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In the United States, its been even more expensive in the past few years.
Per CarEdge, prices for new cars have remained near record highs since 2022.
Heres a closer look at car prices in 2025 andhow much the average driver may pay each month.
Thats down a little bit from the peak of $49,929 at the end of 2022.
According toLendingTree, average car payments for new vehicles is up slightly year over year.
In the third quarter of 2024, the average monthly car payment was $737.
Used car prices were down in January.
According toKelley Blue Book, the average used car was listed for $25,128.
