New car buyers are in for more than the usual sticker shock this year as a confluence of events ranging from ongoing supply-chain disruptions to rising interest rates have pushed monthly auto payments.
Overall inflation across the U.S. hasn't been the only driver concerning elevated prices for new cars. A worldwide microchip shortage has led to a decreased supply of new cars, and manufacturers are.
To make researching and purchasing a vehicle more interactive and seamless, TransUnion recently announced it has partnered with CarNow to equip financial institutions with digital lending solution.
Some people charge everything to a credit card to rack up rewards points, but that isn't your style. When possible, you prefer to pay with cash. Maybe you've ditched the plastic as a way to curb.
If you're looking to save money by shopping for a used car instead of a new one, be prepared for a little sticker shock due to an unpredictable economy. See: Top Used Cars To Consider Buying Right Now.