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Replace the brake pads.
$1400, front and rear including rotors.
Service it ;)
The red exclamation point in a circle is the parking brake indicator.
Excessive brake pad wear. Check the pads and look into getting them replaced.
This is most likely the Brake Warning Light. It's usually obvious because it says BRAKE under it but perhaps not always. This indicator light is usually located bottom center of the tachometer gauge.
Check your brake fluid level, it's probably low that's why it is giving you that warning...
The vehicle does not monitor the amount of brake life you have left nor does the red BRAKE warning light indicate that pads and rotor need replacement. The red BRAKE warning indicator is meant to warn you when there is a dangerous hydraulic problem with your braking system. Take the vehicle to a professional, who know how to service an automotive braking system. On a vehicle with brake pad wear sensors, if the sensors are new, then you have a broken wire.
If your vehicle has separate dash panel warning lights for brakes and emergency brakes, then the e-brake light being on while not engaged may indicate that the e-brake switch may be maladjusted or faulty. If the brake warning light is on, it may indicate a brake fluid leak, or in some cases, low brake fluid levels in the reservoir. If your vehicle has a shared warning light for e-brake and brake warning, all causes listed above could apply.
It is important to pay attention to the warning lights on the dashboard. When the ABS and brake lights flask that means there is something wrong with the brake system.
The parking brake is only ONE of the triggers for the dashboard brake warning light.Before referring you to the "Related Questions" below, I'd suggest checking the brake fluid levels.
It's an yellow warning indicator lamp. It lights when brake pads are weared. Now it's time to replace the used brake pads!