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Old 12-07-2001, 17:37   #1 (permalink)
 
Join Date: Feb 2001
Location: Rocklyn
Posts: 7,750
mad Why bother?

1998 FORD FALCON XR8 AU

Body: 4 Dr Sedan
Transmission: 5 Spd Manual
Engine Capacity: 4942
Production Start: 09/01/1998
Recommended Retail Price: $46490


Trade In Price $23000 - $26500
Private Sale $25700 - $28400
KM's travelled (x1,000) 75 - 95

I wasn't going to do this but it has got the better of me.

Ok my car from new had the 17' adding $2000
Bodykit can't remember but it was close to $2000
Momo Wheel about $650

Brings the price to around $51ooo

It has 37000 km on the clock.
and the following improvements

Window tint Value $400
Herrod motorsport leather interior $3500
Lowered suspension $500
Twin 2.5 system $800
Premium Brake system $3000


Has had body work like series 2 front and wheels but I am not countin them.

Unmarked paint and interior

Now my question is what would you say a fair price for the car would be?

Now before we get into a modifiaction debate firstly ignore the mods and then give a second opinion on what they should be worth if anything?
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Old 12-07-2001, 17:46   #2 (permalink)
Rail Rider
 
Join Date: Jun 2001
Location: Cowra, NSW
Posts: 1,248
I think you have done you money in on the mods...it is still a 1998 XR8.

I say 30K tops.
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Old 12-07-2001, 17:52   #3 (permalink)
 
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Quote:
Originally posted by AlbertM
I think you have done you money in on the mods...it is still a 1998 XR8.

I say 30K tops.
Ok thankyou
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Old 12-07-2001, 18:22   #4 (permalink)
 
Join Date: Sep 2001
Location: Sydney, Oz
Age: 34
Posts: 2,631
considering you've done a few mods to it, i'd say up to $35K but not a cent more. falcons depreciate so quickly it's sad... :(

my car's not even worth $20K anymore! more like $17-18K which hurts every driver because to us the car's worth every cent we paid for it!
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Old 12-07-2001, 18:27   #5 (permalink)
 
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Quote:
Originally posted by adviliax mortus
considering you've done a few mods to it, i'd say up to $35K but not a cent more. falcons depreciate so quickly it's sad... :(

Yeah hense the thread name:sad:
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Old 12-07-2001, 18:58   #6 (permalink)
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Location: Newcastle
Posts: 2,279
Yeah i would have said a trade in price of $35K and the dealer would put it on the yard at $40k


Very sad indeed:dead: :dead:


I got a 10k change over on mine and the dealer had $43990 on new car. You know my old car, excellent condition etc......certainly not the same upgrades as yours. I was going to do the same as you, but it just seemed a waste of money. I would have had to spend close to $5K to do what i wanted, so i just cut my losses and traded up.......i must say transmission was my main reason though.

I have also purchased a lot cars through this dealer as well as getting them sales through friends.

Still think you have a fantastic car and ceratinly my favourite on FF, it is everything i wanted to do!!!
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Old 12-07-2001, 19:10   #7 (permalink)
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Location: AUS
Posts: 1,457
Yeah mate, sorry to say that trade would be anywhere between 28k to 35k (if your lucky). Then they'd sell it for high $30's.

It's a damn shame because your car is one brilliant AU XR8 (the best I've seen besides the ex-Pres and founder of the VIC XR club's red AU XR8).

BTW, the bodykit was 3 grand!!!! A fully optioned AU XR8 was low $50's PLUS on road costs!!!

These days you get a T3 TE50 for similar money!

Yep, I think ALL of us AUI owners overpaid.

But I still love 'em!!!!
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Old 12-07-2001, 22:50   #8 (permalink)
 
Join Date: Feb 2001
Location: Rocklyn
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Don't get me wrong. I understand the situation.

Perhaps if it I put it this way. How much money would be reasonable for a dealer to make?

There is the margin that is built into the new car plus what ever the dealer can make on a trade. So what would be a fair price or amount that the dealer could be expected to make.


In the space of 3 years the money lost is about the cost of another new forte. Plain madness when you stop and think about it.
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Old 12-07-2001, 22:52   #9 (permalink)
 
Join Date: Feb 2001
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Quote:
Originally posted by HP Dude
Yeah mate, sorry to say that trade would be anywhere between 28k to 35k (if your lucky). Then they'd sell it for high $30's.

Both you and Rob have said the same thing and you are extremely close. In saying that it means that the dealers are making close to $4to 5k just on a trade not allowing for any margin built into a new car..
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Old 12-07-2001, 23:13   #10 (permalink)
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Trade In around $28k, Dealer on sells for around 34-38k
I really hate depreciation...
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