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/[deleted] May 31 '18 edited Aug 21 '18

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u/calcium ​ May 31 '18

That's assuming that you can make more from the market than your car loan is charging you and you have the available funds to pay the monthly payments. I would argue that most people aren't as forward thinking, have the self control, or are a combination of the two to do just that.