COVIT-19: Pros and cons for the car buyers

exokiss · 03-16-2020, 07:21 PM

Calling all automotive pricing analysts:

We all know that Fear is the oldest survival mechanism we have. On the other hand, financial anxiety is a beast on steroids that sometimes doesn't cooperate well with the new reality, and we have no other choice but simply adapt.

I'm eyeing the new X7, but having in mind the current pandemic chaos, I'm asking myself the question - Is it a good time to lease/buy a vehicle and how does the current situation (really) benefit the buyer in this case? Every opinion and advice is greatly appreciated. Thanks.

iconoclast · 03-16-2020, 07:26 PM

https://g07.bimmerpost.com/forums/sh....php?t=1570399

exokiss · 03-16-2020, 07:28 PM

Quote:

Originally Posted by iconoclast

https://g07.bimmerpost.com/forums/sh....php?t=1570399

I'm so sorry for being a novice in this amazing place. MODs please move it to the appropriate forums.

iconoclast · 03-16-2020, 07:38 PM

Hahaha... All good, just sharing a link to where you may find additional information.

Wild Blue · 03-17-2020, 10:13 AM

Specific to the Chinese COVID-19, yes, now would be a great time to buy. With the economy tanking, dealers are going to be jumping at opportunities to make a sale.

Me, I've literally lost $20k+ out of my X7 savings fund, that I had in the stock market. (sigh) Not a good time for me to pull my money out. Wish I had done it 2 weeks ago.

Screwly · 03-17-2020, 11:09 AM

Quote:

Originally Posted by Wild Blue

Specific to the Chinese COVID-19, yes, now would be a great time to buy. With the economy tanking, dealers are going to be jumping at opportunities to make a sale.

Me, I've literally lost $20k+ out of my X7 savings fund, that I had in the stock market. (sigh) Not a good time for me to pull my money out. Wish I had done it 2 weeks ago.

Sorry to hear that... hopefully this passes and it bounces back soon

03-16-2020, 07:21 PM	#1
exokiss Private First Class 66 Rep 134 Posts Drives: 2020 BMW X7 Join Date: Mar 2020 Location: New York iTrader: (0) Garage List 2020 BMW X7 [0.00]	Calling all automotive pricing analysts: We all know that Fear is the oldest survival mechanism we have. On the other hand, financial anxiety is a beast on steroids that sometimes doesn't cooperate well with the new reality, and we have no other choice but simply adapt. I'm eyeing the new X7, but having in mind the current pandemic chaos, I'm asking myself the question - Is it a good time to lease/buy a vehicle and how does the current situation (really) benefit the buyer in this case? Every opinion and advice is greatly appreciated. Thanks.
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03-16-2020, 07:26 PM	#2
iconoclast Self-Deprecating Narcissist 7264 Rep 6,561 Posts Drives: Audi BMW Ferrari LR MB Join Date: Jan 2014 Location: In, Out & Around... iTrader: (1)	https://g07.bimmerpost.com/forums/sh....php?t=1570399 __________________ http://www.instagram.com/_.iconoclast/
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03-16-2020, 07:38 PM	#4
iconoclast Self-Deprecating Narcissist 7264 Rep 6,561 Posts Drives: Audi BMW Ferrari LR MB Join Date: Jan 2014 Location: In, Out & Around... iTrader: (1)	Hahaha... All good, just sharing a link to where you may find additional information. __________________ http://www.instagram.com/_.iconoclast/
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03-17-2020, 10:13 AM	#5
Wild Blue Brigadier General 3684 Rep 3,479 Posts Drives: 2021 X7 M50i, 2004 330i w/ZHP Join Date: Dec 2012 Location: Alaska iTrader: (0)	Specific to the Chinese COVID-19, yes, now would be a great time to buy. With the economy tanking, dealers are going to be jumping at opportunities to make a sale. Me, I've literally lost $20k+ out of my X7 savings fund, that I had in the stock market. (sigh) Not a good time for me to pull my money out. Wish I had done it 2 weeks ago.
	Appreciate 0 Quote