cars losing value

[olly]

reading aaron's thread in his members ride got me curious.. no intention to offend him in anyway but was wondering which would lose more value when you end up selling? i know which ever way you WILL lose money in the end but you cant avoid that..

i personally think the best way to keep value of the car is the to keep it stock. people like buying stock cars. i guess it comes with the security that nothing has been touched and it's still in its factory form which i agree on.

i guess in the end, you shouldn't worry on how much money you will lose/gain in the end, but more so enjoying the car as you own it.. or else none of us would be modding our cars!

 

[EVO-00X]

Money's just money in the end. Cars will lose value over time until they start to gain value again due to being rare and/or collectors cars :lol: I What astounds me is the price of EVO 6's and 7's these days.... you'd be pissed off if you paid full price for one years ago - even the GTO!!! It's rediculous how cheap they are now. BUT in saying that, I believe the CC Lancer GSR/EVO 1-3 is stil lthe most popular and loved out the bunch and will always be so :wink:

 

[EVOLANCER]

i'm sorry if ppl taken this the wrong way... i am not saying gsr's r shit or anything... i love gsr's n i wish they were still worth what i payed for mine $17,000! they only reson i got rid or mine was the fact i blew so much money into it doing up a 1.8L $5000+ on that motor... it didnt get me the power i wanted... i test drove a few evo's... n mate, a evo to a gsr blew my mind over, i just had to get one... i had been looking at evo 3's as i love them so much... they all wanted $20,000 ++++ its just money i didnt have.... now the only reson why i sold my lancer was i found a evo2 4 sale for DIRT cheap i then sold my gsr, n it was like doing a swop of cars, i never payed any extra... only the transfure really... n i thought to myself... instead of spending another $5000 on evo 3 half cut to put in the gsr i might as well buy a evo 2 thats original n had all the work already done... now all i have to do is add a evo 3 kit, n paint it black, n the car will be perfect to me in every way...

if i had not built up a 1.8L n had bought a evo motor i would still have had my gsr... but i relised it wasnt worth it in the end... i might as well had sold my lancer...

 

[bazeng]

my opinion
if its a rare car and its stock, then it'll be worth alot

if its prentiful, then modifed would be worth more. (if modded right)

if its highly modified, then i'd assume it'll be worth more also....

it really depends on who wants to buy it..
its quite hard to measure

 

[CLuTZ]

The fact that E7's, 8's, VR4 legnums etc are able to be imported these days has driven the prices down for the older cars.

If there were no imports at all then the prices would hold steady, but certainly in the last 2 years the prices have tumbled.

I feel sorry for the guys that paid $60K+ for A-spec EVO 8's- 3 years later they're almost half price.

Your right about GSR's though, I sold mine for $6700- peanuts really......

This thread should be in general discussion!

 

[doommachine]

Hmm... I reckon tharaka is only partially right on the value of highly modded cars... theres some kind of formula, like every 10k you spend on mods adds 1.5k to the value... seriously look at highly modded cars on carsales (skylines, GTiRs, supras etc) , anything where people are asking twice the regular price has 20-30k of mods in it... plus to support ollys theory, no one buys them...

Probably because they need to be inspected at some point... I was reading the rego papers of my VR4 the other day, and it says something like upon renewal of registration, this car will require inspection... dunno if this is a normal NSW thing but it certainly explains why the value of modded cars is so low interstate.. yet SA rego'd modded cars are expensive. (once it's registered, it's registered)

Interesting case, I saw a 300zx with interstate rego on carsales, nice paint, nice bodykit, nice custom interior, rollcage, bigger turbos, suspension, you name it.. only 11k! But.. the guy obviously knew that getting it registered would require an inspection, and I bet he bought it interstate and it isn't currently reg'd in his own name...

So I guess the most financially smart conclusion is to buy the car you want, modify it all you want, and hold on to it. If the engine gets a bit tired, it's cheaper to rebuild it rather than sell the car. (look at all the R32's and GTiR's with blown gearboxes and motors selling for way less than normal price.. imagine what people are losing on those cars)

The other option is to play "dunger motoring", buy a car for 2k and drive it until it is screwed, then throw it away. Probably the cheapest option, but the least satisfying.

 

[AUSVR4]

I feel really sorry for Aus Delivered EVO 6 TME owners who paid 80k for their cars new, to see them selling for around the 40k mark today. You think you bought yourself a unique car and now their worth bugger all.

All because of changes to the imports of EVO 7's and 8's.

 

[Entaran]

Very few highly modded cars sell outside of the "forum" scene because frankly... if a car's highly modded, it's driven in the same style.

Excess stress on components leads to very very costly repairs (ask anyone with over 200kw @ wheels)

Mods in some cases actually lower the cost or the appeal of the car. I know when we go shopping for cars we basically throw away cars that have been modified past the very very basic stuff (exhaust, boost controller) because of the chances that it's either been badly maintained or badly treated or both.

We (at work) also practice "dunger motoring" in terms of the workhacks. Pick them up at auction for 1500 odd dollars (2k by the time it's all registered and so forth) and when the engine blows up, toss them to a wrecker for 600-800 and get another.

You can generally get abotu 50-80000 kms outta a 2k auction hack before it'll let go in a big way.

 

[EVO-00X]

I feel really sorry for Aus Delivered EVO 6 TME owners who paid 80k for their cars new, to see them selling for around the 40k mark today.

