THE REAL COST OF DRIVING
Q: Do you know how much it costs you to drive a new vehicle?
Consider this when you need to spend $1,000 in maintenance or repairs to prolong the useful life of your vehicle:

The cost of an average new passenger vehicle is approximately $25,955, and even at 0% financing, the cost over four years is $540.72 per month.
The average full-coverage insurance policy costs approximately $100.00 per month.
Most people drive an average of 15,000 per year— 60,000 miles over four years. That mileage requires an average of $1,650 in maintenance over four years, or $34.37 per month.
Based on these averages, your cost of driving is $675.09 per month, or $8,101.08 per year—not counting tires, gas or the $1,687.07 sales tax you paid on the vehicle when you purchased it.

A: The average cost of driving over a four-year period is
$32,404.00 - excluding gas, tires and sales tax!
Compare this to spending $1687.07 in maintenance:

For $1,687.07, or an average of $70.29 per month, maintenance and repairs will add another 24 months and/or 30,000 miles to the life of your vehicle!
A great deal in transportation cost!
Compare this to buying a $25,955 new car:

Over 24 months, a new car will cost you $16,202.00, with an average monthly cost of $675.08, plus a minimum of $1687.07 (6.5%) in Illinois sales tax! Would you rather spend $1,687.07 in sales tax or $1,687.07 for repairs and maintenance to get another 24 months and/or 30,000 miles out of your car?
Keeping your vehicle well-maintained will save you $16,202.00 over 24 months. Wouldn’t you rather use that $16,202.00 to realize your dreams toward retirement or to pay for your children’s education?