Every car requires some level of cost. A new car may not have maintenance cost, yet it does have a finance cost. Older “owned” vehicles normally do not have a financed cost, yet they do have a maintenance cost.
Routine maintenance can be a difficult task to address; however, there can be disastrous consequences for not repairing a minor issues. The old adage, an ounce of prevention is far better than a pound of cure is true when dealing with older vehicles.
In some cases, the maintenance cost on an older vehicle can be as much or more than the cost on a newer financed vehicle. City Classic Cars, recommends performing routine monthly maintenance and budgeting for moderate repair expenses on a quarterly basis.
Tip 1- Routine Maintenance of the Car Monthly- These are those basic cost which are less than $50. These are expenses such as oil changes which normally cost less than $30, periodic car washes which cost less than $20, Windshield Wipers which cost less than $20 and many other minor expenses for older cars.
Here is a list of important maintenance basics:
Change Air Filter
Another way to keep your car well-maintained is to wash it frequently. Regular washing and waxing helps maintain your car’s value as well as appearance. Vehicles with oxidized paint or a rusty body cannot be economically restored. Remember to also consult your owner’s manual.
Tip 2- Planned Maintenance of the Car on a Quarterly basis-
City Classic Cars recommend accessing a budget for more moderate expenses on a quarterly basis. These are expenses that cost greater than $100 - $300. If you are regularly, spending greater than $500 per quarter, it may be best to replace your older vehicle for one with a less costly maintained requirement. We recommend, budgeting $300 a quarter or about $1, 200 a year for maintenance of a vehicle greater than 10 years of age. Moderate expenses are items such as:
Every vehicle has a related cost. By planning for reasonable expenses, the owner of an older used vehicle can keep it running smoothly for years. For more information of how to keep your car running smoothly visit the weekly blogs at City Classic Cars.