These 4 Most Expensive Mechanical Problems Plaguing Used Cars
Written by
J. Arky
Edited by
Rebekah Evans
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Buying a used car might be done with the intention of saving money. After all, if you are not purchasing a new vehicle, you avoid the higher price of a freshly made car, dealership markups and other charges tacked on to the sale. However, used cars come with a history and many of them have mechanical problems that are common, as well as costly.
GOBankingRates got in touch with some automotive experts to find out what the four most expensive mechanical problems plaguing used cars are — with number one being the most expensive. Here is what made the list.
Did you know most of these problems can be prevented by regular auto maintenance?
4. Transmission Issues
Transmission issues are common in cars with high mileage, such as used cars and can cost anywhere from $300 to $2,000, according to Deege Carse, director at Trackershop, a supplier of GPS trackers and vehicle security solutions.
“This price varies and can be even more expensive depending on the car’s make and model,” Carse explained. “Transmissions have plenty of moving parts that are heavily prone to wear and tear over time with things like lack of regular maintenance further contributing to its failure in used cars.”
3. Catalytic Converter Replacement
Replacing a catalytic converter is a pricey issue with used cars, often costing anywhere from $1,500 to $2,500 in the experience of Tomer Ruderman, founder and owner of Car Keys Ottawa.
“While it’s technically possible to drive without a catalytic converter, I’d really advise against it, because it can harm your vehicle, mess with its performance and it’s not great for the environment,” Ruderman explained. “If you’re considering a used car, make sure the catalytic converter is intact and in good shape.”
2. Suspension Repairs
An automobile’s suspension parts tend to endure a ton of stress over time, Carse said, adding that used cars with high mileage that have been driven on rough roads for most of its functional life see this issue often.
“Each pothole and bump will wear down on your suspension until it isn’t functional anymore and would need replacement,” Carse added. “If one to two components needs to be replaced, it could cost as little as $100. But, the average cost to replace a suspension system can range around $2,000.”
1. Engine Failure
When it comes to engine failure, the cost to fix it can range from $4,000 to $7,500 or more, depending on the vehicle make and model and whether you’re installing a used motor or a remanufactured one, according to Tim Rodifer, technical director at Mr. Transmission, a Milex Complete Auto Care brand.
“In my experience, people usually don’t get rid of a good-running vehicle unless there’s an underlying problem,” Rodifer said. “I can tell you most engine issues in used cars often come from neglected maintenance like missed oil changes or skipped replacements of air and fuel filters. Obviously, these mistakes can lead to some very expensive and often unexpected mechanical problems.”
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