Complete Guide To Corporate Finance

The Business Finance Guide

When their vehicle stops in the middle of the road and they have to call a towing company to pick them up and drive them to a service shop, people do not always feel relieved because they imagine this service is very expensive. This is why they often try to fix the malfunction themselves or ask a fellow driver to tow them. But are professional towing services that expensive? Usually, they’re not. The fees vary depending on several factors, such as your vehicle weight, the distance to the nearest service shop or the tow truck equipment used.

There are no regulations on how towing companies should charge customers, which is why their policies differ. Some ask for a base fee (which can start at $30 and go up to $100), while others charge per mile ($3 on average). If your car stops in the city and the distance to the nearest service is smaller, it’s best to call a company that charges per mile. However, if you are on a highway or somewhere in the countryside, where there is nothing but empty road stretching ahead, then you should call a company that charges a flat fee. However, if you are being towed for hundreds of miles, you should expect to be charged several hundreds of dollars. Some companies also charge clients an initial fee and then charge per mile.

 

These are the basic costs, but there are some situations where you might have to pay more because companies provide additional services. For example, if the vehicle is stuck in the mud or you have a heavy vehicle, the fee will be higher. It really depends on the situation and the company policy. Sometimes, to save money, you can call a company that also offers on-site repairs, so you don’t have to pay any towing fees unless they can’t fix it on the spot and really have to take you to a service. Also, in some countries, vehicle insurance companies cover the cost for this service in exchange for a yearly addition to the insurance. If you have an old car that frequently stops on the road, this can save money in the long run. However, if you have a new car and you know it’s very unlikely for this to happen, that additional cost is not worth it. In the end, you have to know your car and have a thorough mechanical check before driving it, just so you can avoid towing altogether.

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