Smart Financial Strategies for Buying a Car

Navigate pricing, inventory and credit for best deals without overspending

Photo by Kazuo Ota on Unsplash

Buying a car this year means balancing rising prices, shifting inventory and new buying options such as online platforms and electric vehicles.

With the average new car price now over $48,000, knowing how to budget, check credit and time purchases is more crucial than ever.

Experts turned the keys on the latest data to share essential financial strategies that help shoppers drive off with confidence — without overpaying or piling on debt.

Make Buying a New Car a Great Deal for Many Years

Today, personal finance expert, speaker and author, Kembala Evans, wishes she had such good advice before she bought her first car.

“It was a lemon,” she said. “There were a lot of lessons learned with that one. Car buying sure has changed a lot since then. Now I can help others get the inside scoop on how to avoid financial pitfalls.”

Evans joined professionals at Experian Automotive, which uses world-class automotive intelligence to help businesses manage risk and seek ways to keep up with rapidly changing markets.