Even though one of the most significant aspects when it comes to car costs is its initial price, you should never forget about maintenance expenses. In fact, it may be better to make a little financial effort in the beginning, and then benefit from much lower maintenance costs. If you think for the long term, you will end up sparing much more.
Some quick facts
- In 2013, the average Aussie spent just under $4,000 on running and maintaining their car every year.
- Suzuki Celerio is the least expensive new car to purchase and operate in Australia, as of 2015.
What is your opinion about this top? How much do you spend every year on your car maintenance?
What are the most expensive car brands to maintain?
The most expensive car brands to maintain are those that necessitate high amounts of money for their yearly maintenance. For instance, the following top is based on the estimation of the sum of money an owner has to spend on the total maintenance of their vehicle over ten years.
According to the research done by YourMechanic, these are the most expensive car brands to maintain over years:
- Land Rover
These names are followed by Volkswagen, Nissan, Mazda, Mitsubishi, while Toyota is placed at the end of their top, in the 30 position.
An analysis of this data
Germany is on the top of most expensive car brands, with its luxury imports, such as BMW and Mercedes-Benz. BMW requires about $17,800 in 10 years, while Mercedes-Benz needs about $12,900. However, this is no surprise, as these brands never claimed to be low maintenance.
When it comes to domestic luxury brands, Cadillac cars are the most expensive. Their owners spend around $12,500 in 10 years for these cars. Once again, this is no surprise, because no one expects a luxury brand to be low maintenance. On the other hand, we can notice that Kia – an economy brand – is in the middle of the top, with a cost of $8,800 per 10 years. The maintenance of Land Rover requires the same amount of money. In fact, Kia brand maintenance costs are 1.3 times the average. Therefore, Kia is not as economical as it claims to be.
As it was already mentioned before, the last position in this top is occupied by Toyota. In 10 years of use, a Toyota owner will spend around $5,500. Compared to brands on the first positions in this top, Toyota is with $10,000 more economical when it comes to maintenance costs.
Car costs change with age
It is perfectly reasonable for maintenance costs to change as the years pass by. The car ages, so that it will need more car maintenance each year.
It is estimated that a car that requires only $200-300 per year in the first three years will need around $2,000 in 13 years of use. According to specialists, these costs experience a steady increase of $150 per year, so that they don’t jump directly to $2,000. Consequently, a car owner should expect to pay more for their vehicle maintenance every year.