What is it with trade in's ?

[roddy1960]

G'day all ...I've had a Series ll AU Futura since 2003 and last year I bought a BA Fairmont Ghia as well...In recent months I've been exploring the possibility of buying a really tidy FG so I decided to try and trade the Fairmont..NUP...Got these replies.."Can't give them away "...." Can't re-sell it , will just sit there ".. yadda yadda yadda......Apparently no car yard is interested in a proper iconic Ford 4.0 litre anymore ..The closest I got was a $2000 minimum trade on a 2010 XR 6 with 91,000 kms on it for $13,990..My only hope is Gumtree or just sticking a for sale sign on it..Here's the thing though..It's in great order apart from a jammy CD stacker, goes like the clappers..mint silver colour with the factory Tow Pack , full leather , etc..AND NO CAR YARD WILL TRADE IT UNLESS I VIRTUALLY GIVE IT TO THEM...Good job it's such a nice car that if I keep it , it won't be hard to live with...Anybody else have similar trade in issues?..Cheers Rod..

[theBlake]

It's an old car. What they are telling you is they don't want it.
Go to the Redbook and see what that says about its trade in price.

[Windsor220]

Well its true. They dont want cars they cant sell. There are hundreds of used Falcons and Commodores around and they aren't all that popular anymore.

[Jess1992]

Most car yards don't want old cars that no one wants sitting around their yards collecting dust. I completely understand. Everyone thinks their own car is a Ferrari and worth more..

You should just keep it or get some money from a scrap metal place

[Russ]

I have sold several cars privately and have always got a fairly good price for them, I have allowed for that when allocating an amount I could afford on my next vehicle The dealers offer on your's is on the low side but still within the guidelines, if you want a reasonable price for it, present it well, put a sensible price on it, be honest about any minor issues, be prepared to negotiate a bit on price to cover the costs of any repairs needed and it should sell quickly

http://www.carsales.com.au/car-valua...ade=4294965738

[sprintman1]

Scrap it and sell the parts

[mechanic]

. "Anybody else have similar trade in issues?..Cheers Rod.."

Yes, every single person that wants to trade a car and it's been that way since my first year in the motor car game, 1966.
Used cars are now worth nearly what the value of the metal is in them. They're not worth that much because somebody has to get it to a crusher, melt it down and recycle it into something else.
If the car is as good as you say why not keep it as a daily driver, third party property insurance only, don't worry about expensive maintenance and drive it into the ground. That way you get maximum value.
Exactly what you're saying happened to me with my XC, we drove it till the doors nearly fell from rust.
One more point, the " really tidy FG" will be in the same position as Fairmont Ghia very very quickly.

[SYZ]

From RedBook...

BA Fairmont Ghia auto, 2003, 4L Trade-in: $1,600 - $3,200
BA Fairmont Ghia auto, 2003, 5.4L Trade-in: $2,100 - $3,700

[cro142]

Unfortunately, as a 13-year-old car, it is worth virtually nothing in the market.
The costs involved for a dealer to buy it, pay costs and re-sell it simply exceed the price he could get for it.
Even a private sale for this car would be only around $3K, as there are so many on the market, and their popularity is dropping fast, as it has for new Falcons.
This market low price is unrelated to how good a car it may be - I have owned a couple of BA/BF Ghias, and they are excellent cars - it is simply that the market does not want them.

The best value option is to keep it and get some more years out of it, eventually scrap it, and save your changeover dollars till later.

Don't feel too bad about your 13 yr old Ghia dropping from $50K to $3K - there is a mountain of 10 year old Merc's and BMW's out there which cost around $130-$150K, and now have no buyers at around $5K to $8K.

Cars have always been a shocking investment, and always will be.

[Stefan]

From a dealer point of view he gives you 2K for it, lucky if he sells it for 2.5K, and needs to now give a stat warranty on the car.

If it sits around risk of running out of rego, not worth the headache.

There comes a point when cars are worth nothing to dealers.

Not sure a BA 6 cyl can be described as ICONIC...

[xr6-FTW]

Originally Posted by cro142

Cars have always been a shocking investment, and always will be.

Not if your an owner of an original phase 3 xy gtho or anything else similar to it haha, nowadays you'd be laughing all the way to the bank in those things. You do have a significant point but, I don't know how i'd live with my self knowing you spent 50k and 10 years later your car is only worth 5-8 grand, lucky I am only young and yet to experience what it's going to feel like although I feel my bf xr6 will hit me in the next 2 years quite badly in price

[Sam_Boss260]

Take the $2000 minimum trade in.

[b2428]

I had a similar experience recently. Went to trade in my mondeo, just over 100000kms good nick apart from a bit of paint damage to the left side. Have only had the car 2 years, having paid nearly $20000. Trade in prices varied from $5000-7000. Now that might not seem to bad except that most valuations were on a $40000 price range ute. Funnily enough with finance or cash and lets say i sold the car privately for trade in price, the actually change over price would be better. This was because they were more willing to budge price wise on the car without trade. Last year i sold my Ba fairmont in average to good condition outside immaculate inside with rego and only 150000kms for just over a grand. And even then I was lucky.

