Too much cash? Buy yourself a Munro! [Archive]

cam-o

09-02-2006, 01:49 PM

The last Monaro ever made (until they do another one) went up onto ebay about 3 hours ago and had already cracked $250,000. :eek:

Sure you get a custom paintjob and a signed badge, but damn!

I dig cars and quite like Munros, but for a quarter of a mill I expect a prancing horse or a raging bull on the bonnet.

http://cgi.ebay.com.au/ws/eBayISAPI.dll?ViewItem&item=4611976689&ssPageName=ADME:B:EF:AU:1

NCR600

09-02-2006, 01:56 PM

What a joke.

It'll be worth about 10-15% of that in a few years time when the re-launch (to great fanfare and self aggrandizement) the 'NEW' Monaro.

Auctions are a great way to part a fool and his money.

Richard Branson bought a 1917 Triumph motorcycle in the early 90's for a similar price, when the market value was something like $7000- as an investment. The price today? about $7000!

Dane

09-02-2006, 02:19 PM

I too think this is a joke, but hey.. its for charity. Don't get me wrong, in the old holden vs ford thing i'll lean towards holden, but honestly they could've done something special with it. Better Engine? ls2 or even that 7 Litre one that ate Lambos/Ferraris for lunch. Woohoo a bit of paint and some badges. I think I might go get my VT Wagon sprayed that colour. Think it will add $200G to the price? I bet there'll be another commodore sized coupe out within two/three years

MasterOfReality

09-02-2006, 03:06 PM

And in the end its still the same dodgy made Holden. Build quality of those cars aren't exactly first class.

What a joke.

scblack

09-02-2006, 03:09 PM

As Dane said all proceeds of this auction go to charity.

It's not an investment (not that any car is an investment).

looseunit

09-02-2006, 03:18 PM

OMG the current bid is for $423,001.00, who the hell would pay that much for Holden.

Any guess what some rich fool will end up paying for that car?

NCR600

09-02-2006, 03:19 PM

Didn't realise it was for charity. I suppose that makes it ok. I just hpoe the person that buys it doesn't think that they've done anything other than made a donation though.

ona rampage

09-02-2006, 03:34 PM

Well, you could buy the car, and then take the whole sale price and write it off your income for the year (donations to charities are a tax deduction), leaving you with a negative income...

:D

scblack

09-02-2006, 03:43 PM

Well, you could buy the car, and then take the whole sale price and write it off your income for the year (donations to charities are a tax deduction), leaving you with a negative income...

:D
Nyet!!

It is not tax deductible, as the buyer has purchased a car costing ~$400k. That is not deductible. Same as a raffle ticket purchased for charity is not deductible - you are purchasing an ITEM for the money. Simply writing them a cheque is deductible, but not if you purchase something. Or the pens, badges you buy, they are not deductible either.

stinkytodamax

09-02-2006, 03:54 PM

Shit! its up to 500g's. Better be the best Holden ever made.

at least 100% is going to charity

JDDVL.

09-02-2006, 03:57 PM

Hit $500,000,
Sorry but that is getting ridiculous,
It is for charity and all but for $500,000 I would want something a littler nicer than a monaro.

-nat

cam-o

09-02-2006, 04:00 PM

Shit! its up to 500g's. Better be the best Holden ever made.
Nope, it's the same as the $60,000 version.
I showed the link to guy at work who drives a 6 month old Monaro and he cracked up, reckons his is a piece of crap and a ripoff at the normal price.

My gut feel is a lot of these are dud bids and they'll end up cancelling heaps of them or resetting the auction.

scblack

09-02-2006, 04:01 PM

It is for charity and all but for $500,000 I would want something a littler nicer than a monaro.

-nat[/SIZE][/FONT]
Yes, thats what I was saying here at work. If I was to be spending $400k plus on a car, it's not going to have a Holden badge on it.:D

Cave Dweller

09-02-2006, 04:02 PM

The funniest thing is the factory is still making the left hand pontiac version for the states, so its not even the last one to roll of the production line.

stinkytodamax

09-02-2006, 04:09 PM

Nope, it's the same as the $60,000 version.
I showed the link to guy at work who drives a 6 month old Monaro and he cracked up, reckons his is a piece of crap and a ripoff at the normal price.

