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

[T3rminator]

Originally Posted by Dr Terry

100% spot on !!



I'm not sure what happened in Victoria, but in NSW, the Govt, which had been treating taxi plate owners badly for years, abandoned them overnight & let the likes of Uber et al take over.



Dr Terry

I very nearly took a punt on a licence as an investment way back when they were 300 to 400k. What put me off was Vic gov introducing the pink taxi licenses out of no where with little to no consultation or compensation. That was a huge warning sign. Dodged a big bullet.

[roKWiz]

Imagine all the stone you could load in this and would have quarry cred.

1997 Hearse $16 500

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

[Citroënbender]

“Jim’s Funerals - Ask driver for free quote”

[roKWiz]

Originally Posted by Citroënbender

“Jim’s Funerals - Ask driver for free quote”

and receive a set of free wine glasses with everyone certified stiff.

[roKWiz]

Little bit more practical manual 2000 AU. trayback. 3 200.

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

[fordomatic]

I keep a close eye on prices. I’ve noticed that the market is flooded with regular km, regular condition enthusiast cars. The low km, pristine, collector examples are still fetching good money.

Yesterday I saw an FG 5th anniversary GT with 150km on it, presented well and was $35,000. A manual 302 BF GT with 80,000km for $30,0000 quick sale. I’ve noticed a trend of well priced cars to sell quickly. They do sell quickly but it shows people are needing cash quickly and want a no fuss sale.

There is AU to FG enthusiast cars that have high prices and been sitting for over 12 months on carsales.

[Franco Cozzo]

Originally Posted by FPV414

You're no expert on the taxi industry maybe do some research. Taxis were not a speculative asset, they were basically a blue chip / established investment, which were screwed over by digital disruption which started illegally. There were a lot of people who got absolutely smashed by this financially and there were even suicides (as mentioned in your linked article). If you don't know what you're talking about maybe don't offer the input. There are even members on this forum that were screwed out of their retirements because of rideshare.

I couldn't care less about speculative 'investments' on a government mandated monopoly, that the market moved away from the moment something else came around, nor do I care about the people who put it all on red and lost it all.

Ridesharing wouldn't have become so popular unless taxis weren't a complete joke, they dug their own grave and now they get to lie in it.

[FPV414]

Originally Posted by Franco Cozzo

I couldn't care less about speculative 'investments' on a government mandated monopoly, that the market moved away from the moment something else came around, nor do I care about the people who put it all on red and lost it all.

Sounds like you’re probably some bloke who missed a few chances in life and hated those that saw success from said missed opportunities, which makes you happy when people fail. Good on you, mate.

You’ve still got no idea. “Speculative” says it all.


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[FPV414]

Oh you added another paragraph to back yourself up a little more. Tell us more about what you knew about taxis (nothing).


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[Franco Cozzo]

Originally Posted by FPV414

Sounds like you’re probably some bloke who missed a few chances in life and hated those that saw success from said missed opportunities, which makes you happy when people fail. Good on you, mate.

You’ve still got no idea. “Speculative” says it all.


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I'm not wrong at all, what are those 'blue chip investments' worth now?

[FPV414]

Nothing. But the old boy bought a few in the mid 80s and cashed out before Uber as a total winner. Unlike yourself.


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[FPV414]

Here’s my Uncle with one c1985.


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[Franco Cozzo]

Originally Posted by FPV414

Nothing. But the old boy bought a few in the mid 80s and cashed out before Uber as a total winner. Unlike yourself.


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Cool story bro, happy for your old man

For your own benefit, here's the meaning of 'blue chip'

Blue chips represent financial stability, long-term growth, a strong track record, and even prestige. In fact, all the positive characteristics of being among the market’s top companies for some time.

When it goes from $500,000 in 2012 to being worthless when the industry was deregulated in 2017 that doesn't fit the definition of 'blue chip' to me.

[FPV414]

Originally Posted by Franco Cozzo

Cool story bro, happy for your old man

For your own benefit, here's the meaning of 'blue chip'



When it goes from $500,000 to being worthless, that doesn't fit the definition of 'blue chip' to me.

That’s why it’s called “digital disruption”, it’s disruptive. If we align the definition with what you are saying, nothing is blue chip - everything has the ability to have its value wiped. Ie, maybe there’s a “better” gold. No point arguing with an idiot as they say.


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[Franco Cozzo]

Originally Posted by FPV414

That’s why it’s called “digital disruption”, it’s disruptive. If we align the definition with what you are saying, nothing is blue chip - everything has the ability to have its value wiped. Ie, maybe there’s a “better” gold. No point arguing with an idiot as they say.


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No different from people who had Civic Video and Blockbuster franchises, what happened to them?

Except they didn't get compensation for what happened to them, the taxi licence holders should be thankful that they got some form of compensation.

The market moved on - it's not 'disruption' it's the market moved on to new offerings as they became available, the same as Foxtel/AUSTAR prior to the NBN coming along allowing access to things like streaming services.

Throw out as many insults as you want, I can tell I've struck a nerve - you've got better chance trying to convince a brick wall before you get me to change my views.

[GasoLane]

And I think we've gone far enough off topic so we'll stop there please.

