Since OP is concerned about possibly losing his job, I assume he is not real flush in cash. He would never had posted this question if he was liquid enough to go without a job for a while. The right decision for OP depends on his personality. If he is an entrepreneur then he should buy now. If he is a rule oriented, conservative, logical person, then he probably should wait. For example, our firm represented many 100 million net real estate developers before and after the real estate crash. They went from extremely wealthy to fighting off bank creditors over night. My partners and I were amazed how these developers could be so highly leveraged and actually sleep well at night. Debt and uncertainty really did not bother them; actually, they thrived on it. They would buy now. The rule oriented conservative, such as myself, would wait. Uncertainty is avoided if possible. Saving several thousands of dollars now would not out weigh the stress caused by the uncertainty.
Uncertainty, that is the key word. Anyways, you might as well enjoy yourself. Although money is the root of all evil; evil spelled backwards is live.
__________________ Past:1991 Lumina Euro 3.1, 1994 Cutlass SL 3.4, 1999 Intrigue GL, 2003 CTS, 2006 Saab 97x, 2009 4Runner SE (should of never traded it in), 2012 SRX, 2015 Charger Rallye. Current: Mine: 2018 4Runner Limited (glad to be back), Wife's: 2020 4Runner Limited (glad she finally joined the club).
I was planning on waiting till the end of the year to hopefully get a 2020 OR, but with everything that happening, I am keeping my eye out for better deals if they do arise now. Specially if I can find an 18 TRD Pro Calvary Blue, (wishful thinking!) But getting a new car was supposed to happen at the end of the year. After I move into my new apartment and after I get a dog!
My employment is fine, (and hopefully will be), I do have money in savings for a hefty down payment, and savings in case I do lose my job to last me a few months. I think I'm just gonna keep an eye out and wait.
opportunity cost for your future; invest now and be aggressive. Did this back in 08/09 and came out very well. I'll be doing the same for my kids; I have their college paid for already, and now its just to create a fund for them.