Potential Purchase - Too many previous owners?
Discussion
Hi All,
Been floating around for a while now, reading and doing my research whilst waiting patiently for a Monaro VXR to pop up.
I did have my heart set on a red example but for a number of months I have either been unlucky/ too slow or they just haven’t popped up
I was at TRAX yesterday and came across a silver example, must say in person they do look awesome and potentially will consider it with the right upgrades etc.
One has just recently came up for sale, have seen the owner posted on Facebook regarding it. It looks perfect and has had the right amount of work done, but the amount of previous owners is putting me off.
The car has had 7 previous owners, with my potential purchase that would make it 8 at the point of sale!
Earlier this year I had an Audi S5 (08) and that had 6 previous owners including me. I had to drop the price a lot in order for the car to sale as the amount of owners put everyone off.
What would you guys do regarding the owners? Worth it considering its had the desirable mods (exhaust,ls7 clutch, remote bleed, RRP)
Car was registered march 2007.
I am in two minds at the moment.
Thanks
Michael
Been floating around for a while now, reading and doing my research whilst waiting patiently for a Monaro VXR to pop up.
I did have my heart set on a red example but for a number of months I have either been unlucky/ too slow or they just haven’t popped up
I was at TRAX yesterday and came across a silver example, must say in person they do look awesome and potentially will consider it with the right upgrades etc.
One has just recently came up for sale, have seen the owner posted on Facebook regarding it. It looks perfect and has had the right amount of work done, but the amount of previous owners is putting me off.
The car has had 7 previous owners, with my potential purchase that would make it 8 at the point of sale!
Earlier this year I had an Audi S5 (08) and that had 6 previous owners including me. I had to drop the price a lot in order for the car to sale as the amount of owners put everyone off.
What would you guys do regarding the owners? Worth it considering its had the desirable mods (exhaust,ls7 clutch, remote bleed, RRP)
Car was registered march 2007.
I am in two minds at the moment.
Thanks
Michael
stu vxr said:
I would not consider to many owner's and your obviously not sure that many owners will always affect re- sale value and in my opinion car wont have been pampered all its life, wait for another
I find this logic somewhat counterintuitive. Most new owners spend money on toys getting them up to their desired level (many enthusiasts are ocd on details etc). So more owners can often be better not worse (though this won't be in all cases). I just don't understand why number of owners is such a big issue. You are buying the car not its previous owners. Proper due diligence should identify any issues with the cars condition / provenance bigunit00 said:
I find this logic somewhat counterintuitive. Most new owners spend money on toys getting them up to their desired level (many enthusiasts are ocd on details etc). So more owners can often be better not worse (though this won't be in all cases). I just don't understand why number of owners is such a big issue. You are buying the car not its previous owners. Proper due diligence should identify any issues with the cars condition / provenance
That`s a good point, like you say this type of cars doesn't just fall into the hands of a Sunday driver trading in his car and deciding to purchase this.Biggest point/concern for me is the resale value with that amount of owners, took along time on previous car with discounting to shift with 6 owners let alone 8.
Think you will get pros and cons as advice on here
You really need to go with your personal gut feeling. If it will always bother or worry about selling it's your decision
Personally I don't worry too much whether it's 3 or 5 owners when I buy them as more conscious of spec, condition etc
However some of the buyers of specialist cars are funny out there !! They will ask no. Of owners and no. Of services and not ask about condition or mods. As soon as you say 6 or 7 owners - they lose interest and don't take it further
I know what you mean as i have had one VXR8 4 x times to sell in 5.5 years. All genuine reasons for selling. The first 3 times I sold it no problem. 4th time with 6 previous owners - it put everyone off
Just took ages to shift and traded it to a friend in the end
Funny old world out there
You really need to go with your personal gut feeling. If it will always bother or worry about selling it's your decision
Personally I don't worry too much whether it's 3 or 5 owners when I buy them as more conscious of spec, condition etc
However some of the buyers of specialist cars are funny out there !! They will ask no. Of owners and no. Of services and not ask about condition or mods. As soon as you say 6 or 7 owners - they lose interest and don't take it further
I know what you mean as i have had one VXR8 4 x times to sell in 5.5 years. All genuine reasons for selling. The first 3 times I sold it no problem. 4th time with 6 previous owners - it put everyone off
Just took ages to shift and traded it to a friend in the end
Funny old world out there
darrenv8 said:
Mine will be listed on here shortly bright red vxr 3 owners low miles pristine
Darren - tried to PM you but it says you dont permit this/ticked that option.Red with low owners sounds perfect! any way we could have a chat over email etc?
