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The Pub For General Automotive Related Talk |
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#1 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,664
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So i notice all the time that people are saying that cars are hard to sell. I think people need to get realistic, if they actually want to sell the car it needs to be a competitive price. Whenever i sell my cars i look at the medium price on carsales and put my price $1000 lower than that price and remain firm on my price. I sold my old BAXR8 this way in 3 days, my Mitsubishi Pajero in 7 and i just sold my VY Clubsport in 4 days. All of these sold to the first viewer.
All my cars are always immaculate and this is the reason they sell fast. People that can't sell there cars seem to have immaculate cars but want top dollar for them. Unless there is a certain person that really wants said car, no one is going to part with there hard earned. Or they have bad condition cars and are asking average price, they wont sell unless they are cheap. The main reason i say this is because i have also been looking for a 09 FG XR6 turbo for 4 months, going to pay no more than $25500. Every one i have looked at hasn't been at the standard i require. But ones that are immaculate are asking $5000 more, but they are still on carsales since i started looking 4 months ago and price hasn't changed. If they want to sell the car, lower the price to a medium point and it will sell straight away, simple |
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#2 | ||
FF.Com.Au Hardcore
Join Date: Feb 2009
Posts: 1,460
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Haggle with them then
I got 2.5k off my car, 1k off another Sent from my HTC ARIA using Tapatalk II.IV.X
__________________
Before - ED Falcon Futura (sold) EL XR6 (R.I.P.) VX SS (R.I.P) VE Berlina |
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#3 | ||
Donating Member
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Location: Checking out soft furnishings....
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Yeh i know i can haggle, but if i advertised a car for $30,000 and was offered $25,000 i would be severely offended.
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#4 | ||
Now Fordless
Join Date: Aug 2005
Location: Fremantle, WA
Posts: 3,611
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I look on gumtree fairly regularly and see some shockers. I noticed that when they say "bargain" or "priced to sell" its always the complete opposite.
I think a lot of people don't research prices before they advertise and are completely unaware of new car deals that are around. |
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#5 | ||
cross breeder
Join Date: May 2005
Location: vic
Posts: 3,964
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If you've been looking for 4 months and none of the cars have been within $5k of your price range,you cant afford the car you want.....
__________________
Like xk-xf's?
http://www.ozfalcon.com.au/ |
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#6 | |||
FF.Com.Au Hardcore
Join Date: Feb 2009
Posts: 1,460
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Quote:
I would rather sell a car to someone that would take care of it with a discount then to not be able to sell it at all Can always ask, if refused initially, offer your number and usually call back to renegotiate. Sent from my HTC ARIA using Tapatalk II.IV.X
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Before - ED Falcon Futura (sold) EL XR6 (R.I.P.) VX SS (R.I.P) VE Berlina |
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#7 | ||
FF.Com.Au Hardcore
Join Date: Oct 2008
Location: Perth, WA
Posts: 1,308
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Some people are in no hurry whatsoever to sell their car. That, along with one in immaculate condition means that they can ask top dollar (above average market value) for it.
I sold my then 18 year old EA for $2000. It took me six months to sell it (initially advertised for $2500), but I didn't care. I got what I wanted for it.
__________________
Current car: 2016 Ford MD Mondeo Titanium EcoBoost (2016-) Previous cars: 2005 Ford BF Fairmont (2006-2019) 1989 Ford EA Falcon GL (2000-2007) 1982 Ford KA Laser Ghia (1999-2000) |
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#8 | |||
Donating Member
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Location: Checking out soft furnishings....
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Quote:
Mate i'm not having a go but these cars that are 30 grand are not selling. No one in there right mind would pay 30 grand for an 09 xr6 turbo. There are 2010-2011 ones that are immaculate for that price. I've been looking for 4 months because every seller i've talked to has lied to me. It seems my opinion of "immaculate" is very different to others. It took me 6 months to find the clubby i just sold, and i got it for the price i was prepared to pay. I'm willing to wait for the new one but im sick of sellers lying. All i'm saying is that if people "want" to sell there cars, price them competitively and don't lie to buyers. It's worked for me every time i've sold a car so i cant see why it's so hard. |
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#9 | ||
FF.Com.Au Hardcore
Join Date: Feb 2009
Posts: 1,460
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Lol dun get me started on ****** liars and their interpretation of 'great condition'
Sent from my HTC ARIA using Tapatalk II.IV.X
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Before - ED Falcon Futura (sold) EL XR6 (R.I.P.) VX SS (R.I.P) VE Berlina Last edited by AU1XLS; 24-02-2013 at 05:24 PM. |
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#10 | ||
Banned
Join Date: Dec 2007
Posts: 3,290
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people can charge what they want maybe they don't care if there car sells quickly maybe rather then cheapening other peoples cars by undercutting them they'd rather wait.
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#11 | ||
Driver Returns On Foot
Join Date: Jun 2012
Location: Rockhampton mostly
Posts: 797
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as long as everyone walks away feeling like they have ripped the other person off.. then its a positive sale.
