The average cost of an oil change varies depending on where you live. The type of oil used is another factor, with varieties including conventional, synthetic, and semi-synthetic. For basic service with conventional oil and no extra quarts, you can count on paying between $35 and $75, according to Kelley Blue Book.
We’ll discuss the ins and outs of oil changes, including how often you should get it done, the benefits to your vehicle and the environment, and how to save money on your next oil change.
How Much Does an Oil Change Cost on Average?
The cost of an oil change depends on several things:
• Vehicle’s year, make, and model
• DIY vs. service station
• Geographic location
• Service provider
• Type of oil: conventional, synthetic, or synthetic blend
• Add-on services like filter changes and tire rotation
You’ll pay about $35 for basic service with no extra quarts. Top service with extra quarts will run about $75. This is likely to be with conventional oil.
With semi-synthetic oil, the average cost will be higher: $40-$100. And with fully synthetic oil, the price inches up to $65-$125. Some luxury vehicles require special filters, which can cost $260 or more.
The average cost of an oil change at a dealership is generally around $100; this typically includes a filter change. Another popular add-on is tire rotation, which can tack on $20-$50. It’s possible that a dealership or auto repair shop will offer a small discount for more than one service.
In case you were wondering, oil changes are not covered by car insurance because they’re considered a regular part of car maintenance. Learn more in our Insurance Tips for First-time Drivers. 💡 Quick Tip: Saving money on your fixed costs isn’t always easy. One exception is auto insurance. Shopping around for a better deal really can pay off.
Average Cost of Oil Change by Provider
The table below lists the price of the cheapest oil change option at a number of national service providers. Differences in price are often due to the quality of oil used, and the speed and scope of the service.
Service Provider
Lowest-Price Oil Change Service
Firestone
$24.99
Goodyear
$18.95
Jiffy Lube
$29.99
Midas
$33.99
NTB
$24.99
Pennzoil
$25.98
Pep Boys
$24.99
Sears
$19.99
Valvoline
$39.99
Walmart
$19.88
Data courtesy of CarServiceCosts.com
Recommended: How to Lower Your Car Insurance
The Difference Between Synthetic and Conventional Oil
Conventional oil is crude oil that’s been refined, while synthetic is made from chemical compounds. Synthetic oil has fewer impurities and is designed to protect car engines.
Conventional oil needs changing more often and can have problems flowing in extreme temperatures. Synthetic oil can be used for longer periods and flows in a wider range of temperatures. Although there are clear advantages to synthetic oil, there’s one disadvantage: It costs more.
Check your owner’s manual to see what type and grade are recommended for your vehicle’s engine. How much your car is worth may factor into your choice of which oil to use.
How Often Should You Get an Oil Change?
Your owner’s manual should also list how often to change the oil in your specific vehicle. In general, conventional motor oil needs to be changed after about 5,000 miles of driving. Synthetic oil can go as long as 10,000 miles. If you use semi-synthetic motor oil (a blend of the two), you may get 8,000 miles of usage before it needs to be changed.
Did you know you should also be evaluating your insurance on a regular basis? Annual personal insurance planning sessions can help your coverage keep up with important life changes.
Benefits of Getting Your Oil Changed
The benefits of regular oil changes are significant. They include:
• Cleaner engine. When you change the oil, you’re also getting rid of the dirt, debris, and contaminants in the old oil.
• More efficient engine. When the engine is clean and the oil is new, the engine has better lubrication and works more efficiently. This helps boost performance and maximizes the life of the engine.
• Better gas mileage. A more efficient engine will help your car get better gas mileage and save you money on fuel.
• Environmental benefits. When oil stays in your vehicle for too long, it starts to degrade. At this point, it releases potentially toxic hydrocarbons.
• Prevents overheating. Engine components generate heat, especially when you’re driving at faster speeds. When the engine is freshly and appropriately lubricated with motor oil, this lowers friction and reduces the risk of overheating.
How to Lower the Cost of Oil Changes
As noted above, timely oil changes can reduce fuel costs. To save money on oil changes, you can shop around for the best prices in auto shops or do it yourself. Before your first DIY oil change, you may need to invest in a few supplies. These include a wrench to remove the drain plug (your owner’s manual should list what size and type), an oil filter wrench, an oil pan, latex gloves, and perhaps a jack.
You can save $25 to $75 per oil change on average, depending on the oil and filter you use. So, once you’ve saved enough to “pay back” what you invested in the right tools, you can enjoy savings each time you change your own oil. Check out more tips for saving on car maintenance costs. 💡 Quick Tip: If your car is paid off and worth only a few thousand dollars, consider updating your car insurance: You might choose to opt out of collision coverage and double down on liability.
The Takeaway
The average cost of a basic oil change with conventional oil is $35, but you can find low-cost oil changes for as little as $19. Higher prices may indicate a better quality of oil, add-ons like filter replacement, or faster service. Your vehicle’s owner manual will recommend a type and grade of oil. Conventional oil is typically cheapest, followed by semi-synthetic, and then fully synthetic. Synthetic oils allow you to go longer between oil changes — 10,000 miles compared to 5,000 with conventional. To save the most money on your oil change, don’t be afraid to DIY.
When you’re ready to shop for auto insurance, SoFi can help. Our online auto insurance comparison tool lets you see quotes from a network of top insurance providers within minutes, saving you time and hassle.
SoFi brings you real rates, with no bait and switch.
FAQ
Is $100 a lot for an oil change?
It depends on where you live, the type of oil used, your vehicle, and add-ons such as filter changes and tire rotation. The average cost of a basic oil change is $35, with prices as low as $19. Ask your service provider for a breakdown of what goes into that $100 oil change.
Should I get my tires rotated when I get an oil change?
Consumer Reports recommends rotating your tires every 5,000-8,000 miles. Tires protect you on the road, so this maintenance task shouldn’t be overlooked. Depending on the kind of oil you use and your owner manual’s recommendation, you may want to have your oil changed every 5,000-10,000 miles. If you can combine your oil change schedule with your tire rotation schedule, you might save a bit of money.
How much do oil changes cost in 2024?
The overall average with conventional oil and no other services provided is somewhere about $35. No-frills service with conventional oil starts at $19. You’ll pay for more synthetic oil and add-ons like filter replacement.
Photo credit: iStock/Phynart Studio
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With the electric car industry growing and electric vehicle (EV) sticker prices coming down, you may be asking yourself if it’s the right time to go all-electric. Add to that government tax incentives and states like California committing to zero-emissions vehicles by 2035, and it seems like electric is the way to go. This decision isn’t that easy, as you want to make sure you pick the right car for your needs and budget. Here’s how electric vs. gas cars stack up.
How do electric vs. gas cars function?
Before getting into the full comparison, you’ll want to make sure you understand the basic mechanical differences between electric and gas cars. Here’s a simplified version:
Electric cars have no tailpipe because there are no gas emissions. These cars use alternating electric currents, which are electrical currents that move in many directions, to power the vehicle. The car converts direct electrical currents (electricity that only moves in one direction) from the battery to alternating currents using an inverter and induction motor. Then, the induction motor turns the currents into a magnetic field that moves the wheels. Unlike gas cars that have multispeed transmissions, electric cars have a single-speed transmission that sends the power from the motor to the wheels, which causes them to turn. This means there’s only one gear in an electric car in addition to reverse and park.
On the flip side, gas cars use an internal combustion engine to make the car move. Here’s how it works: The engine pulls a combination of gas and air into the engine’s piston, the piston then compresses the mixture and an electrical spark ignites the mixture. The energy from the combustion forces the piston to the bottom of the engine cylinder and the connecting rod at the bottom of the cylinder transfers the energy to the crankshaft, which rotates the wheels. Then, the piston returns to the top of the cylinder, pushing out exhaust from the combustion mixture and releasing the exhaust through the tailpipe. Gas cars use multiple engine cylinders. Oil is used to lubricate the parts, and coolant along with a radiator are used to keep the engine from overheating.
Now that you have a general idea of the different functionalities, let’s get into the full electric cars vs. gas cars comparison.
Electric vs. gas car costs
The cost of owning a vehicle is more than just its sticker price; you’ll also need to factor in long-term expenses like repairs, maintenance, fuel and whether you can offset expenses with tax credits. Here’s how gas and electric vehicles compare:
Upfront costs
On average, electric cars are more expensive to buy than gas vehicles. According to automotive data company Kelley Blue Book, $55,353 was the average price paid for new electric cars in January 2024. For comparison, Kelley Blue Book reported $47,401 as the average price of a new gas car in January 2024 — that’s $7,952 less than a new electric car. But EV prices have been coming down steadily, and the price gap between electric and gas cars continues to narrow. For example, new electric cars cost $66,645 in July 2022 while the average price of a new gas car in July 2022 was $48,182, according to Kelley Blue Book.
When you look at the least expensive vehicles in each category, however, the price difference still feels pretty dramatic. Some new EV models now have starting prices under $30,000, which is substantially higher than the sticker price of the cheapest available new gas cars, a few of which start at under $20,000. Additionally, if you opt for a Level-2 home charger for faster charging, the charger itself will run you $500-$1,000. Its professional installation can add as much as $2,000 to your upfront expense, although your state or electric company may offer incentives to offset that cost.
Winner: Gas cars win for upfront cost.
Fueling/charging costs
Driving a gas vehicle means you’re subject to the fluctuating price of gasoline, which on average, ranged between about $3.25 and $3.95 in 2023. Because electricity tends to be cheaper than gas — and electric vehicles tend to be about three times more efficient than gas vehicles, according to the U.S. Department of Energy — opting for an electric vehicle could offer big savings in fueling/charging costs
. In fact, driving an electric vehicle instead of a similar gas model over 15 years could save motorists as much as $14,500, as discovered by the U.S. Department of Energy’s National Renewable Energy Laboratory and Idaho National Laboratory.
On a yearly basis, charging an electric vehicle could cost as much as almost 50% to 60% less than going to the gas pump, provided most of that charging is done at home. If you frequently use public charging stations, like Electrify America, costs could begin to approach the price of going to the gas pump.
Winner: Electric cars win for fueling/charging costs.
Maintenance and repair costs
As previously noted, electric cars have simple mechanics compared to gas cars, with fewer fluids to change and fewer parts to replace. Their electrical systems themselves don’t require much maintenance either. This means you should expect to spend less on maintenance and repairs for an EV than you would with a gas car. Even an EV battery, which is expensive to replace, is expected to last 12 to 15 years.
Because of these factors, maintaining an electric vehicle may be as much as a third less expensive than maintaining a gas vehicle over the first five years — and as much as one-half less expensive overall. Over 15 years, an average American driver of an EV might spend as much as $8,000 less on maintenance overall than a driver of a comparable gas model.
Keep in mind that opting for an EV doesn’t mean that you won’t need any routine maintenance at all. Among other things, you’ll still need to maintain your tires, headlamps, wiper blades and brakes (although regenerative braking reduces wear and tear). In fact, EVs often require new tires more often because of the regenerative braking as well as the weight of the vehicle.
