What is the typical annual cost of maintaining a car

Subject : Business

Question: What is the typical annual cost of maintaining a car?

a) $500

b) $1,500

c) $3,000

d) $5,000

Expert Verified Solution:

The typical annual cost of maintaining a car can vary based on factors such as the make and model of the vehicle, driving habits, and location. However, a general estimate for the average cost of maintaining a car annually is:

c) $3,000

Explanation:

This estimate includes routine maintenance such as oil changes, tire rotations, and minor repairs, as well as potential costs for unexpected repairs and servicing. Keep in mind that this is a general average, and actual costs can vary widely. For example:

$500 might be too low unless the car is relatively new and maintenance needs are minimal.

$1,500 could be realistic for a well-maintained car with fewer issues but may not cover all potential costs for an older vehicle.

$5,000 might be applicable for luxury or high-maintenance vehicles, or if major repairs are needed.

Always consider personal factors and consult with local repair shops for more accurate estimates.