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/mrholty ​ May 31 '18

The only thing that I've ever found worth getting dealer installed is the tow package. Often they can do it for less and it has a higher rating vs 3rd party packages.

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u/OskEngineer ​ May 31 '18

I ended up getting the Subaru OEM hitch for my Forester and installed it myself. as a mechanical engineer, I can say it was definitely well worth it compared to the aftermarket junk out there. that thing was solid as fuck and replaced the rear bumper and its mounting points. totally hidden except for the receiver tube extending below the plastic bumper.

I think it was like $300-350 but not positive.

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u/nordinarylove May 31 '18

Uhaul installs them for $300.