Buy A Car On Finance -

: Average new vehicle prices hit a record $49,191 in early 2026, up 30% over the last six years.

: Prime buyers are seeing rates around 7%–8% for new cars and a staggering 11%–13% for used vehicles . buy a car on finance

: To manage these costs, 12% of buyers are now opting for 84-month (7-year) or even 90-month loans. : Average new vehicle prices hit a record

The American car market has transformed into a "brutal financial gauntlet," where the average new vehicle now exceeds $50,000. As of April 2026, roughly 20% of new car buyers have committed to monthly payments of $1,000 or more, a shift driven by high MSRPs and stubbornly high interest rates. The State of the Market 191 in early 2026