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Truck purchases are driving up the average cost of car payments. Some buyers pay over $1,000 a month (www.nbcnews.com)
submitted 1 year ago by deconstruct@lemmy.world to c/personalfinance@lemmy.ml
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More than 1 in 4 car shoppers in Texas and Wyoming have committed to paying more than $1,000 a month, and experts say it is due to the high volume of large truck purchases in those states, according to a report by auto site Edmunds.

More than 1 in 5 shoppers in seven other states — Colorado, Kansas, Louisiana, Montana, Nebraska, North Dakota and Utah — are also forking over more than $1,000 for their vehicles each month.

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[-] HiddenLayer5@lemmy.ml 22 points 1 year ago

I am so glad I live somewhere with decent public transit. Never want to buy a car if I can help it.

[-] cassetti@kbin.social 9 points 1 year ago

Before moving, I specifically chose somewhere that I could commute by bicycle most days - both for work, and to run short errands. My 10 year old vehicle sits parked most days, while I put over 3000 miles a year on my bicycle haha. I'd much rather burn the calories and save money at the same time over having some fancy new vehicle with all sorts of bells and whistles.

[-] sugar_in_your_tea@sh.itjust.works 1 points 1 year ago

I did that too for several years, then I switched jobs and now I'm back in the car.

I'm looking into ebikes, but the transit sucks so bad that it would take me 4x longer by bus/train than by car (30 min by car, 2 hours by train+bus; I estimate ~1 hour by ebike).

I guess my point is, until the US gets serious about people first infrastructure (instead of car first), it's going to be an uphill battle for those of us that prefer to avoid driving.

this post was submitted on 24 Aug 2023
111 points (95.1% liked)

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