Understanding Your Auto Repair Bill: The Deal on Parts

Your mechanic hands you an estimate and explains what needs to be done – it’s an important repair that can’t wait. Six hours of labor and over $400 in parts. You want your family to be safe when they are in the vehicle, so you sign off on the work. Why am I paying so much on parts?

Dollars & Sense: Why Do Labor & Parts Cost So Much?

Your stomach drops (and maybe your jaw does, too). You begin mentally calculating how much money you have in your bank account, the date of your next paycheck, and then you wonder if you’ll have to dip into your savings to pay for this auto-repair bill. Suddenly, you begin to question everything. Can I really trust this mechanic? Was the problem really important enough to fix now? Should I have gotten an estimate from another repair shop to compare?