COVID-19 & C8 price
- Thread starter ian1975
- Start date
- Apr 20, 2013
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Quite the contrary. Demand is still high. This is Niche market with lots of buyers desperate to get one. Most C8's are selling for 10 to 30k above msrp. If you are super lucky, you will find a dealer that will sell you one for straight msrp.
- Apr 20, 2013
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Dealer told me no leasing yet, finance depends on credit. Mine was 7%
- Jan 11, 2009
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As above, supply is short/non existent so prices definitely will not be discounted. Now if we go into some sort of depression as opposed to the recession that we're in, things may change later on in the year but for now there is no hope of a fire sale. I won't mention the possibility that supply may itself be reduced intentionally or unintentionally by way of production restrictions which would continue to keep the prices high.
redundant conversation for several months...NO 2020s for sale in Canada at dealers...no more 2020s being built..ask again in 6-8 mths...we are heading into a DEPRESSION in North America...not great time to buy a C8 for 20k over MSRP...buy Gold LOL
The reality of the economics are mind boggling..in the USA it is going to be far far worse than the financial collapse..Economists expecting recovery of several years or longer...so many more levels to it ...in Canada our federal debt was $789 Billion March 2019...we just spent $300 billion in the last 2 weeks making our debt now over $1 Trillion! By March 2021 easily $1.5 trillion. Throw in Alberta oil verging on negative pricing...an estimated 1/3 of small business WILL NOT REOPEN...Bread will be more valuable than C8s and other toys in 12 mths...
The reality of the economics are mind boggling..in the USA it is going to be far far worse than the financial collapse..Economists expecting recovery of several years or longer...so many more levels to it ...in Canada our federal debt was $789 Billion March 2019...we just spent $300 billion in the last 2 weeks making our debt now over $1 Trillion! By March 2021 easily $1.5 trillion. Throw in Alberta oil verging on negative pricing...an estimated 1/3 of small business WILL NOT REOPEN...Bread will be more valuable than C8s and other toys in 12 mths...
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- Thread starter
- #6
Thanks to all,
Actually in Quebec, we have the most cases of COVID-19 in Canada and the rate of unemployment is one of the highest in Canada...The dealer told me that a few customers that put a deposit on the C8 last year have back out on the order and I think that people won't spend on non-essential needs or toys during this time of economy.
Ian
Actually in Quebec, we have the most cases of COVID-19 in Canada and the rate of unemployment is one of the highest in Canada...The dealer told me that a few customers that put a deposit on the C8 last year have back out on the order and I think that people won't spend on non-essential needs or toys during this time of economy.
Ian
- Mar 27, 2019
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I am going to check how long a drive it is from my place to the Thunderdome, just in case.
CamsC8
Power User
- Feb 16, 2020
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The only thing positive for the C8 is that not many have been produced (less than 2700) and Canada received a fraction of that.
- Aug 20, 2014
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Given the potential debt, I shudder to think what the government is going to do with taxes once Covid 19 is under control and people start reassembling their lives. There will be so many relying on government assistance and the ones working will be paying for that assistance and for the debt. IMO, difficult times ahead.
- Dec 31, 2019
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You bet!!!!! Many fail to realize this is not free money the government is handing out. This has to be paid back and it's going to take some time to do it. Difficult times ahead for sure.
- Mar 27, 2019
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Interesting question regarding future taxes. My opinion only is that there will be only modest increases in personal income tax.
The big increases will be in government user fees. Fines on a variety of things will increase significantly, passport fees, PAL’s, etc will double and triple. Wouldn’t be surprised to see GST increase to 6 or 7%. Every service provided by the fed/provincial government will see increased fees. I would also suggest we will see a pst and even our 4 lane highway system become toll roads.
The big increases will be in government user fees. Fines on a variety of things will increase significantly, passport fees, PAL’s, etc will double and triple. Wouldn’t be surprised to see GST increase to 6 or 7%. Every service provided by the fed/provincial government will see increased fees. I would also suggest we will see a pst and even our 4 lane highway system become toll roads.
