The flying cars in “The Jetsons,” that 1962 to 1988 cartoon series about the future, never materialized.
We’re still rolling on pavement. But in the next few years, cars are expected to be able to find the fastest routes for drivers, order coffee, pay for the morning joe and direct the driver on where to pick it up. The auto industry anticipates that cars themselves will become consumers’ full-service mobile devices, Bloomberg News reports.
It’s expected to be a multibillion-dollar bonanza for the auto industry. But also expect that Joe and Josephine Sixpack will have to dig a lot deeper into their wallets if they expect to buy one of these dream machines.
The cars of the near future with more super high-tech and super-expensive equipment will be like smartphones compared to the old landlines of yesterday. The landlines were functional but relatively inexpensive to own and operate.
Smartphones are costly to own — some requiring consumers to pay on them monthly — in addition to paying more than $100 a month to operate. The majority of new car loans terms in 2014 were above 60 months. That’s five years!
Imagine what the terms would have to be for most consumers to be able to afford a smart-car that’s a full-service mobile device. And then imagine that with all of that hardware how often it might need adjustments, and let’s not even think about what it would take to repair one after a crash.