Back to all

Economics of Maintenance for Dexter Auto Owners

January 17, 2021

Buying a new car in Dexter 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 Dexter 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 Dexter 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 Dexter, 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 Dexter:

  • 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 Dexter service advisor at Charlie's Fast Lube Dexter. 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.

Charlie's Fast Lube Dexter
414 N 1 Mile Rd.
Dexter, Missouri 63841
573-614-7886
https://charliesfastlubedexter.com

Need Service?

Request a Quote

More articles from Charlie's Fast Lube Dexter

Always on Guard (TMPS)

March 24, 2024

One of the most important things you can do to keep your vehicle running safely is to make sure your tires are properly inflated. If one or more is vastly over- or underinflated, that has the potential to cause major handling problems and may result in a dangerous accident. All vehicles in recen... More

Power Failure (Broken Power Seat)

March 17, 2024

Know anyone who doesn't love a power seat in an SUV, a car, truck or van? They're convenient and precise in their adjustments. But when they break, oh, what a pain. Not only is it inconvenient, it may leave your seat position too close to the steering wheel or too far from the pedals. This is ... More

ICE - In Case Of Emergency In Dexter Missouri

March 10, 2024

When accidents occur in Dexter, Missouri, the victims' emergency contacts are extremely important. Too often, those involved aren't able to provide rescuers with phone numbers and medical information.When Missouri police and rescue workers must sift through pockets, glove compartments, wallets, ... More