One quarter of American drivers neglecting car repairs and maintenance due to economy; More than half keeping older car to avoid financial burden of newer model.
ORLANDO, Fla., Aug. 3, 2011 /PRNewswire-USNewswire/ — One in four American drivers could not pay for a car repair of $2,000 if faced with one today, according to the results of a survey released by AAA. The survey also found one in eight would be unable to pay for a repair bill of $1,000.
More than half of American drivers also said they are holding onto their older vehicle because they do not want the financial burden of a new one. And, one quarter of drivers admitted to neglecting repairs and maintenance on their vehicles in the past 12 months due to the economic climate, which AAA Automotive experts say can greatly increase the likelihood of their car needing a costly, major repair.
