CAN-USA Tariff Strife (split from various pol threads)

[Czech_pivo]

Things are not all roses and sunshine south of the border.

More monthly auto loan payments are above $1,000, and most are not for luxury models​

More monthly auto loan payments are above $1,000, and most are not for luxury models

The top five models for the $1,000-plus payments were popular pickup trucks including the Ford F-150, Chevrolet Silverado 1500 and Ram 1500.

www.cnbc.com

• Experian Automotive’s analysis of more than 5 million open auto loans and leases in the first quarter shows nearly 19% of new vehicle loans include a monthly payment of at least $1,000
• 
  
• Almost 74% of the auto loans requiring owners to pay $1,000 or more every month are for non-luxury models.
• 
  
• The top five models for the $1,000-plus payments were popular pickup trucks including the Ford F-150, Chevrolet Silverado 1500 and Ram 1500, according to Experian. @Halifax Tar - Does a CDN F150 translate to a 1k/month payment?

Just five years ago, auto loans with monthly payments over $1,000 accounted for just 5.4% of the market.
The average amount borrowed is now at an all-time high of $43,952, and the average monthly payment has also climbed to an all-time high of $770,

All amounts are in USD - so the average borrowed amount would be 43,952 * 1.38 = 60,652 CAD - that's the total amount borrowed, not the purchase price.

 

[Halifax Tar]

Things are not all roses and sunshine south of the border.

More monthly auto loan payments are above $1,000, and most are not for luxury models​

More monthly auto loan payments are above $1,000, and most are not for luxury models

The top five models for the $1,000-plus payments were popular pickup trucks including the Ford F-150, Chevrolet Silverado 1500 and Ram 1500.

www.cnbc.com

• Experian Automotive’s analysis of more than 5 million open auto loans and leases in the first quarter shows nearly 19% of new vehicle loans include a monthly payment of at least $1,000
• 
  
• Almost 74% of the auto loans requiring owners to pay $1,000 or more every month are for non-luxury models.
• 
  
• The top five models for the $1,000-plus payments were popular pickup trucks including the Ford F-150, Chevrolet Silverado 1500 and Ram 1500, according to Experian. @Halifax Tar - Does a CDN F150 translate to a 1k/month payment?

Just five years ago, auto loans with monthly payments over $1,000 accounted for just 5.4% of the market.
The average amount borrowed is now at an all-time high of $43,952, and the average monthly payment has also climbed to an all-time high of $770,

All amounts are in USD - so the average borrowed amount would be 43,952 * 1.38 = 60,652 CAD - that's the total amount borrowed, not the purchase price.

That would depend what trim level you get I think. Right now I'm looking 250s and 350s with the Godzilla engine and I'm prepared to pay that.