What is it with trade in's ?

[MercurySilver]

If we all sat here worrying over cars that weve sold for bugger all the place would flood in tears
Stick it on privately for 3 for a fortnight and see what happens maybe?
No bites, take the trade in and enjoy the newer car

[ebv8]

if its a good car why trade it on the FG XR6, the FG will be worth $2k in a few years anyway
change over price is $11k then in 5 years you have lost all that money
keep the BA Ghia and it 5 years you might have had to do a few things to keep it reliable like trans, a/c repairs and switches (like all my fords) and you are still in front and it would still be worth $2k in 5 years time

[buggo]

Originally Posted by ebv8

if its a good car why trade it on the FG XR6, the FG will be worth $2k in a few years anyway
change over price is $11k then in 5 years you have lost all that money
keep the BA Ghia and it 5 years you might have had to do a few things to keep it reliable like trans, a/c repairs and switches (like all my fords) and you are still in front and it would still be worth $2k in 5 years time

Yeah pretty much this. There's a gap in price between the two cars at the moment but each year it'll be less and less.
Lets say in 5 year the FG is worth $2k after you got it for an $11k change over. That's $9k lost over 260 weeks, which is $34.60 every week for the next 5 years.

It's up to you if that extra $35 a week is worth having the FG over the BA. If it is then go trade the old girl in. If not, enjoy the Ghia.

[GO FURTHER]

Originally Posted by buggo

Yeah pretty much this. There's a gap in price between the two cars at the moment but each year it'll be less and less.
Lets say in 5 year the FG is worth $2k after you got it for an $11k change over. That's $9k lost over 260 weeks, which is $34.60 every week for the next 5 years.

It's up to you if that extra $35 a week is worth having the FG over the BA. If it is then go trade the old girl in. If not, enjoy the Ghia.

$34.60 a week I wish ... That's nothing, my brand new August build 2014 FG MKII XR6 Turbo in mint condition which I bought then for $39,000 is worth just $20,000 as a trade in going by RedBook .... So in 18 months, its lost $19,000 which equates to $243 per week of ownership!

I think there are many many forum users here that just don't realize how quickly even performance Falcons are depreciating and have elusions as to what their pride and joy is really worth!

So to all those who want to "mothball" their FG - FGX muscle variant and cash in on it in 20 - 30 years.... Keep dreaming!... Just drive it everyday... And put a smile on your face each day and enjoy life!

[Tassie f100]

Originally Posted by BAXRSIX

$34.60 a week I wish ... That's nothing, my brand new August build 2014 FG MKII XR6 Turbo in mint condition which I bought then for $39,000 is worth just $20,000 as a trade in going by RedBook .... So in 18 months, its lost $19,000 which equates to $243 per week of ownership!

I think there are many many forum users here that just don't realize how quickly even performance Falcons are depreciating and have elusions as to what their pride and joy is really worth!

So to all those who want to "mothball" their FG - FGX muscle variant and cash in on it in 20 - 30 years.... Keep dreaming!

Plus insurance,registration.tyres ,servicing etc probably means $300 wk

[Blue Shadow]

Originally Posted by Tassie f100

Plus insurance,registration.tyres ,servicing etc probably means $300 wk

You cant count thats running cost nothing to do with the value of the car

[NX74205]

Originally Posted by BAXRSIX

I think there are many many forum users here that just don't realize how quickly even performance Falcons are depreciating and have elusions as to what their pride and joy is really worth!

To be fair, I think most of us are guilty of overvaluing our cars. As a fellow B-series owner along with the OP, I was quite shocked at what the trade-in value for the OP's BA Ghia is. I would've thought it'd be quite a bit higher (somewhere in the vicinity of $3,000 to $3,500, especially being the top of the range Ghia that runs well).

But this just adds weight to my case for keeping my BF (despite pressure to sell it) - there's no way I'd be able to get what I really want for it in the market.

