Welcome to the Australian Ford Forums forum.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.

Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated.

Go Back   Australian Ford Forums > General Topics > The Pub

The Pub For General Automotive Related Talk

Reply
 
Thread Tools Display Modes
Old 11-08-2020, 11:08 AM   #1
Spammy
FF.Com.Au Hardcore
 
Join Date: Oct 2008
Posts: 1,094
Default Used car prices

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.
Spammy is offline   Reply With Quote Multi-Quote with this Post
Old 11-08-2020, 12:18 PM   #2
Poetic Justice
NOT A TOYOTA :/
 
Poetic Justice's Avatar
 
Join Date: Jan 2005
Location: Eastern Suburbs, Melb
Posts: 2,562
Default Re: Used car prices

This is interesting, I have purchased a few cars off private sellers to sell at our dealership lately and it has been easier than I anticipated at a price considerably lower than they were asking. Obviously there would be a few people looking to offload cars with debts and the like if they have had a change in work circumstances due to COVID.

Dealership used car sales have been going gang busters also... people looking to spend a little less than the new car pricing.

As for private used car sales, maybe not?
__________________
06 LandbargeCruiser Sahara
Managed to remain in the v8 fraternity
Poetic Justice is offline   Reply With Quote Multi-Quote with this Post
Old 11-08-2020, 12:36 PM   #3
fiestaz
FF.Com.Au Hardcore
 
fiestaz's Avatar
 
Join Date: Nov 2009
Location: Sydney
Posts: 1,123
Default Re: Used car prices

Quote:
Originally Posted by Spammy View Post
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.
Oh your one of those buyers....
__________________
2013 Focus ST
2019 Hyundai i30 Active.

A clean car brings a clean mind
fiestaz is online now   Reply With Quote Multi-Quote with this Post
Old 11-08-2020, 01:53 PM   #4
Spammy
FF.Com.Au Hardcore
 
Join Date: Oct 2008
Posts: 1,094
Default Re: Used car prices

Quote:
Originally Posted by fiestaz View Post
Oh your one of those buyers....
Oh so you are one of those sellers "I know what I have, so no offers"

Well it is my money and they should be happy as I'm probably offering them $5k more than the dealer would as a trade in.
Spammy is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 11-08-2020, 02:57 PM   #5
bangm001
Mopar! But Own F6's..
 
Join Date: Dec 2005
Location: F6DELAIDE
Posts: 3,155
Default Re: Used car prices

Iv found anything with a limited build number people are wanting mega bucks! HSV GTOs, anything Senator etc etc. Is the demand really that high for these right now? I guess they are selling though.
I ended up finally buying a 335 FG MKII FPV GT a few months ago and got it for what i thought was a good/fair price.
__________________
F6 TYPHOON
FPV 335 GT
bangm001 is offline   Reply With Quote Multi-Quote with this Post
Old 11-08-2020, 02:57 PM   #6
Crazy Dazz
FF.Com.Au Hardcore
 
Join Date: Feb 2008
Location: Perth, Northern Suburbs
Posts: 4,883
Default Re: Used car prices

If you hunt high & low long enough, it is often possible to come across genuine bargains in the private market. But you need to be ready to move quickly, because you're not the only one out there hunting for a bargain.

But as for offering well under what they're asking, the problem is that you need to time it right. You don't want to be the first (or even 2nd) person to tell them, because they will resent you. Unfortunately people are not logical.
Seller advertises his car, at too high a price. 10 people come and look, realise he's overpriced it and walk away. You come along and finally tell him the truth. YOU are the one he gets upset at.
You need to come in after others have already softened him up.

As for current prices, I have seen some softening, but not much. We found a good price of a 1yr old ex-fleet Equinox, but the pricing seems to be combination of the model being relatively poorly known, Holden existing Australia, covid related lack of demand, and this dealer wanting to move volume.
The thing with dealers is that they simply adjust to the market. If prices are down they pay less at the auctions and sell them for less. Unlike private owners who will tend to hold on to them.