On the flip side, gas cars require quite a bit of maintenance, including regular oil changes, routine maintenance (rotate tires, replace air filter, etc.) and special service when the mileage gets to a certain amount.
Both electric and gas cars also have as-needed costs, meaning you’ll have to replace or repair problems as they arise.
Winner: Electric cars win for maintenance and repair costs.
Tax credits
Receiving a substantial tax credit for your new car can go a long way toward relieving the burden of its sticker price. Certain new all-electric vehicles (and some plug-in hybrids) now qualify for a federal tax credit as high as $7,500.
Be aware, however, that these tax credits are not offered for the purchase of any gas vehicles.
Winner: Electric cars win for tax credits.
Environmental concerns
Although cost is usually the biggest factor in deciding what car someone buys, environmental concerns can also play a factor. Here’s how electric and gas cars compare.
Emissions and efficiency
Electric cars are generally more efficient than gas vehicles, converting over 77% of electrical energy received from the grid into operating power at the wheels, according to the U.S. Department of Energy
. Traditional gas vehicles, on the other hand, only convert between 12% and 30% of the energy stored as gasoline into power at the wheels. Be aware that the individual emissions and efficiency of any electric cars you drive will vary, depending on where you live, the vehicle you purchase and how your electricity is sourced.
In terms of emissions, electric cars also tend to be kinder to the planet. The average EV sold in the U.S. produces the equivalent emissions of a theoretical gas car that gets 91 mpg. In fact, in all U.S. locations, the average electric car produces less emissions than the average gas car.
It may seem surprising that electric cars produce any emissions at all, since they have no tailpipe emissions. Instead, electric car emissions are calculated from two other sources: the processing and materials used in their manufacturing, and the electricity used to charge these vehicles.
The one hiccup with electric car emissions is battery recycling, or what happens to the battery when it dies. Battery recycling is in its infancy. While the current process can’t keep up with future EV demand, we will likely see some major developments in the coming years.
Winner: Electric cars win for environmental concerns.
Convenience
Electric cars come with higher upfront costs and lower maintenance costs, are there any trade-offs with convenience? Here’s how the two compare in some daily driving areas:
Charging/filling up
When it comes to gas cars, most drivers don’t worry much about range. After all, the infrastructure is well-established and gas stations are easy to find almost everywhere. In addition, gas cars can go an average of about 400 miles on a tank.
Drivers may be reluctant to purchase an electric car because of “range anxiety” — the worry of getting stranded somewhere with nowhere to charge up. However, although the EV charging station infrastructure isn’t as developed as it is for gasoline fill-ups, it’s been growing. More workplaces are making outlets available to their employees (and visitors), or installing Level 2 charging units, according to the U.S. Department of Energy
. And the US. Department of Energy reports there are now more than 72,000 public charging stations across the country — some of which are DC Fast Charge units.
Depending on the type of driving you do and where you live, the availability of public charging stations may not turn out to be that much of an issue. The majority of available electric cars can go between 110 and 300 miles before needing to charge up, and it’s not unusual for an electric car to have a range of 200 to 300 miles. Use this locator tool to find out if there are public charging stations in your local area — or in distant locations where you plan to drive your electric vehicle — before buying an EV.
Beyond charging or gas station availability, something else to be aware of is the time it takes to charge or fuel up. It can take 5 to 10 minutes to fill a gas tank, while electric cars take up to 12 hours with a Level 2 charger and 30-45 minutes with a Level 3 charger (like one you’d find at a public charging station).
Winner: Gas cars win for charging/filling up convenience.
Towing
Both gas and electric vehicles can be used for towing, however towing a heavy load will decrease efficiency in both cases.
For gas vehicles, how much your miles per gallon diminishes depends on how much weight you’re towing, as well as the increased wind resistance. In general, the heavier your load, the worse your gas mileage will be.
Electric cars also suffer decreased range when towing heavy loads. That range reduction was shown to be dramatic in recent tests performed by Consumer Reports, with EVs consistently performing below the estimated reduced range for a tow. Because public charging stations aren’t as plentiful as gas stations yet and because charging takes more time than gassing up, EVs may not be practical for long-distance towing, although they may be well-suited to short-distance tows.
Winner: Gas cars win for towing.
Availability
Visit any new car dealer and you’ll find a wide variety of gas vehicles to choose from. Buying a new electric car isn’t always so easy. Demand for environmentally friendly electric cars is rising faster than dealerships have been able to keep up. In fact, a 2023 Sierra Club study found that 66% of American car dealers didn’t have a single electric car (or plug-in hybrid) for sale. Additionally, some dealerships didn’t want to carry electric vehicles, with 45% of the dealers in the study who didn’t have available electric cars stating that they wouldn’t choose to offer them. In such instances, you’d have to find a dealer with electric cars in stock or order one directly from the carmaker.
Winner: Gas cars win for availability.
Closing thoughts
Both gas and electric cars come with their own set of advantages and disadvantages. EVs are the clear winner environmentally, as well as for fuel efficiency, maintenance costs and tax incentives. However, electric car range is very strongly affected during towing, charging takes longer than gassing up and it can be difficult to find new EVs at dealerships. Gas vehicles come out on top when it comes to sticker price, range, long-distance towing and fueling convenience while lacking in fuel efficiency, maintenance costs and environmental impacts. Ultimately, you should choose the vehicle that best fits your budget and lifestyle.
Inside: Learn how much to effectively patch a tire. Get insights on DIY or professional tire repair to make an informed decision.
You walk outside ready to drive away- only to quickly realize a nail has punctured your tire! This is so incredibly frustrating.
This summer it happened to me not once, but twice!
Not only does it pose a potential safety risk owing to reduced fuel efficiency and poor handling, but it can also substantially disrupt your day by necessitating an unexpected trip to the tire repair shop.
From my experience, you can learn how much patching a tire costs.
What is Tire Patching?
Patching a tire involves repairing a puncture in the tread area of the tire. A patch, typically a rubber material, is installed on the inside of the tire after the puncture has been located and repaired.
This tire plug repair method is used to seal the puncture, preventing the tire from losing air, and extending the life of the tire significantly. Patching tires is a cost-effective solution that helps vehicle owners maintain their tires without burning a hole in their pocket.
Quick Answer
Patching a tire DIY can cost as little as $6 if you have most of the tools, but having the job done at an auto repair shop, which includes labor time and professional expertise, ranges from $20-$40.
You can patch a tire for free if you go to the company that installed your tires.
Common Causes for Tire Damage
Tires suffer damage due to a variety of reasons. One of the primary culprits is road hazards, such as nails, screws, or shards of glass leading to punctures – a scenario that can cause a slow leak or even a sudden blowout if the object creates a large hole.
Bumps in the road, severe weather conditions, improper storage, or simple wear and tear due to age can also result in tire damage. Moreover, tire bead issues, where the bead that holds the tire to the wheel’s rim slips and becomes damaged due to improper inflation, can also give rise to serious issues affecting the car’s ride, handling, and safety.
Regular visual checks of your tires can help spot signs of imminent damage like cuts, punctures, cracks, or bulges.
Why Patch a Tire? Potential Risks of Ignoring Tire Damage
Ignoring tire damage can lead to serious repercussions. A damaged tire can drastically affect the performance and handling of your vehicle, compromising ride comfort and fuel efficiency.
The most immediate danger, however, is the increased likelihood of a tire blowout. I have been there – remember the Ford Explorer tire issues?1 I was on the highway and thankfully was able to stop safely thanks to another driver who slowed down so my SUV could hobble to the side and roll to a stop safely. The severity of this situation cannot be emphasized enough.
This can happen when driving on a severely damaged or worn tire (or tire malfunction) – a situation that can lead to a serious accident. Additionally, driving with damaged tires can cause uneven wear and tear on other tires, possibly increasing your maintenance costs in the long run. Remember, while the cost of a new tire may seem steep, it’s a worthy investment in your safety.
How to Diagnose a Damaged Tire
Step #1: Finding the Leak
Locating a leak in a tire involves a careful and systematic process. First and foremost, mechanics use their senses to determine the origin of the leak. They inflate the tire to make it easier to find leaks because the air tends to escape more prominently from them or use a bubble solution. Next, they visually inspect the tire for any cuts, holes, or objects sticking out, like nails or screws.
Aside from a visual inspection, mechanics also listen for a distinctive hissing sound – a clear indication of escaping air. If the leak isn’t immediately visible or audible, a soapy water test can be performed. This involves mixing water and dish soap in a spray bottle, inflating the tire, and spraying the solution over it. Bubbles will begin to form where the air escapes, clearly identifying the location of the leak.
Step #2: Checking the Extent of the Puncture
Determining the extent of a puncture is crucial in detecting whether a patch repair will suffice or if a tire replacement is needed. A mechanic will typically measure the size of the puncture; if the wound is larger than 1/4 inch in diameter, a patch may not effectively seal the tire.
The mechanic will also check the location of the puncture. Punctures close to or on the sidewall are usually non-repairable, primarily because the flexing of the sidewall could cause repaired areas to break open. The structure of the tire could also be compromised, making it unfit for a patch.
Any internal damage, such as severe abrasions, penetrations, or bruising, can not be repaired. Certain punctures made by large, sharp objects, or those resulting from a high-speed impact, may also leave the tire beyond repair.
Further, tires that have already undergone a certain number of repairs should not be patched again, as they risk losing their essential strength, leading to possible tire failure while driving.
How long can I drive with a nail in my tire?
When you find a nail in your tire, your immediate concern is often: how far can I continue to drive? Though there’s no definitive answer, driving with a nail in your tire isn’t advised. The nail can cause the tire to lose air slowly over time, negatively impacting the vehicle’s fuel efficiency and handling, and even leading to a tire blowout.
While it might be possible to drive for a few miles, or even a few days in some cases (depending on the nail’s size, location, and the tire’s condition), you should address the situation as soon as you notice it to prevent further deterioration.
The safest course of action is to drive slowly and carefully to the nearest tire repair shop. Do not attempt to remove the nail yourself as that could potentially worsen the damage and make the tire irreparable.
Remember, safety should be a driver’s primary concern, not the inconvenience of a tire repair.
Can Your Tire Be Patched?
Factors Determining Patch-ability
When determining whether a tire can be patched, several factors come into play. Here are a few key elements that determine the patch-ability of a tire:
Location of the Puncture: Tires can only be patched if the damage is confined to the tread area. Punctures in the shoulder or sidewall are not patchable due to the immense pressure these areas bear while driving.
Size of the Puncture: The size of the puncture greatly affects whether a tire can be patched. Generally, punctures up to 1/4 inch in diameter can be repaired, but anything larger than that cannot.
Number of Punctures: A tire with multiple punctures may not be patchable. Each case is unique, and a professional should evaluate the tire to determine if and how it can be repaired.
Angle of the Puncture: The angle of the puncture also plays a role. If the angle is strange or the puncture goes in sideways, patching may not be the best solution.
Overall Condition of the Tires: If the tire has already endured a patch near the current hole, or the sidewalls have serious damage or bulging, a patch may not suffice and a tire replacement could be needed. Also, if the tread depth is already at or beyond the wear bars, even a simple puncture can mean the end of the tire’s useful life.