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#13 | ||
Donating Member
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#14 | |||
FF.Com.Au Hardcore
Join Date: Sep 2009
Posts: 2,527
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Quote:
I spent over 6 months looking for my GQ patrol Not only were we looking everywhere we spent over a grand on fuel checking out all these so called beauties .... We had to stretch the budget,but we found the best of the best |
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#15 | |||
FF.Com.Au Hardcore
Join Date: Sep 2009
Posts: 2,527
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Quote:
If people are looking and the price is the first thing many care about of course youll attract more buyers ,thats a no brainer Many who have theses 2nd hand cars have some finance owing,so most are trying to get as much of that as they can,as most finance companies wont release the title unless the full loan is paid In this day and age of all the deals around especially new cars, selling an older car is hard,but you obviously price yours to sell |
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#16 | |||
Donating Member
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Location: Checking out soft furnishings....
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Quote:
People say they cant sell there cars and whine about not selling them, if they are in great condition and "priced" to sell, they will go quick smart. Of course its hard to sell if you want top dollar, you market is reduced very significantly. If people are happy to wait that's fine. But as soon as they say they can't sell, there is a reason for it |
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#17 | ||
335 - STILL THE BOSS ...
Join Date: Dec 2004
Location: Melb East
Posts: 11,421
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Of course you need to find the balance between what the market expects to pay and what the seller acceptsl ...... When I sell a car I think I am fair but no way no am going to give it away. Good nic car will attract more of course but it also comes down to how quick the seller wants to move it and how quickly someone wants a car.
No way in hell would I be looking for 4 months for a car. Once I have decided to buy a daily I am not stuffing around. Especially for a Falcon. Different buying something that is specialised though. I just think the second hand market is crap and always has been. HATE selling cars because of the over the top expectations of buyers ..... even selling a a $2000.00 AU Wagon with RWC .... "Oh it has a scratch .... you accept $900.00?" Never ever had a problem buying the right car though. BUT .... if you cannot find the right car for the price you want to pay ..... and its been 4 months ...... would it be possible that your expectations are out of sink with what the market thinks they are worth? As Apollo has mentioned ........ ?
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'73 Landau - 10.82 @ 131mph '11 FG GT335 - 12.43 @ 116mph '95 XG ute - 3 minutes, 21.14 @ 64mph 101,436 MEMBERS ......... 101,436 OPINIONS ..... What could possibly go wrong! Clevo Mafia [SIGPIC][/SIGPIC] |
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#18 | |||
Donating Member
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Quote:
Right now in NSW, VIC or ACT there is literally no xr6turbo turbo that i would buy, because i've either looked at it or it is in bad condition. I went and looked at a 2009 model today that had $30,000 on it, i thought i would heed the advice here. The buyer once again told me it worth worth my time to come and look at it. It had bad swirling all through the paint (sure i can fix that) the rear bar had a dint in it and it had shopping park scrathches all down passenger side. My clubsport was a daily, had no scratches or dints and it had 150,000km and was 10 years old, i don't get how people treat 4 year old cars like this. Im happy to pay a few grand extra now, so we will see what happens. As i said though i don't mind that it's taken me 4 months, i've got all the time in the world, i don't "need" the car. I waited 1 year for my GQ patrol to come up, got what i wanted in the end. |
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#19 | ||
FF.Com.Au Hardcore
Join Date: Dec 2009
Location: Melbourne
Posts: 619
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I once put my i45 up for sale on a free classifieds site just to see what it was worth (wasn't really selling it). I didn't specify a price, I just put negotiable. In the end, I got a bunch of replies from seemingly foreign (maybe Indian?) people asking 'how much u want for ur car'. I responded with a simple 'looking for about 25k' (fair price). Most would then say 'sorry above my budget - only have 10k to spend'. Are people that stupid that they think they can get a 2 1/2 year old car for 10k? Yikes.
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#20 | ||
Regular Member
Join Date: Aug 2010
Location: Adelaide and Mindanao, Philippines
Posts: 166
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Yeah people who are selling their cars at the price needed to pay off their existing loans will always be asking too much unless they are in their 3rd or 4th year of repayment.
Generally speaking, most cars are only worth 50% of their value after 4 years in Australia (2 years in the USA). The last decade has seen a dramatic drop in used car values in Australia. This coupled with an equally dramatic drop in new car prices in the last 20 years combined with financing starting at 0% has changed the way motorists buy cars. Simple maths dictate that a new car is a better deal than a used car for a buyer looking for financing and a long term manufacturers warranty. Mix this with a successful marketing campaign of "capped priced" servicing, many devout used car buyers have crossed the road from the sun baked used car-yard to the New car air conditioned show room floor. Goodbye Bruno, hello Janet! The result has been the closing down of wrecking yards with used car dealers going out of business left and right. What is now happening in Australia is what essentially happened in the USA in the 90's. US used car dealers fought back by using creative marketing such as "You got a job, you got a car" or "We don't care about your past, we only care about your future" style campaigns that targeted consumers with bad credit but had jobs. Used car dealers essentially became debt collectors by doing their own in house financing. In general, unlike a house, a vehicle does not go up in value the longer you hold it. Unlike an antique, a vehicle does not preserve itself better by letting it sit for long periods of time. Many sellers end up moving their beloved $7,500 AU Ford to a relative rather than sell it at market price. In their mind - they are not going to give it away, but essentially, this is exactly what you need to do, you need to sell the vehicle at a price that will move it out of your drive way within a reasonable timeframe. In today's market - that price may indeed be seen as "giving it away". For mechanically minded people (getting fewer and fewer), bargains can be had.
