New vehicles are extremely expensive. Getting more miles from a current vehicle makes more sense than ever. Many AGCO clients are keeping their vehicles for 200,000 miles and a lot more. It is called AGCOnomics and here is how it works.
Bill Mauldin’s cartoon strikes a cord with many folks. Eventually there comes a time when even the best vehicle has to be replaced. Unfortunately, many vehicles reach this point far sooner than need be. The key to a long and low cost life is in preventing problems, rather than just repairing things that break.
An annual general inspection will point out maintenance needs and allow problems to be headed off
By mid-life or 100,000 miles, problems start showing
Engine oil leaks, transmission failure, overheating and big repairs soon follow. Vehicle replacement is the answer to many people, who never realize they are getting less than half the service they may have received.
Recently, a Honda with 110,000 miles was towed into the shop. The vehicle had stopped running, but had many other problems as well.
Lack of care had allowed several major problems to occur. The owner was surprised to learn the vehicle was in such poor shape and had not realized maintenance was so important. This Accord was scrapped, and replaced at a considerable expense.
At the same time, an identical make and model was in for maintenance. This one had more than 193,000 miles on the odometer and is well maintained. It has been in for yearly inspections since it was purchased. This time it was in for the second timing belt replacement.
Removing the valve cover revealed a spotless engine. The car is in great condition and will likely see another 100,000 miles, with minimum problems. Driver one is spending around $30,000 for a replacement, driver two about $1,000 on prevention. If nothing changes, this cycle will likely repeat.
Vehicle maintenance is not mandatory and there is no gauge to warn the driver
The primary reason for vehicle maintenance is that it cost a lot less than the problems it prevents. AGCOnomics say, “Reduce cost by preventing rather than just repairing problems.” A general inspection, once a year will normally do the trick. AGCO, it’s the way to go!