0.08 Cents per mile saves $75,000 !

0.08 Cents per mile saves $75,000 !11/22/2016
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It's soooo simple, perhaps too simple.

EVERY MONTH WITHOUT A CAR PAYMENT SAVES MONEY !

Understanding how powerful this statement is and how much money there is to be saved can not be fully realized without learning some basic hard facts about cars.

• Average Car Payment: $500.00 per month
• Average Car Loan: 72 months (6 years)
• Average Car Price: $30,000
• Average Car Age: 10 years
• Average Miles Per Year: 15,000 miles
• Average Cost Per Mile: 0.11 cents (service and repairs)

The numbers tell a real story. A story that will save money or can cost money. If the average car is $30,000 dollars financed for 72 months (6 years) at $500.00 per month, that person would spend $36,0000 dollars on that car. Yep $6,000 dollars just in interest on the loan.

At the end of that 72 months or 6 years of driving at an average of 15,000 miles per year, the car would have 90,000 miles on it. Honestly most 6 year old cars will have many more. If that car were to last the average age of 10 years at 15,000 miles per year, the odometer would read 150,000 miles or more in most cases.

The question is... In 6 years do you want to be driving a pile of junk? A car so bad that every mile is a lucky one and you know that another 6 years of $500 dollar a month car payments is just around the corner.

-OR-

Would you rather be driving a safe, dependable, reliable 10 year old car that you KNOW will get you where you need to go when you want to go? Saving you thousands of dollars in car payments.

This week my personal truck is 16 years old with 300,000 miles the odometer. It is just as safe and reliable as the day I bought it. Sure my truck has some wear and tear on it, to be expected with 2 kids and a dog. Nonetheless, it has saved me a lot of money.  Over the last 16 years I have spent $25,000 on service and repairs. That may seem like a lot but consider this, I have not had a car payment in 11 years which has saved me $75,000 dollars!

How did this truck last so long? The answer is simple Maintenance, Regular scheduled Maintenance! An investment of 0.08 cents per mile for 300,000 miles means that over 16 years I have invested $25,000 in service and repairs. That investment saved me $75,000 in car payments and I have a very dependable truck to drive. That is a return on investment that most stock brokers would kill for.

In future articles I'll share with you tips on how to keep your cost per mile as low as possible while protecting your automotive investment. In the mean time current Marlboro Tire and Automotive customers can view their car repair history on line any time. Simply visit our website and click on the "My Service Records" or follow this link http://www.marlborotire.com/mechanic-net.html

Stay tuned
Brian
Marlboro Tire and Automotive
www.marlborotire.com
Better Products - Better Service - A Better Choice