[Sprintey]

Interesting stuff, seems a market a long term buyer who loves the product could do quite well in. For Eg best low k late BF XR6 utes I can see advertise in the 14-16 range, but I bet there's a whole lot, a lot cheaper (redbook says 5,600 to 7,500 trade in)

[Tassie f100]

Well I don't know about the rest of Aust re trade in prices but here in Tas all Ford dealerships are owned by 2 companies and there is only 1 Holden dealer.This means that we can't just drive a couple of suburbs away to get a bit of a comparison.We can travel to Melb but even if the deal is better we have the cost of getting vehicles across the most expensive shipping lane in the world

[Blue Shadow]

Originally Posted by Tassie f100

Well I don't know about the rest of Aust re trade in prices but here in Tas all Ford dealerships are owned by 2 companies and there is only 1 Holden dealer.This means that we can't just drive a couple of suburbs away to get a bit of a comparison.We can travel to Melb but even if the deal is better we have the cost of getting vehicles across the most expensive shipping lane in the world

What does it cost to get the boat from Tas to Vic?

[Tassie f100]

You can't just get the car put on the ship.The cheapest generally is about $120 for yourself in a recliner seat plus about$90 for the car?If you want a cabin prices are about$200 in a 4 person shared cabin up to $400 if you want a cabin by yourself.

[Blue Shadow]

Originally Posted by Tassie f100

You can't just get the car put on the ship.The cheapest generally is about $120 for yourself in a recliner seat plus about$90 for the car?If you want a cabin prices are about$200 in a 4 person shared cabin up to $400 if you want a cabin by yourself.

It all adds up doesn't it, then theres the return, how long is the trip one way

[Tassie f100]

You have to be there at least an hour before,then an 11 hour trip plus probably an hour to get off and through security.But bloody hell once you are on this side of the strait you are in a great place,great scenery best fresh food in the world and generally a pretty friendly bunch of people

[Blue Shadow]

Originally Posted by Tassie f100

You have to be there at least an hour before,then an 11 hour trip plus probably an hour to get off and through security.But bloody hell once you are on this side of the strait you are in a great place,great scenery best fresh food in the world and generally a pretty friendly bunch of people

Yeah been there a few times, flew though , i love the place. However it does add up when you are trying to do a deal in Vic. I feel for you

[mechanic]

Originally Posted by Tassie f100

You have to be there at least an hour before,then an 11 hour trip plus probably an hour to get off and through security.But bloody hell once you are on this side of the strait you are in a great place,great scenery best fresh food in the world and generally a pretty friendly bunch of people

Did the Tassie ferry trip last year, excellent. Agree totally with your comment re Tasmania and after this summer here in Cairns I wish I'd stayed there.
We have good seafood here in FNQ but the oysters and seafood at the little fish shop at the Gulch at Bicheno are equal to if not better than anything I've had here.
Loved the whole ferry experience and can see why there's so many repeat visitors.

[barrys123]

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

What bank do you have your money, you obviously don't know the interest their offering today.

[Brazen]

I'm getting the new car itch, I think getting a trade in appraisal will be just what the doctor ordered as it may bring me back to reality!

Wonder where the new sweet spot is in keeping cars if you aren't going to run them into the ground. I almost think it's worth trading in around 60,000km as values seem to fall off a cliff once you get past that

[Blue Shadow]

Originally Posted by barrys123

What bank do you have your money, you obviously don't know the interest their offering today.

So let me get this straight, they do pay interest

[Tassie f100]

Originally Posted by barrys123

What bank do you have your money, you obviously don't know the interest their offering today.

I,m quoting rough figures over the last 45 years since ph3 HO,s were being bought new for about$7500.If you look at historical interest rates you will see they fluctuated from 7-8% up to 12-13% until the last 6-7 years

[SumoDog68]

Commodore or Falcon fleet specials lose 35 % as they drive of the showroom floor ( from new price to trade in price). Best performers after 3 years in retained values return around 75% and after 5 years around 60%. Lowest performers after 5 years are as low as 39%.

[EB#]

Back in 2008 I traded a 16 year old EB2 Fairmont (in pretty good shape) for $1000 on a BA XR6, which was after a "no thanks" from two yards. I felt like I did fine seeing as I bought the EB2 for $2000 at auction 4 years prior. The dealer immediately passed the EB2 to the "lower end car yard" next door and they listed it at $2000 . It sold within a few weeks, so they managed to make their $1k on the flip.

