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Car repair costs recently exhibited jump nationwide

Posted on Friday, April 12, 2013 at 2:37:26 PM

For drivers who need to make necessary repairs to their vehicles, there may be no better time to research opportunities for auto financing. 

CarMD.com's recent release of its 2013 Vehicle Health Index showed a 10 percent rise in car repairs costs was recorded in the last year - totaling an average of $367.84 per procedure. The increase reportedly represents the first time a hike has been seen in six years.

"We're seeing an increase in car repair costs that can be attributed to factors such as a market correction and a higher percentage of more expensive repairs related to the aging vehicle population," said Leon Chen, chief executive officer of CarMD.

Because April is Car Care Month, Safelite AutoGlass released a report detailing the vehicle care habits recently exhibited by consumers. While it is recommended drivers replace their windshield wipers every six months, the survey found that 65 percent of respondents do so just once a year, and 23 percent do so every two to three years. However, 61 percent of consumers did report rotating their tires in the suggested time parameter -  every 5,000 to 10,000 miles.

Car drivers looking to make repairs can easily find financial assistance by obtaining new or used car financing from the trusted lending company Home Loan Investment Bank.