Has the slump in the economy influenced your car purchase decision?

Path_Finder · 11th October 2008, 14:40

I think the popular GTO thread on retaining 5 year old car has had a big effect on the t-bhp community!! As for me, I changed my car 2 months back since the lease on my earlier car expired and for tax reasons it made sense to get a new one rather than keep the same.

nawabnabeel · 11th October 2008, 16:19

i will be busying a car soon as i think there will be huge discounts due to the lack of sales

marlinspike · 12th October 2008, 08:50

I'm still buying a car in Nov-Dec, but nor sure if I would end up with a more economical one yet.

Screwdriva · 12th October 2008, 10:31

I bought a 12 year old Benz. It drives like new. Feels new. And is pretty much immune to the economic condition of the country (Demand for W124's, Parsi maintained, still surprises me - I get offers for 5-6 lacs on the road while driving)

I think I'll keep this car for as long as fate lets me. Economies will fall, rise, but my Benz will get me where I'm going with class

DocG · 12th October 2008, 19:59

I voted for Option 4.

I don't consider any cars that break the bank, so anything around 20 lakhs or less is not too big a deal no matter what the economy is like...However my dad's sports coupe plans are definately on hold...So I guess it all comes around to need...

rejeen · 12th October 2008, 21:04

Planned to buy a Sedan, Now changed my mind mostly due to unstable economy

and might soon end up with a pre-owned Hatchback.

JRD · 13th October 2008, 09:11

I voted for option 2, because the fact is prices of all commodities will fall by early 09. aka: bad economy and crashing stock market here as well as in the US. I'll wait for a good deal and then go for an economic option i.e an efficient car and not a small car. I keep hearing diesel diesel

appuchan · 13th October 2008, 09:48

I had planned to utilize my stock portfolio to buy me a bigger sedan (Corolla/Civic category) by this year end. Now I cannot even buy a fully loaded i10 with the amount!

With the depth of current economic problems, I don't think its temporary or even short term. The slowdown may last at least till end of next year.

hondadude · 13th October 2008, 09:53

Slump in economy won't impact my purchase decision so Option 4 for me.

ntomer · 13th October 2008, 10:20

I had been waiting for Toyota Altis for long, to replace my 3 year old Getz. But due to the ongoing recession, I've dropped my plan and am now going for MBA instead.

\N

DCEite · 13th October 2008, 11:06

Thanks to GTO and economic slowdown, i have decided to use my 4.5 yr old WR for another 5 years atleast.

Thad E Ginathom · 13th October 2008, 11:19

Quote:

Originally Posted by appuchan

...

With the depth of current economic problems, I don't think its temporary or even short term. The slowdown may last at least till end of next year.

offtopic but... end of next year? How do repair a burst bubble. This may last a lifetime.

navin · 13th October 2008, 11:32

Quote:

Originally Posted by Sam Kapasi

Option 2: Despite knowing the state of affairs, you still intend to buy a car in the next 3 months. For whatever reason, possibly the slump does not affect your income etc. This question can be answered, even if you intend to buy a second car for your home.

Option 4: This change in economy makes no difference to your plan to buy a car or not.

[list]

aint's 2 and 4 similar.

TheHorse · 13th October 2008, 11:39

as such it makes no diff to me if economy is bad, what matters to me is road condition and traffic congestion :( plus have been waiting for couple of launches ( G3 City and Linea)
How are you supposed to enjoy your new sedan if it takes 1 hr to cover just 10-12 kms. really pathetic

NetfreakBombay · 13th October 2008, 12:26

This slowdown has made me slow down spending in quite a few areas. Following things are on hold:

1. Car PC
2. 3 months sabbatical for writing open source navigation

Have tighten spending. Work in IT, have been through such times in 2001. Nothing to worry so far for IT, but still cautious.

View Poll Results: This is what the economy did to my decision
I bought a car recently (3 months)	41	17.30%
I am going to buy a car in the near future (3 months)	37	15.61%
I have decided not to buy a car for now	92	38.82%
It makes no difference to me	48	20.25%
I will now buy a more economic car.	19	8.02%
Voters: 237. You may not vote on this poll

11th October 2008, 14:40	#31
Path_Finder BHPian Join Date: Jul 2008 Location: Bangalore Posts: 622 Thanked: 6 Times View My Garage	I think the popular GTO thread on retaining 5 year old car has had a big effect on the t-bhp community!! As for me, I changed my car 2 months back since the lease on my earlier car expired and for tax reasons it made sense to get a new one rather than keep the same.
	() Thanks

