With the advancement of car technologies and systems and improved maintenance techniques, modern vehicles now last longer. S&P Global Mobility 2022 research data found that the average age of light vehicles in operation (LVIO) in America is 12.2 years, two months longer than the previous year. However, a longer life span also comes with more car issues that need fixing.
As your car ages, its components will undergo wear and tear. You’d experience frequent mechanical and electrical issues with old and used cars, including sagging suspension, faulty switches, and worn-out brake pads.
Hence, it is necessary to have used cars brought in for routine maintenance and repair. If you require financial help with car repairs, continue reading the article below.
Statistics On Average Car Repair Costs
Diagnosing and repairing your vehicle can cost anywhere between a few hundred dollars to thousands. Additionally, major car issues can cost more and take longer to fix. Below are some statistical data on the average costs for a car repair.
- AAA estimates that average car repair costs range from $500 to $600.
- Depending on your car’s components, model, and age, you can expect to pay between $100 and $1,000 a year for car maintenance. Maintenance costs for newer vehicles are around $792 per year.
- Car repairs can be expensive, even for minor ones. For instance, replacing your bumper can cost you at least $900.
- 39% of Americans cannot afford an emergency $1,000 expense, whether it’s a car repair or an unexpected medical bill.
How To Save Money On Car Repairs
Whether a newer or an old model, all vehicles eventually require repair and maintenance. As a result of advanced systems and technologies, modern cars require less maintenance and repair.
However, only 6% of Americans own a brand new and latest model automobile. Here are some ways to reduce car repair expenses if you are a car owner of used or older model vehicles.
Do The Repair Yourself
Changing oil filters and replacing tires is simple maintenance and repairs that can usually be performed in your garage. This will allow you to save time and money.
Never Skip Routine Maintenance
You can keep your vehicle in good shape by maintaining it regularly. When regular maintenance is overlooked, repairs can become far more expensive than they should have been.
Check For Warning Signs
All vehicles are designed with warning lights that could inform owners of any critical issue regarding their vehicle. Once you spot a warning sign, immediately consult a professional to inspect and repair the issue.
Government Grants And Organizations That Help Pay For Auto Repair
According to a recent survey, 1 in 3 Americans, or 64 million drivers, cannot afford car repairs without incurring any debt. Most car owners must be financially capable of paying for unexpected car repairs. Fortunately, several car repair assistance programs can help get your car fixed.
Consumer Assistance Repair Program
Qualified drivers can receive financial aid for emissions-related repairs as part of the Consumer Assistance Program (CAP). Owners of vehicles manufactured in 1996 or later that failed the Smog Check.
Inspection may be eligible for up to $1,200 in repair assistance, provided the vehicle would be repaired in a STAR repair-and-test station. On the other hand, those who own 1976 to 1995 car models may qualify for car repair assistance funds worth $900.
This nationwide program helps low-income individuals who require a vehicle to get to work by providing financial assistance for necessary car repairs. Aside from donating used cars to qualified applicants, they also offer free car grants for single moms.
Additionally, suppose you are a working student, an employee in training, or currently taking a vocational training course. In that case, you may be eligible to receive car repair grants ranging from $1,000 to $8,000.
Job Access And Reverse Commute (JARC) Program
The Job Access And Reverse Commute Program is a state-funded project that helps residents of rural areas with car repairs. This initiative provides funding assistance for tire and brake pad replacements and free auto repair services for common electrical and mechanical issues.
Car Repair Grant
COVID-19 pandemic-affected families who need to repair or maintain their vehicles are eligible for a Car Repair Grant. This project offers one-time grants to families requiring a vehicle for their work or job hunt.
Those who qualify for car repair grants must submit an estimated amount for the car repair services they wish to avail. Once the necessary documents are submitted, and the estimated amount is approved, repair and maintenance can begin.
Qualified applicants can receive a maximum vehicle repair grant of up to $1,000, which will be paid directly to the car repair shop.
If you are considering moving and buying a house in Chicago, check out this article by Gov Relations on Chicago first-time homebuyer grants.