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Suze Orman Urges Drivers Not To Skip Car Maintenance. Says It's 'One Of The Smartest Financial Moves You Can Make This Year'
Yahoo Finance· 2026-02-10 15:01
Core Message - Personal finance expert Suze Orman emphasizes the importance of maintaining existing vehicles rather than purchasing new ones due to high car prices and interest rates [1][3]. Maintenance Importance - Skipping routine maintenance may seem like a cost-saving measure but often leads to higher expenses in the long run [2][4]. - Orman estimates that every dollar not spent on maintenance can result in $4 to $10 in future repairs as minor issues escalate into major problems [4]. Financial Implications - Keeping an older, reliable vehicle can help reduce insurance premiums, which have increased significantly in recent years [3]. - Consistent maintenance can extend a car's lifespan by 20% to 40%, making it a financially sound decision compared to the costs associated with new car loans [6]. Examples of Maintenance - Simple maintenance tasks, such as replacing brake pads, oil changes, and ensuring proper coolant levels, can prevent costly repairs and safety risks [5][6]. - Proper upkeep can also enhance fuel efficiency through clean air filters and good spark plugs [5].