Thread: Used car prices
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Old 15-03-2021, 07:02 PM   #252
Yellow_Festiva
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Join Date: Oct 2006
Location: Sydney
Posts: 8,893
Default Re: Used car prices

Quote:
Originally Posted by DFB FGXR6 View Post
I was almost ready to buy an XR6 Turbo ute last year before the pandemic put a hold on that.

12 months later and prices are just not sensible. I feel like I missed the boat to be honest.

This is a great looking example, but just not at that price.

https://www.carsales.com.au/cars/det...2-02e28587b471
Serious question... how is car finance handling these prices?

I would assume Redbook / Glass Guide will say something very very different for the value of that ute?

Just checked Redbook.

* New - just under $41k
* Private Price Guide $35,100 - $38,600
* Trade In Price Guide $29,400 - $32,900

Looking at those values on what is now a 5 year old car it seems they have already factored in some increase. Wonder what those values were 12 months ago?

Would the finance company ask the buyer to stump up $25-30k to bring the price down to what is more financially viable for them??
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