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With interest rates now exceeding 6% for many borrowers, financing a car can add thousands of dollars to the price tag. For example, a $40,000 car financed over 72 months at a 6% interest rate ...
According to Kelley Blue Book, the average cost of a used car in October 2023 was $26,533, while a new car could be bought for the average price of $48,334. Even with those seemingly high rates ...
Kelley Blue Book says that the average American would need to work 37.4 weeks to pay off the average new car sale price. That's better affordability than America has seen since August 2021.
Why is the average cost of car ownership $12,000? In its 2024 Your Driving Costs study, researchers at AAA found the average new car in America sells for $38,883. But the sticker price is not the ...
Reduced supply, increased demand: It all adds up to higher prices for the new-car-buying public. New Car Price Keeps Climbing, with Average Now at Almost $47,100 Skip to main content
Kelley Blue Book said that the average new-car price in July 2023 was $48,401, which marked the 10th month of year-over-year declines due to improved inventory levels and higher loan rates ...