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September 2, 2025

Edmunds: Five big mistakes you need to avoid before buying your next new car

  • Avoiding these pitfalls can help ensure long-term financial security when purchasing a vehicle.
    • By JOSH JACQUOT
    Edmunds

    AP Photo/David Zalubowski, File [enlarge]
    One of the most costly and common mistakes car buyers make is waiting until they’re sitting in the dealership finance office to think about a loan.

    Buying a new car has never been more financially daunting. A 2025 analysis from Edmunds found that a record 19.3% of consumers who financed a new vehicle in the second quarter of 2025 committed to a monthly payment of $1,000 or more. That's nearly one in five buyers taking on what was once considered an extreme car payment — driven by high interest rates and rising vehicle prices.


     
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