How much does car maintenance cost in Canada?

Recent DesRosiers Automotive Consultants’ Light Vehicle Study estimates that Canadians pay $796 for vehicle maintenance each year on average. You can use this number when calculating your total monthly and annual expenses.

How much does it cost to maintain a car in Canada?

A few things Canadians may not know about the cost of their vehicle: Excluding depreciation, fuel tends to be the most costly annual expense for drivers, costing on average $1,500 for a compact vehicle. Routine scheduled maintenance costs can range from $500 to $700 a year.

Is car maintenance expensive in Canada?

According to the Canadian Automobile Associate (CAA), the average cost for routine, scheduled car maintenance runs between $500 and $700 per year. … According to these averages, you should plan to spend the equivalent of roughly $150 per month on maintenance.

How much does the average Canadian spend on car maintenance per month?

What is the average cost of owning a car per month?

Car expense Monthly budget
Maintenance $190
License and registration $10
Insurance $160
Total monthly cost: $740
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How much does it cost to maintain a car annually?

In 2017, AAA found that, on average, new vehicles cost $1,186 each year to maintain and repair. In this example, maintenance, car insurance and fuel add $351.50 to the monthly cost of owning a car.

How much should I budget for auto maintenance?

A General Industry Estimate. AAA recommends that you save at least $50 a month, per vehicle, to cover routine maintenance and prevent you from having to go into debt when your vehicle needs a repair.

How much money can you save by not owning a car?

In total, you would theoretically be spending $7,972 every year for the first five years. (Their math, not ours). If it’s any consolation, a writer at Kiplinger can back up the math as they reportedly saved $5,000 per year by not owning a car. So the savings are real!

What is the cheapest car to maintain in Canada?

Keep reading to learn about the top 10 cheapest cars to maintain so that you can save even after purchasing your vehicle:

  • #7: Nissan Versa. …
  • #6: Toyota Corolla. …
  • #5: Toyota Tacoma. …
  • #4: Honda Fit. …
  • #3: Toyota Camry. …
  • #2: Kia Soul. …
  • #1: Toyota Prius. …
  • Conclusion.

What car brand costs the most maintenance?

According to the research done by YourMechanic, these are the most expensive car brands to maintain over years:

  • BMW.
  • Mercedes-Benz.
  • Cadillac.
  • Volvo.
  • Audi.
  • Saturn.
  • Mercury.
  • Pontiac.

What car brand has the lowest maintenance costs?

Without further ado, here are the top five car brands known to carry the lowest maintenance costs.

  • Toyota. Arguably, Toyota has the lowest maintenance costs compared to other car brands. …
  • Mazda. Mazda has an average repair cost of $286, according to CarMD. …
  • Honda. …
  • Hyundai. …
  • KIA.
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What is yearly car maintenance?

According to AAA, the average cost of owning a car can cost you $10,773 on average per year. It typically costs $6,354 for a small sedan and $10,054 for a pickup truck. In California, these costs are much higher than the rest of the nation. … Maintenance Costs – The average price for car maintenance is $1,186.

How often should I service my car?

How often should I service my vehicle? It’s recommended by manufacturers and mechanics alike, that a car should be serviced every 12,000 miles or every 12 months, whichever happens first.