DON’T LET YOUR FIRST CAR BE A $30K MISTAKE
Jun 03, 2022
3 minutes
Buying your first car is already an intimidating experience; in the midst of historic supply shortages, it’s easy to feel overwhelmed.
In March of this year, the average price of a used car was $27,246, according to Cox Automotive — an automotive marketplace and data company — or 28% higher than it was a year ago. With those price increases, monthly payments have also swelled. Average payments for used cars reached $488 in the last quarter of 2021, according to Experian. On top of that,
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