My gut feel is a lot of these are dud bids and they'll end up cancelling heaps of them or resetting the auction.

Thought I read in the FAQ's something about a bidders registration. Guess you could still screw with them if you really wanted to.

cam-o

09-02-2006, 04:15 PM

Thought I read in the FAQ's something about a bidders registration. Guess you could still screw with them if you really wanted to.
There is a bidders rego process but they say you must register either before or soon after you bid. So there is nothing on the Ebay site to stop you bidding, but if you want it to count you need to register.

donthucktoflat

09-02-2006, 04:30 PM

GM Holden and eBay.com.au are offering you the chance to win the last of Australia’s undisputed 21st century sports hero, the legendary Monaro.
Get yer Fuckin hands off it! best in the 21st century? i think not. what about the XR6Turbo? makes as much power out of a six. unless by muscle car they mean shithouse handling, random breakdowns and an engine that sounds like it's gonna stall

(mind you, i love cammed engines, i just needed to come up with the third for the list. )

dhd

09-02-2006, 05:35 PM

It's not an investment (not that any car is an investment).

Really? I reckon I wish I bought a shed full of early Falcon GTHO's a few years back. Good phase III's are getting around $350,000 these days. I remember "nearly" buying one for $10,000 and laughing at the guy for wanting so much............(Bill kicks himself repeatedly....Aaaarrgggghhh!)
I doubt the Monaro will ever see any return as an investment though. I think it's more for rich guys to have bragging rights at the country club.

aday

09-02-2006, 05:44 PM

I wouldn't pay $60,000 for one:p . $500,000 for a Holden, someones oviosly had to options of burning there money or buyinga monaro.
Nah, its all good for charity.

Renegade

09-02-2006, 05:54 PM

haha 527K now, amazing. Would be funny if it was just any old monaro being sold by one of those ebay scammers. with 527k ide rather just buy a normal CV8R and soop it up, also a Maloo R8, Storm V8 ute and.. a few pairs of juicy 7's haha.

johnny

09-02-2006, 06:10 PM

(not that any car is an investment).
Oooo, I reckon the Rolls Royce Silver Ghost may be an exception to that rule!

I had to go to the extreme to argue that one!!:p

lotec

09-02-2006, 06:19 PM

shelby mustang is another...

bighitter

09-02-2006, 06:29 PM

Hemi cuda's are another car that are being sold quite regularly for $750,000 - over $1 000 000 US
But 500K for a stock standard Monaro, with a few special badges, and a 1 offpaint job is a joke ! Me, id be all over an aston martin DB9 :eek: in a heartbeat if i had that sort of cash around
Lets just hope the Leukemia society get the cash and puts it to good use.

lotec

09-02-2006, 06:43 PM

heh youd have a lot of change left over form a db9, what thats going for you could almost get a vanquish S :D

Dan.

09-02-2006, 07:03 PM

its up to $701 850 now

aday

09-02-2006, 07:21 PM

OMFG $1,000,000:eek: :eek: :eek: :eek: :eek: :eek: :eek: :eek: :eek: :eek: :eek:
EDIT: The damn thing still has 9 days left for cying out, its going up by the $100,000's at the moment.

JDDVL.

09-02-2006, 07:28 PM

1600% profit over the average price (60,000 isn't it)
I have a feeling those bids wont fall through consedidering it still has 9 days to go.

-nat

mustard

09-02-2006, 07:34 PM

its up to 2.5 million. jeez people these days, well at least its going towards a good cause.

LTR

09-02-2006, 07:34 PM

Haha. 2.5mil.

JDDVL.

09-02-2006, 07:37 PM

AU $3,000,100.00

turned into a bit of a joke,i might have a bid:p
Edit:AU $5,000,100.00 ohk it's offically a joke now
-nat

roxy12

09-02-2006, 07:40 PM

scblack
It's not an investment (not that any car is an investment).[/QUOTE]

disagree this with alot. BF family builds and restores rods.

