SARASOTA, FL (WWSB) - New car shoppers can expect to pay a lot more for their vehicle. Rising auto prices, higher interest rates, and longer loans are all adding up to sticker shock.
Buyers financing their purchase can expect to pay about $6,500 more than they would have five years ago.
Edmunds.com says there are ways to cut those high costs.
Buyers should consider a few backup, affordable vehicle options and shop around. Dealerships offer different deals, which helps the consumer get a better feel for negotiating.
Most importantly, remember a vehicles worth depreciates once you drive off the lot so be sure to shop wisely.
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