How To Budget For Car Maintenance

The common thing amongst new or old cars is that they all require maintenance. Car maintenance repair can be pretty expensive and unexpected as well. The majority of us have encountered a situation where car maintenance becomes a substantial financial burden.

UAE Car Maintenance Costs

If we talk about the UAE, periodic car maintenance costs can be expensive. If you have not adequately planned for it, it might become challenging to make ends meet. In the budget, we usually include car insurance and monthly automobile payments. One thing which we neglect in our monthly budget is the car's maintenance cost.

It is a wise idea to include car maintenance expenses in your monthly budget. It will help you avoid unexpected costs and ensure that you don't fall short on money or have to borrow from someone else. Wouldn't it be splendid if owning a car did not require additional costs every month?

But the bitter truth is that owning a car is quite expensive. However, PitStopArabia feels that you can tackle this additional burden by setting up a car maintenance budget. This way, you can pay for your car's maintenance without a burden and ensure your vehicle runs smoothly.

Without setting up a proper budget for your car’s maintenance, you are compromising on your car’s reliability. It will result in expensive car fixes that receregular maintenance could have otherwise avoided. This article will talk about how to budget for your car's maintenance.

BUDGETING FOR CAR MAINTENANCE

1. CREATE A MAINTENANCE FUND

You can start by creating a new account for your car's maintenance or save the money in your existing account. But keep in mind that this portion of the money is for only car-related expenses. By studying or estimating your car's maintenance history over the past year, transfer the funds accordingly into this account.

Make sure that you add money every month into this account, and don't ignore it after adding it a few times. By creating a separate fund, you'll have peace of mind. PitStopArabia recommends using a mobile app to create a monthly budget.

2. KNOW HOW OFTEN MAINTENANCE IS REQUIRED

You need to know how often your car requires maintenance and how much it costs. To understand this, check your maintenance record history and how much you paid for it. How? There are several ways to do it. The easiest method is to use your record.

You can find out how much money you should save for maintenance by dividing the total money spent on maintenance over the past year and dividing it by the total number of months in a year. It will give you a great idea of how much you need to set up your budget to raise this amount monthly.

3. AVAIL FREE MAINTENANCE

Upon buying a new car, your dealership usually provides free maintenance for a certain mileage period. Make sure to fully utilize such offers as it will save you much money and avail them before they expire. If your free maintenance period is over or your car is old, PitStopArabia is where you want to bring your automobile for top-quality and cost-efficient maintenance.

4. IMPORTANT FACTORS TO CONSIDER

The car's maintenance depends on many important factors, such as how old your vehicle is, how often you drive, your driving style, how much mileage, how many people drive the car, and your repair history. The list is not exhaustive and can include several other points.

If your car has greater mileage and is relatively an older model, then your maintenance cost will be high compared to a car with few miles on it and a new model. So before setting up a fund, you need to consider these factors and then decide how much you need to save monthly.

Wrap Up

Car maintenance costs are on the rise globally. Thus, we recommend that you maintain a monthly budget for it. If you delay maintenance, you might have to spend more on repairs and replacements.