How much do you save for car repairs?

chelseablue

I want to start saving money each month into a separate account that will just be for car stuff.

I mean for things like MOT, tyres, any repairs (not tax and insurance as the tax I do monthly direct debit and I save separately for the insurance)

Was thinking £50 a month?

This would be for 2 cars

natlie

Hi

I pay £15.74 a month which covers the cost of my service and MOT. Last year I got a huge bill of £600 after my service but they spilt it into three 0% payments for me - £50 sounds sensible I currently just save for my roadside cover £73 a year so could do with a pot like this myself

MovingForwards

I have £500 per year budget for maintaining my car.

ratrace

chelseablue wrote: »

I want to start saving money each month into a separate account that will just be for car stuff.

I mean for things like MOT, tyres, any repairs (not tax and insurance as the tax I do monthly direct debit and I save separately for the insurance)

Was thinking £50 a month?

This would be for 2 cars

It sort of depends on how old the cars are really, as older cars need more in maintenance but newer cars lose more in deprecation so it swings and roundabouts



But my current car which is a astra j 1.7 cdti i have budgeted £65 a month as its got 145,000 miles on the clock so cambelt and clutch will be due soon.



i always buy high mile cars as i am a mechanic (part time) and do all the work myself....

chelseablue

My car is a 2006 Nissan Note (1.6 petrol automatic) its not done a lot of miles for a 12 year old car, 55,000 miles

Husbands car is a 2012 Bmw 3 series (2.0 diesel manual), done 110,000 miles

System

£100 per month.

In my case:
Tax is £290 per year
Insurance £300
MOT £45
Service £100-200 depending.


The basics cost £65pcm, without any problems.

ratrace

chelseablue wrote: »

My car is a 2006 Nissan Note (1.6 petrol automatic) its not done a lot of miles for a 12 year old car, 55,000 miles

Husbands car is a 2012 Bmw 3 series (2.0 diesel manual), done 110,000 miles

I would say about £80 should be ok for both, even if you dont use it all you could its always good to have extra than non at all

I have a bmw m3 that i have bought as a weekend car/investment as i plan on keeping it for a long time, bmw parts are quite expensive compared to the japs i put away £100 a month just for that but as of yet ive not spent anything on it apart from noraml servicing (the vanos system is common to go wrong so im over budgeting for it)

there are a few common problems on the bmw 320d and diesels in general if they are not beings used as intended ie: longish journys (i have had a few in the past)

this list not to scare you but just to make you aware that diesels need more maintenance compared to petrols and so you can budget accordingly


1) timing chain (bmw timing issues google it)
2) swirl flap issues (bmw swirl flap issues google it)
3) dpf's
4) dual mass flywheel + clutch
5) turbo
6) injectors
7) egr valve

the above are common problems for most diesels will need replacing some time or another, so far my diesel astra has had

2 new fuel injectors £200
New egr valve £130
Suction control valve £50
4x new glow plugs £40
dpf force regen with carbon clean £120
fan belt £15


clutch and fly wheel + cam belt will be due soon will cost £700 just for parts will do the work my self

luckily i had budgeted for it all so it wasent such a problem

ratrace

andydownes123 wrote: »

£100 per month.

In my case:
Tax is £290 per year
Insurance £300
MOT £45
Service £100-200 depending.


The basics cost £65pcm, without any problems.

Thats a very good price to be fair, is it a petrol or diesel

chelseablue

ratrace wrote: »

I would say about £80 should be ok for both, even if you dont use it all you could its always good to have extra than non at all

I have a bmw m3 that i have bought as a weekend car/investment as i plan on keeping it for a long time, bmw parts are quite expensive compared to the japs i put away £100 a month just for that but as of yet ive not spent anything on it apart from noraml servicing (the vanos system is common to go wrong so im over budgeting for it)

there are a few common problems on the bmw 320d and diesels in general if they are not beings used as intended ie: longish journys (i have had a few in the past)

this list not to scare you but just to make you aware that diesels need more maintenance compared to petrols and so you can budget accordingly


1) timing chain (bmw timing issues google it)
2) swirl flap issues (bmw swirl flap issues google it)
3) dpf's
4) dual mass flywheel + clutch
5) turbo
6) injectors
7) egr valve

the above are common problems for most diesels will need replacing some time or another, so far my diesel astra has had

2 new fuel injectors £200
New egr valve £130
Suction control valve £50
4x new glow plugs £40
dpf force regen with carbon clean £120
fan belt £15


clutch and fly wheel + cam belt will be due soon will cost £700 just for parts will do the work my self

luckily i had budgeted for it all so it wasent such a problem

Blimey think I need a 2nd job :rotfl:

System

I currently set aside £28 a month, I have road tax soon due and will pay that with what I have saved in my pot. In about a month or so I will increase to £50 a month to reach a target I have set myself by February.

ratrace

chelseablue wrote: »

Blimey think I need a 2nd job :rotfl:

Haha yep, welcome to modern diesels, Curretly have a few cars im working on for friends and family

Golf needs a new turbo and actuator

skoda fabia timing chain has stretched causing a misfire, needs replacing



ahh its fun and games hence alot of people migrating back to simple petrol cars :rotfl: