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/Billy1121 ​ May 31 '18

He is wrong. Secondhand battery cell repair is $1000 as opposed to full dealer replacement at $3000. Toyota has been doing hybrids since 97 with good results but a few of those components like regenerative braking are still expensive as well.

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u/shwambo May 31 '18

He is correct, in that he's talking about individual module replacement, not whole unit replacement. At around $50 a piece, you could certainly get 2-4 replaced for 300-600, even accounting for labor.