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flag U.S. shoppers delay new car purchases due to record prices, opting for used cars despite high costs.

flag Shoppers across the U.S. are avoiding new cars due to record-high costs, with average monthly payments at $766 and loan balances at $43,218 in October, according to Edmunds. flag Used cars, while offering some savings, remain expensive at $25,945 on average, driven by ongoing inventory shortages from low pandemic-era leasing. flag Experts warn automakers may cut features or quality to improve affordability. flag Consumers are responding with longer leases, extended financing, and year-end shopping, as demand for used vehicles stays strong despite high prices.

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