A newer used car
$32,400
2026 average for a 3-year-old sedan
Financed at 7.5%
$649/mo × 60 months
- — $400/year higher insurance
- — $200/year higher registration
- — Depreciates ~20% in year one
- — 5 years of car payments
Source: Edmunds Q1 2026 Used Car Report; average 3-year-old sedan ATP $32,400, financed at 7.5% APR.