New car prices have doubled to over $20,000 in five years, making affordable "starter cars" scarce.

Auto experts say affordable "starter cars" are disappearing, with prices for new vehicles doubling to over $20,000 in five years. Young buyers are advised to look at off-lease or certified pre-owned cars, which often have better maintenance and warranties. When buying electric vehicles, off-lease or used options may be more affordable due to quick depreciation. Experts recommend paying off cars quickly, checking insurance rates, and negotiating carefully, including bringing a supporter and thoroughly test-driving vehicles.

2 months ago
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