Good value second hand cars - COVID times, Falcon/Commodore tax

[Honest Gaza]

Originally Posted by fordomatic

Cars that were selling for 30-35k 6 months ago are now advertised for 20-25k. Nice to see the market stabilise.

Of the ones that sold, you can't assume they sold for the asking price of $30-35K...that's just the advertised price.

[fordomatic]

Originally Posted by Honest Gaza

Of the ones that sold, you can't assume they sold for the asking price of $30-35K...that's just the advertised price.

I know multiple of the sellers and know what they actually got. We have a closed group and talk about actual selling prices of our cars regularly.

I know someone who recently paid $37,000 for a 2009 G6ET but it had 50,000km on it. Reason being is I asked if $37500 was unrealistic for mine and he sent me a private message saying what he just paid for his and he was looking for 6 months for an unmodified one with full service history.

[bangm001]

I agree with some cooling, but these are some current results posted onto FB by muscle car stables. 105K for a 335 GT (albeit very low KMS). The others i wouldn't call bargains either! Thoughts?

[hackney]

Originally Posted by bangm001

I agree with some cooling, but these are some current results posted onto FB by muscle car stables. 105K for a 335 GT (albeit very low KMS). The others i wouldn't call bargains either! Thoughts?



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My son use to own #338 Cobra.Sold it for $110,000 a few years back, monster of a thing.Put out 728hp on the dyno.

[ford71V8]

Originally Posted by hackney

My son use to own #338 Cobra.Sold it for $110,000 a few years back, monster of a thing.Put out 728hp on the dyno.

Love the rims and stance.

[Sprintey]

Beginning to notice some drops in the covid-tax asks on common garden variety Aussie stuff here in WA - some slight concessions, some are big % drops.

[Polyal]

Not sure what is drawing me in but I have an unusual like for a Toyota Crown or Majesta. They seem like really good value but I imagine would be a risk for parts.

[Franco Cozzo]

Originally Posted by Polyal

Not sure what is drawing me in but I have an unusual like for a Toyota Crown or Majesta. They seem like really good value but I imagine would be a risk for parts.

Majesta is cheaper if you're talking JZS171/UZS171, the V8s are circa $10K less to buy than the 1JZGTE variation.

UZS171:

https://www.ironchefimports.com/cars-available/6107/

JZS171:

https://www.carsales.com.au/cars/det...-AD-14163085/?

They've got a big following on Facebook locally, so I wouldn't be too concerned about parts, Golebys is also doing a lot of JZS171 upgrades now too.

The V8 isn't overly popular in comparison to the turbo six, the 1UZ is a bit of a boat anchor compared to the 1JZGTE

[Citroënbender]

Which series, Polyal?

[Polyal]

Originally Posted by Citroënbender

Which series, Polyal?

Not sure what series they are, but circa 2006-2012ish for good value.

https://www.carsales.com.au/cars/det...13904388/?Cr=4

https://www.carsales.com.au/cars/det...14213389/?Cr=7

https://www.carsales.com.au/cars/det...1441446/?Cr=15

Alot of car for the $$

https://www.carsales.com.au/cars/det...1377759/?Cr=16

[T3rminator]

Couple of bargains?

FG xr8 manual

https://www.carsales.com.au/cars/det...SE-AD-13474278

VZ ss manual

https://www.carsales.com.au/cars/det...SE-AD-14350938

[Polyal]

Originally Posted by T3rminator

Couple of bargains?

FG xr8 manual

https://www.carsales.com.au/cars/det...SE-AD-13474278

VZ ss manual

https://www.carsales.com.au/cars/det...SE-AD-14350938

Market is coming back a bit..will be an interesting year.

[FoxtrotGolfXray 5.0]

Prices are certainly starting to ease...and in some cases quite considerably.

I keep an eye out on FG X XR8 prices; just to ensure my agreed value for the insurance remains relevant.

