Clark Howard Buying A New Car May 2026

: Only buy new if you plan to keep the vehicle for at least 10 years. Because new cars depreciate so rapidly in the first few years, keeping them for a decade or more is the only way to make the math work in your favor.

When talking to a salesperson, avoid revealing information that could weaken your leverage: clark howard buying a new car

: Do not negotiate based on monthly payments. Instead, focus strictly on the total "out-the-door" price, which includes all taxes and fees, to ensure you aren't overpaying. : Only buy new if you plan to

Don't mention paying in cash too early, as dealers often make more profit on financing and may be less willing to negotiate the sale price if they know they won't get that kickback. Maintenance & Longevity Instead, focus strictly on the total "out-the-door" price,

: If your car is over 150,000 miles and annual repairs exceed $3,000, it's generally time to trade it in for more predictable costs. Are you considering a specific make or model , or Report: The Average Price of a New Vehicle - Clark Howard