And sure, there have been a lot of people royally screwed by this damned virus. But IMHO not enough to really drive car prices down substantially.
Especially now. There has presumably been reduced demand, over the past 6 months, but the bargain hunters are now out in force. Would be sellers I think are mostly holding on.

And it depends on what you want. Yes, run of the mill Soccer-Mom cars have moved with the market, but desirable cars seem to be holding up.
__________________
2024
Time to Make the Hippies Cry Again
Crazy Dazz is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 11-08-2020, 03:38 PM   #7
Blue Dog
FF.Com.Au Hardcore
 
Join Date: Aug 2009
Posts: 2,184
Default Re: Used car prices

Quote:
Originally Posted by Spammy View Post
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.
I'm sure the sellers will respond appropriately.
Blue Dog is offline   Reply With Quote Multi-Quote with this Post
Old 11-08-2020, 04:25 PM   #8
xxx000
FF.Com.Au Hardcore
 
Join Date: Aug 2007
Posts: 1,877
Default Re: Used car prices

Quote:
Originally Posted by Spammy View Post
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.
Is this going to be done via text message?
xxx000 is offline   Reply With Quote Multi-Quote with this Post
Old 11-08-2020, 05:03 PM   #9
FlipXW
FF.Com.Au Hardcore
 
Join Date: Feb 2007
Posts: 2,392
Default Re: Used car prices

Quote:
Originally Posted by Spammy View Post
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.
I would not so politely tell you where to go. Always get a couple of these types of offers when I sell cars. Never had to budge on my price more than $500 and always sell within a couple of weeks. Who knows someone might entertain it though.
Edit: I know times are tough no need to make it tougher for people and kick them while their down.

Last edited by FlipXW; 11-08-2020 at 05:16 PM.
FlipXW is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 11-08-2020, 05:40 PM   #10
Falcon SXR8
FF.Com.Au Hardcore
 
Falcon SXR8's Avatar
 
Join Date: Jul 2005
Posts: 1,190
Default Re: Used car prices

I had an bloke trying to low ball me by heaps when i was selling my falcon, all the while i had people offering me more money than it was advertised at. If you want to buy a car don't stuff a seller around playing games.
__________________
Had
EB XR8
AU XR8 220 (awsome car )
AU Fairmont
BA MK2 XR6 Turbo
Now
XDUB
Falcon SXR8 is offline   Reply With Quote Multi-Quote with this Post
3 users like this post:
Old 11-08-2020, 05:55 PM   #11
stock1991
Limited supply
 
stock1991's Avatar
 
Join Date: Jun 2017
Posts: 1,441
Default Re: Used car prices

buyers who just call and say..... "will you take heaps less?"

fu rather give it away free
stock1991 is offline   Reply With Quote Multi-Quote with this Post
3 users like this post:
Old 11-08-2020, 07:16 PM   #12
fiestaz
FF.Com.Au Hardcore
 
fiestaz's Avatar
 
Join Date: Nov 2009
Location: Sydney
Posts: 1,123
Default Re: Used car prices

Quote:
Originally Posted by Spammy View Post
Oh so you are one of those sellers "I know what I have, so no offers"

Well it is my money and they should be happy as I'm probably offering them $5k more than the dealer would as a trade in.
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. Atleast give them the opportunity to reject it over the phone before wasting their time.
__________________
2013 Focus ST
2019 Hyundai i30 Active.

A clean car brings a clean mind

Last edited by fiestaz; 11-08-2020 at 07:35 PM.
fiestaz is online now   Reply With Quote Multi-Quote with this Post
Old 11-08-2020, 07:29 PM   #13
FlipXW
FF.Com.Au Hardcore
 
Join Date: Feb 2007
Posts: 2,392
Default Re: Used car prices

A few years ago I was selling a car for $20000. A bloke messaged me saying will you take 14k to which I simply replied @^*% OFF. He then proceeded to tell me how it’s a piece of sht (why did he want to buy it then) and I’ll never get anywhere near what I’m asking. Anyway a bloke came and looked at it 2 days later and gave me $19600.
Only someone extremely desperate would drop thousands off their asking price unless they’re way overpriced to begin with.
FlipXW is offline   Reply With Quote Multi-Quote with this Post
5 users like this post:
Old 11-08-2020, 07:29 PM   #14
nstg8a
3..2..1..
 
nstg8a's Avatar
 
Join Date: Nov 2009
Location: Bellbird park
Posts: 7,222
Default Re: Used car prices

Quote:
Originally Posted by fiestaz View Post
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 there 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. Atleast give them the opportunity to reject it over the phone before wasting their time.

