29th June 2020


What is the average cost of a new car in 2020?

Jan. 3, 2020—The valuation analysts at Kelley Blue Book reported the estimated average transaction price for a light vehicle in the United States was $38,948 in December 2019. New-vehicle prices increased $656 (up 1.7 percent) from December 2018, while falling $80 (down 0.2 percent) from last month.

In this manner, what is the average price of a new car today?

In May of 2019, the average price of a new car purchased in the U.S. climbed to $36,718, with interest rates hovering around 6%, according to automotive information site Edmunds. That's up from $35,742 in 2018, which was already a 2% increase from 2017, according to Kelley Blue Book.

One may also ask, what new car can I buy for $10 000?

Best Cars Under $10,000
  • 9 Cars That Give You a Lot for a Little. You don't have to spend a fortune to get a great ride.
  • 2009 Honda Fit. The aptly named Honda Fit has more space inside than some small SUVs.
  • 2009 to 2010 Scion xB.
  • 2009 Scion tC.
  • 2010 to 2011 Suzuki SX4.
  • 2010 Scion xD.
  • 2009 Hyundai Elantra.
  • 2010 Mazda3.

How much should I spend on a car if I make 30000?

The general rule of thumb is that you should not spend more than 20% of your monthly take-home pay on cars, according to Edmunds.com (via Bankrate). So if your after-tax monthly income is $4,000, your total cost of car ownership for ALL of the cars you own should not exceed $800 under this rule.

What is the most reliable car of all time?

The Geo Prizm is one of a number of vehicles that have at their core one of the most reliable cars ever: the Toyota Corolla.
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