Buy Now or Wait on the Crazyness to Subside??

[Dagwood_55]

Been looking and was planing on buying a new TC this coming week.

Now I'm thinking on waiting till the Corona Crises has settled down or at least leveled out. Or the dealer may be a little more motivated now......

Thoughts???

[kellem]

As soon as hospitals have sufficient resources and bans are lifted this may likely be a mini recession.

Just bought a 2020 Keystone as it's a buyer's market.

[Lwiddis]

I agree, bumpy. Make a dealer an offer. All he/she can say is "yes" or "no."

[Bumpyroad]

I wouldn't let Henny Penny the sky is falling to affect my decision. some dealer's might be desperate to unload stock.
bumpy

[ford_truck_guy]

When I took delivery of my 2020 Ford a week or so ago, there was NO incentive to finance with ford, so I went with our local credit union. financed at 2.94%

NOW is the time to borrow money, it is almost free, or at least as free as it will ever be.

My daughter purchased a house this time last year, she is in the middle of a refinance.. she is going from a 30 year to a 15 year and will be able to keep her same monthly payments...

If borrowing money, now is the time

[ppine]

A Recession is imminent if it hasn't started already. Everything is going to be cheap in a couple of months. Cash talks. I would wait.

[B_O__Plenty]

BarneyS wrote:
A lot of the dealers around the southern Michigan area are advertising 0% financing for up to 60 months. Might as well use their money for free to get one instead of depleting my own cash. Sure wish I was in the market for a new truck! :W
Barney

But in lieu of their 0% you can usually get a decent sized discount instead. Check with your credit union, mine is at 2.99%. Run the numbers you might come out better. There is no free lunch, everything costs something.
B.O.

[BarneyS]

A lot of the dealers around the southern Michigan area are advertising 0% financing for up to 60 months. Might as well use their money for free to get one instead of depleting my own cash. Sure wish I was in the market for a new truck! :W
Barney

[spoon059]

MitchF150 wrote:
According to the media, we'll all be infected or dead by Fall.....

So buy on credit and don't worry about it? :B Just kidding...

[Ductape]

Best to buy when the herd is selling and vice versa. I doubt sales of expensive discretionary recreational products are going to fare well in this uncertainty. It’s going to be a buyer’s market for a while.

[craig7h]

I would check the interest rate as the fed.just lowered it to about 0 that should make a difference in financing

[Grit_dog]

Presumably you have an idea what the model you want should cost.
See if you can get it for less. If you can, decide whether or not to buy it.
If you can't, decide whether or not to buy it.
None of us have a crystal ball to know what it will be worth in a month or a year.

[time2roll]

I would wait.

[NoVa_RT]

There are far fewer buyers for costly discretionary purchases during economic uncertainty or a downturn. If you’re in a position to go ahead, you may be able to make a better deal.

[MitchF150]

According to the media, we'll all be infected or dead by Fall.....