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
__________________
Quote:
Originally Posted by pottery beige View Post
Happy mcgadget meal orphan mcboofhead
nstg8a is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 11-08-2020, 07:30 PM   #15
Spammy
FF.Com.Au Hardcore
 
Join Date: Oct 2008
Posts: 1,094
Default Re: Used car prices

Quote:
Originally Posted by fiestaz View Post
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 there 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. Atleast give them the opportunity to reject it over the phone before wasting their time.
No sane person pays $23k for a used car advertised at $25k.
Spammy is offline   Reply With Quote Multi-Quote with this Post
Old 11-08-2020, 07:36 PM   #16
fiestaz
FF.Com.Au Hardcore
 
fiestaz's Avatar
 
Join Date: Nov 2009
Location: Sydney
Posts: 1,123
Default Re: Used car prices

Quote:
Originally Posted by Spammy View Post
No sane person pays $23k for a used car advertised at $25k.
Good luck with that.
__________________
2013 Focus ST
2019 Hyundai i30 Active.

A clean car brings a clean mind
fiestaz is online now   Reply With Quote Multi-Quote with this Post
3 users like this post:
Old 11-08-2020, 09:31 PM   #17
GasoLane
Former BTIKD
Donating Member2
 
GasoLane's Avatar
 
Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,233
Default Re: Used car prices

Quote:
Originally Posted by Spammy View Post
No sane person pays $23k for a used car advertised at $25k.
Playing the devil's advocate here but if you were selling a car for $30k would you take $23K?
__________________
Dying at your job is natures way of saying that you're in the wrong line of work.
GasoLane is offline   Reply With Quote Multi-Quote with this Post
Old 11-08-2020, 10:11 PM   #18
Spammy
FF.Com.Au Hardcore
 
Join Date: Oct 2008
Posts: 1,094
Default Re: Used car prices

Quote:
Originally Posted by GasoLane View Post
Playing the devil's advocate here but if you were selling a car for $30k would you take $23K?
Depends on circumstances, years ago I was transferred overseas on short notice and the company was footing all my relocation expenses. I sold my car for way less than it was worth because I really didn't care and I just wanted it gone and I was reimbursed for the lease payout difference.

As someone said before. You don't know unless you ask. I'm not rude when I make offers, I just state upfront that I'm a serious buyer with cash and I can deal right away.

For what it's worth I buy houses the same way and in uncertain economic times buyers are king.
Spammy is offline   Reply With Quote Multi-Quote with this Post
Old 11-08-2020, 11:14 PM   #19
nstg8a
3..2..1..
 
nstg8a's Avatar
 
Join Date: Nov 2009
Location: Bellbird park
Posts: 7,222
Default Re: Used car prices

My first offer is almost always quite a bit lower than I’m prepared to pay.

The same as a sellers asking price is usually much higher than what they will,actually expect.

I’ve looked at cars that would have been reasonably priced if they were as advertised, but many (way too many) sellers know sweet frick all about cars, and when you look deeper you find faults that can and will take thousands of the cars value.

Territorys are a perfect example.
The owner thinks it’s all good, just needs a ball,joint or a bush in the front end.

Decent look over reveals it needs everything.... ball joints bushes diff bushes etc etc. that territory almost halved in value.

