Monaro Depreciation?

[GH1967]

If I bought a Monaro VZ brand new for rrp $62,995 (or thereabouts), what would be the (best guess) resale value a) 1 year later and b) 2 years later assuming I looked after it very well and it had no problems?

Best guesses appreciated.

[VooDoo]

2yr old monaro's still get 35-40k these days. depends on the VE of course but 40k would be my guess.

[GH1967]

wow, thats pretty solid depreciation. A VZ in 2007, well looked after and no mechanical problems would lose more than $20,000 in value?

Keep in mind Monaros may no longer be in production anymore in 2007. Would that impact on maybe slowing depreciation?

[xcapee]

its an evil we live with owning holdens

topic has been discussed before but yes, holdens depreciate drastically because of the number of 'new' models that churn out every year. The good thing about this is that there is actual improvement with each release, just look at VT -> VZ.

in theory the monaro should hold its value a little better as there isnt as many on the roads as say the SS.

[Mongy]

its an evil we live with owning holdens

topic has been discussed before but yes, holdens depreciate drastically because of the number of 'new' models that churn out every year. The good thing about this is that there is actual improvement with each release, just look at VT -> VZ.

in theory the monaro should hold its value a little better as there isnt as many on the roads as say the SS.
True, and it's not just limited to Holdens, but the current discounting of new Holdens is not helping people who have already purchased. I don't go into a purchase thinking about resale, I buy what I want then worry about it when I'm sick of it and want to trade it :lol: Probably not the best way to do it. I really can't see them dropping the Monaro no matter what people say but VooDoo is not far off the mark with his thoughts. The other point is when is the ls2 going to be standard fitment. Apart from the new VE that will also have a large impact on trade in values of ls1 equipped models.

[keen]

Mate of mine goes to dealer actions , recons you can get a VY wagon with about 30000ks for about $16000? On monday he's going to the actions for me , theres a 98 VT wagon , reserve $6200 doesnt even recon it'll make that.
Bit off topic I no , just showing some examples of deprecition.
My uneducated guess on the monro , after 1 yr 48-52k , after 2 yr 38- 42k

[hogs]

Evening,

I have owned over 10 Holden V8's, and none have been new.
I could have purchased several of them brand spanking but over a long period of time have observed the depreciation factor.
If you have the "cash to splash" go for it, but be prepared to lose a lot of moolah in the first year.
I actually felt sorry for some poor fella tonight. 2004 R8. $60.000?
Sat beside him at the lights as he smugly grinned at my $30.000 exec Wagon only to see tailights getting smaller!!
Sorry. False Economics?

Hogs, :)

[Marco]

Year-old V2III Monaros are on dealer lots at the moment for $47-49k or thereabouts, so I guess subtract a few grand from that to work out a tradein value.

Two year old cars seem to be sitting in the low 40s.

[bigdongers]

I think it will vary from state to state too. My work mate just sold his 3 year old Monaro privately for 40K. Im in WA.

[MNR-0]

2 years from now you won't be able to buy a Monaro. They will no longer be made. Resale value? No idea. HSV will likely import the Yank model if they ever make a RHD model.

[chillicatqld]

smash them down in price dude - do some shopping round if buying new.
I bought my brand new VYII SS ute for $36K on road - the best price I could get on Goldy was $42K!
Now a year and a half later I have just insured my car again with market price of $36K - no depreciation there :)

[GH1967]

It's disconcerting to hear how quickly these cars depreciate because of Holden's marketing technique of constantly releasing new versions of cars. That puts me in a frame of mind of delaying my VZ purchase for an LS2 Monaro in the future. But then I will delay again because no doubt there will be talk of a yet-newer version after the first LS2 and so on and so forth...

However based on information I've read here is it fair to say the VZ may be the last Monaro for quite some time and hence the number 1 cause of depreciation (constant new models) may lead to less VZ (I emphasise VZ as the latest and newest Monaro) depreciation?

[HSVREDSLED]

In the few posts which have replied to this thread, I think the answer is simple. The munro will depreciate about 10 to 20 k in the first year. If you are worried about depreciation, buy second hand. Let someone else worry (or lose) the in the depreciation factor. Sure, some people may say that if you buy second hand you dont know the history if the car, yet the same people are quite happy to say that you should drive the cars hard early in their life, so who cares how hard in was driven.

