Media Decision
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There's a certain appeal to driving a shiny brand-new car off the lot, but does buying new make sense for your wallet? Not for those interested in bulking up their bank account.
Vehicle prices are on the rise, so get ready for sticker shock at the dealerships. According to Edmunds, the average monthly payment on a new vehicle hit a record $736 in the third quarter of 2023, up from $733 in the second quarter. Industry analysts say low inventory and pent-up demand caused by the pandemic are pushing prices higher.