Thanks
Michael
Edited by ziggmike93 on Monday 26th September 14:26
preciousmetal said:
Think you will get pros and cons as advice on here
You really need to go with your personal gut feeling. If it will always bother or worry about selling it's your decision
Personally I don't worry too much whether it's 3 or 5 owners when I buy them as more conscious of spec, condition etc
However some of the buyers of specialist cars are funny out there !! They will ask no. Of owners and no. Of services and not ask about condition or mods. As soon as you say 6 or 7 owners - they lose interest and don't take it further
I know what you mean as i have had one VXR8 4 x times to sell in 5.5 years. All genuine reasons for selling. The first 3 times I sold it no problem. 4th time with 6 previous owners - it put everyone off
Just took ages to shift and traded it to a friend in the end
Funny old world out there
Totally understand the above, it is a funny world! Money orientated/black and white and if the face/amount of owners doesn't fit then its discarded regardless of like you said spec etc.You really need to go with your personal gut feeling. If it will always bother or worry about selling it's your decision
Personally I don't worry too much whether it's 3 or 5 owners when I buy them as more conscious of spec, condition etc
However some of the buyers of specialist cars are funny out there !! They will ask no. Of owners and no. Of services and not ask about condition or mods. As soon as you say 6 or 7 owners - they lose interest and don't take it further
I know what you mean as i have had one VXR8 4 x times to sell in 5.5 years. All genuine reasons for selling. The first 3 times I sold it no problem. 4th time with 6 previous owners - it put everyone off
Just took ages to shift and traded it to a friend in the end
Funny old world out there
It is a car that I have wanted for a long time now so my heart is saying do it but the head is holding back due to the resale struggles. The next owner will be the 9th on the log book and that is mad!
I think I will let my heart and head do some fighting and see who wins! lol.
Thanks James.
Regards
Michael
Michael
This is my car you are you are on about and I understand your concerns but it didn't bother me as I went on condition and history.
I have a folder of receipts and all mots showing the history. If you want to talk about it give me a call or you could speak to Monkfish i don't mind they will tell you about the car
Thanks
Denis
This is my car you are you are on about and I understand your concerns but it didn't bother me as I went on condition and history.
I have a folder of receipts and all mots showing the history. If you want to talk about it give me a call or you could speak to Monkfish i don't mind they will tell you about the car
Thanks
Denis
BlueDevil said:
Michael
This is my car you are you are on about and I understand your concerns but it didn't bother me as I went on condition and history.
I have a folder of receipts and all mots showing the history. If you want to talk about it give me a call or you could speak to Monkfish i don't mind they will tell you about the car
Thanks
Denis
Hi Denis,This is my car you are you are on about and I understand your concerns but it didn't bother me as I went on condition and history.
I have a folder of receipts and all mots showing the history. If you want to talk about it give me a call or you could speak to Monkfish i don't mind they will tell you about the car
Thanks
Denis
Thanks for the reply, I did email you last night via your car advert.
Thanks
Michael
with a lot of yank cars there are a lot of owners as people buy one on a whim and then get scared by the mpgs not being in line with the expectations of their last diesel fiesta (I realise that this is an Aussie car but I suspect that the same holds true).
The thing (IMO) to do is take a look and buy on condition
The thing (IMO) to do is take a look and buy on condition
Urgh, people get so picky about mileage/owners etc...
Of course a 10 owner car isnt going to hold the same values as a 1 owner car, like wise a 100k mile car isnt going to hold the same values as a 10k miles car.
So long as the price is right and your not paying 10k/1 owner money for a 10 owner/100k car then whats the problem.
Just make sure its not a dog,
I know this might annoy a few people but I find some cars (monaros/vxr8s) are put up on a pedalstool over here in terms of mileage and owners.
Yes a low mileage ro or vxr8 would be nice, but when launched they were an everyday car not a Lamboghini/Ferrari etc etc. They are just a normal car, and compared to most similar cars these are bloody reliable in terms of miles!
Ill say sorry now
Of course a 10 owner car isnt going to hold the same values as a 1 owner car, like wise a 100k mile car isnt going to hold the same values as a 10k miles car.
So long as the price is right and your not paying 10k/1 owner money for a 10 owner/100k car then whats the problem.
Just make sure its not a dog,
I know this might annoy a few people but I find some cars (monaros/vxr8s) are put up on a pedalstool over here in terms of mileage and owners.
Yes a low mileage ro or vxr8 would be nice, but when launched they were an everyday car not a Lamboghini/Ferrari etc etc. They are just a normal car, and compared to most similar cars these are bloody reliable in terms of miles!
Ill say sorry now
Edited by Phillphill on Monday 26th September 16:57
Phillphill said:
Urgh, people get so picky about mileage/owners etc...
Of course a 10 owner car isnt going to hold the same values as a 1 owner car, like wise a 100k mile car isnt going to hold the same values as a 10k miles car.
So long as the price is right and your not paying 10k/1 owner money for a 10 owner/100k car then whats the problem.
Just make sure its not a dog,
I know this might annoy a few people but I find some cars (monaros/vxr8s) are put up on a pedalstool over here in terms of mileage and owners.
Yes a low mileage ro or vxr8 would be nice, but when launched they were an everyday car not a Lamboghini/Ferrari etc etc. They are just a normal car, and compared to most similar cars these are bloody reliable in terms of miles!
Ill say sorry now
Truth though...pay to play! Another short term owner means another knock to the cars value. Fine! No problem. Of course a 10 owner car isnt going to hold the same values as a 1 owner car, like wise a 100k mile car isnt going to hold the same values as a 10k miles car.
So long as the price is right and your not paying 10k/1 owner money for a 10 owner/100k car then whats the problem.
Just make sure its not a dog,
I know this might annoy a few people but I find some cars (monaros/vxr8s) are put up on a pedalstool over here in terms of mileage and owners.
Yes a low mileage ro or vxr8 would be nice, but when launched they were an everyday car not a Lamboghini/Ferrari etc etc. They are just a normal car, and compared to most similar cars these are bloody reliable in terms of miles!
Ill say sorry now
Edited by Phillphill on Monday 26th September 16:57
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