Own a Car? 4 Major Repairs You Should Save for Ahead of Time
Owning a car means having to make repairs from time to time. However, some repairs cost considerably more than others. For these expensive and unexpected problems, it’s a good idea to keep extra money on hand so that you have it when you need it. Here are four of the major repairs all vehicle owners should save for ahead of time.
Transmission Replacement
Your transmission is one of the most important parts of your car, and it is also one of the ones that is most expensive to replace when it goes bad.
Replacing a transmission can cost anywhere from $4,000 to $8,000. If you want to be sure that you stay on the road, be sure to save back some extra money in case you need your transmission to be replaced.
Replacement Tires
Though tires are expected to wear out over time, that doesn’t mean you’ll spend any less money when you need to buy a new set of them.
Some vehicle owners try to get away on the cheap by replacing one tire at a time, but this produces uneven wear and can lead to other problems.
If you make the effort to save a few hundred dollars for a new set of tires before your current ones end their life cycle, though, you should have no trouble getting a completely new set.
Replacing a Cracked Windscreen
Most car owners don’t think of their windshields ever needing maintenance, but every car’s windshield is only a stray rock or a large hailstone away from requiring repair or replacement.
To keep things less expensive, you can try windscreen repair before going for a full replacement. Small cracks and chips can be repaired fairly easily, but a larger crack that runs through a significant portion of your windshield will likely call for replacing the glass altogether.
Engine Rebuild
Your car’s engine is its most important part. When an engine goes bad, it’s usually cheaper to rebuild it to replace it altogether.
However, an engine rebuild can still cost as much as $2,000, even if no unusual problems come up.
For this reason, it’s always wise to have some extra money set aside in case your engine needs rebuilt on a short time table.
By saving for these four high-priced repairs, you can make sure your car stays on the road and remains in good condition.
Keep in mind that you don’t have to set the money aside for these repairs aside all at once, since they are fairly infrequent.
If you start saving a bit out of every paycheck toward future car repairs, you’ll more than likely be ready when the time comes.
Category: Family Finances