At one stage, about 6 to 12 months ago, my XR8, with 65000kms on the odo, would have fetched around purchase price when new. Cars with less kms than mine are now asking about $5k to $10k less than that.

As an example, this car has had 7 price updates!
https://www.carsales.com.au/cars/det...1045687/?Cr=29

And this one has had 4 pricing updates. Check out the sticker price compared to the current asking price. That's a $10k difference. And it still hasn't sold yet:
https://www.carsales.com.au/cars/det...1005866/?Cr=24

[FoxtrotGolfXray 5.0]

Originally Posted by FoxtrotGolfXray 5.0

Prices are certainly starting to ease...and in some cases quite considerably.

I keep an eye out on FG X XR8 prices; just to ensure my agreed value for the insurance remains relevant.

At one stage, about 6 to 12 months ago, my XR8, with 65000kms on the odo, would have fetched around purchase price when new. Cars with less kms than mine are now asking about $5k to $10k less than that.

As an example, this car has had 7 price updates!
https://www.carsales.com.au/cars/det...1045687/?Cr=29

And this one has had 4 pricing updates. Check out the sticker price compared to the current asking price. That's a $10k difference. And it still hasn't sold yet:
https://www.carsales.com.au/cars/det...1005866/?Cr=24

Nearly six months to the day I posted the above, I thought I'd demonstrate how things are still easing in the Xr8 market.

My insurance is up for renewal and Shannon's offered me $55k agreed value. Looking at the asking price for similar km cars on carsales, that $55k seems reasonable. However, given I've got the sunroof and exhaust, I was able to agree on $60k for mine.

But, prices are certainly continuing to ease.

[Sprintey]

Here's a good read, from the US. Auto financing companies are placing their bets for post-covid used car prices, and it's interesting:

"During the crazy bubble spike from February 2020 through May 2022, the index had jumped by 63%, or by $8,842. The index has now worked off $3,336, or a little over one-third, of that bubble spike. The question on everyone’s mind is this: How much more will used vehicle prices drop before the price increases start all over again? And when will those price increases start all over again?

This question is crucial to the financing arms of automakers when they calculate lease payments for new vehicles. They have to predict what used-vehicle wholesale values will be in two to three years to determine the residual values in their leases. They don’t want to be $10,000 on the wrong side of reality three years from now on a gazillion vehicles when their leases end. And they’re now confronted with the worst turmoil in used-vehicle wholesale pricing ever, and they had to place their bets. More in a moment."

https://wolfstreet.com/2023/08/08/us...ed-their-bets/

[MITCHAY]

I like to do my once in a while browse and I came across this. It looks absolutely mint with low ks.

I need a daily and it would be a crime to daily this give how good the condition it appears to be in. But it's a few $

https://www.carsales.com.au/cars/det...13432192/?Cr=0

[T3rminator]

If you can overlook the auto, this is not a bad deal. A series III. Clean as.

https://www.facebook.com/marketplace...5076792051330/

[MITCHAY]

Originally Posted by T3rminator

If you can overlook the auto, this is not a bad deal. A series III. Clean as.

https://www.facebook.com/marketplace...5076792051330/

Yep. They certainly like red Falcons

[DFB FGXR6]

Originally Posted by MITCHAY

Yep. They certainly like red Falcons

Those people have excellent taste!

[ford71V8]

Originally Posted by DFB FGXR6

Those people have excellent taste!

My wife does aged-care. Today she was with a lady who is 96. The lady pointed out a late model red Mustang while out shopping and said "That looks like our old Charger".
There are fans of all ages still.

[fordomatic]

So, had my 2010 G6ET up on Carsales for the last 4 weeks. Advertised $39800 with full service history and 60,000km. Heaps of messages in the first week from dreamers and time wasters. Then nothing for two weeks and then another flood of messages and calls.

Had a couple come and have a look, 3 hour drive for them. Said they had looked at around 10 in the Sydney area and they all had issues and weren't honest. Most expensive one they had looked at was 32k. Anyway, negotiated a little and i'm keeping the 50th Anniversary 19" turbo wheels and after i sell them, it'll be very close to asking price. Took a sizeable deposit, so fingers crossed they come through.

