance, and taxes must be factored in to get a good image of what your yearly vehicle expenses really are. Here is a list of expenses that the average driver incurs every year, along with how to keep yours to a minimum:
Fuel is a significant part of your driving expenses, costing the average sedan driver over $1,200 over the course of 10,000 miles in 2010. A well-maintained car will be on the low end of that figure, and a hybrid or other highly efficient vehicle will have gas expenditures well below average.
Every vehicle needs some regular maintenance. Consider what services you will need over the course of each year to determine your vehicle budget. For example, calculate the cost of replacing tires for your car, along with the price of installing them. Knowing a good mechanic with low prices and convenient insurance cooperation can save a lot of money.
Insurance costs for a solid policy on a good driving record come to somewhere around $1,000 each year. You should also consider any extended warranties or auto club fees in your insurance expenses. Shop around for the best deal, which is not necessarily the cheapest, but the most comprehensive and convenient service for the money.
For the first several years, owning a car will mean making regular loan payments. Taxes and registration fees will also need to be paid for the life of your car. Another expense that many owners overlook when calculating car expenses is the cost of parking. Take into account any parking passes or regular meter fees at work or an apartment complex.
Maintaining your car is one expense that can help you to lower many other costs. At A-1 Auto Tech, we can ensure that your car runs efficiently and help to avoid larger repairs. We work closely with many insurance carriers and AAA, guaranteeing our work for 2 years or 24k miles. Call (650) 265-4085 or contact us online for more information.