[Blue Roo]

Originally Posted by Windsor220

Well its true. They dont want cars they cant sell. There are hundreds of used Falcons and Commodores around and they aren't all that popular anymore.

Ah yes. But once Ford Australia stops making cars at the end of the year. And starts to import them. I think you find people will prefer the older and reliable Aussie built cars, like the AU or the BA. These cars will become popular again and the prices will start to climb.

[naddis01]

How did that go for the Magna/380?

[Tassie f100]

Originally Posted by xr6-FTW

Not if your an owner of an original phase 3 xy gtho or anything else similar to it haha, nowadays you'd be laughing all the way to the bank in those things. You do have a significant point but, I don't know how i'd live with my self knowing you spent 50k and 10 years later your car is only worth 5-8 grand, lucky I am only young and yet to experience what it's going to feel like although I feel my bf xr6 will hit me in the next 2 years quite badly in price

Don't they reckon that money in bank deposits doubles every 7 years on average.If that is the case your $7500 ph3 would have to be worth about $400k now.Some really top examples probably are worth more but the average example would be lucky to get much more than $200k

[Blue Shadow]

Originally Posted by mechanic

. "Anybody else have similar trade in issues?..Cheers Rod.."

Yes, every single person that wants to trade a car and it's been that way since my first year in the motor car game, 1966.
Used cars are now worth nearly what the value of the metal is in them. They're not worth that much because somebody has to get it to a crusher, melt it down and recycle it into something else.
If the car is as good as you say why not keep it as a daily driver, third party property insurance only, don't worry about expensive maintenance and drive it into the ground. That way you get maximum value.
Exactly what you're saying happened to me with my XC, we drove it till the doors nearly fell from rust.
One more point, the " really tidy FG" will be in the same position as Fairmont Ghia very very quickly.

How true

[mechanic]

Originally Posted by Blue Roo

Ah yes. But once Ford Australia stops making cars at the end of the year. And starts to import them. I think you find people will prefer the older and reliable Aussie built cars, like the AU or the BA. These cars will become popular again and the prices will start to climb.

I agree with you to a point. I think motoring is changing because we don't seem to do the number of k's as we used to when the RWD 6 was the preferred long distance vehicle.
We used to service Falcons and Fairlanes that were still going strong at 400k and in daily use, now they're offering small cars for $20k to run around town, most of them will never get to 100,000klm.
I can fly to Brisbane from Cairns for $200 +or-. It costs that much for fuel in either my Verada or the RTV.
Maybe a limited number of people will stick to the old vehicles but unless it's a particularly exceptional model my impression is that the rice rockets are the future, fly and hire another rice rocket.
The exception is in the country towns where Falcons are very common, what those people do when Ford and GMH go I don't know.

[Express]

Originally Posted by Blue Roo

Ah yes. But once Ford Australia stops making cars at the end of the year. And starts to import them. I think you find people will prefer the older and reliable Aussie built cars, like the AU or the BA. These cars will become popular again and the prices will start to climb.

Most of the local cars will be worth nothing with a few of the desirable variants being popular with enthusiasts who make up a very small percentage of the buying public.

[commodorenutt]

Originally Posted by mechanic

The exception is in the country towns where Falcons are very common, what those people do when Ford and GMH go I don't know.

Hilux & Ranger dual cabs, and smaller soft-roaders like IX35, Rav4 etc - I'm already seeing the shift over the last 10 years in the country towns I visit.

[JC]

Originally Posted by Tassie f100

Don't they reckon that money in bank deposits doubles every 7 years on average.If that is the case your $7500 ph3 would have to be worth about $400k now.Some really top examples probably are worth more but the average example would be lucky to get much more than $200k

Maybe when interest rates were higher - but at the moment where you're lucky to get 3.5%, it would take 21 years compounding the interest to double your money. Which means the $4000 you would've paid for an XY in 1971, invested in the bank, would be worth $18k today. But of course there would be some years of higher rates over that time, so it might be worth $50k. The car is the better investment in this case, but that is an exception, not the rule.

[Tassie f100]

Originally Posted by JC

Maybe when interest rates were higher - but at the moment where you're lucky to get 3.5%, it would take 21 years compounding the interest to double your money. Which means the $4000 you would've paid for an XY in 1971, invested in the bank, would be worth $18k today. But of course there would be some years of higher rates over that time, so it might be worth $50k. The car is the better investment in this case, but that is an exception, not the rule.

