Abc News Car Buying Tips May 2026

: Be wary of 72-month or 84-month loans. While they lower monthly bills, they increase total interest paid and keep you "underwater" (owing more than the car is worth) for much longer.

: With trade-in values remaining strong in 2026, get multiple appraisals online and from local dealers to ensure you capture your car's full value as a negotiating tool. Used Car Shopping Tips abc news car buying tips

: Experts recommend putting 20% down , limiting the loan term to 4 years , and keeping total vehicle expenses under 10% of your monthly income . : Be wary of 72-month or 84-month loans