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Two ways to avoid spending too much on vehicle maintenance

Posted on Wednesday, March 13, 2013 at 4:26:10 PM

Aside from housing, an automobile can be the most costly purchase a consumer makes in their lifetime. Upon securing auto financing and making the down payment, many car buyers forget to factor in possible repair costs - and those who do not perform regular maintenance could end up accruing large debts. 

As the adage goes, an ounce of prevention is worth a pound of cure. Consumers who utilize a few money-saving strategies can avoid having to pay for expensive repairs.

Skip the service center
Those car owners who are knowledgeable enough to change their own oil could realize real savings every few thousand miles by doing so. Consumers who have mechanics perform routine maintenance not only pay inflated prices for materials, but also for labor.

Maintain normal levels of fluid
Vehicles require a substantial amount of different liquids to operate properly, and if some aren't kept at optimum levels, severe damage can be caused. In between visits to the mechanic, drivers should ensure their motor oil, brake fluid and coolant are all at the correct levels.

Car owners should consider all of the possible costs associated with owning a car before setting up new or used car financing and making a purchase. Home Loan Investment Bank offers its clients a wide array of lending opportunities.