My people considering the economic forecast of a recession after the covid 19 pandemic . Is now the best time to buy a car or wait till the pandemic is over?

Wait for some weeks after the pandemic... People will be broke and need money for bills

people today are desperate to buy food etc...so it is indeed the right time to buy anything for cheap.

Try to survive the Pandemic before looking to cash on people's misfortune


Or should we start bidding for your property or should we wait until Covid19 claims you


If you don't want to be unfortunate, better buy what you wanna buy without waiting to benefit from people's misfortune....

MrBrownJay1:
people today are desperate to buy food etc...so it is indeed the right time to buy a anything for cheap.

You are right.

oluyink9:
My people considering the economic forecast of a recession after the covid 19 pandemic . Is now the best time to buy a car or wait till the pandemic is over?

Please buy now, after the pandemic vehicles will be very expensive because of dollars exchange. Remember CBN official exchange rate has increased from N306 to N360 and that is the rate custom will use in calculating duties

I have couples of vehicle in Lagos port and also bought some in US this past week. It may interest you to know that I bought the vehicles at the rate of N410/$ and custom duties has also increased by about 10%.

oluyink9:
My people considering the economic forecast of a recession after the covid 19 pandemic . Is now the best time to buy a car or wait till the pandemic is over?

buy now,cos there'll be fewer ppl hustling for cars now with the pandemic and shii,so cars will be significantly cheaper.
Same shii happens in d peak of d Christmas season and early January cos the holidays plus the snow and cold that period doesn't allow hustlers come out to buy cars.

Respect yourself
Car that you can't drive now if you buy it....
So keep your money don't go and buy corona virus infected car....

After the whole thing cars go cheap ...

davillian:
Respect yourself
Car that you can't drive now if you buy it....
So keep your money don't go and buy corona virus infected car....

After the whole thing cars go cheap ...

Thanks for your input...after the whole tin demand will likely go up likewise price...

oluyink9:
My people considering the economic forecast of a recession after the covid 19 pandemic . Is now the best time to buy a car or wait till the pandemic is over?

During this period is the time to buy but u need to be sure u have enough money to cater for ursef.
I saw an offer for a truck and am like, make we survive first thereafter we can think of that.
Do you know job loss is imminent? Salary may be cut by half or not paid at all, if u don't buy now the price will increase( exchange rate), This and many more u should consider.

Na you hold the yam, knife, pot, and stove. Choose as u please

If your income is secure, now is the perfect time to buy.

If you're a business man, or have a job with iffy job security, don't. Hold the cash. We're about to head into a pretty massive global recession.

Fogman:


Please buy now, after the pandemic vehicles will be very expensive because of dollars exchange. Remember CBN official exchange rate has increased from N306 to N360 and that is the rate custom will use in calculating duties

I have couples of vehicle in Lagos port and also bought some in US this past week. It may interest you to know that I bought the vehicles at the rate of N410/$ and custom duties has also increased by about 10%.

So after clearing at N360 don't you think that things can change and you don't make profit?

duality:


So after clearing at N360 don't you think that things can change and you don't make profit?

N360 is now official CBN rate and can't change in the nearest future with this present pandemic and global recession looming. No business man will want to sell below his cost price.

oluyink9:


Thanks for your input...after the whole tin demand will likely go up likewise price...

Demand of cars won't be high
Those with money would have spent it
those selling would be broke and willing to sell

seunoj:


During this period is the time to buy but u need to be sure u have enough money to cater for ursef.
I saw an offer for a truck and am like, make we survive first thereafter we can think of that.
Do you know job loss is imminent? Salary may be cut by half or not paid at all, if u don't buy now the price will increase( exchange rate), This and many more u should consider.

Na you hold the yam, knife, pot, and stove. Choose as u please

Pls share with us the truck offer

Fogman:


Please buy now, after the pandemic vehicles will be very expensive because of dollars exchange. Remember CBN official exchange rate has increased from N306 to N360 and that is the rate custom will use in calculating duties

I have couples of vehicle in Lagos port and also bought some in US this past week. It may interest you to know that I bought the vehicles at the rate of N410/$ and custom duties has also increased by about 10%.

410!!!?
Una go finish us after this pandemic. W go be car-vid 20

revilomichaels:

410!!!?
Una go finish us after this pandemic. W go be car-vid 20

Baba na Covid-19 cause am! Dollars as at yesterday was N450 and custom duty has increased drastically. God go help us o

oluyink9:
My people considering the economic forecast of a recession after the covid 19 pandemic . Is now the best time to buy a car or wait till the pandemic is over?

Better to but now especially if it's tokunbo you want to purchase. Naira is predicted to keep falling due to our very weak economy.