Shocked how many people are looking at new cars!

[Anonymous]

Anonymous wrote:Can those people who bought used tell me how they did it safely during this time.

I won’t even touch those covid cars. Gross

[Anonymous]

Spring and summer are always popular times to buy cars. So you have pent up demand from the winter, then the virus, of course it will be busy.

Also, some might be trading down from their super expensive car to something more affordable to weather the storm.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We just bought a car. My DH is still getting paid. It’s actually a great time to buy.

For now.

Not everyone is affected by this 'crisis'. My industry is going bananas.

. My boyfriends industry is up 35%

[Anonymous]

Anonymous wrote:
No kidding that there are a lot of people looking at new cars … and by all evidence, buying them. I was on the GW Parkway and Beltway today. Every other car that passed me (yes, I drive slow) had a new car tag flapping as they zipped on by. They weren't all one brand, either.


Lot of people were relying on Metro or slugging. No one wants to get into someone else's car for a commute now.

The traffic when everyone reverts back from WFH is going to be horrendous.

Some people are going to be offered more WFH or WFH for the first time. My husband is in that situation. This has opened up a new possibility for him and his employer is very much onboard for people to do it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
No kidding that there are a lot of people looking at new cars … and by all evidence, buying them. I was on the GW Parkway and Beltway today. Every other car that passed me (yes, I drive slow) had a new car tag flapping as they zipped on by. They weren't all one brand, either.


Lot of people were relying on Metro or slugging. No one wants to get into someone else's car for a commute now.

The traffic when everyone reverts back from WFH is going to be horrendous.

Some people are going to be offered more WFH or WFH for the first time. My husband is in that situation. This has opened up a new possibility for him and his employer is very much onboard for people to do it.

I hope so because my first thought as all those new cars were whizzing by me was that traffic is going to be absolutely horrible once this is all over.

[Anonymous]

68% of unemployed/furloughed workers are making more on unemployment than they were while employed. let that sink in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can those people who bought used tell me how they did it safely during this time.

I won’t even touch those covid cars. Gross

COVID-19 isn't going to hang around in a vehicle for days and days and days waiting to attack you like a mugger in the backseat.

I recently purchased a used auto because the credit union rate was just barely above inflation. I eventually was going to replace my 17 year old truck, so this seemed like the time to do it. I looked at new since I could get an even better rate, but couldn't find something with the features I wanted. I found something with just over 12,000 miles at CarMax. The seemed to be taking things a bit more seriously than small used dealerships. I assume the corporate culture has an influence.

[Anonymous]

Can you describe the buying process at Carmax

[Anonymous]

Carfax
Can you do all the paperwork online?

[Anonymous]

the interest rates are amazing

[Anonymous]

68% of unemployed/furloughed workers are making more on unemployment than they were while employed. let that sink in.

I don't think they live in the DMV. They live in LCOL areas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can't stand new car payments.

The biggest obstacle to wealth for middle class Americans is wasting money on new cars. Always buy 4+ years old with 60% depreciation baked in. Spending huge amounts of money on a depreciating asset makes no sense. Might as well throw money in the fire.

We pay for our cars in cash and hold onto them until they cost more to fix than they are worth. We order exactly the options we want from the factory. It works for us and we’ve saved a lot of money overall.

We do this to. It only takes a few weeks to 2 months to get exactly what you want. I don't care how they depreciate.

[Anonymous]

I think that a lot of people who only kept one car because they commuted on the metro are getting a second car in anticipation of coming back. For people who had no car, they may be getting one to be able to stock up at the grocery with limited delivery windows and to avoid multiple walking trips.

[Anonymous]

Anonymous wrote:68% of unemployed/furloughed workers are making more on unemployment than they were while employed. let that sink in.

68% of workers are living off of a few hundred dollars a week, year in and year out. Every other developed country is paying all citizens thousands of dollars a month to live and eat during the shutdown. And they don’t have to jump through hoops to get it. Let that sink in.

[Anonymous]

Anonymous wrote:Can those people who bought used tell me how they did it safely during this time.

I'm 5-19-20 16:04. Dealership we went to sanitized each car. The steering wheel had a shower cap type cover on it. We wore masks and latex gloves. Sales person put the keys on the trunk. We retrieved the keys and did our test drive. Returned the keys the same way, staying 6 ft apart.

When we decided on the one we wanted and needed to negotiate, we did so from 6 feet away. For paperwork, they laid it on a table, stepped back, we picked it up, signed it, placed it back, stepped back, etc.