Oil Change with Spare Change

The Real Cost of Neglecting Oil Changes

Many car owners often cite financial constraints as the reason for skipping essential oil changes. However, the cost of an oil change is relatively low, especially when compared to other common expenditures. According to AAA, the average cost of an oil change ranges from $20 to $55, depending on the type of oil used. If you drive fewer than 3,000 miles in three months, you can often find deals that bring the cost down to around $20.

Common Expenses That Could Fund Your Oil Change

Here are some everyday expenses that you could cut back on to afford regular oil changes:

1. A Trip to the Movies

A night out at the movies can easily set you back $20 or more. With the average movie ticket costing around $9.16 in 2022 (Statista), two tickets and a small popcorn can quickly add up. Instead, consider watching a movie at home and saving that money for your car maintenance.

2. A Fast Food Meal

Fast food isn't as cheap as it used to be. A meal for a family of four at a typical fast-food restaurant can easily exceed $20. According to The Balance, the average cost of a fast food meal is around $5 to $7 per person. Skipping just one of these meals can cover the cost of an oil change.

3. A Manicure or Pedicure

The average cost of a manicure is about $20, while a pedicure can cost even more (Nail Salon Prices). By skipping just one appointment, you can afford to keep your car running smoothly. If you wear acrylic nails, missing one fill can also save you enough for an oil change.

4. Just One Mocha a Week

If you're a coffee lover, cutting back on your daily coffee shop visits can save you a significant amount. A Venti-sized drink at Starbucks costs around $4.45 (Starbucks Menu Prices). By skipping one drink a week, you can save over $17 a month, which adds up to more than enough for an oil change every three months.

The Hidden Costs of Skipping Oil Changes

Neglecting regular oil changes can lead to severe engine damage, costing you thousands of dollars in repairs. According to Car and Driver, failing to change your oil can result in engine overheating, poor fuel efficiency, and even complete engine failure. The average cost of engine repair can range from $1,000 to $4,000, making regular oil changes a small price to pay for long-term savings.

Interesting Stats You Might Not Know

• Oil Change Frequency: According to J.D. Power, 22% of car owners change their oil every 3,000 miles, while 35% do so every 5,000 miles.
• DIY Oil Changes: About 25% of car owners perform their own oil changes, saving even more money (NPD Group).
• Environmental Impact: Used motor oil can be recycled and re-refined, reducing environmental impact. According to the EPA, recycling just two gallons of used oil can generate enough electricity to power the average household for almost 24 hours.

Conclusion

By making small adjustments to your spending habits, you can easily afford regular oil changes, ensuring your vehicle's longevity and performance. Whether it's skipping a movie, a fast food meal, a manicure, or a weekly mocha, these minor sacrifices can lead to significant savings and a healthier engine. So, take a moment to reassess your expenditures and prioritize your car's maintenance needs. Your wallet and your vehicle will thank you.