About Buying and Ownership
Buying a car is the second-largest purchase most households ever make, and it remains one of the few where haggling is still expected. Owning one is a longer story, a running tab of fuel, insurance, registration, depreciation and the occasional surprise at the service desk. This section is for the person on the other side of the showroom glass: the shopper comparing trims, the family stretching a budget, the commuter wondering whether a hybrid will ever pay for itself.
The way Americans buy cars has changed more in the past decade than in the half-century before it. Online pricing guides stripped away much of the mystery of the dealer's invoice, CarMax standardized no-haggle used-car sales, and Carvana built a business on vending-machine towers and home delivery. Then the pandemic and the chip shortage of the early 2020s turned the market upside down, with dealer markups on new cars and used models selling for more than they had cost new.
The market has since cooled, but cars are no longer cheap. The average new-vehicle price in the United States has hovered near $50,000, loans stretch to six and seven years, insurance premiums have risen sharply and tariffs threaten to push prices higher still. Electric cars add their own arithmetic of charging costs, tax credits that come and go and steep depreciation, while lease deals and manufacturer incentives swing with inventory levels.
The pages below cover prices and deals, reviews and comparisons, the used market, and insurance and running costs. The stories range from first drives and head-to-head tests to recall-driven buyer warnings, auction results and analysis of where prices and interest rates are heading, which is to say, everything worth knowing before signing anything. The market rewards patience and preparation more than almost any other big purchase, and the difference between a well-timed deal and an impulsive one can easily amount to several months of payments over the life of a loan.