Yeah I probably was a bit gererous in the interesr rates although 25-30 years ago we were paying up to 17-18% so if we average interest at maybe 7.5% our $7500 ph 3 HO would have to be worth somewhere around $200k today

[roddy1960]

G'day all....You're all right in the replies except maybe selling it for parts..It really does drive great. probably.not losing a massive lot to an FG to be honest at least in daily driving needs. My AU is the same and even at less than 200,000 kms for a 15 year old chariot and in good order throughout and super reliable and and and....She's essentially worthless...I did look up the Red book and Car sales estimates as you suggested and yes...as you say...maybe $2000 is a good trade in...That said , maybe my FG is a few years off yet until the AU or the BA goes to the big junkyard in the sky...One thing though on the FG XR6 , even the non turbo's , even 08 and 09's are selling around of 12-14 grand in the yards and seen a few private sales around 16 thousand bucks.. The real "appreciators" are the XR , XW, XY, XA ,XB and XC GT's ..AND a few desirables with an FPV or Tickford monniker...I even saw a plain old XB Falcon 500 advertised a few weeks back for $18,000 ...and bare shells are bringing 7-8 grand as resto projects here and there.. I wonder if one day our beat up old AU and BA's will pull those numbers..Interesting thought...Thanks for the replies all...Cheers Rod...

[devilcv8]

Originally Posted by Stefan

From a dealer point of view he gives you 2K for it, lucky if he sells it for 2.5K, and needs to now give a stat warranty on the car.

If it sits around risk of running out of rego, not worth the headache.

There comes a point when cars are worth nothing to dealers.

Not sure a BA 6 cyl can be described as ICONIC...

agree with everything except the stat warranty. More than 10 years old = no stat warranty

[GREGL]

The young ones who once bought a cheap runaround aka 3000-4000 bucks which was once the big six as the fist car is dead. Now it is a mazda/Toyota or similar. So the lower end market has dried up and as a consequence where a dealer had at least an option years ago to move a car quick for minimum profit to a glassy eyed and often one eyed first timer who thru family heritage would not be seen dead in a foreign car regardless of its condition.
Now the ******* of choice has 4 cylinders. EVERY family I know who has driving age kids chooses a 4 cylinder as the first car.
Bloody good cars for the money the Falcon at the moment, especially if offered with rego which may come to half the purchase price. Thinking about it there is your warranty! If it dies return plates and ring wrecker .

[SumoDog68]

Originally Posted by cro142

Unfortunately, as a 13-year-old car, it is worth virtually nothing in the market.
The costs involved for a dealer to buy it, pay costs and re-sell it simply exceed the price he could get for it.
Even a private sale for this car would be only around $3K, as there are so many on the market, and their popularity is dropping fast, as it has for new Falcons.
This market low price is unrelated to how good a car it may be - I have owned a couple of BA/BF Ghias, and they are excellent cars - it is simply that the market does not want them.

The best value option is to keep it and get some more years out of it, eventually scrap it, and save your changeover dollars till later.

Don't feel too bad about your 13 yr old Ghia dropping from $50K to $3K - there is a mountain of 10 year old Merc's and BMW's out there which cost around $130-$150K, and now have no buyers at around $5K to $8K.

Cars have always been a shocking investment, and always will be.

OP bought his BA Ghia last year so most likely didn't pay 50k for it. Some cars do better than others in resale values .

[Express]

Originally Posted by roddy1960

...I even saw a plain old XB Falcon 500 advertised a few weeks back for $18,000 ...and bare shells are bringing 7-8 grand as resto projects here and there.. I wonder if one day our beat up old AU and BA's will pull those numbers..Interesting thought...Thanks for the replies all...Cheers Rod...

Sure that price may look good when you compare it to the original RRP but what can you get for $18,000 in a new car these days, so in today’s terms they’re not worth that much.

Unless the car is in good nic or someone else has already done the work a resto job is going to cost.

So in real terms most old cars are worth very little unless they're the cream of the crop and the ordinary cars of today won’t fare any better than most of the cars from the 60's and 70's.

Most old cars exist because of enthusiasts who do it for love.

[roddy1960]

Originally Posted by SumoDog68

OP bought his BA Ghia last year so most likely didn't pay 50k for it. Some cars do better than others in resale values .

G'day...I paid just over $4000 for it..Have outlaid the following on it so far...1. New tailshaft centre bearing and cup and uni joint too with labour about $400 2. Number 6 cylinder coil pack...Fitted was $75...and recently bought an after market FM antenna as the in glass one is really hit and miss with reception...all up $40 including postage..Hope to fit this weekend..Runs a treat so I think I'll have it a while..Might try Gumtree or similar later on just to see if any interest at all...Cheers Rod..

[MercurySilver]

Take the 2 grand and run
I cant sell an xh with under 200 on the odo for a grand ffs

Youll forget all about it when its gone, its an au not an xc fairmont

[Trump]

Originally Posted by MercurySilver

Take the 2 grand and run
I cant sell an xh with under 200 on the odo for a grand ffs

Youll forget all about it when its gone, its an au not an xc fairmont

What this man said; unfortunately the market for early 2000's Falcons is dead from their perspective.