What is the financial cost for buying a new car every 2 years versus every 8 years?
Before getting into any Phoenix auto repair details, let me give you a brief background about myself and investments. Back in a prior life, I was a Financial Planner. Early-on, I learned the time-value of money through managing and growing a multi-million dollar portfolio. In this day and age of high unemployment and limited economic growth, it is essential that we carefully consider where our hard-earned money is spent. As we all know, financially speaking, automobiles are almost always a bad investment. Typically, when we purchase a new vehicle, it loses 11% of its value the moment we drive it off lot and 20-25% thereafter each year we own it. 1-www.edmunds.com.

Knowing that we lose money when we purchase a vehicle, the objective now becomes, how do we minimize our losses? It’s simple, hold onto and maximize the use of our vehicles by repairing them. Missing something as simple as a Phoenix oil change could have a great impact on the overall health and longevity of a vehicle. If one part of the machine starts to deteriorate, the rest of the vehicle has to compensate for the lagging item. This then causes increased wear on all other components. This is often seen in older vehicles; when one part fails, many others follow. 

Without a doubt, buying a new car every couple of years can give us a sense of pride, but as you’ll see, if you do the math, it just doesn’t make sense. So first, purchase something with the intention of driving it for 8 or more years. If this doesn’t sound appealing, then maybe this will convince you...

This example is best illustrated using the time-value principle; so let’s see just how much you’ll save over a lifetime. Beginning at age 18, if you purchase a new car in Phoenix every two years until age 68, you will have spent approximately $800,000. This conservative estimate assumes that your trade-in has no negative equity plus, every couple of years, I’ve increased the purchase price by 3.5% to be in pace with inflation. Having said that, if you were to have these same assumptions but trade in your vehicle every 8 years, over a 50 year time span you would have spent about $400,000 (this even includes incorporating in an extra $1,000 per year for maintenance since the vehicle will be older. That’s a $400,000 savings! If a savings of $400,000 isn’t impressive enough, just wait.

Getting back to the time-value of investments, if you were to take that $400,000 you saved and divide that by 50 years, it breaks down to $8,000 per year or $667 a month. Take that $667 per month and invest it into the S&P 500 Index over 50 years (with a historical growth rate of 10.2%) and 50 years later, you should have just over $10,000,000! Yes, you read that right, $10 Million Dollars. Granted, there were several assumptions that brought us to this number, and this scenario lapsed over a lifetime, but it is still very realistic. The moral of the story? Keep your vehicle longer, keep your vehicle’s service needs it up-to-date, and keep saving money. We at Bays Auto are committed to helping you achieve these goals and get a piece of that $10 Million with our Phoenix car repair.

We'll save you even more money by offering our Phoenix auto repair coupons.
Copyright 2017: Bays Auto Repair Service and Tires. Phoenix Car Repair. All Rights Reserved. 
8545 N. 7th Street, Phoenix, AZ 85020 
602-404-2000 | info@baysphoenixautorepair.com

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Bays Auto Phoenix 85020 Auto Repair
8545 N. 7th Street, 
Phoenix, AZ 85020 
(Just South of Dunlap)
Open Mon - Saturday
602-404-2000
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To Repair or Not to Repair; That is the Question...
Bays Complete Auto Repair is a family owned full service automotive facility located at the heart of Phoenix Arizona. We have been specializing in Gas and Diesel Repair since 2010. We pride ourselves on quality repair and fixing your truck right the first time, whether you drive a Powerstroke DieselDuramax DieselCummins Diesel, or Isuzu Diesel. Because for business professionals that work their trucks hard all day every day a broken truck can can you a lot of money in lost revenue. So at Bays Complete Auto Repair we expedite the repairs and service of fleet and business professionals. 

Repairs on todays advanced diesel engines can be difficult, but never fear because we have the staff to handle it. From minor to major repairs, electronic or mechanical, fuel systems, regular maintenance, brakes, suspension, PTO units, Trailer light, 4WD, Air Conditioning. Anything that goes wrong with your truck we got it! From the headlights to the tail pipe we do it all. Bays Complete Auto Repair has you covered.  Our ASE certified technicians routinely keep up with new models and systems with dealer level training. See how our ASE Master service professionals make the difference in your personal or service fleet vehicles. We also offer drop off services and free shuttle anywhere in the Phoenix area. We are Fleet Service in Phoenix, Az. Whether you need service on your CNG, gas or diesel powered vehicle, we have the equipment and information for every make and model made today. There are a lot of choices when it comes to your repairs and we appreciate the trust and faith that our customers have in Bays Complete Auto Repair.

Diesel engines are certainly designed to deal with the difficult jobs that the normal engines simply can’t handle. This however does not mean that they can continue to perform without the proper maintenance. Diesel engines still require the basic services of fluid changes and the occasional tune up. But beyond that, there are a few services that require a little special attention.

Fuel Filter – An interesting thing about diesel fuel is that fact that life can actually survive inside the fuel. The only reason to bring this up is to mention that the fuel filter must be changed about once a year or it can be clogged by these life forms and starve your engine of fuel.

Fuel injection – Diesel fuel injectors tend to go through more abuse than their standard counterparts. This means that the occasion to deal with fuel injector problems can arise more often than if you were driving a regular gasoline engine.

Engine Leaks – Diesel engines can tend to spring leaks in the strangest of places. Because of the additional strain that is often placed on a diesel vehicle, pieces can often jostle loose and cause a diesel engine leak. These kinds of leaks must be addressed as quickly as possible because serious damage can be done in very short order.

Ultimately, when it comes to your diesel repairs, it is most important to have a certified professional address any and all diesel problem that can arise. We take great pride in the fact that our technicians are certified, experienced professionals that can restore your vehicle to health in a timely, complete manner.

Thank you for visiting Bays Complete Auto Repair.  
$79.95 Diesel oil change & filter (most trucks)
20% off labor on any diesel fuel injector repair or service.  
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