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The Pub For General Automotive Related Talk |
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#1 | ||
tryhard
Join Date: Mar 2008
Location: Melbourne
Posts: 162
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I have been scanning carsales, fee bay, trading post etc & it surprises me how much the older stuff is selling for.
I can understand collectible cars that have a racing history like GT's, Monaros etc but do the old XM utes really sell for $28K?? 1964 FORD FALCON UTE XM DELUXE UTE $28,000 (on carsales and it looks beautiful I might add) I can understand that the owners have dropped bundles into these cars but are they really selling for the asking prices or do they just sit there on the net for ages and not sell (or sell for greatly reduced)? Please dont think I am knocking these cars or owners I am just surprised at the amounts asked and wonder if any forum dwellers have had experience in selling /buying these classics and the actual prices being realised.
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SZ Titanium AWD in Dark Blue. Family bus. Loving it...except FG XR6T white, leather, tint. Gone. I loved its brash whooshness... FG egas ute. The work tart. Palmed off to one of the lads. Gone now. SAAB 9-5 Aero with chip, exhaust, bilsteins, brake upgrade. Sneaky quick, quiet, comfortable goodness. Now the nanny bus. Gone. MK1 Escort (sitting in a shed with piles of nice bits collecting dust). 05 Vito 115 (also with Bilsteins, H&R springs and a tune....). Gone. Now in a T6 4 Motion. |
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#2 | ||
FF.Com.Au Hardcore
Join Date: Jan 2009
Location: Adelaide
Posts: 808
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there is a guy i work with that scours the ads australia wide. because mainstream obvious classics such as the GT-HO, GTR, GTS, E49 etc are out of reach now, he looks for stuff, such as the ute mentioned, very low numbers, something that because of its rarity, may make such high asking price justifyable....to a sucker.
i have known him since 2004, and he is doing a roaring trade. he will track down a car he wants, put notes on windscreens of 'classic' cars that he may see parked at supermarket etc...then make a rock bottom offer to soemone who is genuinly honest, then flog it off to whatever sucker he can find. he will hang onto it for months, even years until that sucker is found. i haev seen his back yard, its full of 'classic's.
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BMW 125I Kia Seltos Suzuki SV650 FG XR6 (son) |
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#3 | ||
From the Futura
Join Date: Mar 2007
Location: Canberra, Australia
Posts: 569
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Look at the cost now to restore a car. That is going to set the cost of a nominally very nice car, I'd say around 40K currently. For a decent classic of any type that doesn't require restoration, about 10K is probably the minimum reasonable. Anything in between and beyond is going to depend on originality, condition, rarity and desirability.
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#4 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,557
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So is the question about classic in general or the XM?
The XM..id so no. No XM is worth $28k unless its a minter coupe...IMO. I look at sites and magazines too much and IMO classic in general have slowed down. The really good ones still fetch good money but they seem to take longer to move. Have a look at all the replica GT's now, they are going for much less than they were not to long ago. I wouldn't say its a down turn, but its not going up in a hurry either.
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#5 | ||
65 Galaxie Hardtop
Join Date: Dec 2004
Location: Brisbane QLD
Posts: 3,751
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Remember that what a car is advertised for is not necessarily what it sells for. We've all seen cars for sale with high sticker prices, and they end up sold... but you never know what it actually sold FOR.
I recently saw a '65 Galaxie convertible for sale for $45,000. Only an idiot would pay that much for one unless it was basically brand spanking new. It'll probably sell, though, if the owner can be convinced that a car is only as valuable as what someone is willing to pay.
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Red on red 65 Galaxie 390FE C6 9" ![]() |
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#6 | |||
3..2..1..
Join Date: Nov 2009
Location: Bellbird park
Posts: 7,218
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Quote:
il be shopping myself in about 4 months, i already have one possible lined up, but it would be foolish to not keep looking while i wait for my bank balance to recover. |
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#7 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,557
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I wouldn't rush, I think prices will even come down a bit further aswell. If rates continue to go up people often have leveraged their classics aswell and things get tight.
Im buying in December, so no rush, but its interesting to watch.
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#8 | ||
FF.Com.Au Hardcore
Join Date: Feb 2008
Posts: 2,312
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the GFC has scared away a lot of 'investors' and most buyers are probably genuine enthusiasts.
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My ride: 2007 Falcon Ute BF XR8 Orange, MTO. |
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#9 | |||
3..2..1..
Join Date: Nov 2009
Location: Bellbird park
Posts: 7,218
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Quote:
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#10 | ||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
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Quite often what one wants and what one gets are quite different.
Yes a lot of people stick their cars on carsales.com and just let them sit hoping for top dollar. There's Cobras still on carsales.com after nearly 3 years still wanting 75-80k
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#11 | ||
Awesome
Join Date: Oct 2007
Location: In my own little world..Everyone here knows me :)
Posts: 9,401
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Is my 1994 Ford Festiva a classic yet??
Maybe not a classic. Might advertise it as "Rare". It is still drivable! ![]()
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#12 | ||
Regular Member
Join Date: Sep 2005
Posts: 254
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I give a lot of credit to the guys who had their classics for many years and didn't dump on it and cash in when the investors all hit the market.
I remember back in '07 I owned a very original VK Group A Brock Commodore, I was offered $125K for it by a muscle car dealer!!! I was tempted, but I loved the car and my missus insisted that I NOT sell as I had a passion for the car. To put it into context, 2 years later I did sell to buy another car I wanted (another Ford) and I moved it for ......$65K!!! It was a bargain. Still don't regret it, as my passion has never been motivated by money. I'm glad the classics have dropped in $$$, means we can all enjoy more of em! cheers, Dave. |
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#13 | ||
FF.Com.Au Hardcore
Join Date: Sep 2008
Posts: 671
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now that were over the great muscle car swindle things have settled down alot.i have many classic because i love them and have owned them for many years,sure i have sold plenty but i have always had a quite a few.
honestly i think its a great time to buy and maybe its going to get better for buyers im not sure but if you want a nice classic there are some pretty good buys out there at the moment. |
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#14 | ||
71Mach1
Join Date: Feb 2007
Location: Melb
Posts: 465
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People are predicting another full 1% rate rise this year...
I'd be buying towards the end of the year ... As far as car prices go, if one person tells you it's a donkey, tell him to shove off, if 10 people tell you it's a donkey, you better go buy a saddle...
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roses are #FF0000 violets are #0000FF all my base are belong to you |
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#15 | ||
FF.Com.Au Hardcore
Join Date: Sep 2009
Posts: 2,527
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Classic car prices ???
I sold a complete and drivable XP ute last year for 4K Had it 2 or so years (payed less) It was a classic ,neat little combo Bloke drove it hours home trouble free (yep no trailer sailer there) Maybe i shoulda held onto it ??? I find more moves outside of evilbay,carsales ect Pumped up prices How many times do cars get relisted on evilbay lately |
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