When it comes to a major purchase like a car, you likely want to save any money you can. Unfortunately, car-buying deals are not so easy to come by these days.Though increases in new car prices have slowed since they shot up during the pandemic era, the “average cost of a new car remains historically high,” said Nerdwallet. “At the end of 2025, the average transaction price hit an all-time high of $50,326 according to Kelley Blue Book — and despite recent moderation, prices haven't strayed far from that peak.” And unfortunately, used cars are not that easy on the wallet either lately, especially given rising financing and car insurance costs.
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