[O Haiii]

Nothing serious, just to stir up some fun,

With the stock market pulling back like this, anyone think it'll lower the demand for M2C in the coming months leading to a nice discount in selling price?

I remember in the 2008 recession you could buy M cars, corvette z06, and other specialty purpose cars at ridiculous discounts..

I know this market pull back won't get anything near the magnitude of the 2008 crash, but i still think it'll have an effect on M2Cs being discounted.

[HPIA4v2]

Doubt it, unless DOW drops to 20k mark
Even that, if the interest rate and RV are in line, BMWNA can sell M2C at the current pace. Non-M models may get discounted further, that's more commodity like anyway

[Commanderwiggin]

Have to see but I'm betting on discount everything in 2020...let the recession come.

[aftercompletion]

Originally Posted by O Haiii

Nothing serious, just to stir up some fun,

With the stock market pulling back like this, anyone think it'll lower the demand for M2C in the coming months leading to a nice discount in selling price?

I remember in the 2008 recession you could buy M cars, corvette z06, and other specialty purpose cars at ridiculous discounts..

I know this market pull back won't get anything near the magnitude of the 2008 crash, but i still think it'll have an effect on M2Cs being discounted.

Not very likely. Used car prices will crater, however so you might be able to get a good deal on an LCI.

[CosmosMpower]

No, if you can't comfortably buy this car in a good market you probably can't in a down market.

[O Haiii]

haha what a douchey answer that is. Everyone is looking for opportunities and discounts. Just look at the countless threads and posts on here as i'm sure you're aware of. In fact, some are willing to drive cross country for msrp deals. It has nothing to do with whether or not one can afford it.

[CosmosMpower]

Originally Posted by O Haiii

haha what a douchey answer that is. Everyone is looking for opportunities and discounts. Just look at the countless threads and posts on here as i'm sure you're aware of. In fact, some are willing to drive cross country for msrp deals. It has nothing to do with whether or not one can afford it.

Of course everyone is looking for a deal, but rarely does a 2-5k discount affect your buying decision on a 55-60k car.

[O Haiii]

Originally Posted by CosmosMpower

Of course everyone is looking for a deal, but rarely does a 2-5k discount affect your buying decision on a 55-60k car.

Noone here said it is affecting their buying decision. It's just a thought to entertain. People here get ecstatic over a 2-5k discount and that's because of the way it makes them feel, not because they can afford a car that they could not previously without the discount.

Anyways, hoping the market does not keep going lower. I'd rather pay msrp any day with my portfolio appreciating than taking a beating in stocks and getting a few k in M2C discount.

[Commanderwiggin]

Come on biggest recession since the dirty 30's... sub 2k S&P

[HPIA4v2]

Originally Posted by Commanderwiggin

Come on biggest recession since the dirty 30's... sub 2k S&P

F! M2C, I am getting guns, ammo, water, rice and diesel fuel then hunker down in my house

[CryptoM2]

I love this thread! The question is do you have cash and are you going to want to part with it when everything is crumbling around you?
If you don't have cash then "buy" it now on an 84 month loan and drive it till the repo man takes it.

[CosmosMpower]

Originally Posted by O Haiii

Noone here said it is affecting their buying decision.

What do you think lower demand means? It means less people are buying the car. You shouldn't be buying a 60k car if you can just barely afford it and a down market and a matter of a few thousand dollars means you can't afford it anymore.

The stock market won't have much of a bearing on M2C. In most major markets there are waiting lists and people are paying sticker or over in some cases.

[O Haiii]

Originally Posted by CosmosMpower

What do you think lower demand means? It means less people are buying the car. You shouldn't be buying a 60k car if you can just barely afford it and a down market and a matter of a few thousand dollars means you can't afford it anymore.

The stock market won't have much of a bearing on M2C. In most major markets there are waiting lists and people are paying sticker or over in some cases.

i can afford the car regardless of whether or not i get the discount, like most people here. My garage houses cars that are more valuable than the M2C and this will not be my daily. So I don't need it right now, just entertaining the thought since the market hasn't been doing too well recently and I happen to be in the industry. I think you're taking this too seriously. Was intended to be a fun topic.

Stock market as an effect on EVERYTHING. Go back to 2008 and see what happened. Cars, homes, 401k, investments, everything declined. People who lost their life savings cannot afford to buy sports cars anymore. I'm not saying this will be like 2008. Because it wont. But continued decline in the stock market will affect the selling price to an extent, especially on a car like the M2C

[JayBBBMW]

haha. Really hope that will not happen. If it comes true, I only save at most 10k, but may get less pay or laid off

[HPIA4v2]

Originally Posted by JayBBBMW

haha. Really hope that will not happen. If it comes true, I only save at most 10k, but may get less pay or laid off

I thought everyone here has 7-figure 401K here , forget layoff; losing $500K, that's almost 8 M2Cs.
I lost 45% (on paper) on my 401K in 2008, I was so numb I didn't do anything which turn out to be the best move cause DOW roaring back in summer 2009.
Many friends, move their 401K to money-market and bonds, "better be lucky than good" is true.

[JayBBBMW]

Originally Posted by HPIA4v2

I thought everyone here has 7-figure 401K here , forget layoff; losing $500K, that's almost 8 M2Cs.
I lost 45% (on paper) on my 401K in 2008, I was so numb I didn't do anything which turn out to be the best move cause DOW roaring back in summer 2009.
Many friends, move their 401K to money-market and bonds, "better be lucky than good" is true.

7 figures? 1,000,000. At current speed I put money in 401k, I need 50 years to reach that number.

Yep, you were lucky. God bless us.

[akkando]

Originally Posted by O Haiii

i can afford the car regardless of whether or not i get the discount, like most people here. My garage houses cars that are more valuable than the M2C and this will not be my daily. So I don't need it right now, just entertaining the thought since the market hasn't been doing too well recently and I happen to be in the industry. I think you're taking this too seriously. Was intended to be a fun topic.

Stock market as an effect on EVERYTHING. Go back to 2008 and see what happened. Cars, homes, 401k, investments, everything declined. People who lost their life savings cannot afford to buy sports cars anymore. I'm not saying this will be like 2008. Because it wont. But continued decline in the stock market will affect the selling price to an extent, especially on a car like the M2C

2008 isn't the normal ups and downs, you can't use that as an example of a regular up or down cycle. Yea if the economy is crashes and people don't know if their bank will survive would effect M2C prices, be we are not there, yet.

[CosmosMpower]

Originally Posted by O Haiii

But continued decline in the stock market will affect the selling price to an extent, especially on a car like the M2C

08 was a total crap storm, small deviations in the market won't affect the price of a M2C.

[AlpsRider]

Originally Posted by CosmosMpower

08 was a total crap storm, small deviations in the market won't affect the price of a M2C.

Yep, it is unlikely that the economy suffers another downturn like that in our lifetime but anything is possible. I think a recession would affect premium car prices. I don't know about the M2, but slightly used Porsches were selling at a 35% discount during the great recession. It depends if the "rich" get hit in a downturn. Often the rich don't suffer as much as the general population. The Great Recession was a BIG exception to that.

[O Haiii]

haha if you guys remember, noone predicted that crash in 2008. They didnt think such a crash was even possible. So never say never..

[HPIA4v2]

Originally Posted by O Haiii

haha if you guys remember, noone predicted that crash in 2008. They didnt think such a crash was even possible. So never say never..

Remind me again 2000 crash, everyone is talking about internet era (or dot com era), "We are in new paradigm as far as stock market goes", LOL samo-samo, what comes up must go down paradigm at the end.