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26-04-2021, 08:37 PM | #1 | |||
Regular Member
Join Date: Mar 2009
Posts: 251
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Quote:
I feel people will get burnt while prices are inflated. Many are taking money out of super to buy these cars, or borrowing against newly found capital on their houses due to the property boom. Special 'numbered' models will always be in high demand. The average HSVs, FPVs / XRs, SSs are what's inflated IMO, unless it's super low km (near new). I don't think these cars will move much at all for many years now, even perhaps down a little. People need to consider what it actually costs to hold / store / maintain a car too. |
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26-04-2021, 08:55 PM | #2 | |||
PURSUIT 250
Join Date: Mar 2009
Location: sydney
Posts: 5,751
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I know a bloke who paid 65k for one of those vf2 directors. He thinks it will be an earner. Won’t hear about storage costs and insurance and maintenance. It still has delivery kms. At the end of the day it’s an auto bf Calais. Will be worth not much more than any other Calais in time I also believe any of the Modern Australian special cars need to be manual to hold their value in time |
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27-04-2021, 07:37 AM | #3 | |||
Virtuous Bogan (TM)
Join Date: Jan 2005
Location: TAS
Posts: 27,473
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Then you factor in you would want to be running it around once a week to make sure things are lubed etc....id think you would have to hold something for 15+ years to see any return unless you got lucky (when buying near new).
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27-04-2021, 12:27 PM | #4 | |||
T3/Sprint8
Join Date: Jan 2005
Location: Australia
Posts: 16,031
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Those who buy but are at their limits, and get shaky if there is a sudden increase in their living costs/a misfortune, you know that curve ball we all can't dodge, surgery/the kids or a large home reno/bathroom etcetc... And for some, the general cost of rego/ctp/Insurance it just gets washed into the daily/annual costs of living. I have 2 that I hardly use, 1 mostly never and Thankfully I can afford doing so. I sure wouldn't be using Super to buy something or anything as such, for one that is madness and shows you have bugger all in the first place. Good luck to them, hope it works out in the end but I feel thats a hopeful Fairytale in the future. The pricing is covid madness, people are impatient, imagine what the pricing will drop in a couple more years or so.
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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27-04-2021, 03:39 PM | #5 | |||
Barra Turbo > V8
Join Date: Jan 2005
Posts: 25,305
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I don't think it's just covid. I mean the cars we talking about are finished, so there's that also. And seeing as generally falcons weren't as popular also. Either or interesting times ahead.
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2011 XR6 Turbo Ute - Manual - Lux Pack - Twin 2.5" Stainless Exhaust - Antz Turboside Intake - CCForged Phatlux wheels - Tuned by LS Tuning and Performance |
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27-04-2021, 03:55 PM | #6 | |||
T3/Sprint8
Join Date: Jan 2005
Location: Australia
Posts: 16,031
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Quote:
Real Estate is an interesting one next to rising car values - What people are willing to pay and why ? No OS travels - money saved per annun that used to burn. Many Ex Pats have come home for safeties sake and job loss - buying home to live. WFH - consultancy jobs, good pay. The mention how many have pulled out Super $$$$. Yes maybe the factory closures now have set in peoples minds is another small trigger. I do think the way we have had to change our lives due to living through covid has contributed imo. In the future values staying up and increasing or stabilise and drop ???? That is the crystal ball thought process - when and IF the Reserve Bank in the next 12mths and more decide there is an opportunity to increase Interest Rates will be the deal breaker. In the meantime who ever sells and buys, enjoy I guess for tbh it defies logic in these strange times.
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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10-06-2021, 02:45 PM | #7 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,245
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Turning over in my mind, the 06 Mk5 Golf I’ve been offered for $600 OBO.
Is it a prospect for flipping? I don’t see many with NSW rego under $2500. Interior - got airbag/pretensioner light on, centre dash storage lid gone, door trims need new fabric and headliner has thumbtacks. Two original keys, two owners including present, books. Outside - one headlight needs buffing and sealing. Reg to 27/6, no concession, 221K, diesel, automatic, no smoke, no suspension noises or free play. Tyres legal and matched, alloys a bit rashed, silver paint has a number of minor scuffs and scrapes. |
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27-04-2021, 08:38 AM | #8 | |||
Barra Turbo > V8
Join Date: Jan 2005
Posts: 25,305
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Will I. Most certainly not. But your right, factor in rego, insurance etc im still behind
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2011 XR6 Turbo Ute - Manual - Lux Pack - Twin 2.5" Stainless Exhaust - Antz Turboside Intake - CCForged Phatlux wheels - Tuned by LS Tuning and Performance |
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