BMW 2-Series Gran Coupe
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BIMMERPOST Universal Forums Off-Topic Discussions Board

Post Reply
 
Thread Tools Search this Thread
      01-24-2022, 01:06 PM   #1
SpeedyATL
Major
SpeedyATL's Avatar
1793
Rep
1,123
Posts

Drives: Z4 M40
Join Date: Dec 2021
Location: GA

iTrader: (0)

Garage List
2015 Yamaha FZ-09  [10.00]
2018 BMW S1000XR   [9.83]
2018 BMW R1200RT  [10.00]
2023 BMW X4  [7.88]
2022 BMW Z4  [9.78]
Would Changing Economic/Stock Market Conditions Cause You to Pass on an Ordered Car?

So, a lot can change in 4, 6, 9, 12 months since you ordered your car. If you have a car on order, would the economic climate at the time you are to take delivery impact your decision to close the deal?

For me, my pending car (M440CV) is a luxury that I'm paying close to full price for. (I need a car, but not necessarily a brand new $70k convertible...) And, when an economy slows down, luxuries often go on sale. So I'm on the fence as to what I would do if things slow down while I wait....

I'm just interested to know if this subject has crossed your mind and if so, what are you thinking as you wait for the day your car arrives?
__________________
2022 Z4 M40 Alpine White/Magma Red
2023 X4 30i MSport BSM/Cognac
2018 BMW S1000XR & BMW R1200RT
2015 Yamaha FZ-09
Appreciate 0
      01-24-2022, 01:13 PM   #2
M3WC
Brigadier General
3639
Rep
3,241
Posts

Drives: BMW
Join Date: Jul 2008
Location: ...location...location

iTrader: (0)

The scale of future US inflation has not been realized. Plan accordingly.
Appreciate 1
hubbahubba8710.00
      01-24-2022, 01:29 PM   #3
Fly320s
Private First Class
United_States
1557
Rep
140
Posts

Drives: Car
Join Date: Sep 2017
Location: NH

iTrader: (0)

Garage List
2020 BMW M2C  [5.50]
Quote:
Originally Posted by M3WC View Post
The scale of future US inflation has not been realized. Plan accordingly.
Care to elaborate?

Sounds like you are saying US inflation will be much worse than the current or forecast situation.
Appreciate 0
      01-24-2022, 02:10 PM   #4
2000cs
Captain
3444
Rep
1,004
Posts

Drives: Potato
Join Date: Feb 2012
Location: USA

iTrader: (1)

If you’re worried about the stock market, given what’s happened with car prices you might ask the dealer if they’d pay you to let them keep the car so they can sell it (for more, presumably) to someone else.

I agree with M3WC’s comment. Inflation is here for a while, and likely 5+%. The underlying problems of supply constraints and supply chain have not been resolved; inflation is an international issue; and there is continuing desire in the majority party to provide more and more fiscal stimulus. Not sure the FED can stem it, even if they have the will to try, with tight monetary policy. Just my opinion, man.
Appreciate 0
      01-24-2022, 02:21 PM   #5
Tommy-G
Captain
Tommy-G's Avatar
4467
Rep
694
Posts

Drives: 2015 435 Vert Alpine White
Join Date: Apr 2010
Location: Bradenton FL

iTrader: (0)

Being in the car dealership world, this isnt ending this year. If you pass on the car, they will have it sold in a day. I'm serious, salesmen have waiting lists right now for models.

I know nothing about the economy or inflation but the car industry isnt going to recover likely until 2024 sometime
Appreciate 1
SpeedyATL1792.50
      01-24-2022, 05:07 PM   #6
BRAKE!
First Lieutenant
834
Rep
318
Posts

Drives: 718 GT4
Join Date: Aug 2021
Location: USA

iTrader: (0)

Hey with the Fed set to raise Fed funds rate starting in March this year, wait until then to see what kind of effect it may have.

If the Fed does what it has planned, then we will see interest rate hikes that will eliminate some folks from the list and perhaps you may see decreased demand. I am not sure if the first rate hike will do much however, as there is a lot of demand to kill off for prices to come back down.