[Dr Terry]

Originally Posted by Franco Cozzo

No different from people who had Civic Video and Blockbuster franchises, what happened to them?

Except they didn't get compensation for what happened to them, the taxi licence holders should be thankful that they got some form of compensation.

The market moved on - it's not 'disruption' it's the market moved on to new offerings as they became available, the same as Foxtel/AUSTAR prior to the NBN coming along allowing access to things like streaming services.

Throw out as many insults as you want, I can tell I've struck a nerve - you've got better chance trying to convince a brick wall before you get me to change my views.

Not quite the same though Franco. Civic, Blockbuster & Foxtel are free enterprise businesses.

The taxi industry was saddled with horrendous govt regulation & fees for years & treated like a cash cow, then dropped like a hot potato when Uber came to town.

Dr Terry

[DTFRMONT]

Manheim in Melbourne have re-started in-person auctions after nearly 3 1/2 years.

I went along on Wendesday, was interesting.

Anything Toyota is still getting silly money.

However, some of the Thailand specials seem to have dropped in price, Colorados & Tritons were going for around $15K up, Territorys are still getting stong money, what looked like an ex-Ambo MICA Territory (2015), with some side damage couldn't get a start at $15K.

They had a few outbacks, most were going for around the 20K mark, got myself a 2018 Outback Premium, with 190ks, but ex-govenment with books for just under $15K on referral.

A couple of AU3 wagons that were donations, couldn't get bids, even at $300!

Not a huge amount of cheaper cars yet, will be interesting to see what happens in the next few months.

[smoo]

https://www.carsales.com.au/cars/det...AG-AD-21648721

[Franco Cozzo]

Originally Posted by Dr Terry

Not quite the same though Franco. Civic, Blockbuster & Foxtel are free enterprise businesses.

The taxi industry was saddled with horrendous govt regulation & fees for years & treated like a cash cow, then dropped like a hot potato when Uber came to town.

Dr Terry

That same regulation framework artificially created the value of those plates for speculators - you can't have it both ways.

[GasoLane]

Can we get back on topic now instead of market speculation fishing expeditions.

[Sprintey]

Have noticed the 2nd handy early Jag XE asks are now starting with a '2' on the lower end: some in mid to lower '2's, as well. Prior to covid the first ones had just dropped under 30K, then the start point went up to high 30s, now depreciation curve is resuming as programmed.

[janddbone]

Yes, those Jags are looking great value.

[ozpacman]

Originally Posted by DTFRMONT

Manheim in Melbourne have re-started in-person auctions after nearly 3 1/2 years.

A couple of AU3 wagons that were donations, couldn't get bids, even at $300!

I'd have been all over those like a fat kid on a packet of Smarties!

[TICKFORD220]

Id put the fg turbo up there in terms of value for money in the covid climate of second hand cars,bang for buck is very high on my list,very reliable as a daily also if you dont factor in eating diff bushes and tyres....

[ToryMikey]

Originally Posted by fordomatic

I keep a close eye on prices. I’ve noticed that the market is flooded with regular km, regular condition enthusiast cars. The low km, pristine, collector examples are still fetching good money.

Yesterday I saw an FG 5th anniversary GT with 150km on it, presented well and was $35,000. A manual 302 BF GT with 80,000km for $30,0000 quick sale. I’ve noticed a trend of well priced cars to sell quickly. They do sell quickly but it shows people are needing cash quickly and want a no fuss sale.

There is AU to FG enthusiast cars that have high prices and been sitting for over 12 months on carsales.

Is that $45k blue XH2 XR8 still on there?

[DFB FGXR6]

Originally Posted by ToryMikey

Is that $45k blue XH2 XR8 still on there?

That was the dark blue one? I can't find it, but this one is asking $45K as well...........

https://www.carsales.com.au/cars/det...14563535/?Cr=1

Geepers, asking prices for XH Falcon Ute's are getting up there..........

https://www.carsales.com.au/cars/det...14042708/?Cr=8
https://www.carsales.com.au/cars/det...14996765/?Cr=9
https://www.carsales.com.au/cars/det...4400391/?Cr=14

[dmat2391]

tickford220 . The diff bushes no longer became a problem for me, when I replaced them with aftermarket bushes that fit the spec. Ford wanted a softer ride with the power. It never was going to work in the long run. Changed under warranty and then replaced with proper bushes... those bushes are now hitting 150000 km no knocks since the last change.

Unmodified FG II manual turbo with 220000km for reference .....ROCK SOLID platform. (The NA versions were taxis for a reason). The tyres, however, are on the driver, in my experience 8D

[DJM83]

Originally Posted by DFB FGXR6

That was the dark blue one? I can't find it, but this one is asking $45K as well...........

https://www.carsales.com.au/cars/det...14563535/?Cr=1

Seen that, wonder if it comes with the original parts. Looks horrible IMO.

[DFB FGXR6]

Not sure this would be considered "good value", but it sure is tempting.........

https://www.lorbek.com.au/stock/deta...-prestige-cars

The best ever inline 6, red leather interior, the sound, the styling.............if this example was blue or red, I would consider jumping on this while I wait for the S650 Mustang to arrive. Buy it, enjoy for 12 months and then trade it on the S650.