Back to all

Economics of Maintenance for Ocala Auto Owners

February 26, 2016

Buying a new car in Ocala 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 Ocala 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 Ocala 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 Ocala, 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 Ocala:

  • 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 Ocala service advisor at Tuffy Ocala. 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.

Tuffy Ocala
2105 Southwest College Road
Ocala, Florida 34471
(352) 690-6111

More articles from Tuffy Ocala

Take Charge! (Battery Testing)

March 24, 2024

OK, so you probably take your vehicle's battery for granted. Turn the key or push a button and it starts right up. During times of warmer weather, you probably think your battery can take it easy. But it may surprise you to learn that hot weather can be much harder on a vehicle's battery than ... More

Have a Ball! Know your Ball Joints (Ball Joints)

March 17, 2024

We all have joints in our own skeletal system, but did you know your vehicle has some joints of its own? One of the most important is called a ball joint. One of the interesting things is that it's somewhat similar to the ball and socket joints we have in our hips and shoulders. A ball joint all... More

The Sign of the Shield (Heat Shield Repair and Replacement)

March 10, 2024

Even in the months where temperatures are cooler, heat is still an enemy of your vehicle. When your engine runs, it creates heat, so there are numerous heat shields that protect other parts from those higher temperatures. Heat shields are installed around several areas of the exhaust system. Ot... More