So, How Does All This Info Actually Help You?
A fair question that deserves an honest answer. Depending upon your situation, how new or old your vehicles are, how you drive them and how long you want to keep them, the answer to that question may vary quite a bit. However, one thing is certain. In virtually ALL cases, significant money can be saved, over the life of just about ANY vehicle, by simply having a good working knowledge of lubricants and filters and putting that knowledge to good use for your vehicles.
And, to prove to you that knowing about lubes and filters is incredibly valuable to virtually anyone, I’d like to point out a few things about the TRUE and COMPLETE expenses of owning a vehicle and just how much of that money can be saved by properly lubricating that vehicle.
$8,042 Per Year in Vehicle Expenses?!
SERIOUSLY! You may find this hard to believe – I did too until I started crunching some numbers – but there are a large number of motorists that are easily spending this much per year on each vehicle they own, and they don’t even know it. Of course, not everyone is forking over this kind of cash, but let me run some numbers by you, and YOU can decide whether you are one of these individuals.
Are You One of Them?
An average new vehicle costs about $25,000 to purchase new. However, many motorists these days will finance the vehicle for a full 5 years (60 months) to keep their payments down. At current auto loan interest rates, that could actually mean a total FINANCED value of $32,000.
If the individual purchasing that vehicle drives the typical average 15,000 miles year and gets 25 mpg (probably high for many people), at today’s fuel prices (around $2.50 per gallon here in the US), that will run an extra $1500 per year for fuel.
Figure in 3,000 mile petroleum oil changes at about $25 each, and you’ve got another $125 per year for oil and filters. (plus the time to DO the oil changes or wait for them to be done).
The average vehicle protected with conventional lubes and filters will last about 150,000 miles, which, at 15,000 miles per year, is about 10 years of service. Thus, total expenditures over the course of that 10 years are: $32,000 (for vehicle purchase) + $15,000 (for 10 years of fuel at $1500 per year) + $1250 (for 10 years of oil changes at $125 per year) = $48,250!.
So, if it costs a total of $48,250 (not even accounting for maintenance and repair items outside of oil/filter changes) over 10 years, that’s a total of $4,825 per year, just to drive a vehicle.
And, if that person happens to have a longer commute to work and puts 25,000 miles per year on their vehicle, their annual costs could rise considerably as they would hit the 150,000 mile mark in only six years. Thus, that $48,250 expense is only spread over six years, amounting to an annual expense of as much as $8,042 per year (nearly double)!
Driving a more expensive luxury vehicle? Your costs could easily be even higher, considering the more pricey initial pricetag AND, typically, more expensive repair work. Drive alot for work (maybe you’re a realtor or the like), you’ll go through cars like water, raising annual expenses even further.
It only makes sense that people want to slash these costs as far as possible and proper vehicle maintenance – especially lubrication and filtration can go a LONG way toward making that happen.
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