• News Journal: Auto repairs eating a bigger chunk of Americans’ budgets

    by  • August 12, 2011 • Economics • 1 Comment

    AAA Warns of Danger of Rising Costs of Automobile Ownership

    By Mike Chalmers
    The News Journal

    For the past four months, Margaret McCormick’s 2001 Toyota Celica has been sitting in the parking lot of her condo complex, with one flat tire and a broken transmission.

    “To fix it, I need $1,000, but I just don’t have it,” said McCormick, who has been out of work for two years.

    The New Castle woman is not alone. Job loss, furloughs, cutbacks and gas at just under $4 a gallon are taking huge bites out of Americans’ wallets, and their cars are among their most expensive necessities, a new AAA survey shows.

    “Many Americans rely on their cars for their livelihood and losing access to them could be financially devastating during an already troubling economic time,” said Jim Lardear, director of public and government affairs for AAA Mid-Atlantic.

    Read entire article HERE.

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    One Response to News Journal: Auto repairs eating a bigger chunk of Americans’ budgets

    1. Orange County Toyota Dealerships
      August 30, 2011 at 12:34 pm

      The best way to prevent massive repair costs worth thousands of dollars is to take your car to the mechanic at the slightest hint of trouble; if you hear a strange noise or if your car is behaving differently. Procrastinating will just make it worse and worse until one day the engine needs an overhaul or the transmission etc.

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