West Bend/Cedarburg, WI – Higher prices at the pump and at the local grocery can have a challenging impact on everyone’s budget. If you’re dealing with vehicle troubles as well during tough times Mike Hilzley with Auto Safety Center encourages customers to do the math.
“In a tough economy do you fix your car or dump your car,” said Hilzley. “I’m a big numbers guy and the fact of the matter is the numbers don’t lie.”
Hilzley said if you do the math, even though car repair bills may be pricey, you will be ahead of the game overall if you maintain the vehicle you currently have.
“Most of our customers can fix the car they have for much cheaper than buying new,” he said.
According to bankrate.com if you buy a new car, it’s $735 for 12 months; that’s $8,800 per year just to own it. If you want a used car that’s $523 a month; at 12 months that means you’re spending $6,279.
“A used car will likely need tires, brakes, and all sorts of different work,” said Hilzley. “To top it off, the average length of a loan is 66 months, that’s 5 and a half years.”
Keep in mind, Hilzley said, Auto Safety Center offers 6 months of 0% interest financing. “So if your budget is tight, we’ve got financing options for you too.”
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When employers were asked what the top economic challenge is facing their company, the top answer by far was inflation. Thirty-five percent of businesses ranked it as the top issue followed by the workforce shortage at 25 percent and health care costs at 16 percent.
Hilzley said, when it comes to vehicle repair make sure you explore all your options and run the math.
If you have any questions, check out Auto Safety Center. It has four locations with two in West Bend, one in Cedarburg, and a fourth location in Menomonee Falls.