11th October 2008, 16:19	#32
nawabnabeel BHPian Join Date: Jun 2007 Location: mumbai Posts: 200 Thanked: 37 Times View My Garage	i will be busying a car soon as i think there will be huge discounts due to the lack of sales
	() Thanks

12th October 2008, 08:50	#33
marlinspike BHPian Join Date: Sep 2008 Location: Bangalore Posts: 193 Thanked: 3 Times	I'm still buying a car in Nov-Dec, but nor sure if I would end up with a more economical one yet.
	() Thanks

12th October 2008, 10:31	#34
Screwdriva BHPian Join Date: Apr 2008 Location: London/ Bombay Posts: 582 Thanked: 527 Times View My Garage	Out of the box? I bought a 12 year old Benz. It drives like new. Feels new. And is pretty much immune to the economic condition of the country (Demand for W124's, Parsi maintained, still surprises me - I get offers for 5-6 lacs on the road while driving) I think I'll keep this car for as long as fate lets me. Economies will fall, rise, but my Benz will get me where I'm going with class
	(1) Thanks

12th October 2008, 19:59	#35
DocG BHPian Join Date: Nov 2007 Location: Mumbai - Singapore - Cali - Sydney - S.Korea Posts: 870 Thanked: 11 Times View My Garage	I voted for Option 4. I don't consider any cars that break the bank, so anything around 20 lakhs or less is not too big a deal no matter what the economy is like...However my dad's sports coupe plans are definately on hold...So I guess it all comes around to need...
	() Thanks

12th October 2008, 21:04	#36
rejeen BHPian Join Date: Jan 2008 Location: Bangalore Posts: 154 Thanked: 140 Times	Planned to buy a Sedan, Now changed my mind mostly due to unstable economy and might soon end up with a pre-owned Hatchback.
	() Thanks

13th October 2008, 09:11	#37
JRD BHPian Join Date: Nov 2006 Location: Turin/Ahmedabad Posts: 372 Thanked: 15 Times View My Garage	I voted for option 2, because the fact is prices of all commodities will fall by early 09. aka: bad economy and crashing stock market here as well as in the US. I'll wait for a good deal and then go for an economic option i.e an efficient car and not a small car. I keep hearing diesel diesel
	() Thanks

13th October 2008, 09:48	#38
appuchan BHPian Join Date: Jan 2006 Location: Bangy Posts: 642 Thanked: 27 Times	I had planned to utilize my stock portfolio to buy me a bigger sedan (Corolla/Civic category) by this year end. Now I cannot even buy a fully loaded i10 with the amount! With the depth of current economic problems, I don't think its temporary or even short term. The slowdown may last at least till end of next year.
	() Thanks

13th October 2008, 09:53	#39
hondadude Senior - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 1,044 Thanked: 69 Times	Slump in economy won't impact my purchase decision so Option 4 for me.
	() Thanks

13th October 2008, 10:20	#40
ntomer BHPian Join Date: Jun 2005 Location: New Delhi Posts: 643 Thanked: 133 Times	I had been waiting for Toyota Altis for long, to replace my 3 year old Getz. But due to the ongoing recession, I've dropped my plan and am now going for MBA instead. \N
	() Thanks

13th October 2008, 11:06	#41
DCEite Senior - BHPian Join Date: Sep 2004 Location: NCR Posts: 3,415 Thanked: 2,532 Times	Thanks to GTO and economic slowdown, i have decided to use my 4.5 yr old WR for another 5 years atleast.
	() Thanks

13th October 2008, 11:39	#44
TheHorse BHPian Join Date: Sep 2008 Location: Bengaluru Posts: 131 Thanked: 11 Times	as such it makes no diff to me if economy is bad, what matters to me is road condition and traffic congestion :( plus have been waiting for couple of launches ( G3 City and Linea) How are you supposed to enjoy your new sedan if it takes 1 hr to cover just 10-12 kms. really pathetic
	() Thanks

13th October 2008, 12:26	#45
NetfreakBombay Senior - BHPian Join Date: Jan 2008 Location: Bombay Posts: 1,466 Thanked: 1,021 Times	This slowdown has made me slow down spending in quite a few areas. Following things are on hold: 1. Car PC 2. 3 months sabbatical for writing open source navigation Have tighten spending. Work in IT, have been through such times in 2001. Nothing to worry so far for IT, but still cautious.
	() Thanks