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- 13 Worst SUVs to Buy if You Hate Spending Money on Maintenance (financebuzz.com)
SUVs and Trucks: Maintenance Costs to Consider Before You Buy
While dealerships focus on selling points, they often gloss over the long-term costs of maintenance. Repair expenses can add up significantly over the lifespan of a vehicle, especially for SUVs. Just as you would compare insurance rates, it’s crucial to research potential repair costs before committing to a new SUV.
Recent data analysis of millions of car listings reveals the 13 most popular SUVs with the highest 10-year maintenance costs. This information empowers buyers to make informed decisions and potentially save thousands of dollars.
The Most Expensive SUVs to Maintain (10-Year Costs)
- Chevrolet Traverse: $9,123 (26.05% chance of major repair)
- Chevrolet Blazer: $9,124 (26.05% chance of major repair)
- Ford Edge: $9,193 (26.60% chance of major repair)
- Ford Explorer: $9,329 (26.60% chance of major repair)
- Chevrolet Suburban: $9,537 (26.05% chance of major repair)
- Chevrolet Tahoe: $9,544 (26.05% chance of major repair)
- Ford Expedition: $9,758 (26.60% chance of major repair)
- Dodge Journey: $10,420 (30.99% chance of major repair)
- Jeep Compass: $10,500 (31.13% chance of major repair)
- Jeep Cherokee: $10,607 (31.13% chance of major repair)
- Dodge Durango: $10,766 (30.99% chance of major repair)
- Jeep Grand Cherokee: $10,872 (31.13% chance of major repair)
- Jeep Wrangler: $10,662 (31.13% chance of major repair)
The Bottom Line: Think Long-Term
Monthly car maintenance typically ranges from $100 to $150. However, some popular brands like Jeep and Ford average around $10,930 and $10,640 respectively in 10-year maintenance.
Factoring in these costs can significantly impact your budget. Choosing a less maintenance-heavy vehicle could save a substantial amount over time, potentially offsetting a significant portion of the vehicle’s initial cost.
Smart Financial Tips for Car Owners
- Tackle Debt: Aggressively paying down debt frees up financial resources. Explore options like balance transfer cards or debt counseling.
- Boost Income: Supplementing your income can ease financial strain. Consider a part-time job or other income-generating opportunities.
- Reduce Expenses: Identify areas for potential savings. Shopping around for car insurance or utilizing travel credit cards can make a difference.
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- 13 Worst SUVs to Buy if You Hate Spending Money on Maintenance (financebuzz.com)