mr peters investigates new car prices;

As you have probably heard or already know, the average price paid for a new vehicle is now about $50,000. You may have also heard or read that almost 20 percent of new car loans exceed $1,000 per month. It pays not to buy into that.

But how much does it actually cost?

I decided to see – using my ’02 Nissan Frontier (which I intend to keep for as long as possible) as the basis for the estimate. Right now, the truck is in great mechanical shape and so it costs me next-to-nothing to not buy into a loan on a new truck, – which would cost me a minimum of $31,900 (plus interest) for the least expensive new truck on the market, the Chevy Colorado...........more........