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Economics of Maintenance for Willoughby Auto Owners

Posted January 20, 2019 10:34 AM

Buying a new car in Willoughby is always a big financial decision. The allure of that new car smell is powerful, to be sure. But what if your current car is still in good shape? How do you decide?

People in Willoughby who've been used to driving a new car every three to five years may be having second thoughts in this economy. For many, the question is, how does the certainty of a new car payment stack up against uncertain repairs for a car that may be out of warranty?

For purposes of our discussion, let's assume you live right here in Willoughby and have a five year old vehicle. It's now paid off. If you keep it, you fear that there'll be some repairs over the next five years, but you really don't know what to expect. For help we turned to maintenance and repair information for cars and trucks. With this data, they project likely service and repair costs for a particular make and model. They're able to use manufacturer's maintenance schedules and repair histories for the projections.

Of course, these projections can't predict what will happen to your vehicle in Willoughby, but they do give you information to use in your decision.

Let's look at the numbers for a five year old Toyota Camry V-6. In this example, the combined maintenance and repairs for the five year period is $5,748. This works out to an average of $96 a month. The year-by-year averages range from a low of $49 a month to $124 a month.

So compare $96 a month with a new car payment. And it's actually better news than that; you would still have maintenance expenses with a new car, so the repair element could be less than half that figure.

Here are numbers for some other five year old vehicles from around Willoughby:

  • Ford Escape - $116 a month
  • Chevy Silverado - $131 a month
  • Jeep Grand Cherokee - $138 a month
  • Hyundai Accent - $85 a month.

Now, if your vehicle is older than five years, have a chat with your Willoughby service advisor at Lakeside Certified Auto. We see hundreds of vehicles through our bays every month and we know your car. See if there's any particular problem in common with your vehicle that you might see over the next couple of years.

And of course, the best way to keep future repair costs down is to take care of all your scheduled maintenance. This is especially important in older vehicles that have had time to accumulate some deposits.

There are special motor oil formulations that help clean older engines and protect and recondition their seals and gaskets.

We hope this eliminates some of the unknowns in the decision to keep or trade.

Give us a call if you have any questions.

Lakeside Certified Auto
38525 Lakeshore Blvd
Willoughby, OH 44094
(440) 946-0076
http://www.lakesidecertifiedauto.com



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  • reviewicon
    , 03/05/2024

    Good honest folks! Very pleasant and very informative and VERY helpful!

  • reviewicon
    , 01/07/2024

    Awesome shop. Had work done on my 2016 KIA a few times and the work was exemplary and the cost was reasonable. I highly recommend!

  • reviewiconTires, near Willoughby, OH
    , 12/11/2023

    Great service! Very conscientious and highly communicative with car owner. Had tires replace at 71K miles. Tech called about needing rear brakes and rotors. Provided cost and I immediately approved. Picked up SUV a little later. These are great technicians and very honest. I highly recommend and will be back.

  • reviewiconTires, near Willoughby, OH
    , 12/13/2023

    I been having my car worked on there for quite a few years now. My son's child hood friend work there. He a 5 star mechanic. The business there is top notch. The price is very good. I come all the way from the Westside of Cleveland to Willoughby Ohio because it's hard to find a good mechanic shop.

  • reviewicon
    , 11/30/2023

    This was my first visit to this neighborhood business and we were very impressed. They checked my concerns, found nothing wrong, and we weren't charged. What I needed would have required a fair amount of time and effort ... no charge! We will definitely return for any service needs for our 2 cars. Thank you Lakeside Auto.

  • reviewicon
    , 11/18/2023

    Used to live nearby, moved 30 miles east and still make the trip because of fair prices and honest service I trust.

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