Auto Parts Can Cost You Big
Auto parts. Something we really don't think much about. We buy
our nice shiny new Honda or Jeep or Lexus or whatever and pray
that it runs forever with no problems. And then if there is a
problem we hope that the repair isn't too expensive and that the
parts can be found with relative ease.
Welcome to the REAL world.
Auto parts sales is one of the largest industries in the world.
Makes sense since almost everyone in the world has an automobile
except maybe in underdeveloped countries. Some auto parts wear
out rather quickly such as oil filters. Some last a little
longer like brake shoes and pads. And then you have parts that
thank goodness don't wear out very often at all like
transmissions or cars would be impossible to maintain cost wise.
But there is more to an auto part than just the part itself. The
make and model and year of your car will have a great impact on
how much the part will cost to replace and how easy the part is
to get.
Let us start with ease of obtaining. Obviously newer car parts
will be easier to get than older ones. A friend of mine still
has a 1975 Pontiac Lemans. To obtain parts for this car he has
to literally go to junk yards and even online. No new car
dealers keep parts beyond 10 years or so and even auto parts
stores limit their inventory to cars under 20 years. A 30 year
old vehicle is almost impossible to find parts for. Plus, if you
can find the part, depending on where you get it, the cost could
be anywhere from 20 to 100% over the original part cost. To say
that late model car owners are taken advantage of would be a
gross understatement.
But ease of obtaining is not just limited to the age of the car.
Vehicles with a limited production are also hard to get parts
for, especially if the vehicle is not a big seller. The reason
for this is again obvious. Keeping inventory that is not going
to be sold is expensive. So auto parts dealers keep limited
supplies for these vehicles.
As for the price of auto parts, aside from the age of the
vehicle there is the make and model. In this case foreign car
parts are much more expensive than domestically made cars. Most
people who buy foreign cars don't realize this or even think
about it until it comes time to get their vehicle repaired. Then
they get hit with the bill and their eyes pop out of their head.
For example, an oil filer for a 2005 Buick Century is about
$2.98. The same oil filter for a Honda CRV is $3.98. It's
basically the same filter for the Honda but it costs $1.00 more.
That comes out to a 33% markup on a relatively cheap part.
Imagine that same 33% markup on a part that costs $60 for the
Buick. You'd be paying about $80 for the same part for the Honda.
The best way to get the best price for auto parts is to shop
around. Look on the Internet. Go to auto parts auctions. Go to
junk yards, though you don't want a used part for something
critical like an engine. Some things like door handles and non
functional items like those are fine. Most likely they won't go
bad for a while. But for items that keep your car running, if
you can afford it, it is best to get new.
Auto parts is big business. Just don't get caught up in the
money pit it can land you in.