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during the past five years Americans on average spent close to $2,000 on car and truck repairs a new report is out that says many Americans are just one unexpected car repair away from being in debt but as Kendra Wright reports there could be a way to protect yourself if you faced a major vehicle repair could you afford it it'll be a financial burden if something were to happen to my vehicle definitely it'd be a hardship no one hurt I would not like to deal with that ing to a recent survey by ally conducted online by the Harris Poll among more than 2000 US adults on average Americans spent nearly $2,000 on vehicle repairs and maintenance in the last five years many Americans rely on their cars to get to work to take care of loved ones to get the doctor losing access to their vehicle can be a major problem and a major source of stress especially if you can't afford the repair costs Millennials in Gen Z face the greatest financial burden with average car repair expenses of 2334 dollars considerably more than older adults five-year appear costs of 1650 for allies findings come on the heels of report by the Federal Reserve that found nearly 4 in 10 adults would not be able to cover unexpected expenses of $400 without selling something or going into debt we see it all the time people come in and see their repair costs and they really don't know if they can afford it experts recommend considering vehicle service contracts they can cover expenses like repairs and replacement parts they can also be financed as part of a monthly car loan payment unfortunately there's just too many Americans out there today that are one vehicle repair away from having make really hard financial decisions a vehicle service contract provides peace of mind and can help protect your finances to find out more about vehicle service contracts go to allied comm / auto for more business first a.m. check us out on social media were on Facebook YouTube and Twitter and go to business first a.m. dot-com for where to see our show on TV [Music] you