Hi all,
I have never bought a car at auction and I am look at buying 2007 Mitsubishi 380 GT DB Series 2 that Pickles have for auction at the moment.

It has done 37400kms and was a lease car for an accounting firm in perth.

Its has a sunroof, dual air bags, abs, 17" alloy wheels, side air bags, rear parcking sensors, leather seats, cruise control, auto climate control and driving lights.

They say mechanical condition on engine = good, gearbox = good, alernator and battery = good, suspension = good, brakes = good, differential= good, lights = good, steering = good.

the body condition is good but has light scratches and a little gutter rash on each of the 4 rims.

car has had all services to date and on time.

How much should I go up to if you were buying the car from them at the auction? any extra adivce or opinions etc

Thanks

http://www.redbook.com.au/Tig/UI/PagePopup.aspx?R=87429&PhotoID=MITS0929&h_mid=&f_mid=&c_mid=4417838&pid=361965&tabID=1407517

Full Spec List is:
17" Alloy Wheels
8 Speaker Stereo
ABS (Antilock Brakes)
Adjustable Steering Col. - Tilt only
Air Cond. - Climate Control
Air Conditioning - Rear
Airbags - Driver & Passenger (Dual)
Airbags - Side for 1st Row Occupants (Front)
Alarm
Antenna - in Rear Glass
Armrest - Front Centre (Shared)
Armrest - Rear Centre (Shared)
Audio - MP3 Decoder
Bluetooth System
Body Colour - Bumpers
Body Colour - Exterior Mirrors Partial
Body Colour - Grille Surround
Body Side Mouldings - Colour Coded
CD Stacker - 6 disc In Dash/Cabin
Central Locking - Remote/Keyless
Chrome Exhaust Tip
Chrome Headlamp Bezels
Chrome Taillamp Bezels
Control - Park Distance Rear
Control - Traction
Cruise Control
Cup Holders - 1st Row
Cup Holders - 2nd Row
Disc Brakes Front Ventilated
Disc Brakes Rear Ventilated
Door Pockets - 1st row (Front)
Drive By Wire (Electronic Throttle Control)
EBD (Electronic Brake Force Distribution)
Electric Seat - Drivers with Memory
Electric Seat - Passenger
Engine Immobiliser
Fog Lamps - Front
Front Stabiliser
Headlamps - Blacked Out Surrounds
Headlamps - Clear Lenses
Headrests - Adjustable 1st Row (Front)
Headrests - Integrated 2nd Row
Independent Front Suspension
Independent Rear Suspension
Leather Hand Brake Lever
Leather Seats - Embossed
Leather Steering Wheel
Map/Reading Lamps - for 1st Row
Mesh Grille
Mesh Grille - Lower Bumper
Metallic Finish Door Handles - Interior
Metallic Finish Inserts
Metallic Finish Instrument Surrounds
Multi-function Control Screen - Colour
Multi-function Steering Wheel
Power Door Mirrors
Power Steering
Power Windows - Front & Rear
Rear Apron
Rear View Mirror - Electric Anti Glare
Remote Boot/Hatch Release
Remote Fuel Lid Release
Seat - Passenger Lumbar Adjustment Manual
Seatback Pockets - 1st Row (Front) seats
Seatbelt - Load Limiters 1st Row (Front)
Seatbelt - Pretensioners 1st Row (Front)
Seatbelts - Lap/Sash for 5 seats
Speed Dependant Wipers
Spoiler - Front
Spoiler - Rear
Sports Seats - 1st Row (Front)
Strut Brace - Front
Sunglass Holder
Sunvisor - Illuminated Vanity Mirrors Dual
Suspension - Sports
Tail Lamps - Blacked Out Surrounds
Tail Lamps - Clear
Tinted Windows
Trip Computer

p.s. i know private price as per redbook is $20,400 - $22,800

I would have thought around the $17-18K at the most.

No sunroof....I wouldn't buy it just because of that. :)

Its has a sunroof, dual air bags, abs, 17" alloy wheels, side air bags, rear parcking sensors, leather seats, cruise control, auto climate control and driving lights.
umm, he says it does have a sunroof??

yeah it does have a sun roof lol i take it Blackstar your not a fan of them lol

The best way to gauge how prices are going is to use Pickles Live feature ... register and you'll be able to watch auctions live and see the bidding live. Have a look at say Sydney or Melbourne if you have time.

Usually auction prices are between the Max trade in price and the minimum private sale price on Redbook. So for this car your looking at $18700 - $20400. Depending on condition panel repair etc.

Having said that the 380's I have seen go through have at times been cheaper. This is mainly due to them being a discontinued line and Mitsubishi's usual hard depreciation.

Don't forget you need to factor in Auction fees / registration / stamp duty ... the bidding for these is going to be fairly soft ie your not going to be really competing , what the last bid is will be a good fair price.

it's done very low kms and has a decent amount of warranty left, around $24K mark is where I would stop bidding.

umm, he says it does have a sunroof??

the spec list normally says it has a sunroof if it does.

only going by the specs he posted....:happy:

Auction price - no more than 18k. You can get them in dealers for $21k (same kms, ex lease deals)

thanks all, I didnt get it because it went for 24800 :( i couldnt justify the extra $$$$

better luck next time I hope :(

wow, someone sure payed top dollar! do I get a medal for having the closest estimate? xD
check out carsales.com. the 380s on there are a fair bit cheaper. link:
http://www.carsales.com.au/all-cars/results.aspx?N=1216+1246+1247+1252+1282+4294964597 +4294964376+904&keywords=&tsrc=allcarhome&Nne=15

GT's are getting top dollar at the moment.

But they add a few more costs at auction...so better to get carsales for sure.

Wow that is alot of coin for a Series 2.

wow, someone sure payed top dollar! do I get a medal for having the closest estimate? xD
check out carsales.com. the 380s on there are a fair bit cheaper. link:
http://www.carsales.com.au/all-cars/results.aspx?N=1216+1246+1247+1252+1282+4294964597 +4294964376+904&keywords=&tsrc=allcarhome&Nne=15

Check this one out http://www.carsales.com.au/all-cars/dealer/details.aspx?R=7934660&__Qpb=true&Cr=3&__Ns=pCar_RankSort_Int32|1||pCar_PriceSort_Decimal |1||pCar_Make_String|0||pCar_Model_String|0&keywords=&__N=1216%201246%201247%201252%201282%204294964597% 204294964376%20904%204294933127%204294860438&SearchAction=N&silo=1011&seot=1&tsrc=allcarhome&__Nne=15&trecs=4&__sid=11FD28784353

Today...there are zero 380 series III Gt's with sunroof on carsales anywhere in Australia.

i bought my s2 GT in 2009 and it had 24000 on the clock and i got it for $24000 with sunroof

also i have never seen a series 3 GT with a sunroof

series III sunroof didnot come standard but were an extra option.strange indeed

i bought my s2 GT in 2009 and it had 24000 on the clock and i got it for $24000 with sunroof

also i have never seen a series 3 GT with a sunroof


Here is the review of a Series III GT with sunroof...and pretty much every other option as well.

http://www.caradvice.com.au/8800/2008-mitsubishi-380-gt-series-iii-review/