Filed under: Etc.

That knocking sound, those screeching brakes, the worn tires. All signals that trouble is either here or just ahead, and your car needs to go in for repairs sooner rather than later. Are you going to be ready for the bill that comes along with the repair work? According to a study by
AAA, there's a good chance you won't be.
One in four American drivers wouldn't have the funds available to pay a repair bill of $2,000. If the tally drops to $1,000, then one in eight drivers would still be unable to pay the mechanic. It's not like those totals are out of line for a major repair, either.
If you need transmission work done, you can quickly climb into the four-figure range. Engine work? Keep climbing. Don't forget about the rubber on the road either, as a new set of tires certainly starts in the low hundreds but rapidly rises into the low thousands for higher-performing hoops.
Because of the costs associated with maintaining an automobile, and given the current economic climate, a quarter of all motorists say they are neglecting needed repairs. The problem is, that could lead to a worse situation down the road.
How are you preparing for the unexpected? Are you hoping for the best or stashing cash just in case? Sound off in the comments.
Continue reading AAA says one in four Americans unable to afford major car repair
AAA says one in four Americans unable to afford major car repair originally appeared on Autoblog 5.0 on Thu, 04 Aug 2011 16:01:00 EST. Please see our terms for use of feeds.
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CommentsSource: http://www.autoblog.com/2011/08/04/aaa-says-one-in-four-americans-unable-to-afford-major-car-repair/
Helm Glöckler Paco Godia Carel Godin de Beaufort Christian Goethals Paul Goldsmith José Froilán González