Most any driver on the road has experienced car trouble. Whether a blown tire, a broken ball joint, or a blown head gasket, we've all been forced to deal with unexpected vehicle maintenance. However, a new study conducted by AAA found that exactly one-third of drivers in the U.S. would be unable to afford an unexpected vehicle repair without going into debt
The study found that the average repair bill can cost a driver between $500 and $600. But this issue can vary greatly depending on the repairs being made. Major engine and transmission repairs can cost thousands of dollars. Even without repairs, the annual cost of owning a vehicle is now hovering around $8,500.
"Millions of Americans are failing to set aside a car care fund to pay for the upkeep of their cars," said John Nielsen, AAA’s managing director of Automotive Engineering and Repair. "To avoid a surprise down the road, drivers should budget for monthly payments, insurance premiums, fuel costs and the inevitable expenses of routine maintenance and repair."
Nielsen also stressed that many car problems are preventable with routine maintenance. This includes regular oil changes and tune-ups.
"Anticipating your vehicle’s needs before problems strike is important," Nielsen said. "While it may seem that skipping maintenance and repairs can save money in the short term, staying on top of car care can save drivers hundreds of dollars in the long run."
AAA recommends motorists who run into repair problems should take several steps:
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