How do I make a car maintenance budget?

I've made a budget for all other aspects of my life but not for the new car I just purchased. What costs do I need to budget for the maintenance of my new vehicle?

Answer
“Congratulations on your new car! Planning ahead to take care of it is a smart thing to do.
Most experts suggest that you should set aside at least $100 a month to go toward your car maintenance budget, especially if you don’t have a used car warranty or a manufacturer’s warranty.
If you’ve owned the car for a year, you can also use the amount you spent on maintenance last year, divide it by 12, and add that to your car maintenance fund.
Furthermore, you should look at your mileage and see if your car is due for any major services in the near future. This can help you budget even better. The higher the mileage, the more you can expect to pay on maintenance, as higher mileage often leads to more working need to be done.
While insurance might not be considered maintenance, it does help payout in the event of an accident, saving you money when you need to repair your car. If you want help shopping for the best coverage at the lowest price, try using the Jerry app. Jerry compares rates from the top providers and delivers the best deals to your phone in minutes. And the best part–it’s free to shop for insurance with Jerry.”
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Eric Schad
Answered on Aug 30, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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