Remember, always bring your tire to a professional for evaluation and repair. Proper inspection and repair are vital to ensuring the continued safety and performance of your tires.
When Not To Patch
It’s important to understand that not all tire damages can or should be patched. There are situations where patching a tire is not advisable or safe. These situations include:
A Puncture at an Odd Angle: If the hole is at a strange or awkward angle, a patch may not seal the hole effectively, leading to air loss.
Severe Sidewall Damage: A tire’s sidewall is a critical part of its construction, and if severely damaged, patching would not be able to restore its structural integrity.
Bulges or Bubbles in the Rubber: Bulges or bubbles indicate structural failure within the layers of the tire. Since these faults are on the inside, a patch cannot rectify the problem.
A Patch Near the Current Puncture: If your tire has already been patched near the current hole, applying another patch might compromise the integrity of the tire and its ability to carry load reliably.
Multiple Issues at Once: Your tire might be experiencing a second issue along with the puncture, like unbalanced wear, tread separation, or other structural failings. In such a case, it would be safer and more economical to replace it.
Always remember, when in doubt about whether to patch or not, consult a professional tire technician to ensure the safety and longevity of your tires.
Cost Breakdown of Tire Patching
Free With Purchase of Tires
One of the most advantageous aspects of maintaining your tires is that they can actually be free of charge at the location where you bought your tires.
For instance, if you’ve bought your tires and had them installed at Costco, you are entitled to free flat tire patching. This service comes as an extension of their commitment to customers, and their affordable prices make them a thrifty option to consider.
Discount Tire is another prominent name when it comes to economical and quality services. You can get your tire inspected for free here, and if a tire patch is the solution, they will repair your tire without charging you a penny if you bought those tires with them.
This service goes a long way in saving their customers’ hard-earned money and reinforces their reputation as a budget-friendly grandstand in the automotive industry.
Tire Repair Shop
A substantial part of the tire repair cost at a tire repair shop is majorly attributed to the mechanic’s labor charges. While a tire patch job takes approximately 15 minutes, the cost of shop overhead costs is the biggest expense.
You can expect to pay between $20-$40 for this service. While traveling, we paid $25 to fix a nail in the tire.
However, just remember, that you are paying for the mechanic’s expertise, and time dedicated to the repair which primarily constitutes the cost.
At Home Repair Costs
Materials you’ll need are a tire patch kit, a pair of pliers, a car jack, a lug wrench, soapy water, and a spray bottle. Optionally, a tire marker can be useful.
The retail value of these tire repair materials can range around $6. The pricier items would be if you have the supplies to jack up the car or proper wrenches.
Many people who drive beater cars have become good and maintain their car to lower their costs.
Other potential expenditures
Apart from the primary costs of labor and materials, there may be other expenditures while patching a tire. One such possible fee is the cost of tire rebalancing. When tires have been removed and replaced or repaired, they should be rebalanced to ensure smooth and optimal vehicle performance. This service might add around $100 to your overall bill.
Moreover, in some cases, there could be a tire disposal fee. Suppose, after inspection, the professional deems your tire beyond repair and it needs to be replaced, the old tire has to be discarded properly. Many shops handle this disposal but might charge a small fee (usually around $2-$5) for the service.
DIY Process of Tire Patching – How to Patch a Tire at Home
If you choose to do it yourself, here are the steps to take.
Removing and Dismounting the Tire
Remove the Tire from the Vehicle: To remove the tire from the vehicle, first, you’ll need to loosen the lug nuts with a wrench while the vehicle is on the ground. Once they’re loosened, raise the car with a jack. Now you can fully remove the lug nuts and pull the wheel from the vehicle.
Release the Air: With the tire removed, you need to let the air out by removing the valve stem core with a special removal tool. This will lead to a complete release of tire pressure.
Break the Bead: Breaking the bead, which refers to the seal between the tire and the wheel rim, is the next step. This can be done with a tire spoon and a hammer. The bead must be broken on both sides before the tire can come off the rim.
Remove the Tire from the Rim: This is done using levers or specialized tire removing tools. You must carefully insert the tools and lever the tire off the rim.
Remember, while the dismounting process might seem easy, it requires careful attention and certain specialized tools. It’s advised to have a tire repair professional handle this job to ensure safety and precision.
Applying the Tire Patch
Once the tire has been removed and dismounted, the next step involves the application of the tire patch. This process is as follows:
Preparation of the Area: The area around the puncture inside the tire is prepped by cleaning and roughening up a bit. This cleaning is essential to ensure the patch will adhere securely. The punctured area should be buffed with a grinding stone or sanding tool strong enough to bring the inner liner to a velvet-like finish.
Clean Dust and Debris: Using an air blow gun, all dust and debris need to be cleaned from the tire, especially those left by the buffing process.
Applying the Patch: An adhesive cement needs to be applied to the prepped area before the patch. Once the cement has dried to a tacky touch, the patch is applied. The patch, on its sticky side, has to be applied towards the interior side of the tire at the punctured spot.
Rolling the Patch: After the patch has been placed, a roller is used over it to remove any possible air bubbles trapped between the patch and the liner. This is important for ensuring optimum adhesion.
Apply Sealant: A sealant is applied around the edges of the tire patch to further secure it and to ensure that no air can escape from around the patch.
Each patch needs a different type of cement and a different style of application. Thoroughly read and follow the manufacturer’s instructions while applying the specific patch.
Remember, if you don’t feel comfortable doing this process yourself, a professional can easily and quickly do it for you.
Reinstalling the Patched Tire
After the patched tire has been given sufficient time to dry and cure, it’s ready to be reinstalled. Here’s how it’s done:
Mount the Tire: Using a tire-changing machine, mount the tire back onto the wheel rim. Ensure the valve stem is pulled through its hole in the rim, and the bead of the tire is properly seated.
Inflate the Tire: Next, inflate the tire to the appropriate air pressure – typically, the recommended pressure is indicated on a placard on the vehicle’s door edge, doorpost, glove box, or fuel door.
Rebalance the Tire: The process of patching may have unbalanced the tire. So, it’s prudent to have the tire checked for balance. This is done using a balancing machine that spins the wheel and tire.
Reattach the Tire: Reattach the wheel with the patched tire onto the vehicle. Apply even pressure while screwing the lug nuts back on in a star pattern for even distribution of the load. Lastly, using a torque wrench, securely tighten the lug nuts to the manufacturer’s recommended torque.
Drive the Vehicle: Initially, carry out a test drive at a slow speed to make sure the repair was successful. Listen for strange noises and feel for abrupt shaking. If all seems well, resume your regular driving.
Remember that even though patching a tire may seem simple, it requires specialized tools, time, and expertise. If you don’t have the proper tools, it may be more cost-effective and reliable to have the tire patched by a professional.
Tips to Maintain your Tires and Avoid Frequent Patches
Tip #1 – Regular Checks and Balancing
Routine tire checks and balancing can go a long way in prolonging your tires’ life and reducing the need for patches.
Regular checks help you identify and address minor issues like lower tire pressures, slow leaks, or tire damages early before they worsen into more significant problems. Make it a point to visually inspect your tires at least once a month and before long trips.
Balancing your tires is equally crucial – an imbalanced tire can cause vibrations, uneven tire wear, and strain on the car’s suspension. It is recommended to have your tires balanced every 12,000 miles, or when the car has issues with steering wheel vibrations.
Tip #2 – Timely Tire Rotations
Another critical preventive maintenance task to prolong the life of your tires is timely tire rotations. Rotating your tires can help achieve more uniform tire tread wear, which extends their lifespan and improves your vehicle’s performance.
Typically, tires should be rotated every 5,000 to 8,000 miles or as specified by your vehicle’s manufacturer. During the rotation, tires are moved from one position on the vehicle to another – for example, the front tires to the rear and vice versa.
Since front tires often wear out quicker than rear tires due to weight distribution and turning forces, this rotation helps evenly distribute the wear across all tires. Regular rotations not just prolong your tire lifespan but also improve gas mileage, provide an improved ride experience, and mean you’re less likely to experience sudden tire failure.
I just add this task to my digital planner with how many miles were on the car when the tires were rotated.
Tip #3 – Proper Inflation and Pressure Maintenance
Maintaining correct tire pressure is a crucial aspect of tire care that can drastically improve your vehicle’s performance, fuel efficiency, and tire longevity. Both over inflation and underinflation pose risks to the safety and wear of your tires.
Underinflated tires can lead to poor fuel efficiency, reduced handling, and increased tire wear.
Overinflated tires, on the other hand, can make your vehicle more susceptible to impact damage. You should check your tire pressure at least once a month and before long trips.
Thankfully, many of the newer vehicles will have this in your dash to monitor. The old-fashioned way is to use a reliable tire pressure gauge and refer to your vehicle’s manual or the placard on the driver’s side door post for the correct pressure.
Frequently Asked Questions
The longevity of a tire patch significantly varies depending upon the quality of the patch, the skill of the person who installed the patch, and the driving conditions. Generally, a tire patch can last between 7 to 10 years if installed correctly. However, just like any repair, a tire patch’s lifespan can also be influenced by factors such as the size of the puncture, driving habits, and road conditions.
Regular inspection and maintenance can help in timely detection of any issues, maintaining your tire’s performance and your safety on the road.
Yes, under appropriate circumstances, it is absolutely safe to drive on a patched tire. In fact, a properly patched tire is safe to drive on indefinitely, as the repair is considered permanent.
Remember, when it comes to any doubt about the safety or performance of a patched tire, it’s best to consult with a tire professional.
The answer to whether a tire with more than one puncture can be repaired is – it depends. Generally, it is possible to repair a tire with more than one puncture as long as the punctures are at least 16 inches apart. This distance is necessary to maintain the integrity of the tire structure without risking a tire failure due to stress concentration in one area.
However, if there are more than two punctures, or if the punctures are closer than permitted, the tire may need to be replaced. Multiple punctures can compromise the tire’s structural integrity, increasing the risk of a blowout.
Regardless, every situation is unique, and whether a tire can be patched, and how, should always best be determined by a professional. Understanding and respecting the potential risks associated with patching a tire with more than one puncture is vital to ensure safety on the road.
Isn’t Patching a Tire Fun?
Don’t forget to use your spare tire if the pressure cannot be maintained in the tire.
Indeed, patching a tire may seem an intriguing and rewarding experience, especially for those with a knack for DIY activities. However, even when it looks like an easy fix, tire patching involves meticulous examination, skill, and a proper understanding of safety measures.
Your tires are your vehicle’s sole point of contact with the road, and their health directly impacts your vehicle’s performance and your safety. So whether you’re patching a tire using a tire repair kit at home or taking it to a professional, it’s essential to ensure the job is executed correctly.
Remember, that car is an asset!
When it comes to tires, no quick fixes are worth risking your safety. Here are better ways to start saving money.
Source
Wikipedia. “Firestone and Ford tire controversy.” https://en.wikipedia.org/wiki/Firestone_and_Ford_tire_controversy. Accessed January 9, 2024.
