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  • Member For: 22y 4m 12d
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  CountryPhoon said:
I just traded my 2004 STi on Phoon.  It had 27,000ks, and the wholesale on it was $35K.  Dealers then often give you more than wholesale by digging into the margin on the new car...

So I think you will find that there is not a lot of difference in depreciation rates between brands..   

There a few mouths in the food-chain, the wholesale buyer, the dealer he sells to and the resale (salesman commission).

Cars are not a good investment!!

Where are you??

I want to buy it!

Dave.

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  • Member For: 22y 6m 1d
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The STI is a great choice as far as power and handling is concerned.

I would have gotten one if the styling was more subdued, to in your face for me..

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  • Member For: 22y 5m 22d

On resale values...

Buying a new car is never a rational choice. Given the depreciation drop through the first three years. So I am not really complaining. As much as I am tempted to buy a FVP product the idea of shelling out another 25 to 40 grand is a little too indulgent for me. This would be real money as I don't have a business.

The problem with thoughts like these is the rational thing for me to do is to sell my optioned '03 with 55K klms for $30,000. Which I think would be the going price. Then take the private usage option on a work vehicle. The thing is the nearest I could get to the T would be a SV6. Which doesn't do it for me.

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Technically you only start to break even on a new car after 3-4 years, against depreciation, useage and so on.

Not sure what you are trying to achieve Dave, but I do sort of understand your point. Your idea of buying second hand I believe is the only way to go, and from all the poeple I have known who have had rexes have never looked back, so from a build quality perspective, dealer support and so on Ford don't even come close.

My mate who has an 04 (now on his 6th rex) just had a heap of performance stuff done to it by the dealer! He consistently raves about the support they give him.

Personally as much as I loved my T and as much as it hurt to get rid of it, the best thing I did was get out of it. Since I got the X5 I have not looked back. I did look second hand, but one I could not really find what I was after, and two when I could I was able to get a new one for a few grand more than one that was 2 years old and 30,000k's!

Mate go the STI you will not regret it and will be able to thrash the guts out of it, never have to worry about driveline, brakes, gearboxes and so on. And even if you do have a problem and turn up with gearbox noise at least the dealers first question will not be "have you been driving it hard?" :tease:

Oh yeah thought your not working? For a guy with no money you do alright hey! Typicle private school boy! :spoton:

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  • Member For: 19y 11m 18d
  fordboy1981 said:
  CountryPhoon said:
I just traded my 2004 STi on Phoon.  It had 27,000ks, and the wholesale on it was $35K.   Dealers then often give you more than wholesale by digging into the margin on the new car...

So I think you will find that there is not a lot of difference in depreciation rates between brands..   

There a few mouths in the food-chain, the wholesale buyer, the dealer he sells to and the resale (salesman commission).

Cars are not a good investment!!

<{POST_SNAPBACK}>

Where are you??

I want to buy it!

Dave.

<{POST_SNAPBACK}>

Farm near Bathurst (NSW). STi is sold. (Was a real good jigger - especially here in the high-country, in the wet.... but I needed a tow vehicle.)

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  JB said:
Technically you only start to break even on a new car after 3-4 years, against depreciation, useage and so on.

Not sure what you are trying to achieve Dave, but I do sort of understand your point. Your idea of buying second hand I believe is the only way to go, and from all the poeple I have known who have had rexes have never looked back, so from a build quality perspective, dealer support and so on Ford don't even come close.

My mate who has an 04 (now on his 6th rex) just had a heap of performance stuff done to it by the dealer! He consistently raves about the support they give him.

Personally as much as I loved my T and as much as it hurt to get rid of it, the best thing I did was get out of it. Since I got the X5 I have not looked back. I did look second hand, but one I could not really find what I was after, and two when I could I was able to get a new one for a few grand more than one that was 2 years old and 30,000k's!

Mate go the STI you will not regret it and will be able to thrash the guts out of it, never have to worry about driveline, brakes, gearboxes and so on. And even if you do have a problem and turn up with gearbox noise at least the dealers first question will not be "have you been driving it hard?" :spoton:

Oh yeah thought your not working? For a guy with no money you do alright hey! Typicle private school boy! :tease:

hahaha, yeah well you can assimilate with that problem, my fellow private school boy! :idunno:

thanx for your opinion though, I too believe Ford customer service is well below average!

The STi seems to best choice...

Dave.

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  • Member For: 20y 3m 26d

I for one agree with the issue of resale on the turbo. Ive had my car for sale now for 4 months and cannot sell it. 6 speed manul, absoloute imacculate but no luck. Im considering selling it for less than $34000. Havent had any bites what so ever

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  • Member For: 19y 11m 17d
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I have to say is having a car means that you will lose money on it. You all ways will yes as thay become more popular thay will lose money faster. If you like you car do not sell it the grass will allways seem greener on the other side of the fence but there will all ways be money being lost on cars. For an exapmple my bro purchased an 2002 M3 new and he has just traded it in on a new one and he had lost 47k on the car. So if you like your car keep it the depresation will slow as the car gets older.

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  • Member For: 21y 1m 1d
  • Location: Penrith NSW
  Gavin.K said:
I have to say is having a car means that you will lose money on it. You all ways will yes as thay become more popular thay will lose money faster. If you like you car do not sell it the grass will allways seem greener on the other side of the fence but there will all ways be money being lost on cars. For an exapmple my bro purchased an 2002 M3 new and he has just traded it in on a new one and he had lost 47k on the car. So if you like your car keep it the depresation will slow as the car gets older.

<{POST_SNAPBACK}>

yep I havent seen a car go up in value yet.

depreciation is a constant with any vehicle.

however resale value is more based on supply and demand.

regz

mark

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Dave,

I’m a rex addict; owned 3 and still have 2 at home.

MY03 rex is a lot better than the MY02.

MY03 introduced variable valve timing, which made it a far better car to drive, plus increased the compression ratio from 8.0 to 1 to 9.0 to 1 . My wife has one.

For the MY03 check out http://autoweb.drive.com.au/cms/A_55309/newsarticle.html

STi is a lot better car, in terms of what you get … better brakes, wheels, tyres, 6 speed, street cred.

The downside to the STi is far firmer suspension, higher insurance, and you actually will have to drive it harder to get on boost as it still has a lower compression ratio (8.0 to 1) compared with the stock rex (9.0 to 1) in 2003 models. It will drop more in value once the 2.5 Litre hits the market.

I kept my old MY00 Sti; old classic shape; much lighter weight and with a relatively cheap 2.5L motor conversion it’s brilliant. That path doesn’t suit your needs, as you want warranty.

Brian

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