If I look at a 20k car that needs 5k in repairs, then I’m gonna want it for less than 15k or I might as well just buy one for 20k with the work already done and save myself the runaround.
__________________
Quote:
Originally Posted by pottery beige View Post
Happy mcgadget meal orphan mcboofhead
nstg8a is offline   Reply With Quote Multi-Quote with this Post
Old 11-08-2020, 11:45 PM   #20
UTXR8
Regular Member
 
Join Date: Dec 2005
Location: victoria
Posts: 141
Default Re: Used car prices

Quote:
Originally Posted by Spammy View Post
Oh so you are one of those sellers "I know what I have, so no offers"

Well it is my money and they should be happy as I'm probably offering them $5k more than the dealer would as a trade in.
lowballing is completely different to 'no offers'....
UTXR8 is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 12-08-2020, 01:06 AM   #21
oldel
FF.Com.Au Hardcore
 
Join Date: Nov 2009
Location: Perth
Posts: 1,652
Default Re: Used car prices

Quote:
Originally Posted by nstg8a View Post
My first offer is almost always quite a bit lower than I’m prepared to pay.

The same as a sellers asking price is usually much higher than what they will,actually expect.
That's fair but to say you have (way less) cash, take it or leave it is just trying it on and probably wasting the sellers time. They will feel that the buyer thinks they're desperate, when it's the buyer that's desperate (to take advantage and get a bargain).

Negotiation is expected and if neither party feels that way then it's in bad faith so just move on. "Doesn't hurt to ask" is said by the same people that get annoyed when they realise they are not considered a serious buyer so their chances are 'hurt'.

Easier to try such a thing with housing due to larger costs that are ongoing, but it's not the same with a car. Hopefully the car in a private sale is not under finance and it's not like they're paying a mortgage they can't afford, rates are due, they are moving for work, going overseas etc. Not much chance of a desperate cars sale due to that these days!
It's the opposite, people are staying put, might be secure with jobkeeper, double dole or in what worked out to be a safe industry and they aren;t desperate to sell.

Last edited by oldel; 12-08-2020 at 01:18 AM.
oldel is offline   Reply With Quote Multi-Quote with this Post
Old 12-08-2020, 05:28 AM   #22
Big_Daz
FF.Com.Au Hardcore
 
Join Date: May 2009
Location: Brisbane (Southside)
Posts: 1,113
Default Re: Used car prices

Quote:
Originally Posted by nstg8a View Post
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
I've dealt with a few of these type when selling cars.. Had a bloke message me offering $19k on a car I had advertised for $30k (had Wifey's new car on order at the time and had been offered $26k trade in for context). I had a good laugh, told him thanks but no thanks and moved on... If a complete stranger wants to offer you insanely lowball money for your car its not a big deal... Just move on... People can get so touchy these days....
__________________
2008 FG XR6 Turbo ZF In Sensation - Gone, but not Forgotten....

Hers: 2020 (MY21) Kia Sorento GT-Line in Mineral Blue
Hers on Order: MY24 Ford Everest Platinum in Equinox Bronze
His Weekender: 2017 Commodore SSV Redline manual in Light My Fire Orange
His Daily: 2023 Hyundai Tuscon Elite N-Line in Crimson Red
Big_Daz is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 12-08-2020, 06:03 AM   #23
anobserver
Oppressive patriarch
 
anobserver's Avatar
 
Join Date: Aug 2016
Location: Brisbane
Posts: 664
Default Re: Used car prices

Quote:
Originally Posted by nstg8a View Post
My first offer is almost always quite a bit lower than I’m prepared to pay.

The same as a sellers asking price is usually much higher than what they will,actually expect.

I’ve looked at cars that would have been reasonably priced if they were as advertised, but many (way too many) sellers know sweet frick all about cars, and when you look deeper you find faults that can and will take thousands of the cars value.

Territorys are a perfect example.
The owner thinks it’s all good, just needs a ball,joint or a bush in the front end.

Decent look over reveals it needs everything.... ball joints bushes diff bushes etc etc. that territory almost halved in value.

If I look at a 20k car that needs 5k in repairs, then I’m gonna want it for less than 15k or I might as well just buy one for 20k with the work already done and save myself the runaround.
If the car is reasonably priced BEFORE essential repairs, and the seller wont budge on price, theyre being unreasonable and clearly dont want to sell yet.

Case in point, many years back looking at an xh ute needing brakework. An offer of the sellers price less estimated cost of work (by a mechanic) was flatly refused, so i walked.

