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Deals on cars are 'once in a lifetime' amid pandemic, experts say

Although retail stores are currently suffering due to the pandemic, experts say consumers should act now if they have been waiting to buy a specific item because prices have never been better.

Posted: May 12, 2020 10:02 PM

EUGENE, Ore. -- Although retail stores are currently suffering due to the pandemic, experts say consumers should act now if they have been waiting to buy a specific item because prices have never been better.

"The incentives out there are rather incredible, once in a life time definitely describes some of those deals that are being offered," said Ivan Drury, an auto sales expert from Edmunds.com. 

Those incentives come in all forms -- some include great online sales. Macy's is offering an additional 25% clearance, Ulta is offering 20% off a single item, and J.Crew Factory is offering an additional 60% off in their sale. 

"If you look at J.Crew I find that interesting. They just filed for bankruptcy, not that they're going to be shutting down but rather restructuring debt, and you see some pretty significant discounts with them as well," said Todd Montgomery, business expert at Oregon State University. 

However, experts say even when stores do open again, shoppers might not want to go into physical locations -- either because of lingering fears of infection or as a result of the economic impacts of the pandemic.

Drury said some auto dealerships are utilizing online shopping and delivering cars straight to customers' houses to test drive and then letting them fill out the paperwork to buy the car online. 

"0% APR for 84 months, deferred payments for three months, on top of they make payments for you for three months, so if you're in the right position I would say now is definitely the right time to start shopping," Drury said. 

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