Consumers who do their own auto repairs are saving big, according to a new study by AutoPartsWarehouse.com.
A full third of the respondents to the 2014 AutoPartsWarehouse.com DIY Auto Repair Survey said they save more than $1,000 a year with their do-it-yourself car repairs. Another 29% report savings of at least $500.
In general, nearly everyone who took the survey said they save some money, with just 4 percent saying they achieve an annual savings of $100 or less.
Indeed, "saving money" is the main reason (79 percent) survey respondents cited for doing DIY car repairs, though fewer respondents cited this as a reason than when this online survey was last conducted.
In 2012, 84 percent said saving money was the main reason they repaired their own car.
One of the key reasons car owners say they can do their own auto repairs is that it is easier thanks to the Internet. Thirty-three percent of those surveyed said the amount of how-to-repair information influenced their decision, while 80 percent said easy access to auto parts and accessories online made their more likely to do their own repairs.
Enjoy the work
Savings, of course, isn't the only reason why DIYers tinker under the hood. Here are other reasons why people say they prefer to fix their vehicles rather than take them to an auto repair shop:
- I enjoy it -- 66% of respondents
- I have the expertise -- 39%
- I trust myself more than a mechanic -- 41%
- I have a classic or exotic car, and it's a hobby -- 13%
To learn what you should pay if you take your car to a mechanic for a repair, read How much should your car repair cost?
Tara Baukus Mello writes the cars blog as well as the weekly Driving for Dollars column, providing both practical financial advice for consumers as well as insight into the latest developments in the automotive world. Follow her on Facebook here or on Twitter @SheDrives.