OzWest Member 9 Member For: 18y 7m 19d Location: Katanning Posted 03/04/06 04:47 AM Share Posted 03/04/06 04:47 AM Based on what I have read in other topics on this forum, about Ford & other companies reading entries etc. to catch so called warranty fraud, I hope this may get a breif look.I like many of you out there am a little sickened by how fast our model of car deppriciates in value. Yes sure, there are many factors which will determine this dropping value like price of fuel etc. But I believe the major manufacturers have a big say as well. After all it is the dealers/Ford? who must surely dictate what they will give you as a trade and then on sell it based on any number of given factors.I finnally, after a number of years in the workforce was in the position to be able to fork out for what is every young blokes dream.. to be able to buy a brand new car. At that stage it was nigh on impossible to get a secondhand T and the waiting list here was 6 months for a new one, the price of used ones at that stage were nearly just as high as the new price which swung me the way of brand new.Now just looking around it seems what I paid $50K for onroad new would barely scrape me much over $25K. It now only has 30K country kays (Never dirt roaded), has never, and I mean never done a burn out or been pushed hard. This car looks, smells and is as far as I'm concerened pretty much brand new.So if I do the math on this, it works out on top of Fuel and general running costs of this car that is so far costing me in excess of $1000 per 1000Km.This figure I'm sure will taper off, but FORD! the message is real clear. I WILL NEVER BUY A BRAND NEW CAR AGAIN, AND ON TOP OF THAT I'LL BE DOING MY DAMN BEST TO BUY PRIVATELY AND NOT FROM ANY DEALER! My 2 cents worth, I'm sure it will ring a chord though! Link to comment Share on other sites More sharing options...
Chooka THE Member Donating Members 1,210 Member For: 19y 4m 11d Gender: Male Location: Melbourne Posted 03/04/06 04:58 AM Share Posted 03/04/06 04:58 AM The market place sets the price mate, if someone is only willing to pay 25k for said car that is all they will pay. The T is a popular car and most companys will allow you to have them as a company car, so as such allot get run off into the second hand market with low km's.so the more options out there for the buyer the more bargining power they have and as the market sits right now it is positioned in favour of the buyer!So it is not ford that set the price for a second hand T but you and I who do the buying Choka Link to comment Share on other sites More sharing options...
OzWest Member 9 Member For: 18y 7m 19d Location: Katanning Posted 03/04/06 05:02 AM Author Share Posted 03/04/06 05:02 AM sure, have to agree with you! But I hate it anyway. Link to comment Share on other sites More sharing options...
iTec TEAM BA Donating Members 1,755 Member For: 19y 11m 9d Gender: Male Location: North of The Bridge Posted 03/04/06 05:11 AM Share Posted 03/04/06 05:11 AM Cars Depreciate, its a fact of life and the more the car costs, the more it depreciates in the short term, If you are one of those people who buy a new car every 2 years then having the lattest and greatest is going to cost you, if you plan to keep the car for a number of years then the depreciation is not an issue I dont look at my car and say its only worth 25k, it is still a 50k car and only becomes a 25k car when I dont want it. how long you keep the car determins your rate of depreciation, so how long do you plan to keep the car? how much enjoyment do you get from the car per km? is it worth a $1? $0.50c? $0.25? people who sell cars that are designed to see 150,000 km easy at the 40k, 50k etc and expect not to loose money are stupid imoFords, Holdens and Mitsubishis have always had pretty bad depreciation, its a well knowen fact yet you bought one, what did you think that your car would be different? Link to comment Share on other sites More sharing options...
Chooka THE Member Donating Members 1,210 Member For: 19y 4m 11d Gender: Male Location: Melbourne Posted 03/04/06 05:13 AM Share Posted 03/04/06 05:13 AM sure, have to agree with you! But I hate it anyway.I'm with ya, sad but inevitable unfortunatly!Chooka Link to comment Share on other sites More sharing options...
driftpig01 Member 67 Member For: 18y 11m 27d Location: "NORTHERN GOLD GOAST" Posted 03/04/06 05:49 AM Share Posted 03/04/06 05:49 AM Depreciation is not all bad, you pay less tax Got to get your money out of the governemnt any wat you can. Link to comment Share on other sites More sharing options...
hurricane Member 11 Member For: 18y 8m 21d Posted 03/04/06 07:30 AM Share Posted 03/04/06 07:30 AM One of the reasons the Falcon and Late model camira depreciate in value excessively is due to the various government and non-government departments dumping them onto the market after 18 months. The value of the vehicle is dictated by the force of market supply and demand. In regard to the post above, NO you dont benefit from market depreciation for taxation purposes because the normal tax depreciation rate is 18.75% diminishing vaue (used to be 22.5%) hence whatever the current market value/replacement value for your vehicle is irrelevant for tax purposes (unless you are a dealer and have to account your stock by either cost, replacement value or market selling value).RegardsJacques(Tax Manager) Link to comment Share on other sites More sharing options...
bangm001 Member 307 Member For: 18y 11m 11d Posted 03/04/06 07:42 AM Share Posted 03/04/06 07:42 AM So why did you buy new then bro, its has always been known that Ozzy cars especially depreciate in value heaps. Next time, just go second hand if you're not prepared to lose your dough. I went demo model as to save around 11K off of Brand new price. Yep, 11K. I got a Phoon wid 1800km on it for 11,000 dollars cheaper than brand new. Paid 49K plus on road in end Oct for an August built vehicle. Bargain if you ask me, just had a resprayed front bar, which has since by myself been resprayed anyway.. Still has new car smell, feel etc. Prob run in hard, but not harder than I drive it. If you want a vehicle that loses stuff all value from brand new, maybe a lancer is the way to go. Just my 2c. Link to comment Share on other sites More sharing options...
Tee Member 29 Member For: 18y 8m 25d Posted 03/04/06 09:57 AM Share Posted 03/04/06 09:57 AM I bought my T only 12 months old and saved 15 grand. Near-new is where the bargains are Link to comment Share on other sites More sharing options...
Guest newl Guests Posted 03/04/06 10:50 AM Share Posted 03/04/06 10:50 AM Agreed. My last three Falcons were only a year old when purchased. I would never buy brand spankers and have to eat the depreciation. Link to comment Share on other sites More sharing options...
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