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When is it a good time to buy and how much should I pay?

johnnyli730johnnyli730 Posts: 24
edited May 24 in General
I'm considering financing a used car, due to this recent pandemic and speculation of a recession/depression, I might take advantage of the offers & deals to come (if any). My question is when is a good time to pull the trigger, what kind of offers & deals would there be, and how much can I negotiate off the asking price. I'm looking at CPO 2017 Jaguar F-pace S models, and on their website, the cheapest one is $39k for 22k miles.



Comments

  • MichaellMichaell ColoradoPosts: 165,453

    I'm considering financing a used car, due to this recent pandemic and speculation of a recession/depression, I might take advantage of the offers & deals to come (if any). My question is when is a good time to pull the trigger, what kind of offers & deals would there be, and how much can I negotiate off the asking price. I'm looking at CPO 2017 Jaguar F-pace S models, and on their website, the cheapest one is $39k for 22k miles.

    Deals aren't as good as you might think, at the moment. Inventory is tight, and pricing information is all over the map, as auctions were shut down.

    Given you are looking for a specific model and trim, you might consider a nationwide search.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • johnnyli730johnnyli730 Posts: 24
    Michaell said:

    I'm considering financing a used car, due to this recent pandemic and speculation of a recession/depression, I might take advantage of the offers & deals to come (if any). My question is when is a good time to pull the trigger, what kind of offers & deals would there be, and how much can I negotiate off the asking price. I'm looking at CPO 2017 Jaguar F-pace S models, and on their website, the cheapest one is $39k for 22k miles.

    Deals aren't as good as you might think, at the moment. Inventory is tight, and pricing information is all over the map, as auctions were shut down.

    Given you are looking for a specific model and trim, you might consider a nationwide search.
    Your right, it doesn't seem like many dealers are dropping their prices right now. But do you think they will eventually in the near future?

    Also, on a regular day how much would you be able to negotiate off the asking price of a used car?
  • MichaellMichaell ColoradoPosts: 165,453

    Michaell said:

    I'm considering financing a used car, due to this recent pandemic and speculation of a recession/depression, I might take advantage of the offers & deals to come (if any). My question is when is a good time to pull the trigger, what kind of offers & deals would there be, and how much can I negotiate off the asking price. I'm looking at CPO 2017 Jaguar F-pace S models, and on their website, the cheapest one is $39k for 22k miles.

    Deals aren't as good as you might think, at the moment. Inventory is tight, and pricing information is all over the map, as auctions were shut down.

    Given you are looking for a specific model and trim, you might consider a nationwide search.
    Your right, it doesn't seem like many dealers are dropping their prices right now. But do you think they will eventually in the near future?

    Also, on a regular day how much would you be able to negotiate off the asking price of a used car?
    Sorry, my crystal ball is cloudy at the moment.

    Negotiating used car prices is dependent on many factors, most of which are unknown. Just do your price research (Edmunds, KBB and other sites can provide guidelines on prices), and go in with an offer that makes sense to you.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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