My brand spanker was a dog early in its life. It only started to "boogy" at around 15,000 ks. Rest assured, my next ride will be second hand, six months old with about 20,000 on the clock...unless I get a dynamite deal on a runout sale like I did with my current one.

My 3 cents worth.

[Dacious]

Asking price for Monaros seems to be down to high 30's for Series 1 - private sale, or high-milleage dealer cars.

News flash: any new car will depreciate = just see what a new BM or Merc is worth after a year. Unless you have something no-one has and everyone wants that's the way it is.

For older Monaros, it took 10 years for 4-door HQs to match their new price - after that, if you owned a good one you were ahead in dollars, although not in real terms.

Going by asking prices for private and dealers, good average milleage V8 Holdens and Fords after warranty are worth about 50-55% of original asking price depending on model, milleage and condition. Monaros seem to be holding at around 70% for S1 which is above average for just about anything and especially Oz-made.

But it's no surprise that it's a mug's game to expect to make money on a Holden - just too many, even Monaros. Even if in ten years a CV8 is worth $60K, whatever is being sold then will be probably $90-100K.

[dominik]

News flash: any new car will depreciate = just see what a new BM or Merc is worth after a year. Unless you have something no-one has and everyone wants that's the way it is.Here are some NRMA retained value figures (not to be taken as gospel of course but can still serve as a guide) that back up what Dacious said about depreciation. The reality is you're going to lose a reasonable chunk on your 'investment' no matter which sports car you buy. Then you've got factors that vary a lot like fuel economy, insurance, rego, etc. all contributing to the bigger picture.

AUSTRALIAN
- Ford XR6 Turbo: 57% after three years for the previous model XR6, which is slightly below its main rival, the Holden Commodore SS at 61%.
- Ford XR8: The XR8 retains 58% of its new price after three years, which is slightly less than its main rival, the Holden Commodore SS. This model, however, is likely to perform better.
- Holden SS: The SS retains 63% of its new price after three years, which is above average.
- HSV GTO (couldn't find a 1000km review for the Monaro): HSV cars typically hold their values well. The Clubsport sedan retains 63% after three years; the GTO is likely to be higher, based on the popularity of the Monaro.

EUROPEAN
- BMW M3 ($141,500): 58% after three years, which is below average.
- Mercedes CLK320 ($112,500): At 74%, the CLK320 has the best residual values in the Benz model range, which means it's one of the highest on the market.

JAPANESE
- Nissan 200SX: The previous model retains 56% after three years according to Glass's Guide. The new 200SX will be stronger; a 12 month retained value of 85 per cent is above average.
- Honda Integra Type R: 61% after three years, which is average.
- Toyota MR2: Excellent. The previous MR2 GT coupe retains 67% after three years; this model is also strong in the shorter term.
- Subaru WRX: The standard WRX retains 68% of its new price after three years, which is above average.

[myles]

V8 = good times money can't buy. :)

Great post Dominik. Didn't realise the M3 would depreciate so much compared to new. BMW M3 :drool:

[Mozz]

For what it's worth - Brisbane's Saturday Courier Mail 28.5.05 - Redcliffe Holden dealer selling brand new VYII SS's (not demos) for 39,990 drive away no more to pay.

[strife]

I think compared to the Holden equivelent the Monaros are holding the values reasonablly well.

2001-05\2005 - 10705 Monaros
2001-05\2005 - 362563 Commodores

[xcapee]

geez still have vyII in stock? thats a worry, those cars would be sitting in the yard for like 12 months!!

