A Volvo hatch sub 35K driveaway is unheard of! Comes with a free Navigation Pack. Fairly decent specifications: https://www.volvocars.com/au/cars/new-models/v40/specificati…
Some other good runout deals on MY17 Volvo cars including the XC60 SUV Luxury for $55,888!
By the way, the vehicle with the highest resale value after 3 years isn't a Landcruiser, but is in fact the big thirsty V6 Toyota FJ Cruiser. After 3 years, it's worth an astonishing 80% of it's original value, according to Redbook.
@MrZ: If you look at real world figures, people made money on FJs. before they finished production, people where picking them up in the low 40s. Now they are retailing for $50k second hand.
@MrZ:
That’s some very selective numbers you have chosen at the high end. $23,600 is the lower end of the guide price. Now if you look at the real
Figures on carsales for the same car, they vary from $20k for the lowest to $24k for the most expensive in Australia.
That means real world depriciation is between 50% and 60% (but no one is going to pay full price on carsales, so you could probably say a 55% avg).
Not really. I picked the highest figure because Redbook always underquotes a car's true value. Also, the high figure represents a car in excellent condition with low km, whereas the lower figure is for one in average condition with high km. Assuming you've kept your car in good nick and haven't done more than average km, you'll usually get the upper figure when it comes time to sell.
@MrZ: Well they clearly didn’t under quote the car’s value. As i said before, the highest price in Australia for a 2014 Mazda Astina is 24k. The lowest is 20k. The average is closer to 20k and not a single car listed on carsales will go for it’s listed price. The 3 year resale is this between 50% and 60% (for a dreamer), and the realistic 3 year resale would be just above 50%. Nowhere near the 70% you quoted. You might own one, you might love it, but it’s resale is inline with all the other cars in the segment.
Okay, there are plenty of Mazda3 Astinas selling for the 70% figure I quoted. On Carsales, I see the following 2014 models: Manual: $25,900, $25,500, $25,000, and $25,000. Now, Redbook says a manual should be worth, at most, $24,900! So there you have it - 4 of them selling for more than the upper Redbook price. There's also an auto selling for $25,900, which is just shy of the Redbook quote of $26,200.
I just edited my comment above - please re-read. Plenty selling for the 70% mark, but they're manuals. And why did you say the highest price on Carsales for one was $24k, when there are clearly 2 selling for $25,900??
@MrZ: When I searched before, the highest was $24k. You unequivocally will not get 70% back on a 2014 Astina. It won’t happen. I can advertise my house for $20million for a 2000% return. It won’t sell though.
You won't get the Redbook figure on the Volvo either. Both will realistically sell for less.
Nope. Firstly, that 20k one is a sedan. I was talking about the Astina hatch. Sedans will always fetch less because they aren't as popular (although Redbook doesn't seem to acknowledge this). Not only that, but it's blue (one of the least popular colours with lowest resale), and it has above average mileage (62k). Average mileage for a 3-year-old car is more like 45k (or 15k per year). Furthermore, you provided 1 example, while I provided 4 examples of ones closer to 70%.
How did I guess you'd be up first thing in the morning replying to my comment? I'm not grasping at anything - I've quoted Redbook, the authority. You've shown me one example on Carsales. Who has the stronger argument??
@MrZ: You and I both know that carsales has a plethora of cheap 2014 Mazda Astinas. You are trying to hand pick the most expensive examples, to prove your point. The majority are much cheaper than you have said, and the expensive ones will obviously not sell at their listed price. RedBook is a fine guide, but it is not updated to reflect accurate market prices. Carsales is where you look at prices. The Mazda 3 is and was a shorty car then and now. It does not command a premium because of this.
We also both know that nobody is selling their manual Astina for 50% (or $18,000 out of $36,000 purchase price). We also know that the Mazdas are worth much more than the Volvo V40, which was my original point.
@MrZ: I thought the price was $38,190? Funny how your figures jump around to suit your point. We both know that you would not get anything like 70% which was your original claim. The actual 3 year value would be in the 50-55% figure.
$36k for manual, $38k for automatic. Originally, I quoted automatic so as to do a fair comparison with the Volvo, which isn't available in manual.
Yea what good is a spiderman sticky thing when you don't have any car glass to stick it on!
150hp in a 2 tonne car with a 6 speed gearbox. My goodness…
What are you on about - 2 tonnes?! The V40 weighs 1400kg - 112 kW is perfectly acceptable. Were you looking at the GVM? You need to look at either kerb or tare weight.
Weights
Specifications_Key Total Weight
Six-speed Geartronic™ automatic transmission 1965
That's what was specified in the link… didn't bother to verify. It's a Volvo, doesn't spark much interest in me to read much more about it.
