Maintenance costs refer to the expenses incurred to keep an asset, such as a vehicle or building, in good working condition. These costs can include routine services, repairs, and replacements of parts. Regular maintenance helps prevent larger issues and extends the lifespan of the asset. In addition to direct expenses, maintenance costs can also encompass indirect costs, such as downtime when the asset is not operational. Understanding and budgeting for these costs is essential for individuals and businesses to ensure efficient management of their resources and to avoid unexpected financial burdens.