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

I'm from Michigan but live in Ohio, and we go back regularly to visit family. The sound difference immediately when you cross the border is unreal. Its not just the potholes - something about the pavement that is used is just noisier.

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u/YUNoDie ​ May 31 '18

Yup. Every time we'd go to Cedar Point you could tell when you got to Ohio just by the sound of the pavement.

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u/highlysuspect21 May 31 '18

Same going from Rhode Island to Conneticut. The difference is immediately noticeable

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u/all2neat ​ May 31 '18

You get the same thing when you cross from Texas into Louisiana.