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Old 03-22-2020, 12:56 PM
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Default Coronavirus & HP Pricing

Hello all! I'm in the market for a HP (woohoo!) and have found several 2018 HP models meeting my criteria. Most of the ones I found are loaded and low mileage priced around the $270k mark. Given the current economic situation and crisis figured dealers would be motivated to push them but all of the dealers with nice condition HPs flat out refused negotiating on price. In fact, they pretty much said they'd rather ride out the recession and let them sit until a buyer shows up. I always thought dealers would be willing to negotiate.

Any thoughts and recommendations?

Related question - Is it even worth dropping $270k ATM or better to just wait for the new STS model?

Cheers!
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Old 03-22-2020, 01:11 PM
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Quote:
Originally Posted by bay_area View Post
Hello all! I'm in the market for a HP (woohoo!) and have found several 2018 HP models meeting my criteria. Most of the ones I found are loaded and low mileage priced around the $270k mark. Given the current economic situation and crisis figured dealers would be motivated to push them but all of the dealers with nice condition HPs flat out refused negotiating on price. In fact, they pretty much said they'd rather ride out the recession and let them sit until a buyer shows up. I always thought dealers would be willing to negotiate.

Any thoughts and recommendations?

Related question - Is it even worth dropping $270k ATM or better to just wait for the new STS model?

Cheers!

Dealers are not feeling it yet. I would wait 2-3 months and see what happens. Time will tell.


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Old 03-22-2020, 01:17 PM
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Circle back in July-August. Those $270K Perfs will be low 200ís as leveraged owners will have to liquidate to cover margin calls or pump personal savings into their business to stay afloat.

Sad but true.
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Old 03-22-2020, 01:44 PM
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Maybe I need to unload my 580-2 now before it crashes to 100k. Or maybe it already is at wholesale. No one saw this coming down this bad just few weeks ago, likewise, no ones knows what a future beholds in 3 months or beyond.

Last edited by uturn2hell; 03-22-2020 at 01:49 PM.
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Old 03-22-2020, 01:56 PM
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Yep, wait a bit. It's happening.

https://www.tampabay.com/news/busine...g-for-fallout/
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Old 03-22-2020, 02:06 PM
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Thanks guys. I agree. Technically speaking the last thing on a consumer's mind would be a super luxury car purchase with a recession around the corner. I've been tracking finance rates as well for used auto loans. So far they haven't decreased but I anticipate they will as the economy drops. Appreciate the responses!

Last edited by bay_area; 03-22-2020 at 02:09 PM.
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Old 03-22-2020, 02:16 PM
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Im also in the market. I was pulling the trigger on a 2018 Aventador s last week but when they announced the shut downs I decided to hold off. Sit tight we’re going to be Able to buy these for a fraction of the price in the coming weeks/months. Worst case we cant ether way we have nothing to lose.
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Old 03-22-2020, 02:46 PM
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Too soon to be looking for deals. Not only are dealers riding this out but there's a lot of people riding this out to see how things play out in the coming weeks. You might have a private seller who's desperate to sell but haven't see any virus fire sales as of yet.

For all we know we could have a V shaped recovery and instead of prices plunging, prices might hold steady or slightly go up. Remember, Lamborghini factory could be shutdown until end of April so existing orders will be delayed for months so imagine new orders. I bet dealers won't be taking new orders until current orders are fulfilled which could mean more demand for cars and less supply.
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Old 03-22-2020, 03:30 PM
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Quote:
Originally Posted by Huracaan View Post
I bet dealers won't be taking new orders until current orders are fulfilled which could mean more demand for cars and less supply.
I doubt that.

If they can get their hands on a down payment, they wil ltake it ... regardless if it takes 6 months or 2 years to fullfill the order.
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Old 03-22-2020, 04:24 PM
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Leon, is your delivery still on schedule? Or can you even find out.
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