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In this episode of NerdWallet’s Smart Money Podcast, hosts Sean Pyles and Sara Rathner share the best money moves of 2023 as submitted by their fellow colleagues. Some of the highlights include saving aggressively to prepare for future expenses, getting rid of private mortgage insurance, automating finances for budgeting and planning, setting up 529 college savings plans for children, shopping around for the best mortgage rates, and understanding the difference between an emergency fund and a rainy day fund.
Check out this episode on your favorite podcast platform, including:
Episode transcript
This transcript was generated from podcast audio by an AI tool.
Sean Pyles:
If you’re a loyal fan of the show, it’s possible you stay until the very end of each episode and if you do, you always hear us say, “Until next time, turn to the Nerds.” Well, today, dear listener, we are turning the show over to the Nerds. We present the best money moves of 2023 by our fellow Nerds.
Amy Knight:
This year I learned how to explain the effect of compounding using a lovely seasonal analogy, snow. You think of your money like snow. When you spend it, it melts and runs away, but when you save it, any new snowfall sticks to the snow that’s already there.
Sean Pyles:
Welcome to NerdWallet’s Smart Money Podcast. I’m Sean Pyles.
Sara Rathner:
I’m Sara Rathner.
Sean Pyles:
This episode finishes off our Nerdy deep dive into the end of 2023. This is it, Sara, the finale of our last series of the year.
Sara Rathner:
The piece de resistance.
Sean Pyles:
Yes. We sent a notice out calling all Nerds, asking for the best things our colleagues did with their money in 2023, and I mean all Nerds, IT, HR, everybody, even the corner office, and today we’re going to share their money wins.
Sara Rathner:
I love this. Before we start, you and I are Nerds, too, right, Sean? Should we start with our money wins for 2023?
Sean Pyles:
I think we should. Sara, give us yours.
Sara Rathner:
Yeah. This sounds like a weird money win, but I have said, on the show before, one of the pieces of advice that I got when I was younger was to save as aggressively as you can for as long as you can because your life will get more complicated as you get older. Well, I have reached the point where my life is complicated and expensive, and I will say that because I had spent those years putting money away as best I could, I had money on hand to do the things that I needed to do this year.
There were some unexpected repairs to our house that we had to do. We ended up replacing our car because we had a baby, and that was probably one of the most expensive things I did in 2023 was pay all those hospital bills, and now I’m paying daycare bills, so this kid will cost me money until he’s 35 and then maybe he’ll be independent by then. We’ll know.
Sean Pyles:
They say you reap what you sow. You had been sowing savings for years and years, and now you are seeing the benefits of that, which is great.
Sara Rathner:
Yeah. What it has allowed us to do, and by us, I mean I say my husband and I, is say yes to the things we need and know that we have the money on hand. That’s really nice when something in your house breaks or there’s something that you want to do like travel or a night out with friends that’s going to cost a lot of money. We can say yes to the things that mean something to us because we spent so long just pocketing and putting money away, living as well below our means as we could. Now, I think we’re living at our means, which is nice.
Sean, what about you? What is your money win for 2023?
Sean Pyles:
Well, it’s a little Nerdy and a little in the weeds maybe, but I got rid of my private mortgage insurance on my house after going into war with the bank that owns my mortgage. It was not a fun process, but I came out the victor, and I’m so proud of myself for that because the bank that owns my mortgage is not very nice. That’s my money win for 2023.
Sara Rathner:
I’m surprised you had to go to war. Isn’t it just like, once you hit 20% equity, you have to refinance, or how does that work?
Sean Pyles:
Oh, yes, they barraged me with a mountain of paperwork and time delays and bureaucratic processes that I actually detailed in a Money Hot Takes episode of Smart Money. I think that you were out on maternity leave, Sara.
Sara Rathner:
Sean Pyles:
Will do. Okay. Great. Well, before we get into the Nerd’s best money moves of 2023, a reminder, dear listener, that we always love hearing from you. Leave us a voicemail or text the Nerd hotline at 901-730-6373, that’s 901-730 N-E-R-D, or email a voice memo to [email protected].
All right. Sara, are you ready to hear from our Nerdy colleagues about their best money moves of 2023?
Sara Rathner:
I am. Let’s see what they all learned this year and maybe we could take some of that advice and apply to our own finances.
Sean Pyles:
Yeah. I mean, that’s the idea, so let’s start with the boss. Tim Chen is the founder and CEO of NerdWallet, and he did an energy efficient move this year.
I switched from a Mercedes SUV to a Toyota Sienna. I’m getting twice the gas mileage. I’m using the cheap gas, and I’m paying about a 10th as much every time I service the car.
Sara Rathner:
Well, Sean, it is so true that you really save money on servicing when you don’t have a luxury car. Just getting a new battery or oil filter can be less expensive.
Sean Pyles:
Sara Rathner:
Yeah, new to me, and it’s a hybrid, so the mileage is pretty sweet.
Sean Pyles:
Nice. All right. Well, let’s hear from another Nerd. Skylar Damiano is an IT administrator here at NerdWallet.
Skylar Damiano:
My partner and I are accelerating our marriage to the end of this year because it’ll save us a ton of money in the long run via tax benefits. These are things that we just never thought about when we were single or, even in our case as queer people who never really thought about marriage beyond our domestic partnership, but I’ve also learned that I will never stop learning about the financial world around me. I can’t possibly know everything related to financial wellbeing, but the more I research and the more I practice good habits, the more likely I am to carry those good habits into the future.
One that stuck with me from last year is not spending beyond my means. I now wait until I have funds available before I make a purchase like a new smartphone or a new toy or a hobby that I want to get into. In this case, I want to become a DJ in the next year. I’m not spending any money on that equipment though until I for sure have enough to save on it, because if I have the option to not rely on credit, but instead use my credit card to my advantage via cashback, it’s far more rewarding for me down the line.
Sean Pyles:
Sara, waiting until you have enough money to actually purchase something you want is a timeless piece of financial advice, one of the most basic and most important.
Also, Skylar, I would love to hear a DJ set when you are up and running with your equipment.
Sara Rathner:
This is near and dear to my heart, but utilizing a credit card for points or cashback instead of carrying a balance, that is chef’s kiss. And Skylar wasn’t the only Nerd highlighting this idea. Here’s Tom Lehmann, an account executive for NerdWallet.
Tom Lehmann:
The best piece of financial advice I would have to say is live well below your means. What a lot of people do is, over the course of their career, they tend to make more money, and when that happens, they tend to buy more stuff. They buy a cooler car, bigger house, more clothes, everything. I call that the lifestyle tax. If you really want to take control of your finances, what you have to do is you have to increase the gap between how much you make and what your expenses are.
I think making more money will naturally happen to a lot of people as they progress in their career, so I think the real key is figuring out where you could cut costs and be minimalistic about everything in your life. Just getting rid of stuff and getting out of the habit of buying stupid stuff every time. Every time you buy one thing, you’ve got to get rid of two in your house. That’s a great way to start.
Sara Rathner:
Sean, I think a lot of us often take the opportunity at the end of the year or the start of a new one to get rid of stupid stuff. The harder part is Tom’s advice to get out of the habit of buying stupid stuff in the first place.
Sean Pyles:
Yeah, preaching to the choir, Sara, because I’m sure that I have some stupid stuff on the way to my front door as we speak. All right. Well, let’s hear now from Sally French. She’s a travel writer here, and she’s been on the show before. Here is her takeaway from 2023.
Sally French:
My biggest money lesson is to always ask if your travels go wrong. I was caught up in the United meltdown as well as I had a canceled Southwest flight, and even though I was able to get another flight, I was still delayed. While I wasn’t entitled to any compensation officially, I still asked the airline customer service and I asked nicely, and in both instances, I got either a flight credit or miles from the airline. Even if your travels are disrupted, even if you’re not entitled to compensation, it doesn’t hurt to ask, because like I did, I was able to get some money back.
Sara Rathner:
Love it. Always ask. What do you have to lose? All they can say is no and you’re on your way, or not and you’re stuck at the airport indefinitely, but you could still ask.
Sean Pyles:
Yeah. You’re hopefully on your way unless your flight is canceled twice, but yes, it’s always worth asking. Next up, we have Kevin Berry. He leads multimedia content here at NerdWallet and happens to be my direct boss. You’ve heard his name in the credits of this show as a fact-checker and editor.
Kevin Berry:
I think my big money takeaway from 2023 is that automation of your money can be really, really valuable and super helpful when it comes to budgeting and planning. I spend, whatever, an hour every January looking at everything and the money coming into my checking account, and I had set up all these automated like, “Send this money here. Send this money to an investment account. Send this money to a savings account,” and just set it and forgot about it and let it do its thing this year, and then that has really come back to help me.
For example, the property tax bill showed up, and I was like, “Whoa, it went up, it’s thousands and thousands of dollars,” but then I went to my account that I’d set up for automated savings for property taxes because I knew this bill was coming, right? Kevin in January knew Kevin in November had to pay this bill, and lo and behold, the math held up and there was the right amount of money there, and that just took a lot of stress out of it. Yeah, I think my money lesson is invest in automation for things that you know you’re going to need to pay for or want to pay for, even like a vacation. That’s just been a real stress reliever and time saver on my end in 2023.
Sara Rathner:
Oh, man, Sean, automation can absolutely save your sanity. I have quite a few automated contributions in my own finances. A big one, two big ones, is I automate contributions for my largest expenses, which are my mortgage and daycare, and that comes out of my checking account into a joint savings account. My husband also contributes, and then the money is whisked away by an automatic clearing house once a month or once every other week, depending on the bill.
Sean Pyles:
Lovely. You just need to make sure that the money is actually automatically going into that checking account so it can then be paid elsewhere.
Sara Rathner:
Then there’s automation, obviously, into my retirement account, my 401(k) that I set up at work. If you work for a place where you have to opt into the 401(k) when you first start your job, do it. Because the longer you wait to get that started, the less money you’re able to save up, and you might even be missing out on employer match. If you’re starting a new job or if you have been in your job for a while, but you just haven’t bothered to set up your retirement accounts yet through your employer, maybe make this the year you do that.
Sean Pyles:
Absolutely. Well, I think I’m going to take a page out of Kevin’s book and set up automated deposits into an account for my car’s annual registration, because every year, June Sean curses every-other-month-of-the-year Sean for not saving up for that in advance. Okay. Our next piece of advice is from Hannah Cho. She’s our Nerdy vice president of content.
Hanah Cho:
This year, I’m really proud of finally sending up 529 college saving plans for my two kids. I have three kids, and I have one set up for my oldest, and I finally got around to setting up two for my youngest. I’m really trying to lean into taking advantage of time. They’re still very young where I still have probably 10 to 12 years before they head off to college.
Sean Pyles:
Yes. All of those years of investing and compounding will work wonders. Sara, I know you just had your baby like five minutes ago, but have you set up a 529?
Sara Rathner:
I have, so by the time my kid is 18, he’ll either be well on his way to college or he’ll be fighting in the climate war of 2041.