'32 pickup bought 13k worth 48k

cuda (unfortuatly not bought by them)bought 100k now worth 275k approx

ooh the list goes on these are just my favs

normal cars now are worth nthing, ie the manaro i hardly think my magna will ever be wanted by anyone!
but hey its for a good cause!

Superman

09-02-2006, 07:41 PM

This is a bullshit auction i reckon.

dirt_extreme

09-02-2006, 07:58 PM

I rekon its a fake one to its at 8 mill now.

Numinos

09-02-2006, 08:01 PM

Holy Crap!! $8 000100
now that is just crazy for a monaro you wouldnt even drive it.

Kammy

09-02-2006, 08:07 PM

nothing suss................................ only AU $8,000,500.00 and reserve has finally been met:confused:

kizza01

09-02-2006, 08:13 PM

Just Keepin an eye on the biddin and it has hit $10,000,100! There are goin to be mass bannings from Ebay IMO.

lotec

09-02-2006, 08:17 PM

i wonder if those bids are for real :rolleyes: thats 6 pagani zonda F s and counting :eek:

Superman

09-02-2006, 08:32 PM

back to 8 mill.........

dirt_extreme

09-02-2006, 09:36 PM

Its currently like 150 grand, thats more like it.

Drizz

09-02-2006, 09:55 PM

Nyet!!

It is not tax deductible, as the buyer has purchased a car costing ~$400k. That is not deductible. Same as a raffle ticket purchased for charity is not deductible - you are purchasing an ITEM for the money. Simply writing them a cheque is deductible, but not if you purchase something. Or the pens, badges you buy, they are not deductible either.

You can try to claim the car is a “collectible” that you bought for $500K, sell it for around 60K and claim the rest as capital lost which offset with other investments capital gain. :p

But than again if I remember tax law correctly, there is a clause where the tax commissioner can claim that $500K is exuberance price for a Monaro and revalue it down to something more tame…. :confused:

dhd

09-02-2006, 11:09 PM

Hmmmm...........Bet the guy who has the 2nd last one thinks he stole it for $60K now!

Fatman

09-02-2006, 11:20 PM

It's a load of money to shell out for any car let alone a Holden.

My best mate is a Holden salesman, he said that since release they have had a hell of a time trying to shift them but now that they are going out of production they can't get enough of them. He's had people buy them regardless of colour or trim just so they can have one. Still they might never get made again, but I'm sure they said that in the 70's too.
As long as the money goes to charity I guess it's all good.

lotec

09-02-2006, 11:55 PM

how funny would it be if holden turned around in a week and said hey guys we've had a change of heart, we're gonna continue making the monaro" :D

scblack

10-02-2006, 08:06 AM

It's not an investment (not that any car is an investment).
I stand by that statement.:)

You guys may ba able to give me a list of possibly - lets say - maximum 20 cars ever made in the world that would make you a return on the investment.

GTHO, Shelby, Deusenberg are a couple that you may have made a nominal profit on. Surely others, but thats just a quick snap.

THEN we take account of inflation, registration, service costs, rebuilds, replacement parts, fuel, insurance, time of the owner, storage and there are other costs I guess. THEN I will assure you that there is less than a HANDFUL of cars that would ever make a profit.

Compare that to a $10,000 investment in Microsoft back in the 70s or 80s - it would be worth in the tune of $10,000,000 today.

You can call a car an investment if you like, but really it's a labour of love. I love cars too, but I'm not about to "invest" in a car.

wombat

10-02-2006, 09:52 AM

THEN we take account of inflation, registration, service costs, rebuilds, replacement parts, fuel, insurance, time of the owner, storage and there are other costs I guess. THEN I will assure you that there is less than a HANDFUL of cars that would ever make a profit.
But if it's purely an investment, then none of those factors, other than maybe storage and obviously inflation, would really be of a concern. If you're using your "investment" car as a regular driver, then you'd have those costs, but most people would be able to offset them against the alternative costs of running another car or alternative transport, which would account for them to a certain extent, wouldn't it?

