If you enjoy reading about cars and other related topics, we’d love to share our Auto Care Blog with you. At CARS of America, Inc., our highly trained auto mechanics deliver the very best in auto repair services through our two locations in Glenview. One way we accomplish that is in the time we take to help educate our customers so they feel confident making auto repair decisions. Our Auto Care Blog is just one way we meet that goal. Let us know if there’s a topic you’d like to hear more about!

 

How to save 66% on annual cost of Vehicle ownership

                     How to save 66% on the annual cost of ownership of your vehicle!

You can lower your annual vehicle cost of ownership by 66% without filling your own tires or changing your own oil. By following the method outlined in the  University of Michigan's report titled Report No. CSS04-01 which can be found at

 http://css.umich.edu/sites/default/files/css_doc/CSS04-01.pdf 

 Warning! this report is 94 really dry and boring pages. The good stuff is on pgs. 21 & 22 and 32 & 33

Executive summary:

In the Uof M's study example a 2000 model year, generic sedan cost $20,000 to buy and cost $5,300 per year for depreciation, taxes and fees 

  • If we jump forward to 2020, an average-priced 2020 model vehicle costs $38,000, plus, in Cook county, $3,800 sales  plus dealer fees etc. Using the depreciation percentages listed on the  schedule on page 21 of the study, a $38,000 vehicle looses $29,000 in the first 5 years plus more that $3,800 in tax and fees, or approx $6,700 per year for the first five years. You can avoid losing $6,300 per year f by buying or keeping  that five year old used vehicle instead of selling it.
  • At about ten years old, large failures start happening on your used vehicle purchase, like engines and transmissions
  • So, the bottom line is; buy or keep a five year old, used vehicle, with fifty to seventy five thousand miles on it, well maintained, as evidenced by its service history andBring it to us for a pre-purchase inspection. . We guarantee that we will save you double the inspection cost on the purchase price, plus the peace of mind knowing you didn't buy the used car from hell.

 

 

for more details or to make an appointment, call  our number or click the appointment button

If You Are Using A Screen Reader And Are Having Problems Using This Website, please call Glenview (847) 724-6724 For Assistance.
Scroll to top