Sean Pyles:
That’s grim, but probably not inaccurate.
Sara Rathner:
It’s grim, but I want to set him up for a realistic life.
Sean Pyles:
Right. He’ll be able to buy plenty of munitions on the battlefield.
Sara Rathner:
Sean Pyles:
Well, Sara, you weren’t the only Nerd to procreate this year. Adam Smith did as well, and he’s all over the 529 planning.
Adam Smith:
In 2023, my wife and I actually had twin boys, and the first thing that came up once I heard that was knowing that I’ve got to pay for potentially two college educations at the same time, so another thing that crossed my mind was what if one of them goes to college and the other one doesn’t, or what if neither of them go to college? What’s the best way to approach this? We actually found that there’s a change to the 529 plan, which is how a lot of people save for their child’s college education, and so should your child or if one of our twins or both of them decide not to go to college in the future, you can actually roll the 529 plan into a Roth IRA, and the beneficiary of the 529 plan now becomes the owner of that Roth IRA. Traditional Roth IRA rules apply when transferring ownership, but, that being said, it’s a great savings vehicle for college planning or setting up a nice little nest egg for my twins in the future.
Sean Pyles:
You know what, Sara? I love that Adam knows that there are options for his kids, college or no college.
Sara Rathner:
Yes, and this is a huge way to get your kids started on their financial lives regardless of what they do after high school.
Sean Pyles:
All right. Up next is Alison McCoy, VP of brand marketing at NerdWallet.
Alison McCoy:
My husband and I, we’ve officially begun our home-buying process, and one of the best things we did this year was shop around for the best mortgage. I was pretty surprised at the options out there even in this high interest rate environment and feel really confident that we found the right option for us, that makes sure we’re not leaving any money on the table.
Sara Rathner:
Yes, always shop around for just about anything, but especially mortgage rates especially now.
Sean Pyles:
As Alison knows, we have a lot of mortgage and home buying information all over NerdWallet. We have a whole team devoted to that subject matter, and Abby Badach Doyle is a member of that team. Here’s her best money move of 2023.
Abby Badach Doyle:
This year, I learned the difference between an emergency fund and a rainy day fund. People use those terms interchangeably. I know I sure did, so I never really thought about it, but they’re actually two pretty different things. An emergency fund is for big major surprise expenses like major unexpected car repairs, new carburetor, and a rainy day fund is to help you pay for those things that aren’t necessarily emergencies, but are still outside of the scope of your typical monthly budget, like “Wow, the car is dirty after this camping trip. Can we please pay someone to do a deep clean and a full detail?”
Anyway, in our savings account, we’ve always used named sub-accounts for goals like holiday shopping and travel, but then we had this amorphous blob of money that I always felt so weird and guilty tapping into. Even though we’re disciplined savers and there was always enough there, it always just felt weird. This year, I split the blob into separate rainy day and emergency fund accounts, and that took away all of the stress and weirdness. Mentally, it was so helpful to not feel bad about spending money that I knew that we needed to spend on stuff that we knew was coming and to know that we’re still on track with our emergency savings for the bigger, unexpected stuff.
If you haven’t tried naming sub-accounts yet, I highly recommend it, and review the names often to make sure that they’re still working for you. If you need to set a savings goal for your emergency fund, try using an online calculator. NerdWallet, of course, has a great one. And then name that and separate it from your rainy day fund and from the rest of your other savings goals. That might be a small thing, but it was super helpful to me this year, and I hope that it helps you, too.
Sean Pyles:
Sara Rathner:
Sean Pyles:
Sara Rathner:
Sean Pyles:
I feel like we should do a chest bump or a high five after that. Anyway, Sara, do you have an amorphous blob of money that you feel weird and guilty tapping into?
Sara Rathner:
Always with the guilt, but the blob of money is divided into several smaller sub-blobs in the form of a few accounts with different purposes, and that helps me stay organized when it comes to deciding which accounts to use when I need to fund something.
Sean Pyles:
Love it. I mean, it’s no secret to devoted Smart Money listeners that I have many sub-blob accounts that I use on a daily basis. Also, nice call out to our NerdWallet calculators. Okay. On to our final Nerdy piece of advice.
Sara Rathner:
Already? That was fast.
Sean Pyles:
I know. Well, the good news is, Sara, that we’re always here, all of us, all of us Nerds, and we are here for you and our listeners. Our final guest is Amy Knight. She is a spokesperson for NerdWallet UK, and she has a money lesson to share about compound interest and the beauty of snowfall.
Amy Knight:
I have a money lesson to share about compound interest. This year, I learned how to explain the effect of compounding using a lovely seasonal analogy, snow. I think this is a great way to think about saving, and it can be helpful when you’re trying to start taking a longer-term view of your finances.
The lesson is this. You think of your money like snow. When you spend it, it melts and runs away, but when you save it, any new snowfall sticks to the snow that’s already there. New snowfall is your wages, maybe a bonus or holiday gift, an inheritance, maybe you sold an asset. Importantly, snow falls as interest. If you’re not actively saving, new snowfall is not going to stick. It’s going to melt and run straight out of your account.
We see in real life that fresh snow sticks a lot more when there’s already snow on the ground. I’m going to give a shoutout here to my friend Kim in Wisconsin who will soon be shoveling her driveway every day. You start with a thin layer, and as more snow falls, it builds up, and this is very like compounding. Gradually, your snow pile of savings compounds, and the bigger it gets, the more interest sticks to your money. As you watch it grow, you may be less tempted to melt the whole lot on an impulse purchase.
I’d love to know what you think of this analogy, Sean? This winter, if you are able to leave just a little savings in your account after the holidays, think of it like leaving a thin layer of snow on the ground ready for 2024’s snowfall to stick to. Don’t forget the Nerds can help you understand more about saving and investing. To discover how different financial products could work for you, just head to the personal finance section on NerdWallet.com.
Sara Rathner:
Well, that was lovely and spoken like a true spokesperson.
Sean Pyles:
Gotta love the plug. She does that for a living. I also really like this idea of snow as a metaphor for saving and compounding. Not only is it accurate, it’s also very soothing.
Sara Rathner:
Well, I’m closing my eyes here in Virginia, waiting for maybe a snowfall this year that, within minutes, will turn all black and sooty, if we even get snow at all because last year we didn’t.
Sean Pyles:
I’m hoping we get at least a little bit here in the Pacific Northwest. And also, shoutout to Kim in Wisconsin.
All right, and that’s a wrap on our year-end special series for 2023, but never fear, we’ll be back next year. In the meantime, if you have a money question of your own, turn to the Nerds and call or text us your questions at 901-730-6373. That’s 901-730 N-E-R-D. You can also email us at [email protected]. Visit nerdwallet.com/podcast for more info on this episode, and remember to follow, rate and review us wherever you’re getting this podcast.
Sara Rathner:
This episode was produced by Tess Vigeland. Sean helps with editing. Kaely Monahan mixed our audio, and a big thank you to NerdWallet editors for all of their help.
Sean Pyles:
Here’s our brief disclaimer. We are not financial or investment advisors. This Nerdy info is provided for general educational and entertainment purposes and may not apply to your specific circumstances.
Sara Rathner:
With that said, until next time, turn to the Nerds, and Happy New Year.
Fuel prices have been hovering at record levels around the United States for the past few weeks. Now is a good time to review the best ways to improve your gas mileage and save money at the tank. I scoured dozens of websites and read hundreds of tips — these are the best of the bunch.
Save Money With Your Vehicle
Purchase a fuel-efficient car The best way to save money on gas is to drive a fuel-efficient car. It’s probably impractical to replace your current car for something that costs less to run, but if you’re in the market for a new vehicle, keep fuel economy in mind. Consumer Reports has several lists of fuel-efficient vehicles:
A list of the most fuel-efficient cars they’ve tested (CR loves the Toyota Prius)
A list of fuel-efficient SUVs
A list of cars that combine fuel efficiency and performance
This calculator from fueleconomy.gov allows you to compare the cost difference between two vehicles based on their MPG.
Keep your vehicle well maintained A car in poor running condition will use more gas than one that has been tuned up. According to this checklist at Advance Auto Parts, a dirty air filter can reduce gas mileage up to 20%. They also note that spark plugs in poor condition can reduce gas mileage up to 12%.
Be wary of gas-saving products The U.S. Federal Trade Commission warns that most gas-saving products are bogus: “Be wary of any gas-saving claims for automotive devices or oil and gas additives. Even for the few gas-saving products that have been found to work, the savings have been small.” Consumer Reports says, “Don’t waste your money.”
Keep tires properly inflated Underinflated tires aren’t just dangerous — they devour fuel economy by as much as 25%! (I know this from experience — whenever I notice a drop in MPG, my tires are usually low.) Overinflated tires aren’t efficient, either. Also keep your tires balanced and in alignment.
Save Money by Thinking Ahead
Find the best prices Use the web to research the lowest prices in your neighborhood. For example, GasBuddy.com is “a network of more than 179+ gas price information websites that help you find low gasoline prices.”
Buy gas from a wholesale club Some Costco or Sam’s Club stores offer their members discounts of up to ten cents per gallon on fuel. Our local Safeway store gives us a three-cent discount on gas after we spend a certain amount on groceries. (Though we’d have to drive 25 miles to find a place to use it!)
Alter your commute time If possible, schedule your trips and errands for times when traffic is lighter. In an insanely detailed article, Omninerd found that commute times varied widely depending on the time the author left the house. If your company allows it, try coming in earlier or later in order to avoid rush hour.
Optimize your travel Consolidate trips: If you know you have to buy groceries, take your clothes to the dry cleaner at the same time, and then drop little Johnny at soccer practice. Combine multiple trips into one.
Lighten your load Carry only the bare necessities — don’t haul things in your trunk. “For every extra 250 pounds your engine hauls, the car loses about one mile per gallon in fuel economy.” [via Bankrate]
Reduce drag About half of your vehicle’s energy is expended overcoming air resistance. (The other half is expended in acceleration.) Reduce your car’s workload — remove anything that might cause drag: luggage racks, bike racks, ski racks, etc,
Save Money at the Pump
Buy gas on Wednesdays “Gas prices are statistically the cheapest on Wednesdays, but this is only true over a large number of days. It won’t be true every week.” Gas prices often jump before holidays, too. [via WikiHow]
Don’t go out of your way to save a few pennies on gas If it’s convenient to shop at a cheaper place, do so. If not, don’t. On a ten-gallon fill-up, saving five cents a gallon only nets you fifty cents. My car costs about 36 cents per mile to operate. It doesn’t make sense for me to go a mile out of my way to find cheaper gas.
Buy gas during the coolest times of the day “During these times gasoline is densest. Keep in mind – gas pumps measure volumes of gasoline, not densities of fuel concentration. You are charged according to ‘volume of measurement’.” [via HowToAdvice.com]
Use the right octane level for your car Using premium gasoline in an engine designed to run on regular doesn’t improve performance. Even some vehicles that call for higher octane fuels can run on regular unleaded, though with some loss of performance. (Check your owner’s manual.) You can save money by using the lowest octane rated gasoline that your car will tolerate.
