Quote:
Originally Posted by SteveinArizona
If the world economy continues to tank, eventually car prices should start coming down as folks can't afford new cars.
BUT...at least for a while, the supply chain for most new cars is world wide and it is likely that even if BMW can get a particular factory up and running again, it likely won't be able to access all the parts it needs. So production will likely be constrained for a while protecting prices.
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Depending on how this shakes out in the medium term it could soften the depreciation of BMW cars as you'll likely see the used car market recover faster than the new car market.
How long that impact lasts will depend largely on how long this thing goes for and how smoothly the recovery is overall.
But I wouldn't be buying right now or even very close to right now. Even with the money available you'll likely end up leaving money on the table. Once dealerships are back up and things are recovering they'll likely offer deeper discounts to jumpstart things again. Interest rates are likely to come down even more if you're leasing or financing. Etc.
Hell even if you can afford it now we have no idea what the landscape will be when the dust settles so you may not be as well situated once it settles as you think you are for a variety of reasons.