In a Credit Crunch? Repowering Engine may be the Answer
BETHESDA, MD – October 21, 2008 – With the housing and credit markets in a state of turmoil and car loans and leases hard to come by, the Engine Repower Council recommends repowering your engine as a way to significantly reduce costs and save money over the long run.
“With the tight credit market we’re experiencing these days, many people are not able to find a car loan or lease when they experience serious engine trouble,” said Steve Rich, chairman of the Engine Repower Council. “A one time investment to repower a car’s engine adds years of reliable life to the vehicle and makes financial sense, eliminating the need for a loan and saving the cost of new car payments and higher insurance rates.”
According to Edmonds.com, the average car loan payment is $479 per month and, over four years, that adds up to $22,992 that can be saved by skipping car loan payments. At the cost of a down payment for a new car, repowering is a very sound and attractive investment.
With repowering, a worn out engine or an identical one from another like-vehicle, is completely disassembled, cleaned, machined and remanufactured/rebuilt. Unlike used or junk yard engines with an unknown performance and maintenance history, repowered engines are dependable, reliable and backed by excellent warranty programs.
“People don’t realize how much money they are losing by buying or leasing a new car every few years when today’s vehicles can last over 200,000 miles,” continued Rich. “The bottom line is that a repowered engine makes a vehicle more dependable, more fuel efficient, less polluting and more valuable.”
For more information, contact:
Rich White
(301) 654-6664
rich.white@aftermarket.org
or
Lynn Konsbruck
(312) 768-7362
lkonsbruck@maxmarketing.com
|