Imho, the op is being ambitious, and if the car is newly listed, has buckleys chance.
__________________
.
Lamenting lost Australian manufacturing.

Ute tragic.
anobserver is online now   Reply With Quote Multi-Quote with this Post
Old 12-08-2020, 06:30 AM   #24
Polyal
Virtuous Bogan (TM)
Donating Member2
 
Polyal's Avatar
 
Join Date: Jan 2005
Location: TAS
Posts: 27,452
Default Re: Used car prices

Quote:
Originally Posted by FlipXW View Post
Only someone extremely desperate would drop thousands off their asking price unless they’re way overpriced to begin with.
To be fair to the OP, we are in desperate times and its only going to get worse.

The market is bizarre at the moment, so hold out for a couple of months once the economy tanks another 5-10%.

Ive been keeping an eye out for a 370Z, advertised at $20-23k and one at $19k that I offered $15k for and he is getting back to me tomorrow.

The difference is you need to be quick and you need to genuine.

I have never, ever, paid the advertising price. Typically at least 10% off, because if people are suggesting some dont add a little buffer so they have wriggle room then I suggest you are lying.

Depends on the car, some are advertised sharply others at the moment are dreaming. So many AU XR8's for $15k> when at the start of the year they would struggle to get $10k.

Once the Gov hand outs start to be pulled back then watch, this is the only reason things are not worse right now. There are always cycles of power over time (buyer vs seller) and we havent really gone through a period of economic instability before.

So before everyone jumps on the OP he was looking at discussing the current (unique) situation, not your morale compass on selling cars. Which by the way, is loose as buggery, its business.
__________________
  • 2023 Mitsubishi Triton
  • 2017 Mitsubishi Pajero Sport
  • 2003 CL7 Honda Accord Euro R (JDM)
  • 1973 ZF Ford Fairlane
Polyal is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 12-08-2020, 08:01 AM   #25
anobserver
Oppressive patriarch
 
anobserver's Avatar
 
Join Date: Aug 2016
Location: Brisbane
Posts: 664
Default Re: Used car prices

Quote:
Originally Posted by Polyal View Post
To be fair to the OP, we are in desperate times and its only going to get worse.

The market is bizarre at the moment, so hold out for a couple of months once the economy tanks another 5-10%.....

......Once the Gov hand outs start to be pulled back then watch, this is the only reason things are not worse right now. There are always cycles of power over time (buyer vs seller) and we havent really gone through a period of economic instability before....
I agree that we're in for tough times. What i've yet to see is people's mindsets change to match.

When that awful reality finally sets in there well might be more sellers than there are now. When people are forced to list their ppor and sell stuff like cars to make ends meet. We are nowhere near that yet. Here is what it might look like...

https://www.cnbc.com/2020/07/08/32-p...-payments.html

At that point I suspect the buyers might well disappear bar all but the most liquid.
__________________
.
Lamenting lost Australian manufacturing.

Ute tragic.

Last edited by anobserver; 12-08-2020 at 08:02 AM. Reason: Add link
anobserver is online now   Reply With Quote Multi-Quote with this Post
Old 12-08-2020, 08:02 AM   #26
au2000
AKA "the other bloke"
 
au2000's Avatar
 
Join Date: Jan 2008
Posts: 1,965
Default Re: Used car prices

As a seller tbh id rather get my low ball offers over the phone than have to physically waste my time pretending to be willing at my price then low ball me in person.
At the end of the day its a offer.. can say no thanks after all
__________________
Her's: 2000 AU II Fairmont Ghia 75th anniversary VCT meteorite & 2014 yaris - white
His Toy: 2012 fg II GT-E, emperor red
His: VS Ute 5 Litre 5 speed (povo pack)
His: 2012 FG II GS, Vanish
His: 2003 BA GT-P, Lightening Strike
Jnr: 2002 AU III Falcon XR6 ST, 5 speed Blueprint & 1978 XC Fairmont Neptune Blue

