04-22-2020, 08:08 PM | #89 |
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Just read an article today from MarketWatch that its a total car buyers market at this point in time. It also called out that with all of the incentives to buy (0% interest, 6 month deferrals on 1st payment, etc.) that the leasing rate vs buying rate has drastically shifted. The auto manufacturers and associated financial services arm actually prefer leasing as they believe there is a greater chance during a lease return the owner will opt for leasing one of their new models (hence the loyalty discounts, lease incentives, etc.).
The concern is for their grab at any sales transaction possible for the lease returns in April/May is with the financing incentives they may lose the lease return/re-lease factor. Only time will tell but yet another impact of COVID-19 on the auto industry. If I had not purchased my M850i last December I'd be aggressively looking at picking up a new car. In fact regardless of the M850i if I had a 3-car garage I'd be in the market right now. |
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04-22-2020, 08:25 PM | #90 | |
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2019 M850i xDrive Coupe (06/19 Production)
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04-22-2020, 08:41 PM | #91 | |
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I'm still in close contact with dozens of friends from my prior high-tech manufacturing gigs and they're projecting a WW before returning to normalcy. If the car industry expects a V well they are likely in for a rude awakening. |
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04-22-2020, 08:54 PM | #92 | |
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2019 M850i xDrive Coupe (06/19 Production)
Mineral White/Black, HP Cooling/Tire/M-Technology Pkg/Extended Shadow/Etc., Anthracite Headliner, Carbon Roof, DAx2, Display Key, Various Accs'. Topic permitting, I try to be objective as possible |
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