Oil Company States That Tax Savings Found Under the Hood

Maintaining Your Car Today Translates to Tax Refunds Tomorrow

LEXINGTON, Ky., March 24 -- Penny pinchers start your engines! With tax season in full swing, The Valvoline Company, makers of Max Life Motor Oil, is helping consumers lower their taxable income for next year if they take better care of their cars today. Don't believe it? Ask the experts.

"On average, if a car owner keeps a higher mileage car for one additional year after it's been paid off, they may save up to $350 a month ($4,200 in one year), which can in turn be invested," says Gary Schatsky, president of ObjectiveAdvice.com in New York and former chairman emeritus of the National Association of Personal Financial Advisors. "Instead of a monthly car payment, if that money is used for a viable savings option, it may allow a significant taxable income reduction."

   EXAMPLE OF TAX SAVINGS BASED ON CAR PRESERVATION

   Suggested Monthly Investment                       $350
   Earnings Percentage                                  7%
   Total yearly investment amount                   $4,200
   Net worth of investment after 1 year             $6,420
    (Total tax savings = $1,092)

"A simple and easy way to preserve your car is to switch to MaxLife Motor Oil at 75,000 miles," says John Stotz, brand manager, The Valvoline Company. "MaxLife has extra ingredients that help prevent wear on critical engine parts as they age."

The Valvoline Company has seen the benefits of car preservation for years, which is why it developed MaxLife Motor Oil specifically for engines with more than 75,000 miles. As engines age, engine seals become brittle, causing deposits and increased oil consumption. Piston rings wear and engines lose compression, reducing engine performance and gas mileage. MaxLife is motor oil plus special ingredients designed to fight aging and maximize the life of engines.

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