economy and camaro purchase
10-06-2008, 03:48 PM
#5
Registered User
Join Date: Sep 2007
Location: Detroit , MI
Posts: 188
I think everyone is jumping the gun here. We will not know how this bail out or the financial markets will do. Only time will tell. I can possibly save up enough money to pay for the Camaro by cash, but it’s no way I cashing out that much money on a vehicle especially in these times.
10-06-2008, 03:55 PM
#6
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Join Date: Sep 2007
Location: Buffalo,NY 'burbs
Posts: 361
I think everyone is jumping the gun here. We will not know how this bail out or the financial markets will do. Only time will tell. I can possibly save up enough money to pay for the Camaro by cash, but it’s no way I cashing out that much money on a vehicle especially in these times.
Big difference worrying about paying/financing 28k and 38k... Hopefully they'll have their .... together by Friday for the IDL or at worst, Monday when ordering begins. I can't believe that I will be able to go order one on Monday without having any costs; that just shouldn't happen in today's world. Do I rule it out? No.
10-06-2008, 04:02 PM
#7
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Join Date: Dec 2000
Location: Arlington, Texas
Posts: 2,576
Not to rant here, but what's w/ all the gloom and doom posts in this section lately? If you want talk about the economy, post it in the lounge. It doesn't take a degree in finance to know that EVERYTHING bought or sold is affected in times of economic downturns. Lets try to keep this section for Camaro news.
10-06-2008, 04:56 PM
#8
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Join Date: May 2001
Posts: 1,023
Not to rant here, but what's w/ all the gloom and doom posts in this section lately? If you want talk about the economy, post it in the lounge. It doesn't take a degree in finance to know that EVERYTHING bought or sold is affected in times of economic downturns. Lets try to keep this section for Camaro news.
If leases aren't an option...
And if car loans require 10-20% down...
And seeing how the Camaro isn't a kind of car that gets replaced out of necessity (i.e. not a minivan/family sedan)...
...Then that leaves the well-qualified, the cash-payers, and nobody else to snap up these beautiful cars.
A second concern looming on the horizon is--will GM even be around to uphold the warranties on these cars in 3 years?
This is a very critical time, and I sure hope someone is planning for the potential outcomes of these questions.
10-06-2008, 08:01 PM
#10
Registered User
Join Date: Mar 2001
Location: The Golden State
Posts: 13,711
Economy doesn't have a bearing on Camaro sales.
Camaro's best year (1979) we had double digit inflation and double digit unemployment as well as a 2nd fuel shortage. The worst fuel crisis we ever had (late 73 to mid '74) happened during the 1974 model year... one of the years Pontiac's Trans Am doubled it's sales over the previous year.
Camaro's best year (1979) we had double digit inflation and double digit unemployment as well as a 2nd fuel shortage. The worst fuel crisis we ever had (late 73 to mid '74) happened during the 1974 model year... one of the years Pontiac's Trans Am doubled it's sales over the previous year.
10-06-2008, 08:47 PM
#11
Registered User
Join Date: Apr 2007
Location: Lansing, MI
Posts: 142
Economy doesn't have a bearing on Camaro sales.
Camaro's best year (1979) we had double digit inflation and double digit unemployment as well as a 2nd fuel shortage. The worst fuel crisis we ever had (late 73 to mid '74) happened during the 1974 model year... one of the years Pontiac's Trans Am doubled it's sales over the previous year.
Camaro's best year (1979) we had double digit inflation and double digit unemployment as well as a 2nd fuel shortage. The worst fuel crisis we ever had (late 73 to mid '74) happened during the 1974 model year... one of the years Pontiac's Trans Am doubled it's sales over the previous year.
10-06-2008, 08:50 PM
#12
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Join Date: Jan 2008
Location: Filthydelphia, PA
Posts: 204
10-06-2008, 10:20 PM
#13
Registered User
Join Date: Apr 2007
Location: Macomb, MI
Posts: 259
I'm a cash buyer with a price guaranteed at MSRP, but I don't think this economy is going to support MSRP or above on this car for long. I'm going to cancel my deposit and wait until employee pricing is available on it to purchase mine. HUD should be available by then anyway.
I had already cancelled my deposit on the convertible and switched down to the coupe after they announced the additional 7 month delay on the convertible.
I had already cancelled my deposit on the convertible and switched down to the coupe after they announced the additional 7 month delay on the convertible.
10-07-2008, 07:49 AM
#14
Registered User
Join Date: Feb 2002
Location: Confederate States of America
Posts: 1,049
Economy doesn't have a bearing on Camaro sales.
Camaro's best year (1979) we had double digit inflation and double digit unemployment as well as a 2nd fuel shortage. The worst fuel crisis we ever had (late 73 to mid '74) happened during the 1974 model year... one of the years Pontiac's Trans Am doubled it's sales over the previous year.
Camaro's best year (1979) we had double digit inflation and double digit unemployment as well as a 2nd fuel shortage. The worst fuel crisis we ever had (late 73 to mid '74) happened during the 1974 model year... one of the years Pontiac's Trans Am doubled it's sales over the previous year.