Now, 8 years down the track the car market is even more diverse and tougher than it has ever been. Long, long gone are the days of a weighted trade-in price on a new car. Dealers these days are looking to make money on anything, whether it's new or used or a trade. If a trade will not net a decent return or sell promptly, they won't even bother.

Note that I still have the BA XR6..... the longer I hang onto it, the more value for money it provides.

[Brazen]

Yep market changed. In the old days used cars competed against other used cars, now they compete against used cars AND new cars as new cars are so affordable and really good.

My last Commodore a SV6 wagon, I sold at end of lease at 55,000km and got really good money for it for a really good cost of ownership. My FGII ute with 130,000 km seem to lose more value going from 50,000km to 100,000km than it did from brand new to 50,000km.

[mechanic]

It's called consumerism.
We're constantly lectured about " growth ", there can't be growth without manufacturing figures increasing so it's better to have 10 people buying 10 new cars rather than 5 buying new cars and the other 5 using the SH vehicles. We're now caught in a vicious cycle of recycling anything older than about 5 years.
Seems to me as though prices and costs and value and quality of items is irrelevant, just use it, buy a new one and repeat.

[barrys123]

I've got BF RTV, it's immaculate only 136,000 klms canopy, and heaps of extras, to me it' unreplaceable to a dealer I would only get $3,000 on another vehicle jacked up by a similar amount, so am just going to hang on to it as there is really nothing out there that I want.

[Olbucko]

I was offered only $2500 trade in for my SY AWD Ghia, (it does have 270K on the clock), by a Ford dealer on a new FGX XR6, so I'm giving it to my Son instead who might benefit from care I have taken of it over the last 9 years. He was far more interested in my XM Futura, but he's not getting that!

[Trump]

Originally Posted by mechanic

It's called consumerism.
We're constantly lectured about " growth ", there can't be growth without manufacturing figures increasing so it's better to have 10 people buying 10 new cars rather than 5 buying new cars and the other 5 using the SH vehicles. We're now caught in a vicious cycle of recycling anything older than about 5 years.
Seems to me as though prices and costs and value and quality of items is irrelevant, just use it, buy a new one and repeat.

This needs to be re-quoted for truth.

[Brazen]

Yes it's a bit crazy.

I remember in the 90s everyone saying it's crazy trading in cars every 3-4 years. But with the seismic change in the market, it's almost a false economy keeping cars any longer nowadays.

In hindsight should of looked at trading the ute on a newer one at 50,000km as I don't think I would if been worse off by keeping the current one as cars seem to be worth nothing once they start to head to 100k km.

Thing is it's not a good thing for the world to have everyone buying new things all the time.

Or maybe next time get a auto diesel 4x4 dual cab which keep their value nearly forever

[kaniSS]

You won't like hearing this but other than us fans no one wants an old BA or AU.

[Sprintey]

That's cool, I like the contrarian trades.

[Sprintey]

Originally Posted by Brazen

I'm getting the new car itch, I think getting a trade in appraisal will be just what the doctor ordered as it may bring me back to reality!

Hmmm, getting the car itch as well. Off topic: Instead of new, it has been interesting to look through cars 2002-10 or so, and see which have 'aged' the best. Today I noted clean AU2 interior has stood the test of time, the VY-VZ interior feels more premium than most BA-F and VE-VE2 in the yards, and FG seems a quantum leap on predecessor.

Drivetrain wise, the Ford 6 and ZF seems a pretty sweet spot from this era (milkshake notwithstanding), either turbo or NA. VY iron block is much preferred to the later alloy 6's.
Late BF seems to be a good time too, as more leathers/leather wheel/better body kits/limited edition runs were thrown in. Some leathers have not aged as well as the cloth trim. The late BF leather wheel, shared in our Territory, looks new in a lot of cases. The FG Anniversary models have a great interior too.

On consumerism: it seems we are in an era of deflation and overcapacity. I did note quite a few extinct yards today. These kind of conditions always swing, and one day scarcity (of product) will rule again.