So, if you're considering buying a new car, you might want to think again.

I think if there's any advice right now, is that if you don't have to buy a new car

right now, then I would hold off.

That's right.

That is Greg Brannon, director of automotive engineering and industry relations with

AAA.

And his advice echoes what a lot of people are saying right now, given how expensive new

cars are these days.

According to Kelly Bluebook, the average transaction price for a new vehicle was almost 50,000

dollars at the end of 2022.

That was a record high.

And Brannon says buying a used one is also priceier than it used to be.

It was just a few years ago.

You could buy a decent car for $5,000 probably, and it's something that was relatively reliable.

And now that same number at 10 is barely possible.

High inflation, ongoing supply chain issues, and persistent demand have all helped make

car prices go up.

But guess what?

Owning any vehicle, new or used has gotten more expensive too.

Ivan Dury is head of insights of the online vehicle marketplace Edmonds.

Even if you're not buying something you were used, your continued maintenance and your

continued relationship with your car is getting more expensive.

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