Car owners struggle to pay for repairs - KWWL - Eastern Iowa Breaking News, Weather, Closings

Car owners struggle to pay for repairs

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BURNSVILLE, Minn. (KWWL) -

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.
 
"Economic conditions have taken their toll on many Americans resulting in them neglecting their cars and leaving them at increased risk for very expensive repair bills," said Marshall L. Doney, AAA Vice President, Automotive and Financial Services. "Many Americans rely on their cars for their livelihood and losing access to them could be financially devastating during an already troubling economic time.
 
 
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