MrPlow

10-02-2006, 10:00 AM

I once paid $19k for a holden...
Biggest regreat of my life so far.

scblack

10-02-2006, 10:18 AM

But if it's purely an investment, then none of those factors, other than maybe storage and obviously inflation, would really be of a concern. If you're using your "investment" car as a regular driver, then you'd have those costs, but most people would be able to offset them against the alternative costs of running another car or alternative transport, which would account for them to a certain extent, wouldn't it?
I could get so semantic on this topic - but if you are driving it daily, it's not an investment, it's a means of transport, but it may be eventually sold for more than another car, which you could have chosen. But anyone who would consider buying a car as an "investment" will have two, three or more daily cars anyway. So replacing alternative costs is not right, I don't think.

An investment provides a return, either income, or capital, or both.

A car does not provide any income return, other than taxis or hire cars. So thats out.

That leaves Capital gains. SO FEW cars would provide a real gain after all the costs I listed, that I rule it out.

As I said a car is a labour of love - if you want to call it an investment, bully for you, but basically a car is a depreciating asset.

Dozer

10-02-2006, 03:32 PM

And in the end its still the same dodgy made Holden. Build quality of those cars aren't exactly first class.

What a joke.

And you know this because of what? Dodgey quality my arse mate, I and my family have owned Holdens for a long time and everyone of them has been fucking fantastic. How many have you owned? Can you back this comment up? You hit a nerve with that one dude.....
As for people paying a high price for this car: I say good luck to them. It is a special car and it will be bought for a special purpose. The whole idea of it is for charity and that makes it all the more special. Someone will love the car...

wombat

10-02-2006, 03:42 PM

I could get so semantic on this topic - but if you are driving it daily, it's not an investment, it's a means of transport, but it may be eventually sold for more than another car, which you could have chosen. But anyone who would consider buying a car as an "investment" will have two, three or more daily cars anyway. So replacing alternative costs is not right, I don't think.
The point that I was getting at is that say you bought something like a GTHO 10 years ago with the intention of keeping it for 15 years as an investment and then selling it.
You can buy it (assuming it was in good running shape as you bought it), and since it is only an investment, not a driver, stick it in the garage and not drive it or register it. That way you don't worry about your rego, running costs, fuel etc.
Your only costs should be storage, and some sort of off-road insurance, along with some really basic maitenance. Like Bill mentioned, today those cars are fetching a damn fortune and I'm sure you'd get a return on your money spent.

I just thought that your list of expenses wasn't quite right for a car intended to be simply an investment.

scblack

10-02-2006, 04:24 PM

The point that I was getting at is that say you bought something like a GTHO 10 years ago with the intention of keeping it for 15 years as an investment and then selling it.
You can buy it (assuming it was in good running shape as you bought it), and since it is only an investment, not a driver, stick it in the garage and not drive it or register it. That way you don't worry about your rego, running costs, fuel etc.
Your only costs should be storage, and some sort of off-road insurance, along with some really basic maitenance. Like Bill mentioned, today those cars are fetching a damn fortune and I'm sure you'd get a return on your money spent.

I just thought that your list of expenses wasn't quite right for a car intended to be simply an investment.
For a car left in a garage, yes you'd probably be roughly right about the costs I guess. But I reckon there'd be more than basic maintenance. I have read stories of Porsches being stored for many years, then dragged out for race days, and their brake seals failing, and being ploughed into a wall. Deterioration of many things would have to be carefully managed.

The GTHO is possibly the ONLY car in Australia's manufacturing history that could manage to give a positive real return.

I venture to say that it would VERY RARE for anyone to buy and just store a car simply as an investment.

Personally I would class cars as a collectible item, not as an investment as such. Many will be very valuable, especially to the owner, but to have the sole objective of ownership to be to make money (which is an investment), would be very very rare.

Dan.

10-02-2006, 04:33 PM

its gone down to $160 000 now

NeBoS

13-02-2006, 03:36 PM

Thanks Wombat, didnt see the thread...

