DISCLAIMER: This thread may contain matters which reflect badly upon Mitsubishi Motors Australia Limited, and the Mitsubishi 380. The reader should note that the contents of this thread are known fact, and not the personal opinion of the writer, who thinks Mitsubishi makes a superior product than OTHER Australian manufacturers. If you may be offended by the content of this thread, DO NOT READ IT!

Spotted this morning in the Adelaide Advertiser. Agostino Mitsubishi has a "used" 380, 2005 model, for... $19,888. Ouch!

Brand new ones are about 26, so i'm not suprised

whats so bad about that? they're selling new ones for 28k drive away now. so 20k is not too bad for a 2 yr old vehicle

add stamp duty and transfers ur pushing 20800, not too bad considering ford are selling "program" BF XT falcons with alloys & 12mths rego for 21888 drive away.

Falcon:
http://www.carsales.com.au/used-cars/dealer/FORD/FALCON/details.aspx?__Ns=pCar_Price_Decimal%7C0%7C%7CpCar _StatusSort_Int32%7C1&Make=FORD&__Nne=20&State=All%20States&R=848833&state_id=0&__N=4294966463%200+834+285+258+287&distance=25&__Dx=mode%20matchany&trecs=1424&__sid=10F19347FC34&sort_type=3&silo=1000&keywords=falcon%202005&__Ntk=CarAll&Cr=8&__D=falcon%202005&seot=0&__Ntt=falcon%202005&__Ntx=mode%20matchallpartial
http://www.carsales.com.au/used-cars/dealer/FORD/FALCON/details.aspx?__Ns=pCar_Price_Decimal%7C0%7C%7CpCar _StatusSort_Int32%7C1&Make=FORD&__Nne=20&State=All%20States&R=1205464&state_id=0&__N=4294966463%200+834+285+258+287&distance=25&__Dx=mode%20matchany&trecs=1424&__sid=10F19347FC34&sort_type=3&silo=1000&keywords=falcon%202005&__Ntk=CarAll&Cr=12&__D=falcon%202005&seot=0&__Ntt=falcon%202005&__Ntx=mode%20matchallpartial
http://www.carsales.com.au/used-cars/dealer/FORD/FALCON/details.aspx?__Ns=pCar_Price_Decimal%7C0%7C%7CpCar _StatusSort_Int32%7C1&Make=FORD&__Nne=20&State=All%20States&R=938011&state_id=0&__N=4294966463%200+834+285+258+287&distance=25&__Dx=mode%20matchany&trecs=1424&__sid=10F19347FC34&sort_type=3&silo=1000&keywords=falcon%202005&__Ntk=CarAll&Cr=16&__D=falcon%202005&seot=0&__Ntt=falcon%202005&__Ntx=mode%20matchallpartial

Commodore:
http://www.carsales.com.au/used-cars/dealer/HOLDEN/COMMODORE/details.aspx?__Ns=pCar_Price_Decimal%7C0%7C%7CpCar _StatusSort_Int32%7C1&Make=HOLDEN&__Nne=20&State=All%20States&R=1141932&state_id=0&__N=4294965857%200+834+285+258+287&distance=25&__Dx=mode%20matchany&trecs=1310&__sid=10F19347FC34&sort_type=3&silo=1000&keywords=commodore%202005&__Ntk=CarAll&Cr=15&__D=commodore%202005&seot=0&__Ntt=commodore%202005&__Ntx=mode%20matchallpartial
http://www.carsales.com.au/used-cars/dealer/HOLDEN/COMMODORE/details.aspx?__Ns=pCar_Price_Decimal%7C0%7C%7CpCar _StatusSort_Int32%7C1&Make=HOLDEN&__Nne=20&State=All%20States&R=353658&state_id=0&__N=4294965857%200+834+285+258+287&distance=25&__Dx=mode%20matchany&trecs=1310&__sid=10F19347FC34&sort_type=3&silo=1000&keywords=commodore%202005&__Ntk=CarAll&Cr=17&__D=commodore%202005&seot=0&__Ntt=commodore%202005&__Ntx=mode%20matchallpartial

I can find more, what's your point? These are all 2005 models and LESS than the one you saw...

Considering the RRP of a 380 is $27,990 for the manual, add $2k for the auto and many dealers have $27,990 drive away for some brand new ones, even for the auto, that is a loss of $4k a year, which isn't too bad.

Compare that to a Falcon which is around $35k new and a Commodore which is now $36k new.

If you paid $35k say, for a Falcon XT on the road (in '05). Now you will be lucky to get $22k for it. That's a loss of $13k or $6.5k a year... more then the 380.

And yes, I know that 380 had the $34.5k RRP, but that price was changed and there is no point using the old price considering they don't cost that new.

