Between rising material costs and supply chain disruptions, securing a car in 2022 is no easy undertaking.
New ones can come with months-long waiting lists, while the cost of the average used car has doped by more than 40% since 2021.
Due to availability issues, lightly used car models like the Mercedes-Benz G-Class (DDAIF) and Chevrolet Corvettes may currently cost more than their new counterparts.
With the average American buy a new car every six years, fender-benders and those early breakdowns are often a harbinger that a swap should be on the horizon.
But for those who already own a vehicle, doing some repairs yourself can be an easy way to save a lot of money.
“Used car prices have been so high because supply and demand are so skewed right now,” Richard Reina, director of product training at auto repair platform CARiD, told TheStreet. com.
“If you have an older vehicle and are considering replacing it, a viable alternative is to keep your car and learn how to do some of that repair work yourself and then have a car you can continue to use. conduct.”
Accustomed to the car workshop? Try to buy the parts yourself
By comparing the cost of parts to the prices of some of the most popular auto repairs in the northeast, Reina found that purchasing the necessary parts, tools and chemicals could save owners up to 85% compared to a mechanic.
Although not everyone has the skills or the free time to do it, those who enjoy tinkering with cars can save a lot of money.
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Currently the most popular car in America, the Ford F F-150 would cost an average of $244.50 for a front brake pad replacement on a 2017 model year.
Buying parts online and having them repaired would cost $209.40 while parts alone would cost $62.70.
Replacing a spark plug on a 2015 Honda Accord EX-L with a 3.5L engine would cost the auto shop an average of $246 while parts would only cost $30.41.
Buying your own parts and bringing them to the store will save almost $80 because, according to Reina’s calculations, that would total $168.17.
How much will I save on this Honda, Tesla or Chevrolet?
Replacing the fuel injectors on a 2012 Volvo S60 (VOLAF) with a 2.5 liter engine would cost $1,079.50 at the auto shop, $608.93 at the auto shop with your own parts, and $295.87 when doing it yourself.
Repairing a wiper blade on a 2019 Toyota Highlander (TOYOF) would average $91.50 at the store, but $20.91 for parts. Buying the parts and bringing them to the store would cost $41.96.
More expensive cars will naturally have more expensive parts, but even a luxury EV can be the source of significant savings since EVs do not have internal combustion engines and do not require the more expensive repairs associated with them.
A front brake pad replacement on a Tesla Model 3 (TSLA) – Get the Tesla Inc report would cost $66.91 when purchased online or in a store.
“Whether it’s oil changes, valves, or fuel pumps, you’ll never need anything that drives the engine, radiator, or engine coolant,” said Queen.
“So many of the repairs that ultimately have to be done on a gasoline engine will simply never show up in an electric vehicle. There are some pretty significant savings to be made by driving an EV.”