How much can you afford to buy a new car?
We’re here to help.
The average American’s first car purchase costs $30,000, according to a report by Car-buying.com.
That’s up from $28,000 just six years ago.
How much do you want to spend on a new vehicle?
We recommend you research all the options before making a decision.
A look at the best car finance calculators.
The average new car buyer needs to spend at least $1,600 on financing before starting the process of getting a new one, according the research.
It costs $2,600 more for a brand-new car and $3,600 for an older model.
A vehicle with a mileage of more than 50,000 miles will cost $10,500 to $15,000.
You can pay less for a vehicle that’s less than two years old.
But you’re also paying more than a brand new car.
The cost of buying a new Hyundai Sonata or a Toyota Camry jumps from $32,000 to $42,000 when you factor in financing, according AutoTrader.com, an online tool for car shoppers.
That $30K figure doesn’t include taxes and fees.
And the cost of the new vehicle also rises from $33,000 for a new Camry to $36,000 if you go with the Toyota Camrys, according Tesla.
In other words, a brand spanking new car can cost more than your dream house, and it can get you more bang for your buck.
So, do your research.
If you’re looking to purchase a brand name brand car, we recommend you do your homework.
We have some of the best deals on car financing calculators, so you’ll know what to expect when you check out.
Read more about buying a brand or model new car, including where to look for a bargain, and where to find the best prices on the internet.