New ability issues continue to afford the costs of cars despite the low payments

Car shoppers The challenges of the ability to withstand the market costs face new vehicles, although the average payments drop to the lowest level in four years, according to a new report.

Analysis was found by Edmonds that the average Book Introduction to the purchase of new cars He decreased to $ 6020 in the third quarter of 2025. This is the lowest level since the fourth quarter of 2021 and decreased from 6433 dollars in the second quarter of 2025 and $ 619 in the third quarter of 2024 – but the ability to withstand the costs of new cars is still a challenge for consumers.

The carbonists’ share with monthly payments that exceed $ 1,000 remained constantly high, representing 19.1 % of all the purchases of new cars funded in the third quarter, near the record of 19.3 % in the previous quarter. For used vehicles, monthly payments of more than $ 1,000 reached a record of 6.1 %, an increase of 5.6 % in the second quarter.

“In the third quarter, the ability to bear the costs in the new car market remained extended, as buyers have reduced less money, more funding and relying on longer conditions to maintain monthly costs under selection,” said Jessica Caldwell, Edmunds’s visions president.

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“But compared to the market close to the new, as the stock was restricted through sales of the Pantimian era and the reduced leasing activity, it seems that the new vehicles have appeared as a more convincing option,” she continued.

With the possibility of APRS decrease and It increases the tariff prices However, shopping for a new car might have felt more intelligent in the Q3 – and the shopping for a new car could have been granted as if it were a more intelligent play in the third quarter – and the new auto market could give a modest boost. “

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More than 1 out of 5 Carbuers who financed their purchase of seven years or more loans, as Edmunds analysts informed that loans for 84 months or the longest constitute 22 % of new car loans in the third quarter. This decreased slightly from 22.4 % in the last quarter, but it is higher than 18.5 % mentioned in the third quarter of 2024.

Car buyers also participate Large loans From the above, with the average amount of funding for the purchase of new vehicles to $ 42,647 in the third quarter, an increase of $ 42388 in the second quarter of 2025 and 40,713 dollars in the third quarter of 2024.

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High interest rates continued to provide a Challenge for buyersWith the average annual percentage rate (APR) by 7 % in the third quarter – which represented the third quarter in a row in which the average was at or exceeding 7 %.

The EDMUNDS report indicated that promotional financing by sellers was limited in the third quarter, with only 3.4 % of loans of 0 %, while 18.3 % of loans had rates less than 4 %. The share of the loans of 4 % or the top of 71.6 % – while another 13.8 % of APR loans was 10 % or higher.

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Analysts noticed that Federal reserve reduce interest rates By 25 basis points in late September, it occurred at the end of the quarter, and therefore had no significant impact in the third quarter.