At the end of the day, if you have the money for it and you HAVE to HAVE it, then it is what it is - just take delivery. If not then cancel - you’ll not only lose the normal depreciation but also any $ you paid over.
Appreciate 0
      01-24-2022, 05:41 PM   #7
BMW F22
Major General
BMW F22's Avatar
United_States
3540
Rep
9,785
Posts

Drives: ///M235i
Join Date: Nov 2005
Location: Bay Area

iTrader: (8)

I am in the same boat. Not that it would really affect me much but it does make you step back ans ask if one should be buying a $100K+ vehicle during a downturn. Car won’t be here until end of year though.
Appreciate 0
      01-24-2022, 05:41 PM   #8
wtwo3
Major General
wtwo3's Avatar
17864
Rep
5,462
Posts

Drives: 23 X7 40i; 23 M3; 24 cooper s
Join Date: Aug 2019
Location: IL

iTrader: (0)

Garage List
While I'm not ready to order just yet... both of my leases end in October of this year. If they had ended today, I'd likely extend them for several months while I weighed my options and tried to see if there was a market correction to be had.

But I likely wouldn't "pass" on an ordered car altogether. Absolute worst case I would just pay the inflated pricing if the situation didn't improve. I typically set a budget for my cars a bit below what I'd consider my "max budget", just to offer a bit of wiggle room if I truly love something that might be outside budget.... or in this case... during market inflation.
__________________
2023 BMW X7 xDrive40i
2023 BMW M3 6MT
2024 Mini Cooper S Convertible

'20 BMW m340i... '20 BMW X5 40i... '16 Infiniti Q50 RS 400... '10 Lexus RX 350... '08 Lexus IS 350... '00 Nissan Maxima... '93 Nissan Maxima
Appreciate 0
      01-25-2022, 01:20 AM   #9
chassis
Colonel
chassis's Avatar
6374
Rep
2,283
Posts

Drives: 9Y0 Cayenne S
Join Date: Mar 2019
Location: Einbahnstraße

iTrader: (0)

Garage List
If you need a car, you need a car.

Is your income source solid, or does it fluctuate?
Appreciate 3
RickFLM410876.00
Tommy-G4467.00
minn1913970.00
      01-25-2022, 06:33 PM   #10
RickFLM4
Brigadier General
RickFLM4's Avatar
United_States
10876
Rep
4,816
Posts

Drives: M4
Join Date: Jul 2015
Location: PB County, FL

iTrader: (0)

It’s not like the financial crisis of 2008 going on. Unless you lost your job why even think about cancelling?
__________________
Current: 2018 SO/SS F83 ZCP
Gone: 2015 SO/SO F82
Appreciate 1
minn1913970.00
      01-26-2022, 08:02 PM   #11
3.0L
Colonel
3.0L's Avatar
8902
Rep
2,011
Posts

Drives: M235i, 20k miles
Join Date: Apr 2014
Location: California

iTrader: (0)

I tend to buy more things when my portfolio is up, and less things when it's down.

So yes, the market does influence my buying.

All-in-all, it averages out real nice like.
__________________
///M235i | Mineral Grey Metallic | Premium Package | Technology Package | Driver Assistance Package | Dakota Coral Red/Black Leather | Harman/Kardon Premium 360 watt sound system | 8-speed automatic

When writing your life's plan, use a pencil with an eraser
Appreciate 0
      01-26-2022, 08:11 PM   #12
Tyga11
Lieutenant Colonel
3227
Rep
1,606
Posts

Drives: M4 Comp
Join Date: Jul 2019
Location: Arizona

iTrader: (0)

Quote:
Originally Posted by 3.0L View Post
I tend to buy more things when my portfolio is up, and less things when it's down.

So yes, the market does influence my buying.

All-in-all, it averages out real nice like.
Yeah same. Nothing wrong with treating yourself when you have some nice gains.
Appreciate 0
      01-26-2022, 09:42 PM   #13
NickyC
Lieutenant General
NickyC's Avatar
17339
Rep
10,596
Posts

Drives: M4 CS. Former G82, x2 F82, F80
Join Date: Nov 2010
Location: Jacked out of my mind

iTrader: (23)

Attached Images
 
Appreciate 2
ASAP10049.50
RickFLM410876.00
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 06:40 AM.




bmw
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST