In 2022, Cars.com launched new digital financing tools and offered new ways for shoppers to sell their current car to a local dealership. The technology helps shoppers understand what they can afford, get preapproved for a loan, determine what their current car is worth and claim an instant offer from a local dealership.
Fuel Prices: Tanks and No Tanks
Though gas prices have since settled from the headline-grabbing highs of 2022, affordability in the form of fuel expense remains a major consideration for shoppers and a key component in the Affordability Report's analysis. Aside from the top-ranked EVs and plug-in hybrids, which all had calculated first-year fuel costs between $600 and $1,100, the most fuel-efficient gas-powered vehicle among the finalists is the Hyundai Elantra, with an estimated first-year fuel expense of $1,350.
For more information on the 2023 Cars.com Affordability Report, including a deeper dive into the data and methodology, visit Cars.com.
Source: Cars.com
Abby Andrews