Used Car Shopping
There’s no doubt that when it comes to buying a used car you want one that not only has a reliability record that is above average compared to similar models, but more importantly passes a careful inspection by a trained mechanic or DIY car enthusiast who knows engines and which ones to avoid.
However, there’s another crucial factor to take into consideration: “What’s it gonna cost to keep that used heap running?!” And this is not something to take lightly.
Related article: Used Luxury Cars Shoppers Don’t Look For…But Should!
The Parts Problem
In fact, one of the perils of used car ownership is that of finding parts for your used car. According to recent news, as new car models---especially Electric Vehicles---are the new focus of manufacturing, automakers are not manufacturing and keeping spare parts for their previous models in stock like they used to.
The result of this is that car owners and mechanics are having to turn to scavenging used parts from other vehicles in order to keep another running.
And even if you are fortunate to find the part(s) you need, it is going to cost you more to buy that part today than it did even one year ago. Which is why if you are shopping for a used car, you will also want to know what the expected cost of maintaining that vehicle will be.
Used Cars That Cost the Most to Maintain
The fortunate news is that the good people of Consumer Reports have recently answered that question by digging into their customer survey database and found out what car owners for a wide range of vehicles are having to pay yearly to maintain their 5-year-old and 10-year-old vehicles.
The 5-year mark was chosen as the starting point due to this is when the majority of warranties have typically expired, and the used car owner is the one footing the bill for all maintenance and repair costs. The 10-year mark was included as a comparison due to that the data shows this is a significant milestone where maintenance and repair costs begin to skyrocket.
Related article: Why Car Maintenance and Repair is So High Today, Says This Mechanic
That said, here is the CR analyst listing that will provide “…an insight into the expenses owners will incur over the life of their vehicle” as well as let you know what to factor in toward repair and maintenance costs when shopping for a particular used car make.
Cost of Car Ownership
This listing is presented in order from the average annual costs most expensive to the least expensive 10-year-old makes when it comes to car ownership with each makes’ listing cost presented at 5 years and 10 years respectively:
#1. BMW: $201 and $911
#2. Audi: $244 and $840
#3. Mercedes-Benz: $490 and $817
#4. Volvo: $373 and $616
#5. Mini: $280 and $508
#6. Volkswagen: $247 and $422
#7. GMC: $269 and $420
#8. Acura: $288 and $419
#9. Jeep: $182 and $400
#10. Subaru: $223 and $397
#11. Dodge: $229 and $384
#12. Infiniti: $198 and $380
#13. Chevrolet: $152 and $377
#14. Ram: $233 and $367
#15. Lexus: $219 and $365
#16. Honda: $197 and $355
#17. Ford: $163 and $344
#18. Kia: $166 and $333
#19. Nissan: $175 and $324
#20. Hyundai: $189 and $307
#21. Lincoln: $116 and $306
#22. Mazda: $209 and $302
#23. Chrysler: $150 and $300
#24. Toyota: $183 and $298
#25. Buick: $121 and $244
#26. Cadillac: $106 and $225
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Timothy Boyer is a Torque News automotive reporter based in Cincinnati. Experienced with early car restorations, he regularly restores older vehicles with engine modifications for improved performance. Follow Tim on Twitter at @TimBoyerWrites for daily new and used vehicle news.
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