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(NAPSI)-Vehicle owners who trade in their cars every few years may be losing thousands of dollars in savings.
Consumer Reports found that car owners save more money than the original purchase price of the car by keeping the car for 225,000 miles over 15 years, as compared to buying that same car new every five years.
With the housing and credit markets in a state of turmoil, the Engine Repower Council recommends repowering your engine as a way to significantly reduce costs and save money over the long run.
A One-Time Investment
"People don't realize how much money they are losing by buying a new car every few years when today's vehicles can last over 200,000 miles," said Steve Rich, chairman of the Engine Repower Council. "A one-time investment to repower a car's engine makes financial sense.
It not only eliminates new-car payments and higher insurance rates, but repowering also makes the vehicle more fuel efficient, saving money at the pump. In addition, a more fuel-efficient vehicle reduces harmful emissions, which helps protect the environment."
Often Better Than New
With repowering, the engine, or an identical one from another like vehicle, is completely remanufactured/rebuilt. Also, unlike installing a used or junkyard engine, critically important internal parts get replaced with new parts that meet or exceed original equipment performance standards.
Consequently, remanufactured/rebuilt engines are frequently even better than the new engines installed at the factory. This is because the original factory engine problems have been revealed through use, and can then be redesigned or repaired with better-quality parts.
Remanufactured/rebuilt engines are dependable, reliable and backed by excellent warranty programs that also usually cover installation expenses.
The Engine Repower Council is a nonprofit organization dedicated to educating consumers about the economic and environmental benefits of remanufactured/rebuilt engines.
The Engine Repower Council supports the "Be Car Care Aware" consumer education campaign. For more information about remanufactured/rebuilt engines and their suppliers, visit the Engine Repower Council at www.enginerepower.org.