The big three automakers are trying to lure consumers with big discounts and lower rates, but the new-vehicle industry faces a shortage of new-car models.
If consumers are not willing to pay more for a new car, there is little the automakers can do about that.
To get a better deal, consumers should consider how a car’s coverage might affect their overall car spending.
“The big question is, ‘How much is this going to cost?'” said Mike Cavanaugh, a veteran auto analyst with Kelley Blue Book.
“If it’s going to be a luxury car, the cost could be significantly higher than if it’s a low-cost, mid-range vehicle.”
A recent study by Kelley Blue book found that some brands have more than $100,000 in new-model-year premiums paid by consumers, with others more than half that.
Consumers will spend more on a new vehicle than they did the previous year if they are expected to drive more than 10,000 miles on average, or purchase more than one car over the course of a year.
The average cost of a new-year-priced car is $21,800, according to the report.
That’s a substantial difference from the $21 a year that most people are spending on new-cars and the $25 they spent on a car they bought this year.
Consumers should look for a vehicle with lower rates and a low premium over the next few years, especially if they have already purchased a car.
If they are willing to wait, the premium could be substantially lower than if they buy a cheaper vehicle over the past year, said John Linn, a senior vice president at Kelley Blue books.
Consumers can also try to get an estimate for the cost of owning the vehicle, Linn said.
If the vehicle is not going to make the money they expect, they should consider a lower-cost vehicle instead, he said.
“They are not going get a much better deal on the car than they would with a brand-new car,” Linn added.
“That’s a pretty big difference, especially when you are comparing it to the new car you are buying.”
A 2014 study by the National Association of Insurance Commissioners found that new- car prices vary widely across the country.
Prices ranged from $3,000 to $21 per mile, and were often much higher in the Midwest and Northeast, compared with other parts of the country, where they ranged from around $2 per mile.
Some of the more expensive models were in models such as the Toyota Camry, Honda Accord, and Lexum CT500, the study found.
That makes it tough to predict what will happen if the car costs more than the average, but experts say the biggest cost could come from the fuel economy.
The National Highway Traffic Safety Administration said in 2013 that the average new car gets 30 mpg, compared to 24 mpg for an average sedan.
The agency did not break out the cost for a fuel-efficient vehicle by vehicle type.
But the average cost for an SUV is $8,500, while the average for a crossover is $9,200, the NHTSA said.
In the last year, the average price for a premium-laden new car has fallen by an average of $400 per year, according with a recent report from Kelley Blue.
The study also found that consumers often do not know the price of a car until it is listed on a website, a sign that consumers are likely to spend less on a brand than they are likely spending on a used car.
Consumers often also are not aware of the cost or mileage on a vehicle, according the study, which found that for most people, it’s not important to know how much a car costs.
“People are going to spend more than they do on a lot of different vehicles,” said John Toderello, senior director of automotive research at Kelley Green Group.
“In terms of a high-end vehicle, the price difference will be more significant than the cost difference between a brand new car and a used vehicle.”
If you are willing, you can expect to pay between $3 and $4,000 more than if you buy a comparable vehicle, said Linn.
“A lot of consumers are going out and buying a new, brand-name vehicle that they know they are going be paying more for,” Linsen said.
Consumers have to look at the price tags on a range of new car options, and consumers may need to pay a little more than a comparable used vehicle.
A 2015 study by Autotrader found that the cost per mile for new- and used-car fuel is similar for many new models, but a new SUV and crossover are much more expensive.
In 2014, a new Lexus GS 300, a midsize SUV, averaged $18,000 a year in new price tags.
A new Lexa sedan, which costs $17,000, averaged