Contact Us
Make My Homepage

NJ Drivers: Get Ready To Pay More To Repair Your Vehicles [AUDIO]

The cost of owning and operating your vehicle just got more expensive.

Flickr User Jonesemyr

The annual average cost to own and operate a sedan, based on 15,000 miles of driving rose to nearly $9,000 per year, according to AAA’s 2012, “Your Driving Costs” study.

“That’s mostly due to the increases in gasoline and tires” said spokeswoman Susan Madden. “Unfortunately that is making it a lot more costly for people to repair their vehicles.”

The largest percentage increase from 2011 to 2012 was the cost of fuel, which rose 14.8% to 14.2 cents per mile for sedan owners. Tire costs rose 4.2% because of higher costs for natural rubber and the increased cost of oil used in tire production and shipping, AAA said.

Average insurance costs for sedans – based on a low-risk driver with a clean driving record – rose 3.4% (or $33) to $1,001 annually; maintenance costs showed an increase of 0.7%.

According to the auto club, the cost of owning and operating a vehicle breaks down like this: depreciation: 39.6%; gasoline: 23.7%; insurance: 11.2%; finance charges: 9.5%; maintenance: 7.5%; tax, license, registration: 6.8%, and tires: 1.7%.

“I think you are going to see prices on oil, parts, and other things going up as well if fuel stays as high as it is now” said Keith Krehel, owner of an auto repair shop in Clifton.

The good news is that more good, quality cars are on the market right now and they are retaining a lot more of their value.

“Cars that were worth a few thousand dollars last year are probably worth the same amount this year” said Madden.

The bad news is that because people are skipping out on costly repairs, shops are closing.

“I have seen a lot auto repair shops go out of business or change hands in the last few years, people just don’t have the money to fix their vehicles and its unfortunate” said Krehel.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.



Best of NJ101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.