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flag New car prices average nearly $50,000, with potential tariffs set to raise costs further.

flag New car prices have soared to an average of nearly $50,000, with monthly payments reaching $1,000 or more for many, consuming 15% of the median U.S. income. flag Potential 25% tariffs could further raise costs. flag Consumers can mitigate expenses by improving their credit score, which affects loan interest rates, or by making larger down payments. flag Buying a used car can also lower initial and ongoing costs.

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