Don’t top off your tank Trust the auto-shutoff. Overfilling can lead to wasted gas.
Be sure your gas cap is tight “Improperly seated gas caps allow 147 million gallons of fuel to vaporize every year in the U.S.” [via Advance Auto Parts]
Use a gas credit card I don’t like credit cards, but the best gas rewards credit cards can be a good way to save a few cents per gallon. Just be sure to pay off your balance at the end of the month!
The Nut Behind the Wheel
Drive at a constant moderate speed Edmunds.com found that the best way to improve fuel efficiency was to accelerate slowly and to brake over a longer distance. Aside from purchasing a new vehicle, this is the single most effective step you can take to reduce your costs. According to fueleconomy.gov: “As a rule of thumb, you can assume that each 5 mph you drive over 60 mph is like paying an additional $0.20 per gallon for gas.”
Use cruise control If you’re like me, your driving speed tends to fluctuate. Cruise control takes the human element out of the equation and keeps driving speeds steady. It’s the easy way to drive at a constant moderate pace.
Don’t idle Turn off your engine if you’ll be idling for more than thirty seconds. Starting your vehicle does use a burst of fuel, but not as much as allowing the engine to idle too long.
Anticipate stop signs and lights Plan ahead. The less you have to stop, the better your gas mileage. Make it a game to catch all of the green lights. Laugh at the other guy as he sprints from red to red.
Keep your cool Most people claim that it makes more sense to use air conditioning on the highway and to roll down the windows in city traffic. It’s commonly claimed that either method is going to reduce your fuel economy by about 10%. But according to research performed by found, there’s no real difference between driving with the windows down or using the air conditioner. Consumer Reports obtained similar results:
Air conditioning uses about 1 mpg, but safety (and comfort) increase with use. Opening windows made no significant difference in our gas mileage.
Do what works for you. (But please: don’t run your air conditioner with the windows open.)
Drive less!!! Walk. Ride your bike. Take public transit. Carpool. Combine errands. It’s obvious, but easy to forget: the less you drive, the less you’ll spend on gas.
Additional Resources
For more information on fuel economy, check out the following sites:
What are your favorite tips and tricks for saving money on gas?
How fuel efficient is your vehicle? Do you ever get the suspicion, as I do, that your car’s gas mileage is getting worse? Have you ever wondered how your mileage compares to other drivers? And what about the estimated mileage touted by the car companies? Does a Mini Cooper really get 37 miles per gallon?
Matt Haughey and Paul Bausch have launched a new site called Fuelly, which allows users to track their vehicles’ fuel economy and to compare data with other drivers. As you enter data for each fuel up, Fuelly tracks your average number of miles per tank, your average cost per tank, your fuel efficiency, and more.
If you’d like to compare information with other users, you may:
Fuelly is brand new, so data is scarce. Over the next few weeks, however, users will fill their tanks, and then people will then be able to compare mileage and track their own vehicles’ performance. (For a preview of extended data, check out dredpyrate’s 2004 Mini Cooper, which has data all the way back to the first of the year! It gets 32.8 miles per gallon.)
I think this is a great idea. Fuelly taps the power of the masses to compile real fuel efficiency data so that users can find ways to save money. Brilliant. Because Fuelly is new, it is not without bugs. Haughey and Bausch promise to squelch these soon, and to add new features, such as metric units and support for additional vehicles (like scooters and uncommon cars).
For many, summer vacations mean road trips. And renting an RV for that road trip is becoming increasingly popular. It’s a fun way to pile in the whole crew, spend more time outdoors, and not have to worry about booking hotel rooms along your route.
But if you’re planning your vacation budget, it’s important to know that when it comes to cost, how much to rent an RV for a week varies. We’ll break down what an RV weekly rental cost is and what factors affect it.
Where to rent an RV
If you’re ready to rent, there are plenty of platforms to choose from. Companies like Cruise America maintain their own branded fleet of RVs and travel trailers, as does Escape Campervans (which offers vans only).
Other sites like Outdoorsy and RVshare facilitate peer-to-peer rentals so you can rent someone’s personal RV or trailer.
Shop around before you book, especially if you’re looking for the best rate as prices and availability can vary wildly from company to company and city to city.
Depending on the season and the type of RV, you could expect to pay anywhere between $70 per night for a travel trailer to $170 a night for a class B motorhome or $250 or more for a luxurious class A. Here’s a breakdown of some averages for a weeklong RV rental with little to no extras included:
Towable trailer: $400-$800.
Class C motorhome: $1,100-$1,650.
Class B motorhome or van: $1,300-$1,800.
Class A motorhome: $1,500-$3,450
Since the price is based on the number of nights you reserve, the longer you rent, the more the total price will increase, meaning the cost of renting an RV for two weeks will be roughly double the cost of a one-week rental — before any taxes, fees, add-ons or upgrades.
Additional costs
Gas
The cost of an RV rental isn’t all you need to budget for, though. Keep in mind, especially if you’ll be driving long distances, that the cost of gas could add up quickly whether you’re driving a motorhome or towing a trailer. RVs are notorious for getting subpar gas mileage.
Other rentals may offer RV delivery options if you don’t want to pick it up yourself, but delivery costs extra, too. Some rentals even charge per mile after you drive a maximum distance, so make sure to pay attention to listing details before you book.
Insurance
You may also be required or invited to purchase additional insurance. Some rentals may come with basic protection, but make sure you read the fine print so you know what it includes. Some travel credit cards like the Chase Sapphire Preferred® Card cover car rentals, but not all coverage includes recreational vehicles, so do some research before you count on it.
Bedding and kitchenware
Other rentals may charge extra for things like linens, towels and dishes if you don’t want to bring your own. Cruise America, for example, charged $75 extra per person for pillows and sheets and $125 for essentials like cups, knives and cutting boards for one rental we researched, and one RVshare rental charged extra for bedding, essentials and optional upgrades like an outdoor table and chairs.
Campground
Then, if you’re not dispersed camping on free Bureau of Land Management land, you’ll also need to factor in the cost of a campground for the night, ideally one with electric and water hookups, which could be up to $100 per night for upscale campgrounds or as little as $20 at others.
What affects the cost to rent an RV for a week
There are plenty of factors that affect how much an RV rental will be, including RV size. For example, how much to rent a small RV for a week will be different from how much to rent a camper for a week (also known as a travel trailer), which will be different from how much to rent a large RV for a week. Here’s what else can affect the price of a rental:
Season: Some seasons, like summer, may be more expensive than others when demand is higher.
Location: Prices may vary from city to city and state to state.
Availability: How many rentals are available at any given time can affect the price of an RV rental.
Newness of the RV: Newer vehicles, especially more luxurious vehicles, can carry a higher cost.
Size or class: The larger the RV or the higher the class, and the more people it sleeps, the more it’s likely to cost.
Type: Travel trailers or towable campers tend to be less than drivable RVs.
Rental platform: Depending on whether you rent from a company with their own fleet or a website that acts as a broker for individuals renting out their personal vehicles, prices can be very different and include different things.
How much to rent an RV for one week
A towable trailer may cost as little as $400 for one week, but Class A motorhomes can cost several thousand dollars.
When budgeting for an RV rental, it’s important to shop around, search on different websites, consider the cost of camping and know what extras you’ll have to pay for to have the best experience.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:
I’m awful at maintaining my vehicles. Spectacularly bad. I have always relied on someone else to take care of oil changes, check tire pressure, and whatever else cars need to have done on a regular basis. When it rains, I congratulate myself for having washed the car.
I’m not into cars, obviously — never have been. Vehicles simply get me from point A to point B.
The problem is that the other people I rely on, like my dad and husband, also have their own cars and maintenance schedules to remember. And, as I found out last week, not maintaining my car will cost more not only in the long run, but also every time I fill up my gas tank. Don’t make fun — I really didn’t know this! The mechanic helpfully explained how fuel injectors affect gas mileage. I knew it was time to start taking better care of my car.
Thinking that perhaps others might not know these things, and with gas at more than $4 a gallon in some places, I thought we all could use a maintenance schedule to help us squeeze every last mile out of each gallon of gas and improve fuel economy.
The following schedule will help improve engine performance and increase the miles per gallon, so you can save money on gas:
Once a month: Check your tire pressure. Under-inflated tires can cause accidents; increase wear (meaning you’ll be shelling out for new tires sooner than you should); and waste 5 million gallons of fuel per day, according to the U.S. The Department of Transportation.
Give your tires a visual once-over whenever you fuel up, and once a month use a digital tire gauge to make sure your tires have the pressure level required for your car. You can find pressure level on a sticker in the doorjamb on the driver side or in the owner’s manual. You can improve your fuel economy by up to 3.3% by keeping your tires at the proper pressure, according to the U.S. Department of Energy.
Every three to six months: Change the oil. Changing the oil is important, but make sure you’re using the manufacturer’s recommended grade of motor oil, which will improve fuel efficiency, according to the U.S. Department of Energy and Environmental Protection Agency.
Although the accepted rule of thumb has been to change oil every 3,000 miles, Edmunds says that’s an outdated rule that wastes oil and money. The average car has an oil change interval of around 7,800 miles, but check your owner’s manual to make sure you aren’t going too long between changes, needlessly having them done too often.
Every four months: Rotate the tires. Neglecting to rotate your tires leads to increased road noise, lower fuel economy, and decreased traction. You’ll also be shelling out cash to replace your tires sooner. The general recommendation is to rotate your tires every four months or 5,000 miles, but some cars can go longer in between rotations.
Every year: Replace the air filter and get a tune-up. According to The Department of Energy, cars manufactured before the 1980s (those with carbureted engines) will see anywhere from a 2% to 14% improvement in MPG by replacing the air filter, depending on the current condition of the filter. Replacing a clogged air filter on modern cars (those with fuel-injected, computer-controlled gasoline engines), however, improves performance, but not fuel economy, according to a new study.
According to the U.S. Department of Energy, a tune-up can improve a vehicle’s gas mileage by an average of 4%, depending on the type of repair needed and how well it is done. A tune-up will include a comprehensive check of the car’s systems and fluid levels. Specific to fuel efficiency are replacing or cleaning the spark plugs and wires; replacing the distributor cap, fuel filter, PCV valve, and oxygen sensor; and cleaning the fuel injectors, if needed.
These services can yield significant savings in terms of MPG. The Department of Energy reports that fixing a faulty oxygen sensor, for example, can improve mileage by as much as 40%. Clogged or restricted fuel filters will reduce engine performance and allow dirt into the system, which wears on the engine. (Some manufacturers recommend replacing fuel filters every 2 years or 24,000 miles, others every 3 years or 36,000 miles.)
Finally, remember that these are just general guidelines. Before setting a maintenance schedule, refer to your car’s service manual. Some mechanics might push more frequent tune-ups or oil changes, but it’s best to stick to the factory recommendations to make sure you’re getting the maximum MPG and not overpaying for unnecessary services. Just because the sticker on your windshield says to get an oil change every 3,000 miles doesn’t mean that’s right for your vehicle!
