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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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[–] sugar_in_your_tea@sh.itjust.works 7 points 1 year ago* (last edited 1 year ago)

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.