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  #1  
Old 23rd November 2019, 10:20 AM
sean sherry sean sherry is offline
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Lightbulb used car trade in values

A good rule of thumb is 10% after 10 years for any Car in reasonable condition. $8K offer for my C250 C Class top of the line with 80,000 ks. Friend Impressa cost $25,000 valued at $2,000. Works for most of them.
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Old 23rd November 2019, 01:52 PM
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Default Re: used car trade in values

The Hilux was $45k new, has 230,000k's. 10 years old next year.
Easy $17k in a private sale.
That's why I buy 'em.
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Old 23rd November 2019, 03:08 PM
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Default Re: used car trade in values

What would I get for this 3 tonne lump of iron, wood, aluminium and cow that lurks at the end of the garage?



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Old 23rd November 2019, 03:43 PM
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Default Re: used car trade in values

Swap for the Hilux, cash my way?
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Old 23rd November 2019, 04:11 PM
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Default Re: used car trade in values

Quote:
Originally Posted by abl567 View Post
Swap for the Hilux, cash my way?
On Sean's theory of residual value of 10% at the end of 10 years, I guess at the end of 54 years I would have to pay you …..
Maybe the theory does not always work?
Regards,
Brian
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Old 23rd November 2019, 04:57 PM
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Default Re: used car trade in values

I don't think it works as any valuation on a car one would wish to trade with a Dealer (for one of his cars) really depends on the Dealer and his Red Book valuation. I recently called in at a yard with a number of quite attractive vehicles in his yard. I had my Captiva parked in front of a store about fifteen metres away.

I said, after some discussions, why not have a look at my car - it's all there for you to see and evaluate, and give me a price on your $17K. Kia Sorento. Just not a 100% sure which car - for the purpose of this post, it is of no real consequence. The Captiva was, or is, in really nice condition, straight, nice paint, nice everything, and it was indeed ready for a fair valuation. On returning to him to ascertain his thoughts on my car, he was happy to tell me that, according to the Red Book, the car would be worth between $700.00 to $2000.00, depending on......? He was not really interested in even looking at the car, nor its condition. He knew it was a five seater (could or should have been seven) which would affect its trade in valuation and he was only interested in what the Red Book told him.

In my view, always best to advertise privately, preferably to "passing" motorists on main roads. Regards Styria.......unless, of course, you have something really super on your hands.
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Old 23rd November 2019, 05:54 PM
sean sherry sean sherry is offline
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Cool Re: used car trade in values

I think the truth of the matter is that Dealers don't want used cars when the average Punter can get into something new with all the bells and whistles, in the 18 to 25 K range with a 5-7 year warranty and very low borrowing costs. But not from them, go to a bank.
I recall a Used Car Dealer I know, telling me that he makes more money from kickbacks from Finance Companies and insurance Companies than from selling the Car.
Have I got a Deal for you !!!!!
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Old 23rd November 2019, 11:35 PM
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Default Re: used car trade in values

New car dealers donít want cars that are more than a few years old on their used cars lot.
Anything else will be sold to a wholesaler at Red Book value regardless of how well it was kept or looked after (give it take a few hundred dollars).
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Old 24th November 2019, 09:58 AM
sean sherry sean sherry is offline
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Question Re: used car trade in values

And what worth is a Camry Hybrid which needs a new Battery after 8-10 years ?
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Old 24th November 2019, 10:10 AM
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Default Re: used car trade in values

Quote:
Originally Posted by sean sherry View Post
And what worth is a Camry Hybrid which needs a new Battery after 8-10 years ?
Remanufactured batteries are available now at very reasonable prices:

http://www.hybridbatterysolution.com...ybrid-battery/
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  #11  
Old 24th November 2019, 10:31 AM
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Default Re: used car trade in values

The dealer I talked to only dealt in used cars. I appreciate that they don't want old used cars on their lot, so consequently one needs to look at alternatives - the private buyer. Mind you, the trade in problem also applies to new car dealers. We paid about twenty or twenty one for a Japanese manufactured Honda Jazz - a car that deserves and enjoys a much appreciated better than average reputation as far as quality and reliability are concerned.

After the car was about two years old (2015), I chanced to walk in at the Honda Dealer at Artarmon who were having a demo sale on certain models. I did not have the Jazz with me, so the Salesman could not assess the car personally. I gave him a very detailed description, and he was kind enough to suggest a trade in price of, wait for it, six grand - maybe, if you bring the car in on the weekend, we might be able to offer you a slightly better deal. So, prospective buyers, and prospective sellers, keep your wits about you. Regards Styria
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Old 24th November 2019, 02:49 PM
sean sherry sean sherry is offline
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Talking Re: used car trade in values

Sorry Michel, but so called remanufactured Batteries are Batteries that have had perhaps a few dud cells ( individual 1.2 Volt rechargeable Batteries ) replaced by seemily serviceable used one from another Battery Pack.
They are not remanufactured ..full stop. Just patched up with fingers crossed. Also maybe the merreid of contacts cleaned up of corrosion built up over the years. The individual Batteries in Toyotas are sourced from Panasonic and are not the run of the mill rechargeables from Bunnings. I don't know that Panasonic will supply there batteries to the general Trade.
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Old 24th November 2019, 04:04 PM
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Default Re: used car trade in values

How about a 10 year old Holden V8 in average condition?

How about any 10 year old hybrid car in above average condition, that needs a new battery?
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Old 24th November 2019, 05:08 PM
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Default Re: used car trade in values

An old car that requires a new engine is the same as an old hybrid that requires a new battery.
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Old 24th November 2019, 07:25 PM
sean sherry sean sherry is offline
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Talking Re: used car trade in values

Now we are down to the nitty gritty.. most old cars are of value only to Sims metal.
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