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Discussion in 'News/Updates' started by Tsunamix, May 27, 2016.
Betchya a slab they won't unless there is something wrong with it.
I could have worded it better. I wouldn't spend that sort of money on a car even if I could afford to do so.
Its a cool last hurrah, but the W427 production numbers were slashed when they were hard to sell, granted they're aiming to build an even smaller number of these but they're not exactly a car of the times, which is part of the reason Aussie car manufacturing is dying out. There's that many brand new VF GTS's already sitting in dealer lots with no one wanting to buy them. I cant see these being any different, end of the day its just a Commodore as well, and if you've got $160,000+ to spend on a car I cant see many people walking past Jaguar, Audi, Merc, BMW, etc. and buying a Commodore, hell if you've got that sort of money to spend on a car you probably have even more, which opens up Aston, Ferrari, Lambo, McLaren, an actual LS9 Corvette, etc. Its cool and all, just seems like a hard sell for a ridiculous price.
Go buy another Australian built hotrod post 2017. It will sell (is sold). TBH I can't think of a single person on this forum who is in the demographic for which the car is aimed at.
Australian built doesn't mean anything to me, they're just cheap because they're made here, thats the benefit to me. Fact is they still run all American drivelines, hell before the VE Commodores were just a German body with an American driveline pieced together here..."Aussie built". Even the last hurrah, hero car, go out with a big bang car is just a matter of jamming a big S/C crate motor in there.
People will buy them, and good for them, but personally and as many others have said I wouldn't spend 160k on what is end of the day just a tarted up Commodore.
Everyone is entitled to their own opinion, but I think this is a bit narrow minded. The C63 also starts out as a base model vehicle for Mercedes before being manipulated by AMG.
I resent that remark of stupidity, but yes I would.
I thought everyone on this forum was in the demographic (just not cashed up for it)
In all honesty, If I won the lottery, I would still be in my current mindset of 'commodore' 'last huurah' 'local built(assembled)' 'aussie pride' blah blah, but be cashed up to buy it.
If it was ten+ years from now and I had an income that supported the possibility of buying one, I doubt I would look at buying one.
And on a side note: Bogans (aka westies) are a proud people in NZ. Aussie's seem to think of them as a lower class in the land of the foot-thong. But not so here in NZ.
Nah, most of the hate comes from those in denial, it's like homophobia. All I can say is cashed up bogans make Hamilton Island go round and most Aussie motorsport events from Brashernats to Supercars. What they prove is you don't have to be a total cock if you have lots of liquid.
Regardless of whatever this car represents, I'll still be up to my elbows in it's predecessors til my death bed, Halle####inglujah.
Thought - W427 has depreciated by 50% in what - 10 years ?
Most cars depreciate 50% by driving them off the lot.
The W427 has done alright - and I bet it's value will skyrocket over coming years.
5 W427's currently for sale that I could find have asking prices of $85k (138k), $109k, $130k, $108k and $150k. All well above 50% of their original $155k list price.
Over a period of years, rarity will always be the strongest determinant of value.
For example, who would ever have thought that humble HR Premiers would fetch almost 30k and they were built in their thousands. Time has reduced that number dramatically and clean original cars that were once mass produced are now collectable and valuable.
Cars with extremely small production numbers will always have a much higher retained value and will ultimately appreciate beyond their original price.
I wouldn't buy one. Namely that the price would drop like a ton of bricks as soon as you drove it out of the showroom & then you'd have to wait for years for it to claw back. Don't get me wrong, it's a nice concept but I couldn't own one for the depreciation & I can't wait 50 odd years for it to be worth close to $1million. Plus I don't like the push button handbrake of the VF's
I remember when Holden stopped making the HX Monaro that the early HK HT HG ones were hitting the market reasonably cheap regardless if it was a 6cyl or V8. By this time most have been thrashed & crashed. Street machiners were rebuilding them throwing out the 6cyl with V8's & spending huge amounts of money customising them. There weren't many originals left. Now if you went looking for a HK HT HG Monaro, the rarest ones are an unmolested 6cyl & not the V8's that fetch the big money.
The problem is that a car needs many years to appreciate in it's collectable value. As Calaber stated, during those years time has reduced their numbers. EH's are in the $30-$40K+ bracket & that's for a 53 year old car that took time to achieve this from it's $2100 original price tag & 256,000 were made from '63 to '65.
Highly doubt people buy these cars looking to make an investment.
You buy this car cause you want to. Sure they are expensive but you get a hell of a lot for the coin. The engine is 2nd to non in the ls range.
This isn't just a 20k engine slapped in. There is some big associated costs to get it into production, including the dispensation the govt had to give Holden as it didn't meet emissions.
Let's face it. The targeted group of buyers aren't blokes saving their cash for 10years. These are guys already cruising around in porches, c63's etc.
I agree, but there will be some silly dill who thinks it'll make more money after Holden ceases local production in several years time after buying it brand new. If I was to buy one, it'd be in a couple of years time when the depreciation hits.
There's another aspect to consider here.
For years, early Holdens were worth nothing after a very short period. Early models rusted to death inside five years if not looked after. FX/FJ models were still cheap as chips when they were forty years old. But sometime during the 90's, things started to change. Some early girls such as the performance Monaro's were coming back into vogue and those who wanted them had to look hard to find good ones. Their low value meant they had been abused and thrashed, or rusted to death. If you wanted one, be prepared to pay more for it. Rarity and time have now driven them to huge levels. It's that development, plus the fact that Holdens are ceasing local production shortly,that makes people now think that perhaps, given a certain combination of options and the right performance or luxury level, they might also appreciate in years to come.
It's true that the high values of early Holdens now have taken around 50 years to realise, but given that modern cars probably won't last as long as the simple, tough old Holdens of the past because of the amount of plastics and electronics which fail in our climate over time, it's likely that good clean and well maintained 15 - 20 year old VF's could be worth more than they are now. I doubt that it will take as long as the old models because people now think of preserving the present as well as the past.
Even over that shorter time frame of 15 - 20 years, there are far better uses and probable returns on investment than a Commodore though, especially taking into account the expense involved in storing, maintaining, insuring etc over that period.
I'm not suggesting that you go out and deliberately buy a late production Holden just for the purpose of capital gain over two decades. My point is that IMO, the last Australian designed and built Holdens WILL appreciate faster than they have in the past and if you have a good one in 2035, it will have appreciated significantly if it has the right combo of options and equipment. I think that a base Evoke, however, probably won't ever get to iconic status unless it survives for 50 years or more, which is unlikely.
Will we even have fuel for these things in 50 yrs time ?
Other way around mate!
Of course we bloody will. It may cost more but there's **** loads of oil in the world. Shale oil has yet to be tapped and it's more abundant than crude. It takes more refining hence will cost more but we aren't running out of fossil fuels any time soon.
Pretty much sums it up right there ^^^^
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