Page 5 - Jay Nuber News Today

The average new vehicle has rocketed 24% to nearly $48,000 as of April. Used vehicle prices, on average, have surged to nearly $29,000.

Here’s how experts say you can keep your old ride running longer so you can avoid the sky-high prices and hefty monthly payments.

Faced with deciding between making a jumbo payment and keeping their existing vehicles, more owners are choosing to stick with what they have, even if it means spending more on repairs and maintenance.

ANN ARBOR, Mich. (AP) — With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at least four m

ANN ARBOR, Mich. (AP) — With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at least four more years. Limiting his car payments and his overall debt is a bigger priority for him than having a new vehicle.

Faced with deciding between making a jumbo payment and keeping their existing vehicles, more owners are choosing to stick with what they have, even if it means spending more on repairs and maintenance.

Americans are keeping their cars longer than ever.

The average age of a passenger vehicle on the road hit a record high this year.

Potential buyers are repelled by high car prices.

Americans are keeping their cars longer than ever.