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Just Learning about Cars! Own a 1990 Fairmont and a 1991 Ford Corsair |
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#21 | |||
335 - STILL THE BOSS ...
Join Date: Dec 2004
Location: Melb East
Posts: 11,421
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Quote:
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__________________
'73 Landau - 10.82 @ 131mph '11 FG GT335 - 12.43 @ 116mph '95 XG ute - 3 minutes, 21.14 @ 64mph 101,436 MEMBERS ......... 101,436 OPINIONS ..... What could possibly go wrong! Clevo Mafia [SIGPIC][/SIGPIC] |
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#22 | |||
FF.Com.Au Hardcore
Join Date: Dec 2009
Location: Melbourne
Posts: 619
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Quote:
I also disagree with you that 2nd hand car values have dropped in the past 10 years. Let's go back about 6 years to 2006. According to Redbook: A 10 year old Falcon was worth $4500 (base model). Today, Redbook says $4800. Actually an increase. A 10 year old Corolla was worth $6900. Today, $5700. Ok, that is one decrease... 10 y/o Hyundai accent then = $3600. Now = $3500. 10 y/o Starlet/Echo then = $4700. Now = $5100 (increase). 10 y/o Camry = $5600. Now = $5500. Others: Patrol then $15900. Now $17000. Landcruiser then $19900. Now $23100. Tarago then $12900. Now $13300. I'm not seeing terribly many decreases... |
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#23 | |||
Regular Member
Join Date: Aug 2010
Location: Adelaide and Mindanao, Philippines
Posts: 166
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Quote:
http://www.getrichslow.com/yourcar/newused.html From NADA: Age Value/Original Cost New 100% 1 year 65% 2 years 50% 3 years 40% 4 years 30% 5 years 25% 6 years 20% 7 years 15% This is what I experienced in actuality as well. in 1990 a Fairmont EA cost $38,000/ Today a 2012 Falcon can be had for a similar price, hence my reasoning for cheaper secondhand prices today. You get a heck of a lot more car today than you did 23 years ago. My own personal experience after moving back to OZ buying a new vehicle and used vehicles reminded me of the USA 10 years ago. Those were the days when dealers charged for loan origination fees, all sorts of hidden charges. The GFC has opened up a whole new era there and I hope this too will come to Australia. Who would have thought years ago that in Australia we would have zero down, 0% interest, no hidden fees, no marked up prices and yet, this is exactly what Toyota offered before Xmas.
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Just Learning about Cars! Own a 1990 Fairmont and a 1991 Ford Corsair |
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#24 | ||
FF.Com.Au Hardcore
Join Date: Dec 2009
Location: Melbourne
Posts: 619
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I only pay cash for new cars so I couldn't care less about financing deals or what not. Everyone in the US leases (essentially long-term renting) anyway - I saw brand-new 2013 Sonatas for $79 per month or around 1k per year, with about 6k due at signing. We'll never see anything like that here in Australia.
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#25 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,892
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It's not that hard to sell providing you price the car right and present it properly. I see so many ads where people don't even clean their car prior to listing. I really question what they expect!
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#26 | ||
FF.Com.Au Hardcore
Join Date: Sep 2008
Posts: 671
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i recently sold my mint xc gs and a vf pacer,both sold straight away,no problem.
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#28 | |||
Join Date: Jul 2005
Location: Perth, Western Australia
Posts: 4,513
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You and only you will decide if the purchase price is a good one, regardless of the asking price and regardless of a private or dealer purchase. The advertised price is usually over priced to allow for negotiation, it is up to you to negotiate a price that you like. If not, walk away, there are others out there. In the case of a collectable/historic/performance vehicles, well, that depends on the purse strings and desire. .
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#29 | ||
FF.Com.Au Hardcore
Join Date: Sep 2008
Posts: 671
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yeah thats about it,i spotted a bloke with a pretty rough 6cyl xw falcon 500 a few years ago,anyway i talked to him about the car and he said he has seen them sell for 80k but he would let his go for 40k.well it was worth 1-2k and guess what,its still there waiting for the 40k buyer to find this great barn find lol.
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#30 | ||
Donating Member
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Location: Checking out soft furnishings....
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Funny, i didn't even think of G6E turbo as i thought they would be well out of price range. Well they are in price range, going to look at 3, tomorrow and tuesday. It seems like the G6E turbos are a lot better looked after than the XR6 turbos. I feel so stupid for not even thinking about the G6E now
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