They are even less than $40k now, more like $30k It's a total disgrace! Great if you are in the market to purchase one, but up da shit if you want to sell one. I can see EVO 1-3 sit around the $20k mark, EVO 4 around $25k, EVO 5-6 at $30k and so on. I cant see the price of EVO 4's dropping to the same value as EVO 1-3's no way :?: What are your thoughts peoples? Will eventually the cost of EVO 1-3's drop to $10k if the market pushes EVO 4-6 prices down as the EVO 7-8 become cheaper still? There's some seriously fukd up value loss going on here - they're not Commodores FFS :lol:

 

[Entaran]

I think the e1-3 will stay solid because they are almost classics. They are also cult cars.

The e4, 6 and 6.5 will fall.

The 5 will stay solid

7/8/9 will drop through the floor when the 10 comes out.

 

[olly]

i agree what lorrie said..
e4's are rare but i still find them to be quite cheap.. there's one on another forums going for 22k and thats stock aswell..
as for the 7's, they are already going cheap due to imports.

 

[Dean]

stock cars are more appealing.
Once u mod a car... especially the engine, u lose the 'originality' aspect of it...some cars more than others.
Nothing beats factory......why do u think all gsr's are done up to look like evo's.....coz thats how factory done it...and it looks good. there are some xceptions i know but mostly thats what happens.
EVO 3's are the best...thats y their holding their values

 

[OFFON-4]

stock cars are more appealing.
Once u mod a car... especially the engine, u lose the 'originality' aspect of it...some cars more than others.
Nothing beats factory......why do u think all gsr's are done up to look like evo's.....coz thats how factory done it...and it looks good. there are some xceptions i know but mostly thats what happens.
EVO 3's are the best...thats y their holding their values

I thought modfying your car was a way of personalising it...
I know i wouldnt want my car to look the exact same as someone elses

 

[evopwr]

I think the e1-3 will stay solid because they are almost classics. They are also cult cars.

perfect example... ae86 sprinter :lol: that car is worth less than a 80's laser yet still sells for a strong $5000 for a stock 1.5L carbi, and >$10k for a modified one :shock:

 

[GSRSOL]

stock cars are more appealing.
Once u mod a car... especially the engine, u lose the 'originality' aspect of it...some cars more than others.
Nothing beats factory......why do u think all gsr's are done up to look like evo's.....coz thats how factory done it...and it looks good. there are some xceptions i know but mostly thats what happens.
EVO 3's are the best...thats y their holding their values

I thought modfying your car was a way of personalising it...
I know i wouldnt want my car to look the exact same as someone elses

Im with you on that one Dave....

I think another point that has been overlooked is the quality of the modifications on a car. Cars with crappy mods, and crappy workmanship are of course going to fetch a lesser price than what they probably would stock. If a car has been smartly modified however, it is very easy to get more money for it than if it were a stock car.

Thats why I reckon a golden rule for modding cars is steer clear of DISTASTEFULNESS :lol:

of course everyones opinion of distastefulness is completely different, which is why some people do better when it comes to selling up

 

[jase]

Well the plan was to sell my evo and buy a house but with an upcoming recession looming that seems like a not so smart option also...

 

[Dean]

stock cars are more appealing.
Once u mod a car... especially the engine, u lose the 'originality' aspect of it...some cars more than others.
Nothing beats factory......why do u think all gsr's are done up to look like evo's.....coz thats how factory done it...and it looks good. there are some xceptions i know but mostly thats what happens.
EVO 3's are the best...thats y their holding their values

I thought modfying your car was a way of personalising it...
I know i wouldnt want my car to look the exact same as someone elses

Im with you on that one Dave....

I think another point that has been overlooked is the quality of the modifications on a car. Cars with crappy mods, and crappy workmanship are of course going to fetch a lesser price than what they probably would stock. If a car has been smartly modified however, it is very easy to get more money for it than if it were a stock car.

Thats why I reckon a golden rule for modding cars is steer clear of DISTASTEFULNESS :lol:

of course everyones opinion of distastefulness is completely different, which is why some people do better when it comes to selling up

im totally with u guys too....
modifying is personalising, and i modify my car myself...
but most of us are modifiying to a factory level....eg copying an e2, or an e3...or a mixture of both...etc...
the reason i said that is coz....as dan said...distastefulness is a big issue with ppl modding their cars.

 

[f1355spider]

[/quote] distastefulness is a big issue with ppl modding their cars.[/quote]

Sure is IMO, just go visit any Auto Salon and you'll witness it first hand. LOL. :lol: :lol:

 

[doommachine]

There's some seriously fukd up value loss going on here - they're not Commodores FFS

Well... they're like old beamers, people know they're expensive as fuck to fix. I've seen volvos with 2 months rego selling for 50 bucks... You have the AYC, a four wheel drive system, a gearbox that has to deal with a lot of stress because the car is a slug at low RPM.. not to mention the countless other expensive things that go wrong with the cars.. I'd probably like a 6.5 but as I said, for the same money as selling the galant and buying one I could have an indestructible galant... cheekychimp on the US gvr4 forums has the right idea... '

Evo 1-3s will probably retain their value for their cult status, and also because they're a lot simpler, plus parts are cheaper.. what's an evo 4 gearbox worth compared to a 3?

 

[bazeng]

I can see EVO 1-3 sit around the $20k mark,

i've already heard of some in the 11k mark to 15k mark...

its undeniable, mitsu's dont hold their value.

therefor, dont sell your mitsu!!