Buying a car? Here are some tips to save money.
Car prices are rising significantly, with new vehicle costs averaging nearly $50,000 and used cars averaging $25,390. High inflation and a preference for larger vehicles are contributing to these increases, making it difficult for many consumers to afford new cars. Financing options are becoming more stretched, with many Americans opting for longer loan terms to manage monthly payments.
- ▪The average new car price reached nearly $50,000 in March 2026, a 3.5% increase from the previous year.
- ▪Used car prices also remain high, averaging $25,390 in March 2026.
- ▪Stubborn inflation at 3.8% and a trend towards larger vehicles are driving up car costs.
- ▪Many consumers are extending auto loan terms to make monthly payments more manageable, with some financing for up to 84 months.
- ▪Experts advise against spending more than half of a car's value on repairs for older vehicles.
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| Original publisher | CBS News — Top |
| Canonical URL | https://www.cbsnews.com/news/buying-a-car-save-money/ |
| Publication time | Mon, 25 May 2026 12:28:45 -0400 |
| Retrieval time | 2026-05-25T16:32:38.242Z |
| Last seen | 2026-05-25T16:32:38.242Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | 3BGFNsLLwWon · 2 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
MoneyWatch How to save money when shopping for a car and other important considerations .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo Updated on: May 25, 2026 / 12:28 PM EDT / CBS News Add CBS News on Google Buckle up for both high gas prices and rising new and used vehicle prices.
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