So you purchased a car new (against conventional financial wisdom which means you already absorb the first year’s depreciation). You’ve racked up miles and now it’s time for you to have the car serviced according to the preventive maintenance schedule.

The thing is, car dealerships charge quite a lot compared to your friendly neighborhood mechanic. Some would have a price difference of 10-20% on both parts and labor. So where are you going to have your car serviced? Many would often think that you need not throw good money after bad (in depreciation) and just have the car serviced elsewhere.

However, the complication here is that having the car serviced elsewhere can void the warranty. That is the warranty that you have paid for when buying new. So voiding your warranty for savings might just be the worse option.

Besides, dealership work is often guaranteed service. Something breaks, then they’re responsible for it. Besides, given the electronic systems fitted in today’s cars, dealership have the best equipment to diagnose what’s wrong with your car making having your car serviced elsewhere a gamble on your car and money.