Keeping Your Clunker Can Save Your Wallet
BETHESDA, MD – December 2, 2009 – Many Americans with so called “clunkers” have considered the purchase of a new car, but the cost in today’s economic climate may be prohibitive. The Engine Repower Council suggests that keeping your current vehicle running efficiently is a sensible alternative that can save big money in the long run.
“The fact is that the average vehicle age is higher than ever before and motorists are looking for ways to extend their vehicle’s life even longer to avoid all the costs associated with a new car purchase,” said Dave Wooldridge, chairman of the Engine Repower Council. “Considering that over $22,000 can be saved by skipping car loan payments for the life of a four-year loan, repowering is clearly a very sound and cost effective investment.”
The median age of passenger cars in operation increased to a record high of 9.4 years in 2008, according to R. L. Polk & Co. in its annual vehicle population report. Edmonds.com reports that the average car loan payment is $479 per month or $22,992 over a four-year period.
“For the cost of an average down payment on a new car or truck, you can repower your vehicle with a remanufactured/rebuilt engine, gaining years of reliable service and improved fuel economy all without monthly car payments and higher insurance rates,” continued Wooldridge. “For many motorists, this is a win-win situation that will save them money and keep more cash in their wallets.”
With repowering, a vehicle’s 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.
In addition to its financial benefits, remanufactured/rebuilt engines also save the tremendous amount of energy used in processing discarded engines and vehicles. It also saves an incredible amount of raw materials that would have been used in building a new engine.
For more information, contact:
Rich White
(301) 654-6664
rich.white@aftermarket.org
or
Lynn Konsbruck
(312) 768-7362
lkonsbruck@maxmarketing.com
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