How to Reduce Your Car Maintenance Costs

Car maintenance costs

Most of us know how important it is to take good care of our automobile, both for safety’s sake and for the sake of avoiding expensive repairs down the road. But when you are low on income and savings, or simply do not have the money to handle car maintenance costs and repair expenses, you may be tempted to skip, delay, and hope for the best.

Tt can be beneficial to address immediate care maintenance needs, even if a loan is required. Putting it off will only increase your car’s long-term maintenance cost, shorten your car’s lifespan, and increase the risk of getting into a serious auto accident.

Below, we look briefly at 4 basic maintenance tasks that will reduce car maintenance costs in the long run but could cost you dearly if not given proper and timely attention:

  1. Getting an oil change:Based on your manufacturer’s instructions and the number of miles you drive per month, you might need an oil change every three to six months. Failing to change the oil will let your engine get dry and dirty, which will increase friction and wear away engine parts (eventually). It might cost you $35 for an oil change, but a new engine could cost you thousands.
  2. Rotating your tires:Around every 7,500 miles, it is advisable to rotate your tires so that they will wear down at a more even rate. This action might cost you around $50, but it should also extend the life of your tires enough to make it worthwhile. As a new set of tires costs hundreds of dollars, it is important to get the maximum use out of them.
  3. Replacing the timing belt:Delaying to replace a frayed or weakened timing belt might keep a little cash in your pocket in the short run, but you risk major engine damage if the belt suddenly gives way. You also risk your life, since you can lose control of the car if the belt breaks while you’re driving.
  4. Having your brakes inspected:Replacing brake pads and have a brake safety check done will prevent costly rotor and disc replacement jobs as well as keep you safe as you drive your vehicle. Brake maintenance is simply too important to be ignored.


Google+ Twitter Facebook

Niiwin, LLC, d/b/a Lendgreen (“Lendgreen”), is a wholly owned subsidiary of LDF Holdings, LLC, a wholly owned subsidiary of the Lac du Flambeau Business Development Corporation, a wholly owned and operated economic arm and instrumentality of the Lac du Flambeau Band of Lake Superior Chippewa Indians (“Tribe”), a federally recognized Indian tribe. Lendgreen is organized and in good standing under the laws of the Tribe. Lendgreen is a duly licensed Financial Services Licensee of the Lac du Flambeau Tribal Financial Services Regulatory Authority, an independent regulatory body of the Tribe.

All loan application decisions are made at Lendgreen’s office located at 597 Peace Pipe Road, 2nd Floor, Lac du Flambeau, Wisconsin 54538 on the Tribe’s reservation. If your loan application is approved by Lendgreen, your loan will be governed by Tribal law, applicable federal law, and the terms and conditions of your loan agreement.

This is an expensive form of borrowing. Lendgreen loans are designed to assist you in meeting your short term borrowing needs and are not intended to be a long term financial solution. The Annual Percentage Rate (“APR”) as applied to your loan will range from 720% to 795% depending on your payment schedule, pay frequency, loan term, and the amount of your loan. Late payments and non-payment may result in additional fees and collection activities as described in your loan agreement and as allowed by Tribal and applicable federal law. Lendgreen does not lend to residents of AR, GA, MD, MN, NY, PA, VA, WV, WI or to members of the military or their dependents.

© 2020