This guest post from Michelle Russo is part of the “reader stories” feature here at Get Rich Slowly. Some reader stories contain general “how I did X” advice, and others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity, and with all sorts of incomes. This story is perfect for Memorial Day weekend, which kicks off the summer holiday season in the U.S.
I’ve traveled the continental United States, sampling a wide variety of cuisines, and I can say without reservation that the best meal I’ve ever eaten was a hamburger at a fast food chain just outside Mount Rainier National Park. But in all fairness, I’d spent the past nine hours climbing a mountain, the granola bars were long gone, and I was beginning to see spots.
Twice I’ve spent a month driving across the country, from Philadelphia to San Diego and back. I’ve logged over 20,000 miles, and I’ve seen more during that time than all the rest of my vacations combined. I’ve also done it for less than $2,500.
If your idea of a vacation involves a pillow-top mattress and spa treatments, this isn’t the trip for you. But if you don’t mind sacrificing a bit of comfort for the sake of adventure, here’s how to do it.
Logistics aren’t Easy
A month-long trip is a luxury in time alone. My teacher husband had no issues, but the majority of us will need to do some finagling. First, I saved all my paid time off for two years. This meant no holiday breaks, no long weekends, nada. Second, I approached my boss with a three-month plan: a detailed list of what I would accomplish leading up to the vacation, what needed to be done while I was gone, and where I would pick up upon my return. Bullet points listed resource materials, contacts, and due dates for each project. Because she could see that I would be working ahead of schedule and understand how to manage in my absence, she was open to the idea.
Online bill pay was invaluable, and checking our credit card site on the road helped us adjust our spending as we went. Snafus like underestimating gas usage were immediately obvious and easily managed by cutting costs elsewhere to stay on track. To keep receipts organized, we categorized them and mailed them home every few days.
Love Your Car
You will become intimately acquainted with your vehicle during this trip, so start off right. Check it thoroughly, and spring for a professional inspection if you aren’t mechanically inclined. Remember that you will be driving through vastly different climates and elevations. Are your tires up to it? Change the oil before you leave, and be prepared to change it again during the trip. When you’re logging hundreds of miles a day, your maintenance plan accelerates quickly.
Realize, however, that you can’t account for everything. In Oregon a strange wobbling made us stop for a check-up. We learned that our mechanic hadn’t balanced the tires when installing them—something we thought was common sense. They were worn through to the cord in several places and had to be replaced immediately. That was a $165.84 bill we hadn’t anticipated, and we had to cut several destinations off our list to make up the cost.
Tell the Nice Credit Card People
Most of us are creatures of habit. We go to the same stores and spend roughly the same amounts from month to month. If you suddenly start logging transactions all over the country, your credit card company may wonder who made off with your wallet. Call them before the trip and ask them to note that you will be traveling extensively in the near future. It’s better than sleeping at a gas station because the 24-hour pump rejects your cards and there’s no one around for miles. Not that I would know.
If you’ve been thinking about researching rewards credit cards, now is a great time to follow through. Gas cards will probably be most profitable, but make sure you aren’t locked into a single company that has limited availability.
Pack Lighter Than You’ve Ever Packed Before
Everything you put in your car is taking up room you could be using, and creating weight that affects your gas mileage. Gas will probably be your most expensive category on this trip, and a month’s worth of supplies hauled across ten thousand miles adds up. On the first trip, we borrowed a rooftop cargo carrier, which acted as a drag parachute and dramatically affected our gas mileage. On the second trip we fit everything into my two-door coupe, cutting our gas total from $928.77 to $736.73.
Use multi-tasking and unisex health and beauty products, and streamline your routine. Avoid liquids whenever possible: several specialty chains offer shampoo in bar form. Wear basic clothing that can be mixed and matched, and layer in lieu of bulky coats. Suitcases themselves are often heavy, so consider lighter options like duffel bags. We used ten-ream paper boxes: they’re lightweight, strong, and stackable.
One heavy item you can’t do without is quarters. Packing a month’s worth of clothes is impractical, both financially and spatially. Laundromats will keep your load manageable. Coolers are another heavy item that will save you cash. Grocery stores always have sandwich ingredients and snacks, and will help you avoid overpriced gas station goodies and fast food. Buy reusable cold packs to cut down on the amount of ice you’ll need. These also come in handy in case of hiking mishaps with clumsy people. Ahem.
This ain’t the Ritz
Rest stops don’t have chocolates on the pillows. Campsites don’t have turndown service. If you want to stretch every cent, you have to get used to the idea that hotels are not your friends. You’re paying for a place in which to be unconscious. A relaxing vacation has its place—there’s nothing like waking up late and sitting poolside in a foreign land. On a trip like this, though, you’re balancing comfort against experiences. Every bed you sleep in cuts a slice out of your destinations. Only you can decide on the ratio that makes it worthwhile.
We stayed in hotels about six nights of each trip, totaling $559.51 and $446.91, respectively. We gave in only when we couldn’t take it anymore and needed a bit of civilization (and plumbing). As nature buffs, we weren’t overly concerned with what the moose would think of our hat heads and wrinkled tee shirts. Someone planning to spend time in urban areas will probably want more access to hair dryers and ironing boards.
Plan in Excruciating Detail — Then Throw it Out the Window
Every time we thought we knew exactly where to eat or what to see, fate threw us a curveball. Mount Rushmore was crawling with bikers in town for Sturgis, and prices for everything had tripled. Mesa Verde was undergoing extensive roadwork, and our quick drive through turned into hours of gridlock. Glacier National Park was on fire, and thus not good for hiking. Or camping. Or breathing.
Learning to roll with the punches resulted in some of the best memories of each trip. After finding a well-reviewed California restaurant closed for renovations, we drove down the coastal highway and stopped at a little Mexican dive barely hanging onto the cliffs overlooking the ocean. I don’t know what it was called or how to get back there, but the food was amazing and the scenery was one of a kind. I’ll never forget it.
You’ll be Surprised
When we tell people about living out of our car during our trips, the most common response is “Ewwwwwww”. Reclining in the driver’s seat isn’t the most restful night you’ll ever spend, but I guarantee that your encounters will make up for it. There’s nothing like opening your eyes to the sight of the sun rising over Little Big Horn, or being woken by the rustling of an elk and her calf grazing just ten feet away. Immersing yourself in the spirit of the road trip will bring you closer to your destinations in a way you never anticipated, while also freeing up enough cash to make the trip truly memorable.
Inside: Learn why you may want to drive a beater car. Plus find tips to make sure you are getting a good deal.
Okay, let’s preface with… my dad has been in the car industry for over 40 years. So, I have grown up in dealerships, car garages, and service centers. My friends call me an expert, but I prefer to just be helpful so they don’t overpay when buying or getting repairs done.
Now, that authority is established, let me help you understand the beater car mentality.
If you are looking for a cheap used car, but don’t know where to find one, check out this guide that will help you get started.
Buying a used car can be tricky. It’s not just about finding one that is inexpensive, but also getting the right size for you and your lifestyle.
There tends to be more mystery surrounding what it’s like buying a new car from the dealership than an old one from somewhere else.
The main reason is that usually, they do not disclose how much of the price tag is going towards depreciation. What happens when your brand-new vehicle goes through years worth of wear and tear? It depreciates at a staggering rate and you end up with the same old car that’s only worth what is left of it.
Did you notice that keyword in the last paragraph – depreciation!
For many who are choosing to lower their costs and pursing FIRE movement, they know that a brand new car will depreciate the most within the first five years.
In this article, I will be shedding some light on how to find a cheap used car in your area if you are shopping for one. Also, if you are maintaining a beater car, you will find the tips to make sure your car lasts many more years.
Driving a beater car is not a sign of being poor or reckless. You still need proper auto insurance to drive.
With this guide, you’ll find out which cars have what features and quality that will fit your needs and lifestyle. Now, let’s find a car with features that are important to get around town and save your wallet!
What Is a Beater Car?
A beater car is usually an older, higher-mileage vehicle that still runs and is legal to drive.
The term “beater” was coined because many of them have cosmetic damage and mismatched paint.
A beater car is rarely pretty but “gets the job” when it comes to getting you and yours from here to there.
What is the point of a beater car?
A beater car is a reliable and easy-to-fix car that is cheaper than a new car.
The point of a beater car is to save money and reduce the amount of maintenance that needs to be done on it.
It has little intrinsic value, & while not “easy on the eyes,” a beater car is generally a smart choice to wear into the ground.
There are many advantages to buying a used car, including insurance savings, tax breaks, and lower operational costs.
Beaters can also provide peace of mind because they are easier to repair if something does go wrong.
Should you drive beaters?
People are in different situations when they are buying cars.
The best customers for cheap cars are either first-time car buyers or people who have to save some cash to reach a financial goal they set in place.
On the other hand, if you like reliability, make income from your car, enjoy looking good, or do not know your way around a car, maybe you should skip a beaters car.
How Can You Recognize a Beater Car?
A beater car is a car that is older and cheaper than other cars in its class. It may also have high mileage or corrosion on the body. You can look for these signs to help you identify a beater car.
More than likely, they will be easy to spot. Many common ones include Honda, Toyota, and Suburu. Those are the engines that can keep on running!
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Is a Beater Car Worth It?
Well, there are two sides to the coin on this one. So, we will present both arguments first.
Definitely Worth It
Simply put, a beater car is one that doesn’t cost a lot of cash. You can find reliable and affordable beaters if you know where to look. In most cases, the best way to find a cheap used car is by checking out local classified ads or online listings.
Beater cars are a great way to save money on all sorts of fronts.
For starters, they’re cheaper to buy than most other cars. Additionally, used cars can help with taxes, insurance, and maintenance costs.
In short, a cheap car is a great way to get around while keeping your expenses low.
Um, Hello – No!
A beater car is not worth it. There are many reasons why you should not buy a beat-up vehicle. The first reason is that they are cheap, and the owner will most likely not take care of them properly. Not only will the car need repairs, but you could also have to buy a new one.
Didn’t you know that you can lease a vehicle for next-to-nothing with a low-interest rate? (p.s. don’t fall for that line. Leasing a car is the worst thing you can do financially. That is a post for another day on leasing vs buying a car.)
All in all, it depends on what you need and what you can afford at the moment. For many, the answer to this question is yes, but only if you are looking for a cheap car.
What is the price of a beater car?
A used car is a vehicle that has been previously owned, so it has depreciated in value.
The price of a beater car is difficult to determine and varies depending on the quality of the vehicle, its condition, and what it might have been used for. Typically, you can find a solid mechanical vehicle for around $5000.
You can always check against the KBB price and run the VIN to check its reported history.
Beater Car Benefits:
The benefits of a beat-up car are listed here. Many people are proud of their vehicles and proudly want to be a part of the 200k miles club.
They include the opportunity to drive around with no maintenance, the ability to use it for parts, and the freedom from monthly payments.
A used car is cheaper upfront than a new car.
Cheaper on insurance. Beater cars require minimum coverage, so they’re cost-effective for monthly expenses.
