If you are in the market for a new car and can hold off for a bit, that might be best.Do your homework to find the most economical option for you. With proper incentives, a new car may actually be a cheaper total cost option, particularly with the used car market being over-priced for many years now. I don’t believe in the “always buy used” motto (particularly with the prices seen in the used car market recently). If you do need a vehicle, do market research and negotiate the best deal.New vehicles these days can often go 15+ years with regular maintenance and my personal goal is to go 10+ years, at a minimum. Get as much mileage as possible out of your vehicle by properly maintaining it, until the cost of maintenance clearly outweighs the cost benefits of holding on to it.If you have a 2-vehicle household, is it possible for you to shift from 2 vehicles to 1? I shifted from 2 cars to 1 eight years ago and it saved me a lot of money.Start with a test run and see if you can progress from there. If you can, opt for public transportation, biking, walking, and carpooling over driving.When it comes to optimizing your finances, vehicle ownership has a few rules that I would suggest readers consider: That said, it’s worth noting that this list of the cheapest new cars is not an endorsement for everyone to go out and buy a new car.
Ford Maverick: did not make the 10 cheapest new cars in 2022 list, but a hybrid pickup at #15? That’s worth a shout out!
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