# Is this a good time to buy a new vehicle?

**URL:** <https://boards.straightdope.com/t/is-this-a-good-time-to-buy-a-new-vehicle/851493>\
**Category:** In My Humble Opinion\
**Created:** [April 10, 2020, 10:36am UTC](https://boards.straightdope.com/t/is-this-a-good-time-to-buy-a-new-vehicle/851493 "2020-04-10T10:36:52Z")\
**Posts on this page:** 3\
**Page:** 2

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**Author:** ![Dag\_Otto](https://avatars.discourse-cdn.com/v4/letter/d/439d5e/32.png) [@Dag\_Otto](https://boards.straightdope.com/u/Dag_Otto)\
**Post date:** [April 11, 2020, 2:11pm UTC](https://boards.straightdope.com/t/is-this-a-good-time-to-buy-a-new-vehicle/851493/21 "2020-04-11T14:11:26Z")

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It’s still pretty early, I wouldn’t expect most dealerships to be in a dire situation yet. If this goes on for another month or two, that may change. I wonder, though, if discounts in the 25-30% range are possible on high margin vehicles. In my case, someone will probably buy that GMC at a price over $50k, thinking they have a good deal (and it would be). Factories are shut down, so excess inventory isn’t going to be a pressure to sell cheap.

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**Author:** ![chappachula](https://avatars.discourse-cdn.com/v4/letter/c/d2c977/32.png) [@chappachula](https://boards.straightdope.com/u/chappachula)\
**Post date:** [April 11, 2020, 4:46pm UTC](https://boards.straightdope.com/t/is-this-a-good-time-to-buy-a-new-vehicle/851493/22 "2020-04-11T16:46:07Z")

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> [@Icerigger](#):
>
> Most state DMV’s are closed, no title work, no new cars.

also check if your insurance company is working.

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**Author:** ![Icerigger](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/icerigger/32/432_2.png) [@Icerigger](https://boards.straightdope.com/u/Icerigger)\
**Post date:** [April 11, 2020, 4:57pm UTC](https://boards.straightdope.com/t/is-this-a-good-time-to-buy-a-new-vehicle/851493/23 "2020-04-11T16:57:57Z")

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Also, banks and credit unions. If a car is financed the bank must place it’s lien on the title, with a lot of dmv’s closed I doubt a bank would issue a loan under those circumstances.

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