[markone2]

Mate of mine goes to dealer actions , recons you can get a VY wagon with about 30000ks for about $16000? On monday he's going to the actions for me , theres a 98 VT wagon , reserve $6200 doesnt even recon it'll make that.
Bit off topic I no , just showing some examples of deprecition.
My uneducated guess on the monro , after 1 yr 48-52k , after 2 yr 38- 42k

Your mate reckon's correctly.....however keeping to the thread's subject line good used Monaro's hold a solid lead over HSV and SS models in resale value up our neck of the wood's.........Dealer Auction or Retail!!...naturally those under 30K *bargains* we all hear about are out there....last one of these proclaimed bargains I watched go under the hammer south of 30 had 157K on the clock and $3K's worth of dings / Nick's and Scratch's thrown in for free..... :eek:

[COUPE]

2 years from now you won't be able to buy a Monaro. They will no longer be made. Resale value? No idea. HSV will likely import the Yank model if they ever make a RHD model.


I agree with MNR-0 :yup: , in 2 years :burnout: gone!!! ... buy it new while you can ... go on!!!, you know you want too :nyuk:

[Pickles]

Your mate reckon's correctly.....however keeping to the thread's subject line good used Monaro's hold a solid lead over HSV and SS models in resale value up our neck of the wood's.........Dealer Auction or Retail!!...naturally those under 30K *bargains* we all hear about are out there....last one of these proclaimed bargains I watched go under the hammer south of 30 had 157K on the clock and $3K's worth of dings / Nick's and Scratch's thrown in for free..... :eek:
Markone2-You are correct.You get what you pay for. Sinse purchasing our Series 111 Monaro a few months ago, it has become apparent to me that there are quite large variations in Monaro pricing, & it applies to all V2 Series Monaros.Mileage seems to have a large influence. For sure you could buy a Monaro for $30k, but I guarantee it would be a high mileage pig-by the time you make it into a good one,leather trim,tyres,Paint mechanicals, etc etc, you would have been better off buying a good one.As another post has said, GOOD series 111's are still making $45-$49k,and low mileage series 1 & 2's are also holding up well. So, from what I have seen, I believe values of good Monaros are holding up better than other Holdens & HSVs. As far as what will happen if Monaro production ceases-who knows?!!-but in that case, I believe there would be a market for good used examples. Cheers, Pickles.

[Mimo]

My own impression is that Monaro's appear to hold value quite well compared to other Holden models. Although my case would likely be far from the norm you could use it as a rough indicator.

Series 1 Monaro purchased Feb 2002 and had it valued 6 mths ago with 30,000km on the clock and was offered 42k as a trade in for a VZ Clubsport. Purchase price was at 61K.

[VZKOOP]

Depreciation........pah!
The feeling you get from sliding into your own new untouched, unblemished, pre-modded virgin Monaro will never depreciate.*

* Qualification. Unless of course you happen to win lotto and can afford to buy a McLaren SLR or the like.

[vkgpa]

geez still have vyII in stock? thats a worry, those cars would be sitting in the yard for like 12 months!!

excatly what i thought

But theres already a new model out!

[PJK]

2 years from now you won't be able to buy a Monaro. They will no longer be made. Resale value? No idea. HSV will likely import the Yank model if they ever make a RHD model.

Just read this story (http://www.drive.com.au/editorial/article.aspx?id=9778&vf=2&bg=1&pp=1) Looks like there will be a future Monaro - just a matter of when

[COUPE]

Depreciation........pah!
The feeling you get from sliding into your own new untouched, unblemished, pre-modded virgin Monaro will never depreciate.*

* Qualification. Unless of course you happen to win lotto and can afford to buy a McLaren SLR or the like.


Mate couldn't of said it better myself :thumbsup:

Driving any new spanker is an awesome feeling, even more so when it's something like a sexy looking munro :D

[Peter B - CV8]

In last weekends papers - 2x 2004 Monaro's (both dealer ad's) @ $50k. One auto & one manual, both with approx 9,000k's in "as new" condition.
Yeah I think you can estimate dropping approx $10k per annum in depreciation over the first 2 years, after that it should slow down. I reckon in 5 years one should be worth approx $25k (after that who knows ???). Like all cars the value wil come down to the particular car (options, mileage, condition etc). I bought mine with a view to keeping it for a long time - so depreciation is not really a great worry.

[mark78]

There's a VZ Monaro going for $52k, on Carsales- 2,600kms (not a typo)sunroof, Sat Nav.

Link.. http://tinyurl.com/ex3mh

Bargain hey!! If only I was back in Oz already :(