Posted on 7/30/2023
Proper car maintenance is essential for safety and performance purposes. The annual service is expected, but many repairs and replacements of car parts are abrupt and expensive. The best way to ensure your car's maintenance stays on point is to budget for it. The following are tips on how to budget for car maintenance: Develop An Estimate The first step to creating a budget for car maintenance is to come up with an accurate estimate of how much it takes to maintain your car. Therefore, you should collect all the car's maintenance records for the past year or two. Find out what you spent in total in the past year on car maintenance and divide it by twelve to get the average monthly car maintenance expenses. For example, if you spend $3,000 on car maintenance in the past year, your monthly expenses will be $250. That will be your monthly budget for car maintenance. Evaluate Your Car's Condition You may have a monthly budget, but the state of your car that determines how ... read more