On another note April was a bad month for the 380, but I have a feeling people are hanging out for SIII. I think it was 723 sold :( But, considering easter holidays where shops aren't open I spose it isn't that much of a suprise. I think you'll find 380 sales will rise with S3.

Somebody already previously pointed out how much the 380 VRX's price fell. (Imagine what S1 GTs are worth now...)
I'd say there's nothing unrealistic about that value.

i dont understand what this thread is about

it the advertised price to high or to low or has it lost too much value

iron man please tell us why you said ouch

i dont understand what this thread is about

it the advertised price to high or to low or has it lost too much value

iron man please tell us why you said ouch


Cause the phone rang while he was ironing ... :P lol :D

i dont understand what this thread is about

it the advertised price to high or to low or has it lost too much value

iron man please tell us why you said ouch

Its about the re-sale value of a 380.

A car will loose 5k when you drive it away from the dealership. Magnas and 380's have always been 'cheap' cars for what they are, so the re-sale value reflects this.

To be honest, if thats the base model 380 he is talking about, I'm suprised the resale price is that high.

Eveybody knows the large fleet cards (including Commodore and Falcon, not just Magna/380) go into freefall price wise as soon you drive it off the lot.

Buy a Mazda or Honda if resale value after 2-3 years is the most important thing to you.

iron man please tell us why you said ouch

Mainly because the SEVERAL TL, TW, and even TJ series Magnas and equivalent Veradas in the same yard that were ABOVE or close to this price.

In yesterday's car guide in the paper Pickles auctions in Adelaide have a 380 LS for $18,990 under there fixed priced cars.

If someone wanted to get an absolute bargain this would be one to get. Good thing is that it still has atleast another 3 years+ factory warranty!

your comparing a verada with a base model


thats like saying ouch that 1990 M3 costs more than a 1999 318i


of course it does cos its got way more features...

compare exec model TL/TW with base model 380....not vrx/veradas with the base 380, thats just stupid :gtfo:

05 TW ES, looking at under $20k easy...so ummm next point?

cars loose value for many reasons so before making judgment on prices weed need more information like the no. of ks and the condition of the car. like it may have been in a serious accident and repaired. the LS is like an advance, it didnt come with factory leather like the LX.

Its about the re-sale value of a 380.

A car will loose 5k when you drive it away from the dealership. Magnas and 380's have always been 'cheap' cars for what they are, so the re-sale value reflects this.

Latest Wheels magazine comparo between the aussie sixes has the following figures based on Redbook 3 year resale:

Ford Falcon XT = 38.3%
Holden Commodore Berlina = 47.8%
Mistubishi 380 SX = 50.8%
Toyota Aurion Prodigy = 61%

The 380 doesnt compare too badly IMO.

"Ouch" should be the Falcon owners. :cry:

Cheers.

Latest Wheels magazine comparo between the aussie sixes has the following figures based on Redbook 3 year resale:

Ford Falcon XT = 38.3%
Holden Commodore Berlina = 47.8%
Mistubishi 380 SX = 50.8%
Toyota Aurion Prodigy = 61%

The 380 doesnt compare too badly IMO.

"Ouch" should be the Falcon owners.

Cheers.

Thanks for that :) I had a feeling Falcon values won't doing to well. I really noticed this a few weeks ago when I was at an auction (Pickles - Adelaide) where an '05 BF XT went for a touch over $13,000!! It had ~60,000km on the clock.

This thread = :owned:

'Ouch' Should be for anyone that buys a Toyota/Ford/Holden/Mitsubishi, throw in Daewoo, Suzuki and any other well known cars that everyone drives... You drive anyone of these cars of the lot and you loose 30% straight up... We are driving cars that are as common as sunshine, 30grand for a car these days is petty cash, so unless we're gunna faulk out 80plus grand for a BMW or LEXUS or MERC the depreciation is gunna stay

I'm surprised the Aurion is depreciating like that.
Toyota hold their value a LITTLE better normally.

Mazda and Honda are where its at for good trade in value.

the more a car is sold to fleets (which includes all aussie built cars) the less the resale value is going to be. When you get a whole bunch of 2 year old, low km cars constantly flooding onto the market as rental and government fleets dump their cars, resale is always going to suffer

man, why do people care so much on resale value, serisouly cars aren't investments, if your that hell bent on worrying about resale value don't buy a car and catch the train or something.

cars are to be used, not to sit there and make money, seriously.

'Ouch' Should be for anyone that buys a Toyota/Ford/Holden/Mitsubishi, throw in Daewoo, Suzuki and any other well known cars that everyone drives... You drive anyone of these cars of the lot and you loose 30% straight up... We are driving cars that are as common as sunshine, 30grand for a car these days is petty cash, so unless we're gunna faulk out 80plus grand for a BMW or LEXUS or MERC the depreciation is gunna stay


These luxury models depreciate worse.

