2y ago

Truck purchases are driving up the average cost of car payments. Some buyers pay over $1,000 a month

www.nbcnews.com

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.

44 comments

Obviously every type of car has bad drivers but man, pickups have got to be the most terrifying of the bad drivers.
- It's SUVs in my area. There's enough actual farmers and people who legitimately need pickups to somewhat offset the limp dick compensators. SUV drivers here tend to be piss scared and incredibly timid, which is why they buy SUVs. Think being higher up is safer.
  Which is true until you flip, in which case you're fucked. And that's ignoring that the rise of SUVs and pickups has seen an average of a 6% YOY increase of pedestrian deaths since 2008.
  
  I live in a snowy area, and most of the accidents in the winter seem to involve trucks and SUVs. It's probably just because trucks and SUVs are more popular in my area, but there's something to be said for getting overconfident, after all, all cars have four wheel braking.
  I have never bought snow tires in >10 years of living here, have only driven two wheel drive cars, and I've never wrecked a car. I did slide into a snowbank once with my sporty car when in college, but I was going slow enough that it wasn't hard to get out (just threw down some microfiber rags to get traction and reversed). I try to avoid unplowed roads, so it's just not needed once the roads are cleared.
  I hate driving SUVs and trucks, and I only put up with my minivan because it's so practical with kids (I have three).
  
  Being higher up isn't really safer, sorta feels that way but push come to shove a lower cg is almost always preferable.
  
  I rolled my 3rd gen 4 runner in a snowstorm a few years back. Had it flipped over, popped a couple dents, and still driving it today! I should probably fix the sway bar and get new tires but I like to live dangerously I guess.
Sucker is much easier to spell than bourgeoisie
You can just see it some areas, run down houses in need of renovation or at least a paint job with brand new shining pick ups in the driveways, it's fair game if you actually tow things or plough snow, but other than that just pissing away money for a fancy new car that for the most part do like 15mpg
- Yup. I considered getting a Ford Lightning as a commuter to make those trips to the hardware or furniture store easier, but honestly, my minivan works fine. I've probably hauled more things in my minivan than my neighbors have hauled with their trucks. I've done dump runs, hauled furniture, hardware store runs, etc. The few times I've needed a truck I just rented one for the day for $30-40.
  And my minivan gets crappy mpg, but it's still ~20, which is better than most trucks. And it hauls my three kids and their friends pretty effectively.
- Dude, just yesterday I see this guy who coming out of a rundown apartment, with 4 kids running around with tattered clothing, getting into a 60k brand new 3 row SUV.....
  I don't know who is worse the moron getting the loan, or the fucking bank approving it.
I am so glad I live somewhere with decent public transit. Never want to buy a car if I can help it.
- 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.
  
  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.
These giant "light trucks" are so much more dangerous on the road than smaller cars. This is a good video about it, and he cites his sources https://youtu.be/jN7mSXMruEo
Weird headline. Isn't this basically just stating that (1) new cars are getting more expensive, and (2) trucks continue to make up a substantial share of new car purchases in the US (both of which were obvious)?
- Yes but let's not waste a good opportunity to speak want how nobody needs a truck, they all have small dicks, and all are shitty drivers because the American South bus them the most.
This is the best summary I could come up with:
Car shoppers are paying more than ever to finance new vehicles — and pickup trucks are driving up the average cost in at least two states.
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, Edmunds found.
Large trucks are the third-largest vehicle sales segment in the U.S., after compact and midsize SUVs, and account for the “heaviest finger on the scale” when it comes to the average car payment, said Joseph Yoons, a consumer insight analyst for Edmunds.
Trucks have evolved from utilitarian vehicles to highly aspirational ones that consumers are willing to spend a lot of money on — and automakers are noticing, added Waatti.
“It does not seem strange to me that a quarter of the population in Texas have some serious cash, [saying] ‘I couldn’t get one of these fancy trucks before, I can get them now,’” said Tom McParland, contributing writer for automotive website Jalopnik and operator of vehicle-buying service Automatch Consulting.
The original article contains 561 words, the summary contains 222 words. Saved 60%. I'm a bot and I'm open source!
Large trucks are the third-largest vehicle sales segment in the U.S., after compact and midsize SUVs
That's like saying chicken is the third most expensive meat after steak and pork.
- No, it's like saying chicken is the third most purchased meat after steak and pork.
Thank you for sharing!
- I guess I shouldn't be allowed my hobbies because of my small pp 😭😭😭😭😭
I'm not sure what part of, " I want a truck and I want luxury features", you all don't understand.
- The part I don't understand is when a truck costs more than my mortgage. That's just nuts!
  In my mind, a truck is for getting work done. If I ever get a truck, it probably won't have a crew cab and it'll be all about making sure the towing and bed capacity can do the job. That's it. I'll probably get something with an MSRP of $30-40k, because that's all I'll need to get the job done.
  I dislike driving trucks though, so I guess I don't get it. In fact, I dislike driving in general, I only do it because it's the most practical way for me to get around. I've driven a variety of cars, from trucks (least favorite) to manual transmission sports cars (my favorite), and I've settled on a Toyota Prius because it's so practical. If I could pick anything to drive for fun, it would be a middle tier sport bike (like SV650), but it's impractical because my area gets a lot of snow in the winter, so I'd only be able to drive for about half of the year.
  Maybe it's a cultural thing. The only person in my family that owns a truck is my brother, and he pretty much only uses it to haul his MTB or skis out to the trails. It's just big enough to get the job done and not get stuck. My only friend that drives one drives a beater, because hauling mulch and whatnot is a lot easier with a truck.
  
  Because after a day of working on my home or racing I want a comfortable ride to home Depot or coming home on a 3 hour drive. If my wife needs her car I might need to use it for I understand not everyone needs these things but I'm tired of the reddit/lemmy standard arguments coming out of fuck cars so here I am mouthing off to dev/null
- This shouldn't even exist.
  
  👌👍
… and that’s how America brought back slavery: volunteers.
- I don’t really see how signing up to make payments on an expensive vehicle equates to slavery
  
  I believe they are using a literary device called hyperbole to illustrate the wage-slave relationship to consumerism in modern socioeconomics.
- Maybe you should look up the definition of slavery
- Oh no, I'll tow my car to the track in my in cooled massaging seats, but fuck me I'll have to work 30 hours next week and only get to retire at 55.
  Most people buying these trucks are very well off.

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