Once upon a time, buying a new car may have sounded like a dream come true, but keeping your car through the "Cinderella Era" can mean more gold at the end of the rainbow, says the non-profit Car Care Council.
"The smartest way to get a solid return on your vehicle investment is to keep your car through what we call the 'Cinderella Era.' That's the period of time after the payoff when your car is still in great shape and needs only modest repairs," said Rich White, executive director, Car Care Council. "With proper care, the typical vehicle should deliver at least 200,000 miles of safe, dependable performance, and that's no fairy tale."
By simply allocating the equivalent of just one new car payment, motorists can cover an entire year's worth of basic maintenance and live happily ever after with their current vehicle. The most common maintenance procedures and repairs to keep a car operating safely and reliably while maintaining its long-term value involve checking the oil, filters and fluids, the belts and hoses, brakes, tires and air conditioning. The council also recommends an annual tune-up and wheel alignment.
"Whether it's an oil change, replacing brakes or new belts and hoses, that periodic repair bill is a drop in the bucket compared to monthly payments on a new car," said White. "The end of the story is that a properly maintained vehicle is safer, more dependable, more fuel efficient, less polluting and more valuable."
Source: Car Care Council