A good car is one of life’s great luxuries, but it also comes with the responsibility to keep it running. Whether it’s due to routine wear and tear or an unexpected collision, car repairs can add up fast. It’s difficult to predict the cost of a repair, but you can take steps to reduce the risk by following your car’s maintenance schedule and budgeting for expected expenses.
A few of the biggest factors that influence auto repair costs include:
Parts prices: Original equipment parts OEM are typically more expensive than generic or used parts, and it may be harder to find certain rare or specialized replacement components. Repair difficulty: Some repairs are more labor-intensive than others, which can increase the total cost of the repair. Vehicle make and model: Luxury or rare vehicles can have higher parts and labor costs.
Shops’ markup: Some Auto Repair Hillsboro charge more for parts and labor than others, so shopping around is a good idea. Some mechanics even offer online pricing calculators to help consumers compare costs.
Labor shortage: An ongoing labor shortage is pushing up auto repair costs. This is because fewer technicians are available to work on cars, and those who are working have to spend more time on each job.
Newer car technology: Many of today’s cars have advanced driver-assistance features like auto emergency braking and lane keeping assist, which rely on electronic sensors. These systems can also be more prone to failure than traditional mechanical systems.
The pandemic: Supply chain issues during the pandemic have made some car parts pricier, such as microchips, which can be a big expense for repair shops. Additionally, major long-term shifts in the industry toward more automation and electric vehicles require more chips, increasing the likelihood of costly repairs down the road.
Warranty coverage: If your vehicle is still under a manufacturer’s warranty or an extended service contract, this can significantly lower your repair costs. However, it’s important to understand the limitations and requirements of each warranty or service contract before you use them to cover a repair bill.
Getting a written estimate: Before paying for any repairs, get a detailed invoice from the shop that lists each service performed and the cost for each. It should also note if any replacement parts are used or non-original and include the odometer reading when the repairs were completed.
Whether you’re revealing a new strategy to your team, presenting last year’s numbers to the C-suite, or opening your own business, there are times when things go wrong. In these situations, it’s important to stay calm and have a plan for when disaster strikes. From preparing for crisis communication to developing a personal resilience framework, What to Do When Things Go Wrong is your playbook for navigating any situation—on the job or at home.