Correct, however, as I mentioned elsewhere, this is a typo. Volvo have incorrectly listed the GVM as the car's weight! In reality, the car's kerb weight is closer to 1400kg (Volvo NZ list the T4 as 1428kg - the T3 should be even lighter since it has a smaller engine, but that model isn't available in NZ).
I love my Volvo, they are so well engineered
Bloody Volvo drivers…
Be aware that Volvo resale value is atrocious. A V40 will be worth 50-55% after 3 years, compared with a typical Japanese hatch (like a Mazda3) which will usually fetch 65-70% in the same period. This can amount to you throwing an additional 5-7 grand down the drain in loss of value, over a 3 year period.
Volvo also charge a ridiculous $1100 extra for metallic/pearl paint, while most Japanese brands charge only $500 (Mazda and Subaru don't charge anything).
Very true, if you keep your car for 3 years. If you leased the Volvo your repayments would be lower then you can scrap it after your 3-5 year lease is up. Or buy it for market value, which for Volvos are very low.
If you are looking for a nice reliable car with a lower purchase price this is your best bet. Can't say a mildy spec'd up mazda 3 compares to this for the same price.
Even if you kept the car for 5 years, you'd still get much more for the Mazda. Of course, the longer you keep the car, the smaller that difference becomes, but you'll still always get less for the Volvo. I'm not familiar with leasing, so can't comment on that.
5 years? On average people keep cars for 8+ years. For which your depreciation will look similar, and you just drove a better car for 8 years. 2009 Mazda 3 MPS's were about 40k+ new and can be had for <12k.
Sorry, but I disagree with your 8 year+ figure. Maybe a few decades ago, when people who were lucky enough to buy a new car would save up for years and years, and hold on to the car for ages because it actually held it's value well over time (and buying another new one so soon wasn't possible). These days, with cars being so affordable, and salaries much higher, people are trading in far more often.
However, after 8 years, your Mazda is still worth 36%, compared with 26% for a Volvo C30 hatch (no V40 back in 2009). Of course, that 10% difference (or $3500 approx) isn't that much over a period of 8 years, but it's not to be ignored either. Even after 8 years, an extra $3500 in the pocket isn't too bad.
Stop with this bullshit
Volvo … proudly owned by Geely Group of China
Support the Chinese economy !
At the prices they are selling them at, chinese car manufacturers will be hard to beat. Here is another example - https://www.4x4australia.com.au/news/1709/ldv-t60-ute-arrive…
I now strictly go to ONLY hoyts since it's been bought out by Chinese. … also cause they have larger recliner seating…
Friends don't let friends buy Volvo.
Oops. Bought one yesterday at full price!)
Just return it n re-purchase! Or claim through your CC price protection.
Looks nice on the outside but so dated inside.
The XC90 on the other hand is very nice though.
No deal. The T3 has been around this price since launched, especially for floor stock.
A mate managed to get a demo down very close to $30k driveaway 6 months back.
At least aim for $32k driveaway. Will be easier if you go to a dealership with bmw, audi and merc all next to eachother. "Explain" to the helpful salesman that you would also want to try out the A3, 1xx, B class unless s/he can cut you a deal for $30k.
Side note. The centre console is tedious. Also thinking the DSG is the same one used in the Ford Focus. Was looking at this car too, but didnt end up getting one.
I'd rather buy an used WRX than this….
Enjoy your oil consumption, headgasket, fuel economy, ringlands, reliability, and servicing/parts cost over the long term. For a car as new which is considerbaly more than this. LOL.
Volvo buyers usually bargainers , as they wil keep their “Volvo for life”
Any idea how much it usually cost on service? I know at BMW/Mini wheel balance alone costs $150!!
That cost is out of alignment!
Lol
I don't buy cars, I just hire bikies to take me everywhere.
Don't forget to use cashrewards.
And pay in google play vouchers, bought on sale.
And claim your TRS refund.
Wanted to buy 3 but damn no option to buy online.
XC60 SUV Luxury
What are the service and running costs?
Landrover discovery sports has 3 years free servicing but is about $15k more for less tech and luxury.
For the XC60 SUV Luxury for $55,888 has anyone had success to haggle this down to $50k?
This car got pedestrian air bag? why am I paying for this not pedestrian
You would be better off with Lexus CT200H I would have thought?
Is this grey import?
No band 28? No deal!
Would rather something around the 80k mark which appreciates in value.
Is phone fine?
Better off getting one that runs on eneloops.
Thanks OP bought 38575.
Where is the bargain?
What are you talking about? My argument is based on Redbook figures.
To prove it, here is the value of a 2014 Mazda3 Astina 2.5L auto, according to Redbook:
$26,200 (out of $38,190 purchase price) = 68.6%. Okay, not quite 70%, but close enough.
Now, we'll look at the value of a 2014 Volvo V40 D2:
$18,700 (out of $36,990 purchase price) = 50.6%.
So, when/if you sell your car after 3 years, would you rather get 19 grand, or 26 grand for it?