That New Car Smells Good, but Payments Stink
Rebuilding Engines Saves Big Money in Long Run
BETHESDA, MD – January 14, 2009 – As the car companies debut their new cars at the Detroit Auto Show this week, drivers should think twice about purchasing a new car and instead consider engine rebuilding as a way to save money in the long run.
“While the shiny new cars introduced at the auto show can be really tempting, making a one-time investment to rebuild a vehicle’s engine in these tough and uncertain financial times can save tens of thousands of dollars,” said Steve Rich, chairman of the Engine Rebuilders Council. “For the cost of an average down payment on a new car or truck, you can rebuild your vehicle with a remanufactured - rebuilt engine, gaining years of reliable and fuel efficient transportation without monthly car payments and higher insurance rates.”
According to Edmonds.com, the average car loan payment is $479 per month. Consequently, $22,992 can be saved by skipping car loan payments for the life of a four-year loan. At the cost of a down payment for a new car, rebuilding provides a very sound and cost effective investment.
With rebuilding, 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, rebuilded engines are dependable, reliable and backed by excellent warranty programs.
In addition to its financial benefits, engine rebuilding also saves 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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