Used car prices

[Sprintey]

Originally Posted by anobserver

When i think back on 2017, its not clear to me what exactly has changed to erode sales. There could be any number of factors working together. Peak debt, perhaps?

Reply to older post: what changed in 2017 is no more local industry. The 35K XR6 has been replaced by the 35K top-spec Yaris. Prices have effectively hiked now there are no more locals keeping them honest, perhaps fewer people interested in that?

2nd hand pricing on the last Holdens and Fords has been very robust in Covid, V8 versions and the last turbo 6's are asking more now than when they were retail.

[Sabantien]

Originally Posted by Yellow_Festiva

And a Mitsubishi 4x4 - can't remember which one. Guy on the radio said he bought it for $3.5k before the recall only to be offered double in the buy back.

I had a look, NL Pajero. I'm considering a second hand Pajero, so good to know which ones to avoid. There's a couple in dealerships still listed on carsales. I'm guessing they weren't offered as much as old mate on the radio and are hoping to screw over a buyer.

[stevefreestyle]

Originally Posted by fiestaz

Ahh no... I’m happy to negotiate. But if I were to get an offer like you suggested, the conversation would be over quickly and rudely.

Your $23k budget, means you should be looking at cars around $25k and less. No one in their right mind would drop nearly a third off their asking price just because you said it’s more than a dealer would pay them.

So yes, you are one of those buyers. One that thinks their money is worth so much more than everyone else’s.

Edit: I truly hope you do not go to look at and drive a car to then put in an offer like that, especially in this climate. At least give them the opportunity to reject it over the phone before wasting their time.

I agree, I recently had an "offer" like he was doing me a massive favour of $35K for my 2017 Lightening Blue Mustang, and he got very offended when I indicated it is only for sale to Grown-Ups, who know what it is worth.

These parasitic opportunists are so far off the mark they are worse than Time Wasters - as they try to exploit what could be people on hard times, or not commercially savvy.

I always "Qualify" or check on their financial expectations before showing them the car (I later sold it for over $50k)

[pwr4ce]

Sold my wife’s Territory a couple of years ago
First up listed it for the “recommended “ price suggested by carsales (which I thought was too much) = no offers. Reduced if over a couple of weeks to what I thought was reasonable ( mind you I had plenty of punters emailing me ridiculous offers )
One day I get a call from a bloke who wants to buy it, he comes around to look at it and offers me a lowball driveway price - I say no
An hour later get a call from a lady who’s interested - she come by and has a look, offers me full asking price (thank you) and picks it up a few days later

Secret that I have learned selling cars is price it realistically and don’t be in a rush to sell it

[Yellow_Festiva]

Add caravans to that list. Before Covid you could get something decent and used for $10-12K...

Just did a search - nothing decent within 200km from me below $20k...

[MITCHAY]

I did my once in a blue car search today and the LS3s are going strong, a lot in the 60-70k range.

I noticed a lot more FG-X XR8s coming up at pretty good prices too.

I want to drive my WRX into the ground and then pick up a V8 but the way it is going, these Aussie cars are just going to keep going up before that happens.

[anobserver]

Its deeply ironic that when Ford made Falcons here, i had other financial priorities.

Four years after manufacturing ceased and falcon affordability is still an issue, unless i go early b series and lots of repair work. Fgx prices are approaching what they sold for when new....!!

If nothing changes, the better option may end up to buy a new car and drive it into the ground....

I just wanted a ute...and at the moment thats looking unlikely.

[ford12]

Originally Posted by anobserver

Its deeply ironic that when Ford made Falcons here, i had other financial priorities.

Four years after manufacturing ceased and falcon affordability is still an issue, unless i go early b series and lots of repair work. Fgx prices are approaching what they sold for when new....!!

If nothing changes, the better option may end up to buy a new car and drive it into the ground....

I just wanted a ute...and at the moment thats looking unlikely.

If you go by Glass's guide and RACV you can get an Fgx Xr8 for 35k.

[anobserver]

Originally Posted by ford12

If you go by Glass's guide and RACV you can get an Fgx Xr8 for 35k.

The xr8 is great, but id feel guilty racking up miles on a motoring icon. I want something to drive every day to work, park at the shops and not feel aggrieved if it got stone chips, or car park scratches (id still be peeved, though...)

I was looking at rtv and xl utes, but with covid the low mileage ones have gone to ground, and the higher mileage ones are way up in price. Thousands for b series cars, fg and fgx.

The splashing of covid cash has seriously disrupted valuations. And i suspect the splashing has a way to go.

So used car prices might be weird for some time to come.

[Citroënbender]

Is it (still?) a good time to get rid of my Brocksport 850 wagon? I’d forgotten about it in the context of silly COVID prices.

[Whitey-AMG]

Originally Posted by MITCHAY

I want to drive my WRX into the ground and then pick up a V8 but the way it is going, these Aussie cars are just going to keep going up before that happens.

