This week, we’re excited to share a guest blog from our friends at Members Auto Choice.
Deciding on which vehicle to purchase can be a long, dutiful process. There are countless variables that come into play. Dependability, fuel economy, and easy maintenance are the most common needs for consumers. However, when people do their shopping, time and time again they end up way outside their budget for the sake of extras they want. Suddenly, it becomes more about what they want rather than what they need. Their emotions quickly take over, and they lose sight of what they need, and more importantly, what they can afford.
We all love high-end luxurious cars, but what do they really cost? It’s not just the price of the monthly payment that needs to be considered. On higher end cars, there are many other variables to consider which affect the total cost of ownership. Maintenance, for example, is almost always more costly on older model higher end vehicles. This is due in part to the higher cost of the replacement parts as well as the absolute need to go to a trusted, ASE certified mechanic. A trusted mechanic is much more important with these types of cars than with others. Generally they specialize in specific brands and the term specialist indicates additional training and education. For consumers, this means additional costs. Being specialists also indicates they will guarantee they have the skill set, parts, and man-power to get the job done in a timely manner. With guarantees like this, it’s easy to see why it will cost more to maintain more expensive higher end vehicles.
The simplest of maintenance, such as an oil change, can be used as a perfect example of cost differences. A Mercedes-Benz C class costs $220.00 at some places for a service you will need done every 3000 to 5000 miles. A Ford Fusion of the same year typically will cost around $40.00. The price difference of such maintenance increases alongside the complexity of the repair job or regular maintenance or service you need. A Mercedes head light replacement can average $1000 a set, where as a Ford generally averages about $400 a set.