Q: Do you know how much it costs you to drive from Point A to Point B?

Consider this when you need to spend $1,000 in maintenance or repairs to prolong the useful life of your vehicle:

• The average new car now costs around $25,000+, so even with a substantial down payment (or trade in) of $5,000, financing that car at 9% interest over 4 years runs $497.00 per month.
• The average full coverage insurance policy costs around $85.00 per month. (We won’t even mention the addition cost of license plates.)
• Most people drive an average of 15,000 miles per year, which comes to 60,000 miles in 4 years. That mileage requires an average of $1,616 in maintenance over 4 years, which comes to $34.00 per month.
• Based on these averages, driving costs you $616.00 per month, or $7392.00 per year, not counting tires or gas! (And that’s after paying $1400.00 in sales tax!)

A: Driving from point A to point B costs you $29,568.00 over 4 years.

Compare this spending $1,175 in maintenance:

• For $1,175 or an average of $58.34 per month, maintenance and repairs will ad another 24 months and/or 30,000 miles to the life of your vehicle!
• You can’t rent, lease, beg, borrow or buy a vehicle to use for $58.34 per month!

Compare this to buying a $25,000 new car:

• Over 24 months a new car will cost you $14,784.00 with an average monthly cost of $616.00, plus $1400.00 in sales tax! Would you rather spend $1400.00 for taxes or $1400.00 for repairs and maintenance to get another 24 months and/or 30,000 miles out of your car?
• Keeping your vehicle well-maintained will save you $14,784.00 over 24 months. Wouldn’t you rather use that $14,784.00 to realize your dreams for retirement or pay for your children’s education?

*May vary depending on your individual transportation requirements. If you have more than one vehicle, multiply the above accordingly.

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