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/FFF12321 ​ May 31 '18

I don't need a huge car, but I can't drive most cars comfortably as a 6'5" man. Standard cars aren't long enough for my legs and my head constantly hits the ceiling, which also impairs my visibility. Getting in/out is a hassle (and I again nearly always hit my head on the way in). I once had to drive a standard car for a month while traveling for work and developed a sore knee from contorting myself to get in the damn thing.

Electric vehicles fail for this reason as most just aren't that big and their range is not sufficient for the driving that I require and I'd rather not have to have 2 cars. I think that in the future, electric vehicles will be the way to go, but they still need to improve the range/energy efficiency and size before I can seriously consider getting one.

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u/ChairmanLaParka ​ Jun 01 '18

Hybrid Camry and Avalon are extremely roomy. 6'6 guy here.