Old second hand car prices.

Honda Jazz is another such car, not classic. We sold a 2006 model Jazz in 2011 for 80k with 30000kms on the clock. Today a Jazz thats 2004 model with 200 000kms sells for R90k. Madness. So if you want to buy a car, that you can sell one day for more....buy a Jazz
 
Corelli said:
Honda Jazz is another such car, not classic. We sold a 2006 model Jazz in 2011 for 80k with 30000kms on the clock. Today a Jazz thats 2004 model with 200 000kms sells for R90k. Madness. So if you want to buy a car, that you can sell one day for more....buy a Jazz
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To be honest there are plenty of them around not selling for that ridiculous price, but they do hold their value better.
 
Corelli said:
The Baby mercedes 190e 2.8 is the one to get. They were potent.
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Think you are referring to the 2.3 16V then you got the 2.5 16v Cosworth. Would love one. Very scarce and not cheap.
 
Secondhand car prices in South Africa have always been ridiculous. In Europe, for example, secondhand cars are dirt cheap because the older a car gets, the more expensive it becomes to keep on the road. Most European countries require cars older than 3 years to be roadworthied every year, older cars tend to have higher emissions, so they are taxed more heavily, and buying a new car is relatively much more affordable for your average joe. You get into a situation where if you hang onto a car for too long you literally cannot even give it away because it's just too expensive to keep going.
 
Corelli said:
Honda Jazz is another such car, not classic. We sold a 2006 model Jazz in 2011 for 80k with 30000kms on the clock. Today a Jazz thats 2004 model with 200 000kms sells for R90k. Madness. So if you want to buy a car, that you can sell one day for more....buy a Jazz
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I think you can do that with a Toyota tazz also. I know some people that sold it for way more than they bought it. Those jazz's tho I think it may be the reliability. If I'm not mistaken some of the earlier jazz engines are the same that honda used as outboard motors. Read a few articles of them doing over million miles with basic maintenance.
 
joker247 said:
I have been looking online recently at second hand car prices online while searching for a project car and have been quite surprised at what prices people are asking for some cars. I saw a mk 5 ford Cortina 3.0 for R150000. 80's model Toyota Cressida 2.0 for 75000. Four door mark 2 ford escort for R80000. Most of these cars are not considered classics, or having any thing special about them to be considered collectable that could justify such high prices. These were bottom of middle range cars in their heyday. The ones I mentioned there was not even an attempt to restore the car properly. There are so many of some of these cars floating around you could rebuild one completely at a very low cost from scrap parts. Are people really paying these ridiculous prices for these cars?
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We dont have a 2nd hand car culture in S.A. , nor do we have a classic car restoration culture.
Restoration and or modified is a niche market.

Try restoring a 2nd hand car over 20 years old with original parts in S.A, and you will find the parts are ridiculously expensive, really hard to get, and that many have to be imported at stupid prices.
And then the older the model or the rarer the model, and your part prices just sky rocket.
There are also very few reputable restoration services, and the one that do exist ride on that fact knowing how difficult it is for the layman and therefore charge the fees they do.

Then there is a mentality that 2nd hand cars are "someone elses trouble", so people try and restore to original condition which cost a small fortune and they then hope to turn a profit above and beyond the restoration costs by asking these prices.

Then there is this crazy idea that if a car is over 20 years old it is automatically classed as being a "classic" and that that somehow warrants some ridiculous price attached to it as well.
 
Mekon said:
Some of the prices that peple think their cars are worth is made up of hopes, dreams and unicorn farts like that Cortina bakkie for R120K. In 1986 when I was 16 I bought a Ford Capri V6 for R900 and over 2 years rebuilt it to look brand new. After the army about 1991, I was at the Piston Ring club with it one Sunday and someone offered me R60k for it. When I eventually sold it in 2000 I got 4 times that.
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So what you saying is, you basically started the unicorn fart movement?
 
Corelli said:
Honda Jazz is another such car, not classic. We sold a 2006 model Jazz in 2011 for 80k with 30000kms on the clock. Today a Jazz thats 2004 model with 200 000kms sells for R90k. Madness. So if you want to buy a car, that you can sell one day for more....buy a Jazz
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They are high quality and expensive, which means few people buy them new and among the few who do buy new jazzer very few ever sell them because they are quality cars. I'd buy a jazz over a cortina any day of the week. Cortinas have always been average cars with an undeserving cult following.
 
CorneliusCenturion said:
They are high quality and expensive, which means few people buy them new and among the few who do buy new jazzer very few ever sell them because they are quality cars. I'd buy a jazz over a cortina any day of the week. Cortinas have always been average cars with an undeserving cult following.
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Exactly, grandma should never have bought that V6 Cortina, a Jazz would have been a much better buy.
 
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