I’m always amazed when the “change your own oil” option comes up in these discussions as it’s a very classic example where having specialized tools s and doing it a lot really speeds you up. And it’s a dirty job without a lot of intellectual interest. Further you can get it done for you in 10 minutes for approaching minimum wage.
Unless you work on your car for fun and have things like a lift sitting around it seems like a fairly useless thing to do yourself.
I do lots of mechanical work on my motorcycle and car. To be honest, I think you're right. Changing oil is a pain. Getting ramps out and driving the car up on it and then taking the oil to autozone is more hassle than it's worth.
However, there are tons of things people should know about their cars and how to change the oil _is_ one of them. You should do it at least once, just to have done it and understand it.
I'd also recommend learning to: replace the serpentine belt, replace cabin and engine air filters, replace a battery, replace head/taillight bulbs, change a tire (including patching it), change your own brake pads and even your own brake rotors (those are real money savers), and probably learning to bleed the brakes, too.
The most complicated thing on that list is rotors. And that only takes like... a breaker bar, 4 sockets, brake cleaner and some caliper grease. Even if someone won't do that, everything else is doable and quick and cheap.
You are right; I probably could have thought of a better example, but the oil-change seemed to apply to more people.
Personally, I'd say I've saved a lot of money learning to fix a sprinkler, replace a ceiling fan, unclog a drain, fix a leaking faucet/pipe, painting the interior of a house, etc - more of the homeowner DIY than the car owner. The equipment needed for these is usually less than the cost of hiring a professional to do them.
These are all things I wish I felt more comfortable doing. When I buy a home, I plan on getting better at all of these, and investing in doing them with my kids while they're young. I'll always remember how much money my most handy friends saved in college while always having the nicest apartments.
Perhaps "being able to change your oil" is actually "knowing how to change your oil" or "why you should change your oil". The knowledge is the power in it, and it compounds into a lot of menial DIY tasks that one may or may not be interested in always doing.
THIS. My dad is a mechanic, and so is my father-in-law. They both stare at me, mouths agape, when I tell them I went and gOt mY oIl cHaNgEd.
I calmly explain that $15-$30 is more than worth it to me. It saves me an hour or so of tinkering around, cleaning my own tools, and I really, really HATE grease on my hands. Probably my #1 biggest pet peeve.
In my experience, multiple places manage to mess up changing my oil in magical ways. It's also an opportunity to do an overall maintenance check under the car.
With that said, if I spent the amount of time working on my career I spent on cars, I would be better off, so you aren't wrong.
Just explaining the reason why I STILL change my own oil, despite realizing the time cost.
Yeap. The oil change franchises pay minimum for a reason. One just removed and lost the oil change plastic door under the car and another forgot to put the cap on which led to me spraying oil on my engine on the highway and a lot of smoke...
Pay a bit more and use a competent mechanic you trust IMO.
Agreed. Which brings me to something I learned in an hour (from Ricky Yean's insightful piece on "mindset inequality" [1]) and which I'm still learning recognize in myself -- i.e. the disadvantaging qualities of a poverty mindset.
Quote from article:
"Being poor makes you suck at using money as a resource. My time was always cheaper growing up, so I got used to opting to spend time rather than money. I had to fix this way of thinking when we raised our first seed round, but it took quite some time. A simple decision to hire a new employee, for example, took a very long time–to the point that it cost us growth."
When you're raised in poverty or a poor student (like I was), resources are expensive but time is cheap, so the tendency is/was to use my own time to save a couple of bucks here and there.
When you're no longer a poor student, this poverty mindset can actually work against you if you apply it to everything. It can be growth limiting step. When you have money, time is much more precious and and the time/money trade-off looks very different. In many situations, money is "cheaper" than time. One therefore needs to learn how to redeploy that money to access cheaper less expensive resources than time. But if you have a poverty-mindset, you never learn how to do this and hence are at a disadvantage in life, even as you become middle-class or better.
Take oil changes for instance. 5W20 non-synthetic oil costs about $10. An oil change costs about $25 here in Chicago, and can be done in 15 minutes -- and done impeccably. The difference is $15. If I were to do it myself -- without the right tools, plus I don't have a garage and it's really cold outside -- it would take an hour and it would be a sloppy job. $15 is a fraction of what I make per hour, and I figure if I pay someone to do it, I can redeploy that time (plus any number of 1 hour chunks spent on things where I have no competitive advantage) to thinking and cultivating myself or even just relaxing (idleness is crucial to creative thinking), the culmination of which is top-line growth, and I figure I'd make back that $15 (3 times a year = $45/yr) many times over.
It's ok to DIY for fun and for self-enrichment (I admire handy people), but as a universal prescription, it can potentially be a rate limiting step for many people.
Side note: if you're landlord/homeowner however, DIY is very high leverage (vs. paying tradespeople) and one's payback can be huge. One has to make that calculation for oneself.
I'd be careful with those "impeccable" $25 oil changes. The only time I've ever tried one, they threw out the filter housing along with the old filter, and just "installed" the new filter without the housing. This was immediately before a 400 mile road trip through the middle of nowhere. Good times. Never again.
As with everything YMMV. Oil changes are so commoditized that it is more likely for nothing to happen. I don’t know where you live but 25 is kinda of a standard price in most places I’ve ever had an oil change at.
I agree with you for most DIY home projects you maximize your own earnings more by paying someone. Mowing the lawn is a great example when I think about my parents refusing to pay someone else despite being able to afford it.
I still think as a landlord there are some things you come out ahead on though. You can learn to fix a sprinkler and do it in an hour (maybe 2 counting home depot run). You'd probably have to pay someone a few hundred dollars for even a basic fix. If you own 50 properties of course this wouldn't make sense, but if you are a first-time homeowner then I'd say do it at least once.
Everyone should have that moment of a broken sprinkler head spraying you straight in the face while you figure out where the water shutoff is.
Absolutely -- most landlords either have to be handy or they have to access to cheap contractors (they "know a guy who knows a guy") to make any money at all on rentals. Otherwise repairs will eat up most of the margin.
Unless you work on your car for fun and have things like a lift sitting around it seems like a fairly useless thing to do yourself.