Owning and driving a car involves two things most motorists would rather avoid: spending money on maintenance and spending money on repairs.
While standing on a long queue yesterday morning waiting for the next bus to come and convey us to our various destinations, a man standing immediately at my back said the next loan he will collect will be use to purchase a car. This was as a result of the fact that we have waited for more than 40mins hoping that another bus will show up so as to save us the mess of getting to work late. With this statement of his it shows that people see owing a car as a good investment and they are ready to spend there last naira to get it even to the extent of borrowing money to achieve this aim. But we have failed to put in mind that car is an asset that start to loss value the moment it is bought. One thing is to have enough money to buy a car and not just one that will drain you of cash due to outrageous repairs and servicing. Another thing is for you to have some cash in safe for up-keeping and regular maintenance as it may be required.
If you do not maintain your car (meaning regular oil changes, filter replacements and keeping an eye on critical fluid levels), you will be faced with major repairs much sooner than you should.
But here’s a dirty little secret you may not know. Even if you are meticulous about maintenance, follow all the recommended fluid and filter replacements, and baby your car as if it were an only child, eventually certain parts will wear out and you will have to spend Thousands on repairs.
Like death and taxes, you can’t avoid auto repairs – unless you lease new vehicles or trade your old car before it reaches the point where things start to wear out and cost you money to fix.
The following is a list of 11 items that typically fail as a result of mileage and time:
- Water Pump
- Fuel Pump
- Timing Belt
- Automatic Transmission
- Brake Pads
- Anything Rubber.
In the next post we will explain more elaborately on each of the stated 11 items to watch out for, before then stay calm and don’t forget to always share this value added post with your friends, colleagues and family.