A beater car is cheaper on gas (this is true for sedans; not so much for SUVs or trucks.)
The car will retain its value and not depreciate much more.
The car can still be sold for what was paid for it, as long as it is in the same condition.
Now, let’s dive a little deeper into each of these.
#1. Cheap Price
One reason to prefer a cheap car is because of the low price point.
For the first time ever, the price of a new car tops $47000 – an all-time high (source). That is a whole lot of money especially when it loses most of its premium in the five years.
Driving a beater may not feel as luxurious as driving a newer car, but the cheap price point lets you save money.
#2. No Car Payments
There are many benefits to not having car payments.
One of the most obvious is that you save money. In addition, not having car payments can also reduce stress and anxiety levels, because you’re not as tied down to a monthly payment.
It is not normal to have a car payment your whole life. That lifestyle will cost you a fortune with lifestyle creep.
#3. Cheaper Gas
Old and beaten-down cars that don’t require premium fuel will be heaven for your wallet, saving you hundreds, maybe even thousands of dollars per year.
Gas prices vary throughout the day, so drivers should plan their trips around the cheapest prices. In addition, using a cheap car can save you money on gas in the long run.
#4. Cheaper Parts
First of all, you need to find a reliable mechanic or be able to do some of the work by yourself.
In addition to being cheaper, older car parts are also easier to find. Car parts are still available from common car manufacturers, so you don’t have to go through a premium supplier to get what you need.
Additionally, the older vehicles do not have the fancy chips like the newer cars that make the cost of parts increase and the difficulty of getting those types of parts.
#5. Minimum Insurance Coverage
Buying a used car saves money on car insurance.
You only need to meet the minimum insurance requirements of your state, and you don’t have to worry about finance companies taking out full coverage collision and comprehensive insurance.
However, you may want comprehensive coverage if the cost is minimal compared to replacing the car. For instance, if you pay an additional $50 per year for full comprehensive coverage that will give you the $5k worth of your car back if something happens. That may be worth the extra cost.
Plus driving a car with a lower resale value can help save on vehicle taxes.
#6. Less Depreciation
Older cars have already depreciated in value over the years, so they aren’t going to lose much more during the period of your ownership.
Plus if the engine gives out, you can always sell it for scraps and parts at the local junkyard. That will help you recoup costs for another one.
Remember, you wipe away value from your brand new car once you drive off the dealer’s lot (source). This is a hot debate on whether your car is an asset or liability.
#7. More Freedom
When you are not bogged down by expenses of maintaining a high-value car, you have more freedom.
This is more freedom in your budget and more time freedom as you don’t have to work hard to pay for your mode of transportation.
Think about it… if you invested $500 a month for seven years at the average rate of return of 8%, you would have accumulated $55,000. Compounding interest will do amazing things for your net worth.
Beater Car Downsides:
Saving money is the biggest benefit of buying a used car.
Beater cars are potentially less safe than modern cars.
Long-distance car rides might not be possible with a cheap car
Downsides to having a good beater car include the possibility of breaking down and being far away from home if needed.
Possible more maintenance.
There is more risk. You don’t want to gamble.
#1. Less Safety
Cars from before the 2000s don’t have the same crashworthiness as newer cars.
This is a factor that you cannot deny and a serious factor when considering your purchase.
In a collision, they are more likely to sustain damage and injure the passengers inside.
#2. Low Probability of Longer Trips
These are great for commuting around town and getting you to and from.
However, there is a low probability you want to use them on longer trips.
Given there are many things that could go wrong, you don’t want to break down far from home or even a nearby city where you can get repairs done.
You don’t anticipate needing to take this car on long trips in the near future because there is a low probability of needing to take it on longer trips. This is due, in part, to the fact that it doesn’t have great gas mileage and you don’t think you’ll need to use it for long distances.
#3 – Higher Maintancence Costs
You always need a sinking fund for repairs when you own a beater. Period.
You are one drive away from something going out and needing to be repaired.
Also, you need to find a quality mechanic that thrives on keeping older ones running without nickel and diming you along the way.
You cannot use a dealership service center to maintain your baby.
Which Are the Best Beater Cars?
The best beater cars are cars that are cheap, have low mileage, and are easy to repair. The cars are great to use as a daily driver, but they are not ideal for long distances.
Cheap cars can be a good option for car buyers on a tight budget or for young drivers.
There are many reasons to consider buying a used car over a new car, but the decision ultimately depends on the buyer’s needs and preferences
What are some good beater cars?
These reliable beater cars can be a great way to save money on car buying.
Some of the better cars to choose from that would make for a great beater include Toyota Corolla, Honda Accord, and Honda Civic.
They are old, but still in pretty decent shape. All in all, you want to look for one that is very well maintained and highly cared for. The ones sitting in your grandparent’s garages that were hardly driven and immaculately maintained.
What to Check Before Buying a Beater Car
The best way to ensure that you’re buying a good quality car is to do some research and make sure you know your facts.
All dealers are not created equal, so it’s important to check out what other people are saying about the dealer. Also, make sure that the car you’re buying is in good condition and has a clean title.
Many times, a beater is a car that is used to transport things such as furniture, trees, etc. Sometimes they are usually not very well maintained and maybe not very well cared for.
However, a used car can still be a good car for someone who is looking for a cheap car and does not care about the condition of the car.
Specifics to Look For:
Low mileage
Consider the brand/model
Fuel economy
Exterior and interior condition
Reliability
Maintenance history
Number of owners
Number of accidents
Anything rebuilt like the engine
For example, one of the Toyota Corollas I owed was older but had a new engine installed. Thus, the value of the Corolla was higher as the engine had minimal miles on it.
In fact, here is a picture of it… doesn’t look like a junker right?!?!
Questions to Ask Yourself:
Before buying a used car, you should check the following:
Is it in good shape?
On the engine, is it manual or automatic?
Is it the right size for your needs?
Does it have enough power?
Does it have enough room?
Is it reliable?
Is it comfortable?
Easy to drive?
Is it safe?
How to Buy a Beater Car
When buying a beater car, you should check the following things:
1. Finding One to Buy
Many times, this will be the hardest part. Sometimes, the easiest if someone needs to get rid of one quickly.
Try buying a beater car from friends or family.
The next place to check is your mechanic. Remember, they are your best friends in this process and always know the movement of these types of cars.
Also, you can check online – Facebook Marketplace, NextDoor and Craigslist are great options but follow your instincts.
Lastly, you can try a local dealership. However, be very careful as you don’t want to be scammed or pay more than the car is worth.
2. Check the VIN Number
VIN stands for Vehicle Identification Number. A VIN is a serial number that identifies the make, model, and vehicle type of a motor vehicle.
The VIN number is a unique identifier for a car that can be used to learn about the car’s history and identity. The number is usually 17 characters long and contains both numbers and letters. It can be found on the dashboard, driver’s side door, or engine of the car.
More importantly, it can be used to learn about the car’s history and identity, including its make, model, year of manufacture, and more. Even if the car was stolen.
3. Look at Mileage
Beaters usually have high mileage, but how high is too high?
Do your research for what could be a red flag. Look up how the specific make and model you’re considering holds up in high mileage.
In this regard, lower is better, although beaters will generally have higher mileage than a newer used car. Look for beaters with 80,000 to 150,000 miles on the odometer, but don’t go over 150k miles. You want to drive it into the 200k mile club, right?
4. Run the Auto History Report
You want detailed information on a car’s history, including maintenance and repair records. This can be helpful in determining whether or not a car has been well taken care of. If a car has had many owners in a short period of time, it may be an indication that the car was neglected.
The VIN number (vehicle identification number) helps you obtain a vehicle history report by running through a service, like CARFAX. Companies like VINCheck.info and AutoCheck provide vehicle history information, too.
A good indication that a car may have been neglected or doesn’t run well is the fact that it has had many owners in a short period of time.
5. Checked by Your Own Mechanic
If you haven’t figured it out by now, a trusted mechanic is a must!
Before agreeing to the purchase, you must have the vehicle independently audited by your own mechanic. This may come at a small cost, but it is better to know the condition of the mechanical systems before you purchase.
Also, your mechanic can tell you what you should pay for it as well as any outstanding repairs or maintenance that needs to be done.
6. Passed State Inspection
When buying a car, it is important that it passes state inspection. If it doesn’t, you may end up spending more cash on repairs and/or fines.
You can ask for the last inspection report. If it has been more than a year, it is worth testing it again.
In any case, you don’t want to buy a car only to have it break down on you soon after.
7. Take it for a Test Drive
When you’re looking to buy a used car, it’s important that you take it for a test drive. This allows you to listen to any loud noises and also gives you a chance to feel the car out.
If something doesn’t feel right, then it’s probably not the right car for you.
When you’re looking to buy a used car, it’s important that the seller allows you to take the car to a mechanic for a test drive. If they don’t, it’s probably because they’re trying to hide something and it’s best to move on.
Fixing a Beater Car:
The best option for fixing a beater car is always to do the repair yourself. This will save your finances and allow you to learn more about how your car works. There are a variety of resources available online that can help you with this process, including videos, articles, and forums.
If you find a car with engine problems, you will need to consult a mechanic. The problem may be something simple that is quick fixes with a tune-up, or it may be more serious.
If the cost of repairing a used car is almost as much as what you paid for the car, then it may be time to move on.
Selling a Beater Car:
The process is very similar to buying it except now you are the seller!
The same places you would look for one would be the same places you would sell it – friends, NextDoor, Craigslist, mechanic, or Facebook Marketplace.
You might even be able to get some cash for your beater car by trading it in at a dealership. The dealership will likely give you less than if you had sold the car to a private party, but it’s better than nothing. However, some dealerships have pretty awesome trade-in policies to get you in a new and more expensive ride!
Reasons NOT to Buy a Beater Car
The most common reasons not to buy a used car are that they are very expensive to fix, impractical in terms of fuel efficiency, and require more time and effort than expected.
However, those of us who have owned older sedans, SUVs, or trucks know the significant savings associated with it and get many weird looks for others.
Top 10 Reasons NOT to Buy a Beater Car:
You want/need a good-looking car.
High reliability is a priority.
You are a one-car family.
You will lose your mind trying to fix it.
It’s going to break down and you’ll be stranded somewhere, losing money.
You will have to get a new car eventually anyway.
It’ll cost you more money in the long run because it’s not worth fixing up and selling later on.
You won’t be able to sell it for what you paid because it’s too beat up.
You think leasing a car is a better deal.
Deep down, you think a car payment is normal.
Is an Older Beater Car an Issue for You?
Beater cars can be a good option for people who want to save money on their car costs.
There are many advantages of a cheaper car including avoiding car loans and down payments, cheaper gas, and minimal insurance requirements. Plus used cars have already lost much of their value and are a better investment.
Maybe a full one beater isn’t right for you, but maybe a seven-year-old minivan with 85,000 miles is perfect.
In all honestly, people who are looking for a cheap car should consider buying an inexpensive car instead of a luxury car.
Now, I want to hear your favorite stories about your precious gem and how many miles it lasted…
Know someone else that needs this, too? Then, please share!!