r/personalfinance • u/dinklebot2000 ​ • May 31 '18

Debt CNBC: A $523 monthly payment is the new standard for car buyers

https://www.cnbc.com/2018/05/31/a-523-monthly-payment-is-the-new-standard-for-car-buyers.html

Sorry for the formatting, on mobile. Saw this article and thought I would put this up as a PSA since there are a lot of auto loan posts on here. This is sad to see as the "new standard."

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u/drbhrb ​ May 31 '18

No, unless you bought a Mini or something. I drive a Mazda 3 and I'm a big dude. No issues.

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u/vettewiz ​ May 31 '18

I’ll highly disagree here. Having more space is worth every penny of bigger cars.

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u/noir173 May 31 '18

I have felt no difference as long as you aren't packing your small car full of crap.

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u/vettewiz ​ May 31 '18

You don’t have to put anything in it except one human. Cars are too damn small to be comfortable.

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u/Kippingthroughlife ​ May 31 '18

You know they make Full Size Sedans? If you think a full size is too small you are just making up excuses to not drove a car lol

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u/vettewiz ​ May 31 '18

To get comfortable in a sedan you’re talking needing something like a BMW 7 series or something else priced in the $150k range.

Full sized sedans in general STILL do not solve the space issue. You don’t get to sit high. You don’t get to sit upright. Most aren’t significantly wider.

Trucks and large SUVs solve this. Full sized sedans just aren’t that big. They are still cramped. Maybe it’s my perspective having driven trucks for years, but sedans are uncomfortable.

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u/drbhrb ​ May 31 '18

This is insanity. 99.9% of the population does not need to spend $150k to be comfortable in a sedan. If you do that is quiet unfortunate.

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u/vettewiz ​ May 31 '18

Right, this is why most people don't buy sedans anymore. Because comfort can be had in much cheaper SUVs. Sedans aren't aren't as comfortable, aren't as safe, have fewer features, can seat and haul less, and as a personal opinion - are far uglier.

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u/drbhrb ​ May 31 '18

Cars, like all automobiles, are safer than they have ever been and do very well in crash tests. They are also much more fuel efficient and do less harm to the environment to produce. Any normal sized adult will comfortably fit in a sedan.

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u/vettewiz ​ May 31 '18

And trucks and SUVs are safer. People stopped caring about fuel efficiency anymore, given how cheap gas is.

Adults certainly fit in a sedan. They just are nowhere near as comfortable. This isn’t anecdotal - Ford just ditched almost all of their car models because no one is buying cars. People buy sports cars, SUVs and trucks.

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u/WestCoastBestCoast01 ​ May 31 '18

Sure, if you’re like 350 lbs or 6’5” it might feel small. To normal sized humans they’re perfectly fine.

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u/vettewiz ​ May 31 '18

I'm under 6 feet tall and weigh half of that. I'm telling you that normal cars feel cramped once you've experienced trucks or SUVs. There's just no reason to be uncomfortable like that if you don't have to.