Paying the Mechanic
According to Consumer Reports Magazine, if you are thinking about buying a new car this year you should factor in a number of costs above and beyond the sticker price of the car, such as
- the loan interest rate,
- depreciation,
- fuel economy and
- typical maintenance and repair expenses.
The average car’s maintenance and repairs should run about 4 per cent of the total cost of the car over a five year. Using this method, the magazine released their picks for the top 10 most expensive cars for maintenance and the 10 least expensive cars to maintain. Interesting list and even more interesting is that my car is not on either list.