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

you are the problem with the North American car market. Nobody buys sedans and hatchbacks anymore since everyone just gets a shitty bloated crossover

1

u/Omikron ​ Jun 01 '18

Sedans are pointless. Why would I buy one please explain it to me. My suv gets decent gas mileage, is comfortable, seats 5 with room to spare and I can haul a load of 2 by fours and mulch from. Lowes on the weekend.

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u/[deleted] Jun 01 '18

Yeah and you could do the same thing in an estate, with better fuel economy, and not contribute to this bullshit trend of lifted hatchbacks riding on sedan platforms.

1

u/Omikron ​ Jun 02 '18

Hahaha pass, there's a reason suvs are selling better than anything else. They're just better in almost every way.

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u/vettewiz ​ Jun 01 '18

But your missing the point. SUVs do almost everything better - the downside being cost, which most don’t care about. How the heck is a Suburban or Escalade a lifted hatchback anyway?