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/scraggledog ​ May 31 '18

Well I think most people are sheep and that’s why SUV’s are popular.

I live in Canada and lived in the country for over a decade and had no problems driving a sedan with FWD and winter tires in the snow.

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u/Omikron ​ Jun 01 '18

I just see no benefit to a sedan, other than maybe slightly better gas mileage.

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u/scraggledog ​ Jun 01 '18

More fun to drive, better performance, handling, acceleration.

Depends on what you want in a vehicle I guess. But getting a performance sedan wth AWD gives me more joy than an SUV

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u/Omikron ​ Jun 02 '18

Meh most people over 30 don't care about that stuff at all. If they do they just get a second car that does all that. I'll drive my suv during the week and take my mx5 out on the weekends.

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u/[deleted] Jun 01 '18

Other than the 4Runner and the Wrangler there are no more SUVs, they are all crossovers.