- Jun 26, 2014
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I am pretty certain taxes and fees are going up to some extent. There will be new fees and anything else the government can think of to rein in all this new money that has magically appeared out of thin air. My biggest concern is all of this money in the marketplace is going to drive inflation through the proverbial roof. I can see interest rates returning to the levels not seen since the 80s and possibly wage and price controls of the 70s eventually raring its ugly head again.
- Aug 20, 2014
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Federal, provincial and municipal governments will all be struggling to find money. What can go up will go up. I expect new taxes, new user fees. and likely a reduction in some services. Covid 19 has resulted in a huge strain on our universal health care, (which by the way is not free, as some would think it is) and effected every aspect of the global economy. The cost on lives and livelihood will not be fully felt for some time. Not trying to be pessimistic but reality speaks for itself. Too many people still not getting the message of isolating and distancing, putting everyone and everything we hold dear in jeopardy.
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- Aug 15, 2018
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The Bank Of Canada has cranked up the printing press and is injecting billions of new money into the economy. Helpful in the short term but inflationary in the longer scheme of our national financial health. However if all governments take a similar approach it may be a wash. Time will tell but we sure need the stimulus now and we need it big. This is a problem we have not seen before, at least to this degree, and we need innovative solutions to protect Canadians and the next generation. Please stay safe and protect your loved ones.
- Mar 27, 2019
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It doesn’t put everyone we hold dear at risk. Clearly, the Corona virus puts certain vulnerable groups at risk. Protect the vulnerable groups strategically. It also, and may vary province to province, has not put additional strain on health care systems. In fact a report that came across my desk that indicated that Alberta hospitals are operating at around 75 to 80% occupancy. All elective surgeries have been cancelled. Typically occupancy, as flu season winds up, is around 90 to 95%. As of today here are the Alberta stats of Covid-19 fatalities:
Virus has killed 44 Albertans:
* 29 were 80 years & older
* 6 were 70-79
* 6 were 60-69
* 1 was 50 to 59
* 1 was 30 to 39
* 1 was 20 to 29
22 of these tragic passings were from Seniors lodges.
A little perspective is in order with less hyperbole.
- Aug 30, 2014
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Personally I would rather the hyperbole than not. We have enough non-believers, it won't happen to me, and conspiracy theories out there already. If overstatement hopefully makes a small percentage of those who are ignoring this virus think twice and start taking more care, It's worth it if we're going to clean this mess up sooner rather than later.
And I can't speak for other hospitals but Red Deer three weeks ago sent 170 patients home to free up beds. Recently, they totally emptied their entire psychiatric ward and sent the ones that couldn't go home to Ponoka psych hospital. Add on the number of hospital staff that sick and/or are in isolation may very well also contribute to why hospital occupancy numbers are down. So no....additional hospital strain may or may not be realized at the moment, but that could change quickly and kudos for preparing the hospitals for the chance it may. JMO
- Aug 20, 2014
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Different in Ontario. And everyone is at risk. Fatalities have occurred in infants and children. The vulnerable have a higher risk, elderly or those with immunity impaired illnesses for example. Good reason to close schools to protect kids, staff and their families. I don't think I'm exaggerating given the current situation and what I have heard from doctors and others closer to the front lines. Everyone has a different perspective. Hoping for the best.
- Aug 30, 2014
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Here's the Ontario demographic breakdown of deaths. Quite different than Alberta as this shows 60.3% of deaths all under the age of 60. This is likely more representative of what could be.
| Demographics | ||
|---|---|---|
| Male | 3,318 | 44.4 |
| Female | 4,109 | 55.0 |
| 19 and under | 175 | 2.3 |
| 20-39 | 1,817 | 24.3 |
| 40-59 | 2,521 | 33.7 |
| 60-79 | 1,797 | 24.1 |
| 80 and over | 1,154 | 15.4 |
- Mar 27, 2019
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I will bow out of any further Covid-19 discussions but I will say good public policy is built on real data.
- Aug 30, 2014
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No need to bow out Al. I for one always am always interested in yours and others sane and objective perspectives. Discussion and differing opinions gives us food for thought which is extremely valuable to maintaining our sanity lately. And I totally agree that real data is paramount to public policy, and also agree that real data, especially from news sources is suspect at best, but often, it's all we have to go on...