You have to factor in purchase price when you look at depreciation, and the more you spend the harder you get stung!

.If a $80,000 BMW holds 60% of it's value over 3 years thats a $32000 loss.

.If a $34,000 380 holds 50% of its value over 3 years thats a $17,000 loss.

And a lot of luxury marks have even worse depreciation!!! Don't just look at the resale rating, it's only relevant when the cars you compare have the same initial purchase price.

All cars depreciate, some a little worse then others. Only ones that won't are collector's items that you would be too scared to drive anyway!!!!

you want an example of ouch:

2005 Verada GTVi AWD new = $46,990

The same car in October 2006 with 15,000 km on the clock = $24,000, only owned and driven by Mitsubishi Australia.

Was a very good buy for me at 24k.

I would hate to have been the one buying it new.

you want an example of ouch:

2005 Verada GTVi AWD new = $46,990

The same car in October 2006 with 15,000 km on the clock = $24,000, only owned and driven by Mitsubishi Australia.

Was a very good buy for me at 24k.

I would hate to have been the one buying it new.

Haha.. that is an example. Very sweet car you have there though :)

These luxury models depreciate worse.

You have to factor in purchase price when you look at depreciation, and the more you spend the harder you get stung!

.If a $80,000 BMW holds 60% of it's value over 3 years thats a $32000 loss.

.If a $34,000 380 holds 50% of its value over 3 years thats a $17,000 loss.

And a lot of luxury marks have even worse depreciation!!! Don't just look at the resale rating, it's only relevant when the cars you compare have the same initial purchase price.

All cars depreciate, some a little worse then others. Only ones that won't are collector's items that you would be too scared to drive anyway!!!!

My mates dad bought a brand new BMW 320i in June / July 2004. He paid a touch over $78,000 on the road (he got the TV in the dash + sunroof). As a trade-in like a month and a half ago they offered him $34,000 for it on a brand new BMW 325i worth just over $90k. The reasons BMW (Adelaide Motors) gave for a **** trade in price was: 1) He had done more then expected km's in 3 years --- 62,000km and 2) He had it serviced for the portion of the third year (October 2006 - April '07) somewhere else, as in not at Adelaide Motors. Now that is what I call ****-house resale. He ended up selling it privately for $40,000 and had a buyer from the paper in a matter of hours.

he paid $78k for a 320i? they retailed for like 62ish thousand when new! even with a tv and a sunroof he got screwed! dealer saw him coming!!

The reason Mistubishis have always been cheaper a few years old is the fact that the dealers (and Mitsubishi) have a habit of HEAVILY discounting the old model to clear it out of stock before the new one arrives. So, if you bought asay a TW series 2 for $28k in January, and teh dealer starts getting 380s in, he sells your equivalent car for $24k to get rid of them, and your car is now worth $18 or so.........
They did it with the TS, the TL/TW and various other vehicles, notably Pajeros. They even did it back with Starions and Sigmas.
Not news at all. But it gives us, those who know who makes the best Australian built cars access to good deals!:D

Regards, Andrew.

This thread makes me pleased..
Bought the late2005 TW 3 weeks ago as a standard Ex-Gvt car 42000K and paid a shade over $10,000 (from a Mitsy Dealer) and factory warranty until early 2011!

Modded a touch since then though!

we all know we are going to get ass raped when we sell all our cars but... i didnt buy my car to sell it......

we all know we are going to get ass raped when we sell all our cars but... i didnt buy my car to sell it......
Neither did I. Anyone who buys a modern car as an investment needs their head read.

you would have to be mad to buy a new car of any sort, you will loose at least 5k the second you drive it out the door.

i can buy a tl tw magna for around the 10k mark depending on km
i could of bought a 380vrx for 20k with 15000km on it, about 1 month ago.

the market is flooded with aussie 6 bangers ford holden mitsu and toyota are all used as renta cars or gov cars, in the last 3 days at work around 8 tl magnas turned up 10 falcons 10 commodors and so on, we are waiting atm for 180 blue care cars to turn up. falcons and focuses they will be selling very cheep as they dont want the stock to hang around.

best advice i can give is buy from auctions, as you will pay the same as what the dealers are willing to pay.

and TL's and TW's are cheap coz noone likes them :cool: :badgrin:

i am also contemplating to buy whether a xr6T, VE SV6, or a 380. i'm tempted to go for the 380 as they are very cheap and reliable.

haha thats three differen't style of cars your tossing up between

ones sports with performance, ones sports, and ones a mere sedan,