The first ever Mighty Car Mods Canberra meet was impressive
The turnout was huge and didn't just attract the locals, it attracted people from all across the...
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These luxury and performance cars used to be top dollar, but you might be surprised what's in the bargain bin now.
We were wondering which cars from our listings have depreciated the most over time. Turns out the mid '90s to early '00s seems to be the sweet spot for greek-tragedy-tier falls from grace in terms of today's pricing.
Cars like 2001 Jaguar X-types and S-types obviously don't fare well because... well who really wants one? But needless to say, pricing would indicate that none of the cars on this list are touted by buyers as future classics...
Let's start with the big ticket items: Prices that still look kind of high, but realistically are very, very low.
Was: $319,500
Now: $68,000
Poor DB7, it shares a chassis with the Jaguar XK8 and doesn't have the modern appeal of the DB9 or the classic appeal of the Vantage or DBS. Although it's a bit stuck in an awkward phase of Aston's history only roughly 7000 units were ever produced so unlike some cars here, this might one day increase in value...
Was: $353,467
Now: $33,000
Yes, for the price of a new Honda Civic you could be driven around in this opulent barge. It's in surprisingly good condition leading us to belive that it was serving a single owner for a very long time. $353,467 in 1989 would equate to, in today's money, $720,141. Fwoah. makes $33k look like a bargain.
Next, we'll move on to amazingly low prices, like first car kind of money:
Was: $130,000
Now: $16,500
Although this chunky 'Rover is a bit of a trailblazer for the modern ultra-luxe SUV trend, it's not really worth much cash now. I mean, that's a lot of car for not much money. If we're still using the Civic as an example, you could have two of these, or one brand new Civic RS. Or just this one and a spare $16,000 for your first service.
Was: $166,000
Now: $5,000
You knew this car would be here. Despite the fact that Pierce Brosnan drove a '97 7-Series in Tomorrow Never Dies it clearly didn't do a whole lot for this car's brand equity. It cost a massive $166,000 in 1997, which is about $270,000 in today's money. Even if it completely breaks down after the first 6 months, I could think of worse ways to spend $5k.
And now an outlier that's so outrageously cheap you could pretty much junk-roll them at this point. (as in, just buy another one every time it breaks down.)
Was: $80,900
Now: $1,750
Time has been particularly unkind to the base model Audi A6. This one costs a mere $1750. One caveat: It isn't registered, but it looks as though that would be a simple formality at this point. Sure, stuff will probably rattle or fall off, and if you ever take it to be serviced (don't do this) it will cost at least three times what you paid for it, but that's okay. Just tow it to the wreckers and buy another one, you might even get $500 back for salvage.
Have you ever rolled the dice on an insanely cheap car from a luxury marque? Tell us about it in the comments.
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