Anyone know why the price has gone down, and now back up? :confused:

Drizz

13-02-2006, 03:55 PM

Thanks Wombat, didnt see the thread...

Anyone know why the price has gone down, and now back up? :confused:

Ebay actually call some of these bidders to verify whether they are genuine bidders. I guess some of them changed their mind. It is a Munaro afterall.:rolleyes:

Superman

13-02-2006, 03:57 PM

Thanks Wombat, didnt see the thread...

Anyone know why the price has gone down, and now back up? :confused:

Dummy bids got deleted, now the serious bids are comming in.

Arete

13-02-2006, 04:14 PM

And you know this because of what? Dodgey quality my arse mate, I and my family have owned Holdens for a long time and everyone of them has been fucking fantastic. How many have you owned? Can you back this comment up? You hit a nerve with that one dude.....
As for people paying a high price for this car: I say good luck to them. It is a special car and it will be bought for a special purpose. The whole idea of it is for charity and that makes it all the more special. Someone will love the car...

Trying to be as diplomatic as possible here...
Australian motor industry quality control is simply not up there with the euro's or the Japanese. Nothing drastic is wrong with GMH or Ford build quality, however, in my experience (I owned a falcon, Dad has a Falcodore company car replaced on 10 000k.. so a couple a year usually) Just stupid stuff goes wrong with them all the time: oil leaks, window switches, leaking seals, pumps blowing up etc etc etc.

On the other hand, my parents have always owned Japanese cars (Mazdas and subies) and i currently own a Mazda. The silly things that go wrong with an Australian cars just don't happen. Every Jap car we've ever owned has banged out at least 100 000k's before anything remotely serious has gone wrong.

My expereince with European cars is limited, but I doubt you'd have the same issues with a german car, given their reputations. Maybe some of the more obscure (Italian and English come to mind) cars have bad reps, but I don't hear of many Merc's going through 3 trannies in 2000k's (one of Dad's commies).

Commodores are cars that many Australians are passionate about, which is cool. However, you shouldn't let passion blind you to the faults in them, and one of the main faults in Australian built cars is inconsistent build quality.

AnthonyJosephNelson

13-02-2006, 08:32 PM

I bought a 93 falcon for $1500.
His name is little nels.
He has 259000km's and does good skids.

MasterOfReality

14-02-2006, 12:35 PM

And you know this because of what? Dodgey quality my arse mate, I and my family have owned Holdens for a long time and everyone of them has been fucking fantastic. How many have you owned? Can you back this comment up? You hit a nerve with that one dude.....
As for people paying a high price for this car: I say good luck to them. It is a special car and it will be bought for a special purpose. The whole idea of it is for charity and that makes it all the more special. Someone will love the car...

Yes, I can back this up.

I previously owned a VS v6 and now have a VP HSV v8, so I can only speak about the older Commodore models. Most of my mates own newer Holdens like VX, VY and VZ. From what I have personally seen, and driven, they are not much of an improvement over the older ones.

Take a good look at interior fit and finish, the way the body panels line up, the problems that plagued the early Gen III's, the dodgy IRS that chewed out rear tyres until it was only fixed recently, the myriad of interior rattles and squeaks etc etc.

And check out the automatic transmissions that they use in the latest Commodores. They are updated versions of the same dodgy box in my VP!!!

Its not what you would exactly associate with the word 'quality'.

From the Commodores that I have owned, both have suffered water pump failure, power steering pump failure, power window problems, malfunctioning gauges, the list goes on. Keep in mind, the VS had 120,000km on it when I sold it, and the VP I have now has 123,000km on it. Not exactly ultra high mileage is it?

True, the drivetrains may last 300-400,000km, but whats the point when the rest of the car falls apart around it??????

So why do I own one? Affordability of course. Thats why most people buy one, unless you are one of those die-hard Holden nuts who can't accept any alternative. When I am in a position to afford something better, I will be shopping with the Japs and Germans.

And if Holdens were as good as their Euro counterparts, they would cost a hell of a lot more too!!!