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The average new car price is now $47,401, but that's only one aspect of the total cost of car ownership -- and that cost can vary greatly from state to state. ... 17. Ohio. Sales tax (assuming ...
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 ...
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 ...
Unfortunately for prospective buyers, new cars have seen continued price hikes over the past 11 months. Combined with higher interest rates, these increases have made new cars less affordable over ...
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.
That’s the record gap between the average transaction price for a new car and a used car, according to Edmunds analysis of third-quarter sales, with the average new car price hovering around ...