Seems the market is still there for the right cars. What was on my side is that I genuinely didn't care if it didn't sell, I was in no rush. Some of the messages I got were hilarious. When I said no to a few 30k offers I got abused and called all sorts of names.

Anyway, it's not sold until I have the money, but just thought I'd share this story so far.

[fordomatic]

Originally Posted by fordomatic

Anyway, it's not sold until I have the money, but just thought I'd share this story so far.

She's gone

[roKWiz]

Spotted this on FB $ydney marketplace.

What a great Presidential ride for General Franco.
Plenty of room for the night ladies, no licence required, Barra powered. Big enough to live in.

https://www.facebook.com/marketplace...tory_type=post

[Franco Cozzo]

Originally Posted by roKWiz

Spotted this on FB $ydney marketplace.

What a great Presidential ride for General Franco.
Plenty of room for the night ladies, no licence required, Barra powered. Big enough to live in.

https://www.facebook.com/marketplace...tory_type=post

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Thats the perfect presidential ride for when I'm our benevolent dictator as Australia regresses even further

[roKWiz]

Originally Posted by Franco Cozzo

Thats the perfect presidential ride for when I'm our benevolent dictator as Australia regresses even further

Your welcome, now I suggest a go fund me for the $45G.

[Polyal]

Well at the end of the day if your flipping cars all that matters is the difference in buy and sell price (and keeping in mind other costs along the way like rego, insurance etc).

A car like that with such low kms will find someone who can justify it and not even blink; it would be more of a want than a need purchase.

Good cars will always demand more, but it is possible to generalise with trends.

[fordomatic]

Originally Posted by Polyal

Well at the end of the day if your flipping cars all that matters is the difference in buy and sell price (and keeping in mind other costs along the way like rego, insurance etc).

A car like that with such low kms will find someone who can justify it and not even blink; it would be more of a want than a need purchase.

Good cars will always demand more, but it is possible to generalise with trends.

Yes, agree.

I bought it to daily for 2 years. Problem was that I used it as a daily along with the Sportsman all last year and then couldn't do it anymore as it was just in too good condition to justify. I had a couple of close calls almost being rear ended and add the sap in the car park at work, I put it in the garage and barely used it the last couple months.

I wish I wasn't so OCD and was like others that simply see a car as a car and just use it. It actually annoys me as it's such a beautiful car to drive and is the perfect daily. I don't see it as a weekend car though. The stress of using it as a daily was too much. The Sportsman is perfect for that, because it isn't worth bugger all.

[Polyal]

Originally Posted by fordomatic

Yes, agree.

I bought it to daily for 2 years. Problem was that I used it as a daily along with the Sportsman all last year and then couldn't do it anymore as it was just in too good condition to justify. I had a couple of close calls almost being rear ended and add the sap in the car park at work, I put it in the garage and barely used it the last couple months.

I wish I wasn't so OCD and was like others that simply see a car as a car and just use it. It actually annoys me as it's such a beautiful car to drive and is the perfect daily. I don't see it as a weekend car though. The stress of using it as a daily was too much. The Sportsman is perfect for that, because it isn't worth bugger all.

I understand, my Honda isnt a master piece but I regret dailing it most of the time...I should just buy a crapper which is on the cards.

But I have too much fun driving it so I will persist for a bit longer.

[au2000]

Crappers work well, my $200 bf is about to crack 280000 and apart from a few squeaks in the front end, is just not a worry…

But yeah market is there for a decent price decent car, son’s xr6 was up for about 6 weeks before he got the price he was after, yep def a few extremely low ball offers, but if you are not in a rush, everything sells

[BA-XT]

Thought I'd just chip in.

I don't look at Holden's much but bloody hell!!

$12-$15,000 of a VX Executive? $30k plus for a high mileage SS? Are people prepared to pay these sorts of prices?