Listed sale prices are high but not sure how many are changing hands at those prices - plenty of speculators looking to cash in but plenty not taking the bait as well. See plenty of FPV's for sale with very high KLM and lacking service history. Russian roulette.. much

[MercuryT]

Still lots of great buys out there.

It just depends on what you want and/or looking for I guess

[MercuryT]

Originally Posted by MITCHAY

I want to drive my WRX into the ground and then pick up a V8 but the way it is going, these Aussie cars are just going to keep going up before that happens.

Mum nearly sold her VXII SS Commodore for 12K about 5 years ago.

Worth double that easy now as one of the best untouched examples in Australia......and going up.

[MercuryT]

[ebv8]

i flogged my boat for covid prices, sold for 3 times what i paid 2 years ago. bought a replacement for alot less and plan to buy the same type back in a year or 2 when prices settle. i couldn't say no to money waving me in the face.

fast and/or fun things have gone through the roof while boring stuff is cheaper

If only Ford Territory's had covid prices they seem to be getting cheaper as they are on the boring list

[MercuryT]

Mum's worth way more than mine albeit older, nowhere near the technology etc etc.

[ED Classic]

Originally Posted by Spammy

With new car sales down the proverbial and Covid here for a lot longer that we imagined, what does everyone think about used car prices?

I'm in the market for a used car in the low 20s - my aim is to find a sellers looking for $30k and offer them $23k cash today, take it or leave it.

What’s cash? If anything the seller has a lot of explaining to do when they go deposit that in their account

Those days are gone

[ED Classic]

Originally Posted by nstg8a

Plenty of sellers do take low offers like that.

You don’t get if you don’t ask

I’ve never understood why people get offended by a low offer.
You either accept it or don’t. Or continue negotiating.
But if someone acts like I just shagged his mum just because his feelings got hurt over a low offer then I’d probably walk away even if I really liked the car and was prepared to go higher. If they’re that sensitive then the deal is just gonna be a pain.

Plenty of other cars on the market.


Sent from my iPhone using Tapatalk

Depends what car,

Oh and colour , and kms , and unmodded

And which side of the country

[Syndrome]

Mate sold his 2012 Collorado for more than 50% of the price he paid for it when it was new. Unbelievable.

[Mechan1k]

Originally Posted by MITCHAY

I did my once in a blue car search today and the LS3s are going strong, a lot in the 60-70k range.

I noticed a lot more FG-X XR8s coming up at pretty good prices too.

I want to drive my WRX into the ground and then pick up a V8 but the way it is going, these Aussie cars are just going to keep going up before that happens.

WNII Caprices are much cheaper than VFII anything LS3
It still was when I last looked not that long ago

[rare ss]

Bloke I worked with sold his 8 month old Hilux Rogue back to a dealer for 4k more than it owed him new.. go figure

[Franco Cozzo]

Originally Posted by Mechan1k

WNII Caprices are much cheaper than VFII anything LS3
It still was when I last looked not that long ago

Yep, certainly are.

I'm not sure why LWB cars are worth less than their povvo counterparts, you get more car for less money and nicer interior in exchange for looking like you drive from Melbourne CBD to Melbourne Airport for a living

[anobserver]

Originally Posted by rare ss

Bloke I worked with sold his 8 month old Hilux Rogue back to a dealer for 4k more than it owed him new.. go figure

Young bloke i work with did a similar deal. Pricing has gone mad. He decided to build a house and needed the cash.

[BENT_8]

I bought my Pajero in August for 10k, current value based on similar offerings around Adelaide right now is 14-17k..crazy

[au2000]

Checked vs utes yesterday my jaw dropped for a 5 litre, 5 speed at almost 30 grand !

[Mechan1k]

Originally Posted by au2000

Checked vs utes yesterday my jaw dropped for a 5 litre, 5 speed at almost 30 grand !

Why ... when you can have this for just over $30K with just over 100,000km on it.

https://www.carsales.com.au/cars/det...19449729/?Cr=1

[hackney]

On ABC news last night(9/2/21) Alan Kholer(business news) used vehicles have risen a further 4%.He was saying this could also be due in part to a lot of expats returning home & needing a vehicle.

[stevefreestyle]

Originally Posted by ED Classic

What’s cash? If anything the seller has a lot of explaining to do when they go deposit that in their account

Those days are gone

Correct ! A lot think Cash is a benefit to the seller - no longer the case. Cash is actually a NEGATIVE as it is an inconvenience as you have to go and bank it and possibly explain if over $10K.

[stevefreestyle]

Originally Posted by Mechan1k

Why ... when you can have this for just over $30K with just over 100,000km on it.

https://www.carsales.com.au/cars/det...19449729/?Cr=1

If I was going to buy a 2015-6 V8 - Make mine a FORD FGX XR8 thanks!!!

[DFB FGXR6]

Originally Posted by stevefreestyle

If I was going to buy a 2015-6 V8 - Make mine a FORD FGX XR8 thanks!!!

Not for 30K though.