Previous:
1976 HX 50th Anniversary Kingswood
2014 FGX G6E Turbo
1980 XD Falcon GL
2003 BA Falcon XR6
1991 EB Falcon S
1989 EA Fairmont
1982 XE Fairmont
1968 XT Falcon
au2000 is offline   Reply With Quote Multi-Quote with this Post
5 users like this post:
Old 12-08-2020, 08:36 AM   #27
Polyal
Virtuous Bogan (TM)
Donating Member2
 
Polyal's Avatar
 
Join Date: Jan 2005
Location: TAS
Posts: 27,452
Default Re: Used car prices

Quote:
Originally Posted by au2000 View Post
As a seller tbh id rather get my low ball offers over the phone than have to physically waste my time pretending to be willing at my price then low ball me in person.
At the end of the day its a offer.. can say no thanks after all
Exactly. If its 50% down then thats one thing, but is there justification?

Hard to make a general observation for all sales but at the end of the day its just a question, your tone and how you approach it is key.
__________________
  • 2023 Mitsubishi Triton
  • 2017 Mitsubishi Pajero Sport
  • 2003 CL7 Honda Accord Euro R (JDM)
  • 1973 ZF Ford Fairlane
Polyal is offline   Reply With Quote Multi-Quote with this Post
Old 12-08-2020, 09:00 AM   #28
GT0132
FF.Com.Au Hardcore
 
GT0132's Avatar
 
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,781
Default Re: Used car prices

Quote:
Originally Posted by Spammy View Post
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.
Good luck with that...
__________________
2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW


NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE,
GT0132 is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 12-08-2020, 09:29 AM   #29
Dr Smith
FF.Com.Au Hardcore
 
Join Date: Aug 2005
Location: Melb.
Posts: 4,378
Default Re: Used car prices

Quote:
Originally Posted by Spammy View Post
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.
You might be failing to realise that a seller listing at $30K may actually be pricing their car exactly where the "real market" is positioned and not overpricing with some margin to negotiate $7K...And they may not be financially desperate.

I was offered a dealer $25-$28K trade-in on one of my 2.5 yo vehicles on a $47K brand new purchase.
Researching shows me second hand retail pricing is about $30K maybe $33K at best.
If I choose to sell privately I'm going to list at $30K and negotiate down to maybe $28K...if you say rang me and offered $23K cash I'd say good luck and call me when you're seriously interested in paying a fair price for an immaculate condition vehicle with less that 32Km. YMMV.
Dr Smith is offline   Reply With Quote Multi-Quote with this Post
5 users like this post:
Old 12-08-2020, 09:38 AM   #30
Smoke Pursuit
FF.Com.Au Hardcore
 
Join Date: Dec 2004
Posts: 22,967
Valued Contributor: For members whose non technical contributions are worthy of recognition. - Issue reason: DASH/bfiipursuit has been alot of help over the years I have frequented this forum, lots of thoughtful and informed posts, very much a valued contributor. 
Default Re: Used car prices

Lol you are a long way away from the goal post. Most people will negotiate 2 - 3k. Unless they have overpriced it to start with they still wont drop that sort of value.

Used cars are pretty hot at the moment, dealer stock is low due to Covid (a lot of dealers didn't buy during the first wave of covid and depleted their wholesale / used stock to low numbers). Also alot of people cashed their supers in and bought cars (believe it or not).

I had a car I was selling for 48k and sold it to a dealer for 44k last week. Not much margin in it for them and it was easier for me to move it on then deal with the current unknown, they contacted me off car sales.

If you have a look at collectable / specialized cars thee numbers have fallen dramatically which has pushed the prices up. I'm not sure why people are not selling their collectable cars at present? Anything with a Holden badge is sky high at the moment!
__________________
2022 RAM Laramie 5.7 V8 Here & awesome!
2023.50 Ranger Wildtrak 3.0 Premium Pack, 20 inch wheels.
2024 Everest Sport 3.0 V6 Touring Pack
Smoke Pursuit is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Reply

Thread Tools
Display Modes

Forum Jump


All times are GMT +11. The time now is 09:38 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Other than what is legally copyrighted by the respective owners, this site is copyright www.fordforums.com.au
Positive SSL