03-20-2020, 09:29 AM | #23 |
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Can't speak for the OP but some lines of manufacturing, trucking, utilities, bio-medical, and of course public safety sectors are all going full steam ahead.
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03-20-2020, 11:00 AM | #24 |
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It's critical power industry. We support most Fortune 500 companies, hospitals, data centers, government facilities, pharmaceutical companies etc. I manage the accounts and our engineers etc
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03-22-2020, 01:25 AM | #25 | |||
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03-22-2020, 09:20 AM | #26 |
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This thread strikes chord with me as I'm currently agonising over whether or not to cancel the order for my M340i Touring. The car is built and in the UK and, providing we don't enter a lockdown situation, will probably be delivered before the end of the month. However, due to the effects of coronavirus my pension fund has dropped by over 20% in the last few weeks and hence what looked like a nice retirement present at the time of order now feels like a bit of an extravagance; I'm sure the markets will recover in time but it doesn't feel like that's going to happen anytime soon.
If I cancel now I'll obviously lose my £1k deposit but I reckon discounts and finance rates are likely to be better once production restarts so I think I'd probably be able to recover that £1k via a better deal if I cancelled and reordered. Also, if we go into lockdown - which feels more like when rather than if - my new car would just be expensive garage ornament for a few weeks (or months!) and hence I wouldn't be losing much by not having it available to drive. My thoughts on what to do change by the day (sometimes several times during the day!) but at the moment I'm leaning towards keeping hold of my money for the time being and reordering at a later date as and when things improve. In many ways I don't want to cancel as the car's a great spec and I've been really looking forward to getting it; however, with everything else going on at the moment it seems an irrelevance (which if I'm honest would also take a bit of the shine off getting it). |
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03-22-2020, 11:55 AM | #27 | |
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It is very hard as I can also foresee a situation where that money could have been usefully spent on something else or saved for a rainy day, but then that was also true before the current situation as well so I'm not sure that's enough justification to cancel. The only difference now is that I am more inclined to stick with the PCP deal rather than withdrawing and paying cash. Kind of hedging my bets a little and just swallowing the additional interest costs in return for liquidity. My business is not directly impacted by the lockdowns etc and in fact tends to be resilient in recession but that doesn't mean that companies we do business with won't struggle or go under which will have a knock on effect. I'm sure tomorrow I will have a different view again! |
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03-22-2020, 01:39 PM | #28 |
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Lease negotiating amid COVID-19
I ordered an m340 which is on a ship on the way to my dealer in California. They said in the event of better lease incentives available I would be able to match that. I am on the fence of even wanting the car because of what's going on in the world right now.
Does anyone with leasing experience know how I can go out lowering my lease payment further? |
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03-22-2020, 02:30 PM | #29 |
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I ordered my car around the 8th of February and it was scheduled to be here in the U.K. around the middle to end of April but it now has been delayed to mid to end of June which is a real shame as I don't have a car right now. Kinda hoped I waited so I maybe could have gotten a cheaper leasing deal.
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03-22-2020, 02:48 PM | #30 | |
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03-22-2020, 02:50 PM | #31 | |
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03-23-2020, 08:48 AM | #32 |
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Are non-refundable down payments a typical thing for most? The first BMW i ordered asked for a $500 deposit which was refundable, and they never even charged. When i put my m340 order in, i went through a broker and he never even mentioned a deposit. We discussed it via phone/text and he submitted my order. I could walk away at any time.
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03-23-2020, 10:53 AM | #33 | |
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03-23-2020, 11:34 AM | #34 | ||
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My car is due to arrive next week but I am not sure if I should go through with it with the way the government is shutting down the economy. |
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03-23-2020, 12:02 PM | #35 |
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If you paid your deposit with a credit card and your dealer is telling you it's non-refundable, just do a chargeback. Obviously this isn't something you want to do, but only you can look out for you in times like this. And at the end of the day it isn't like you won't be able to get a car from somewhere else after all of this (if you burn a bridge with your current dealership).
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03-23-2020, 05:01 PM | #37 |
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At least they are still doing them....I read on another post that they canceled PCD.
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