DC5R Advice wanted!

[Jingers]

I'll offer to pay what the car is actually worth, as opposed to what an owner THINKS it's worth


In all seriousness, if a dealer sells a stocker with marginally more kms, for less money AFTER adding their margin to the car AND giving a years rego, you know that the market value is around 5k less than the dealer price. The other thing to bear in mind is that you can pick up a type-s with 2x,000km for mid 30's from a dealer, you pretty much just have to accept that a type-r with three times the mileage, several more years under the belt and god knows what in the way of modifications is going to be worth a good deal less money, particularly from a private seller.

And we all know exactly how much mods add to the value of a used car, usually nothing, occaisionally they've a negative impact. So in light of that, i'm going to market with the bargainers business ethic and offering 6k less than the asking prices.

and how do you know waht its actually worth? My understanding is you dont hence this thread. But we are telling you that its impossible to tell unless you can see the car up close

"you know that the market value is around 5k less than the dealer price." where did you come up with this?

NO offense but i have sold my fair share of cars and get pissed off at people say offering 5k below my asking price. I hope you dont do that

[matt]

In all seriousness, if a dealer sells a stocker with marginally more kms, for less money AFTER adding their margin to the car AND giving a years rego, you know that the market value is around 5k less than the dealer price.

dont mix up wholesale price and market value

[BlitZ]

Most cars in sydney auctions are open to the public.. just dealers know where to search for them...

They try to get their cars from reposession, stolen/recovered auctions which are open to the public anyways..

They also offer dead low prices for people at trade in time... which people take, meaning they are probabaly willing to sell it to low baller for probabaly the same price

just my 2 cents

************************************************** ***********

A car is worth as much as someone is willing to pay..

I would seriously offer someone 5k less than the asking price if i know for sure that the seller is 5k over priced.

Some people advertise cars at ridiculous prices which never get sold.... An offer never hurts..

[Jingers]

I would seriously offer someone 5k less than the asking price if i know for sure that the seller is 5k over priced.

very fair agreed, but do you have the expertise to value the car against all other cars on the market? and if you dont have this expertise then what makes you think the seller is 5k over priced?

[slim]

very fair agreed, but do you have the expertise to value the car against all other cars on the market? and if you dont have this expertise then what makes you think the seller is 5k over priced?

like i said dude, dealers put markups on their cars to turn a profit on used vehicles. in light of that fact, when i see two cars for sale, of similar condition, age and mileage, and the dealer is asking for a particular ammount, i'll offer the private seller several thousand less. if they don't like it, they can just say no- or they can always try an auction or a trade-in and see what the dealers offer them there.

a seller can ask what they will, but in the end, they'll only get what the car is worth, which is unfortunately -for the sellers- dictated by and large, by the dealers, and what people are willing to pay.

I can understand current owners wanting to help maintain their vehicles' residual values, but there isn't any point in complaining about low ballers... You're just going to get offers based on what people think the cars are actually worth

*
Bear in mind, i started the thread because i found a dealer with an immaculate 2001 dc5r with 78k km on it going for $28k, full log book history etc. I wanted to know if it was worth that ammount, and it seems that this is the case. So i'll be taking a drive during the week to check it out

[hebe]

You said 29k in your original post so what is it?

28k or 29k?

[Jingers]

like i said dude, dealers put markups on their cars to turn a profit on used vehicles. in light of that fact, when i see two cars for sale, of similar condition, age and mileage, and the dealer is asking for a particular ammount, i'll offer the private seller several thousand less. if they don't like it, they can just say no- or they can always try an auction or a trade-in and see what the dealers offer them there.

a seller can ask what they will, but in the end, they'll only get what the car is worth, which is unfortunately -for the sellers- dictated by and large, by the dealers, and what people are willing to pay.

I can understand current owners wanting to help maintain their vehicles' residual values, but there isn't any point in complaining about low ballers... You're just going to get offers based on what people think the cars are actually worth

*
Bear in mind, i started the thread because i found a dealer with an immaculate 2001 dc5r with 78k km on it going for $28k, full log book history etc. I wanted to know if it was worth that ammount, and it seems that this is the case. So i'll be taking a drive during the week to check it out

nah dude, never was worried about retaining value on our cars. U will be surprised with the amount of people just trying their luck with offering a price they know is unreasonable. Good luck with ur car search anyways

[lovesil]

First of all, in regards to the 28K DC5R with 78K, i think it's a pretty good bargain (especially from a dealer)

IMO, I think you know more on how much you can spend than how much the cars are actually worth. From what i understand from your replies, you reckon car owners will have to either give in to you or dealer's low ball price ...?? wtf??? And no, the market don't always work that way. For instead, a IPOD sells for $500 bucks and just because you or a few more reckons it's not worth the price.....do you think Apple will bring the price down?? No way, because it's popular and there's bound to be people that desire for one. Like what Jinger mentioned, Price Negotiating (around 2K mark) is fine, but giving or even offering low ass price is a insult to the owners that had spend countless hours taking care of their babies.

[slim]

You said 29k in your original post so what is it?

28k or 29k?

feeling a tad pedantic hey?
Advertised for $29,990, will let it go for $28,990

[slim]

First of all, in regards to the 28K DC5R with 78K, i think it's a pretty good bargain (especially from a dealer)

IMO, I think you know more on how much you can spend than how much the cars are actually worth. From what i understand from your replies, you reckon car owners will have to either give in to you or dealer's low ball price ...?? wtf??? And no, the market don't always work that way. For instead, a IPOD sells for $500 bucks and just because you or a few more reckons it's not worth the price.....do you think Apple will bring the price down?? No way, because it's popular and there's bound to be people that desire for one. Like what Jinger mentioned, Price Negotiating (around 2K mark) is fine, but giving or even offering low ass price is a insult to the owners that had spend countless hours taking care of their babies.

Dude, are you fkn serious??
Negotiating by $2k is fine, and $5k isn't???
If you take an offer that is too low as an insult, don't try to sell stuff

As to all the other points- I've justified my point of view enough, if you don't follow... all power to you.


YADS

[noodleman]

^seems like you already had a solution??then why ask for advice?

[freakygeek]

dont mix up wholesale price and market value

Excellent point matt, you are right, these are two entirely different things.

[freakygeek]

I hate the way many people try to buy things. I prefer to make ONE reasonable offer and one only. If the offer is substantially lower than the asking price there must be a reason to suggest why the offer was low, not just because I felt like it.

If it is not accepted then I walk. I leave the seller my details and if they are interested in my offer they can contact me back. If not, no problem.

People making stupid lowball offers are scum in my book. If your price is reasonable and you have someone lowball you, tell them to stop wasting your time and f**k off. (politely)

[Jingers]

as i do all the time

[noodleman]

why would one set a price with a 6k negotiating margin? even with buying a brand new car from a dealer it's impossible to get a 6k discount from them even if you're the owners wife.

seller: yeah im selling the car for 30k
buyer: i'll give you 24k

scenario 1:
seller: yeah sure would you like fries with that?

scenario 2:
*somebody getta hurt real bad