Cost Breakdown of Car Ownership and Auto Financing

Cost Breakdown of Car Ownership and Auto Financing

When considering auto financing in St. Peters , it’s important to understand the ongoing costs of car ownership. Here’s a breakdown of regular expenses and tips to save money after purchasing your vehicle.

Regular Car Ownership Expenses

Owning a car involves several ongoing costs:

• Fuel: The average American spends about $1,500 annually on gas, but this amount varies depending on driving habits and fuel efficiency.
• Maintenance and Repairs: Regular maintenance, such as oil changes and tire rotations, can vary in cost per year, depending on how much driving you do and the condition of your car. Unexpected repairs can add to maintenance expenses.
• Insurance: Car insurance averages $1,000 to $1,500 annually, depending on coverage and driving record.
• Registration and Taxes: These vary by state; in Washington, registration starts at $43.25, with additional costs based on vehicle weight and taxes.

How to Save Money on Car Ownership

To save on these expenses, consider the following tips:

• Fuel Efficiency: Drive sensibly to improve fuel economy. Consider carpooling or using public transportation when possible.
• Regular Maintenance: Follow your car’s maintenance schedule to avoid costly repairs. This includes timely oil changes, tire rotations, and brake checks.
• Insurance Discounts: Shop around for the best insurance rates. Look for discounts based on good driving records or bundling policies.
• DIY Repairs: Learn basic car maintenance tasks, like changing air filters or windshield wipers, to save on labor costs.
• Buy Smart: Choose a reliable, fuel-efficient car to minimize repair and fuel expenses.

At 5 Star Auto Plaza, we operate on “the Grandma Rule”: never sell anything that the customer doesn’t need while ensuring that they do not leave without things that they do, in fact, need. Our in-house financing options can help you save on monthly payments, regardless of your credit.

We also provide auto financing in St. Peters to help you get the car you want at an affordable price. Ready to save on your next car purchase? Call 5 Star Auto Plaza at (636) 940-7600 today for more inventory information, questions about our Buy Here Pay Here program, and more.