The Average Transaction Price of New Cars Remains High, but Affordable Options Exist

During the pandemic, the average transaction price of new cars reached its peak, causing concern for many potential buyers. While the price has been slowly decreasing, it still hovers dangerously close to $50,000. This may be feasible for the wealthy, but for the majority of people, it is simply unaffordable. However, there is good news for those seeking more budget-friendly options.

Exploring Affordable Alternatives

Despite the scarcity of new cars available for less than $20,000, there are still options for those on a tighter budget. Consumer Reports has compiled a list of cheap cars that offer both affordability and reliability. By considering these alternatives, buyers can find a vehicle that meets their needs without breaking the bank.

For more information on these affordable options, read the full article here.