Is resale value a myth?

Simple rule in the car game . Forget stats forget graphs ect ..

The more you spend ,the more you loose

my experiense you ask , 15 years auto wholesaler

Jim

There is not a vehicle thats been made that has not lost the original owner/purchaser a sh$t load of money.

There are a multitude of factors and variables of same that impact on the price obtained at the second sale of a new vehicle.

You can influence some of these factors such as condition of vehicle, current roadworthy cert. etc etc and some you can't like amount of Kms if leased, age if leased. etc etc.

So in essence I agree with Eric, forget the what ifs and stats, buy what you want/ need, use it, enjoy it and when it arrives at YOUR use by date, flog it off and move on to your next dream machine.

I tend to ignore the rtd for your $ where vehicles are concerned as I now accept that it doesn't matter what I buy, It's going to cost me money, not make me money.

Just a case of 'show biz' I am afraid.

Have a good one and check a new vehicle out on the weekend.

regards

Ken Robinson

Ask the bloke on Overlander with the Lexus, if I remember correctly when he wanted to trade it in, they offered him less than 50% of value of the car within 4 yrs.

It's luck of the draw Jimbo. I bought a one year old Mazda MX5 in 1991 for $21000 on a five year lease, couldn't sell it after five years (why would I want to) because its market value was $19500 and I would have incurred capital gains tax. I had to keep it for seven years but parted with it after ten and still miss it. Sorry can't keep typing my tears keep getting on the keyboard. . . . .

Two years ago I decided to trade in my Holden Statesman for a 4WD (life-style change). It was the supercharged V6 model. I had purchased the Holden new 5 years previously for $50,000. At trade-in time, it was still like new and had only done 57,000k's.

Holden offered me $9,000 for the vehicle.

I walked out in disgust. The saleman tried to call me back, saying the trade value for the Jackaroo would be great when it came time to sell. I wont repeat here what I told him.

I will NEVER buy another Holden product again. Neither will anyone in my familly.

I call it legalised theft.

Many people, myself included, consider quality above most other features with any purchase. If by your calculations a GXL Prado costs $1000 p.a. more to own than a Hyundai or Mazda etc, then I'm happy with that. Money well spent I reckon.

Steve.

aaahhhh its all too hard...maybe we should just go back to riding push bikes and horses

I agree with Leroy. I always had cars & kept them in top condition seat covers etc. only to find that all I have done is kept it in top nick for someone else. I could have driven them & saved the amount of time & money tending to it, & the price would not have made much difference.

It's only worth what you sell it for.

I am up to car number 99 over a period of 40 years. I started buying cars on tick when I was a youngster and always ended up paying heaps for them. Later in life I was self employed in a variety of businesses and used the taxation advantage writing off against the value of the vehicle. But in the end I paid too much for my transport. Twenty years ago I had a sea change and stopped buying 'flash cars' on HP or Lease as I saw no advantage to it. I went back in time and bought old vehicles for cash. I paid $2000 for a 1979 LC FJ 55 and sold it six years later for $1500. Clocked up 260,000km with it. I now drive a 26 yo 4x4 which clocks up around 15,000km a year, a classsic car which gets driven occasionaly and a run of the mill Commodore Wagon which does around 40,000km a year. Paid cash for them. Cars are reallly just recycled earth. They get you from A to B just like the more expoensive luxury cars do. The difference is that I now have more disposalble income whereas I would have been cash strapped if I had 'luxury' vehicles in the garage.

Hmmm interesting reading guys,
I will throw a spanner in the works if thats ok....

Purchase 1 x 1971 XY Falcon GTHO cost approx $5300.00 New
Todays price if 1 owner in good nick between 40,000 and 90,000.
Not a bad investment if you ask me.

Now where did I put that "flux capacitor"

What id give to go back to 1971 with 100,000 dollars and a huge storage yard.
Food for thought !

Hi Joe,
Well there is only ! real GT ! As far as your ELGT goes, its not a GT at all. There is NO history behind it. Thats the difference between your GT and a GTHO.
The ElGT was just a sales ploy for FORD to see how many people would go out and buy one to increas what was at the time dangerously low sales on FORDS. Nothing more than that. They needed sales and they always had the "GT" bagde to use in an emergency.

I personaly was disgusted when ford decided to put a GT badge on the EL. I thought at the time it was a slap in the face for all ford fanatics of the 70's era.
Dont get me wrong here Joe, I am not trying to offend you in any way ok, but there were many people that fell for the GT badge comming back in 1997.

Remember this mate, the GTHO was nothing really at the time of production, nobody knew how good it would be.Not even FoMoCo. The fact that history has been made because of it is the only reason why the XY GTHO can fetch up to $90,000.00. Personalloy i think well worth the price tag. I wouldnt hesitate to pay that IF i had money to play with.
But the ELGT, well there is no history there im affraid. Ask yourself this....
What did the ELGT do on the track that amazed everyone? It didnt!

Im just glad i have fond memories of the Bathurst races of the late 60's and 70's. Nothing comes close these days.
I remember watching the GTHO's and the XU1's lap after lap doing a carbon copy lap. Brocky would blitz the fords heading up the mountain, then they were heading down conrod straight, brocky in front, moffat and another ford behind him, they get to the first dip and vanish. Back in sight at the top of the second hill and there r all 3 cars side by side vanishing back into the dip, then once again, 2 fords sandwich brocky and fly past him towards the end of conrod.....all to be repeated lap after lap.
Thats one thing that will always stick in my mind, Truly amazing racing.