7 Tips for Saving Money on Car Maintenance

I have a love-hate relationship with cars. I do enjoy a good car, and even some luxuries like heated seats and rear backup cameras have made the experience even better. But every time I take the car in for it’s scheduled oil change, I’m presented with the threat of >$200 in maintenance costs for various issues that always seem to surface. There is no question cars are expensive to maintain, and over the lifetime of the car can well exceed the purchase price. Here are some great tips for saving money with car maintenance, so you have more money for your financial goals and generosity.

Tip #1 - Buy reliable cars

Let's begin where all car maintenance conversations should start – when you purchase the car. Not the time to rant about buying used vs. new, but I would say that buying reliable brands will set you up for a better life while owning the car. These brands include Honda and Toyota. These brands seem to stand the test of time and owner neglect and keep running. If you’re looking to save money in the long run, start with a good, reliable brand.

Tip #2 - Don't buy the extended warranty

The sales pitch is the same – consider the cost of one failed item vs. the cost of the warranty plan. It’s always presented as a no brainer good deal. They aren’t. The math nerds in the back did the math and know the likelihood of you needing the warranty. They not only make money on the warranty plans, but they also make extremely attractive margins on those plans. If you have a good emergency fund in place and can self-insure, this will help you save money at the start.

Tip #3 - Due diligence is absolutely necessary

To save money on car maintenance, you need to make sure you don’t own a lemon. Most car dealerships offer free returns within a 7-day period. Sometimes longer. Take advantage of this opportunity and have the car checked out by a trusted third-party mechanic. If there is a serious transmission issue or the car is burning oil, you want to know this before you are stuck with the car. I would avoid the car dealership with this type of inspection – find a trusted local guy who will give you an honest opinion.

Tip #4 - Learn to change your own oil

Changing your oil is a great way to save money on car maintenance. Yes, it’s a bit messy, but the amount of money saved is worth every penny. You will need a good oil funnel, oil catch basin, and a few empty milk jugs. Make sure you buy quality oil designed for your car and replace both the oil filter and the drain plug o-ring during each oil change. After you have drained the oil from your car, fill the empty milk jugs with the used oil and take them to your local auto store. They will recycle the oil for you, usually at no charge.

Tip #5 - Stay on top of your car maintenance schedule

This tip may seem counter intuitive with saving money on car maintenance, but staying on top of your maintenance schedule will help you in the long run. There is a reason your transmission fluid and brake fluid need to be flushed every so often. Rotating your tires will extend the life of your tires. And yes, your brakes do need to be periodically inspected. By keeping up with the schedule, you will avoid the more expensive repairs that come from long term neglect of your car. In the end, you will be saving money.

Tip #6 - Shop around for good deals and coupons

There is no reason to be loyal to one mechanic, especially for regular oil changes and filter replacements. You can save the more expensive repairs for your trusted mechanic that might cost a bit more than the oil change. Look for coupons and shop around to get the best deal. In fact, you may find you like the new guy better!

Tip #7 - YouTube is your friend

I recently had a light bulb issue on my car. After researching the issue and watching several YouTube videos, I decided to order the parts myself and perform the needed repair. If you have the tools and DIY savvy, you might find performing the maintenance yourself is cost effective. But be careful and don't get in over your head. If the cost of messing up far outweighs what you are saving, it is always best to have your trusted mechanic do the repair.