Thread: Negotiating skills, prices

so whats wrong with this one?
SE200845,00050,000autodiesel52,80053
its dropped 50% in 3 years,,
only 45Kms,
its probably Kent Green too,,,

some people will park it up rather than sell it for less than THEY THINK its worth,,

and the other side of the coin is,
some people will pay sticker price if its "THE car".

theres no right or wrong here,,,


feeling lucky?

Originally Posted by Pedro_The_Swift

so whats wrong with this one?
SE200845,00050,000autodiesel52,80053

That's a redbook "listing" - i.e. it's not a real car. I've included the redbook prices as "redbook" under the column titled "source" (and they're red in colour :-).

As you'll see, the redbook prices are all lower than just about the lowest real advertised price. A topic on other threads/fora is how redbook gets its data - speculation is the numbers are from stamp duty/rego transfer data, and that people under-report sales prices, but that doesn't really gel with me (i.e. a dealer isn't going to fib (by much) for the stamp duty).

Originally Posted by af3556

......(i.e. a dealer isn't going to fib (by much) for the stamp duty)....

... don't forget the GST on the resale
is the reason for the massage-effect

Prior to buying the D3 (before the D4) I looked into resale prices of the LC100 & 200 and also the D3.
After alot of homework, I discovered to ignore the RED BOOK and go on actual resale prices.
Its a matter of supply & demand. If you have a vehicle that has been well looked after in great condition, the RED BOOK is irrelevant.
Cheers, Craig

Just because that's what they're asking doesn't mean that's what they'll take. From personal experience I can tell you that there are few buyers in the market for a 2nd hand $40k+ cars.

Originally Posted by Disco4SE

Prior to buying the D3 (before the D4) I looked into resale prices of the LC100 & 200 and also the D3.
After alot of homework, I discovered to ignore the RED BOOK and go on actual resale prices.
Its a matter of supply & demand. If you have a vehicle that has been well looked after in great condition, the RED BOOK is irrelevant.
Cheers, Craig

Best thing I've heard for a long time, agree whole heartedly. It is a curse on the vehicle trade and causes way too many problems. I know it says 'only a guide' but you get these idiots turn up to look at your car spouting out rubbish like 'Red book says its only worth this much ' bla bla bla feel like clocking them.


Thats enough heart rate icrease for today...


JC

Originally Posted by justinc

Best thing I've heard for a long time, agree whole heartedly. It is a curse on the vehicle trade and causes way too many problems. I know it says 'only a guide' but you get these idiots turn up to look at your car spouting out rubbish like 'Red book says its only worth this much ' bla bla bla feel like clocking them.


Thats enough heart rate icrease for today...


JC

Yes - I was looking at some cars recently and got talking to the salesman about Redbook as most of his cars were well above Redbook Price - he did admit though they use Redbook as a general guide of what to give as a trade as it is lower than the cars worth and gives them something to quote as the basis for the low price when the seller complains.

Garry