price of fuel going down, interest rates going down

[warpz0r]

is the resale of my holden V8 going to go back up to where it should be?

i was offered $12k trade in for a 2004 vy2 v8 calais with leather on a 2007 captiva....

do you think that the media hype of high fuel prices and interest rates which ruined resale value will be reversed with the new economic conditions?

[Grommz]

Its a 5.7ltr the price aint going anywere but down unless petrol decides to go back to around the $1 a litre mark.

And theres fat chance of that happening.

[Bazz]

Yep, prices will always go down IMO, that is why I have decided to keep my VT, mod it and once it becomes too much for the road (or I get too keen), I'll just find something else to buy!

[Bravotwozero]

I got offered 8k trade in for a VY SS on a new SSV. I said no...

Not that I could afford a new SSV anyway.

[HSV Listy]

Yep, prices will always go down IMO, that is why I have decided to keep my VT, mod it and once it becomes too much for the road (or I get too keen), I'll just find something else to buy!

I hear you. Exactly the same here. No point selling anymore. Once you get sick of it, make it a track machine and buy another secondhand one cheap. Best thing about doing this is you save truckloads on depreciation and you enjoy your car for longer.

[VYBerlinaV8]

The price of oil is dropping, but so is the Aussie dollar, so I wouldn't be holding my breath for cheap fuel.

Car depreciation is going to get worse, not better, simply because new cars are so much cheaper (relative to income) than ever before. I doubt I'll buy another large car new for a while.