Maintaining your present vehicle may be the key to long-term financial happiness. Spending a portion of your tax refund on repairs or maintenance for your vehicle can help to protect your second largest investment.
The month of April has been deemed National Car Care Month by The National Car Care Council. Nationwide they hold free vehicle inspections on an annual basis. Based on the statistics compiled from these inspections they show that most consumers should be doing considerably more maintenance and repairs to protect their automotive investment.
A vehicle that is properly maintained is safer, more dependable, more fuel efficient, less polluting and more valuable. The ideal stage of vehicle ownership is to have a vehicle that is still in great shape, that is paid off, and needs only modest repairs and/or routine maintenance.
The society that we live in especially since the technology boom, has been into the replacement mode. Instead of maintaining or repairing items, they just buy the newer, bigger and better. This has unfortunately created a lot of waste and caused many financial issues. A new vehicle may be purchased and not maintained properly and then it needs major repairs prior to even being paid off. We find that vehicles with 100,000 miles are almost completely worn out, this is directly due to lack of maintenance.
Simple things such as; regular oil changes, regular inspections, coolant, power steering, transfer case, differential and transmission services, periodic tune and brake services, air and fuel filters replaced regularly so they stay clean, properly inflated tires, and having tires rotated frequently for even wear. These simple things all lead to better vehicle reliability and longevity.
Enjoy your tax refund, but invest it in something that pays back. See your trusted repair facility and set up a maintenance plan for your vehicle so that it is a reliable and can hold its utmost value. Steve and Karen Johnston are owners of All About Automotive in Historic Downtown Gresham. If you have questions or comments, call them at 503-465-2926 or email them at [email protected]