Potential Purchase - Too many previous owners?

[ziggmike93]

Hi All,

Been floating around for a while now, reading and doing my research whilst waiting patiently for a Monaro VXR to pop up.

I did have my heart set on a red example but for a number of months I have either been unlucky/ too slow or they just haven’t popped up

I was at TRAX yesterday and came across a silver example, must say in person they do look awesome and potentially will consider it with the right upgrades etc.

One has just recently came up for sale, have seen the owner posted on Facebook regarding it. It looks perfect and has had the right amount of work done, but the amount of previous owners is putting me off.

The car has had 7 previous owners, with my potential purchase that would make it 8 at the point of sale!

Earlier this year I had an Audi S5 (08) and that had 6 previous owners including me. I had to drop the price a lot in order for the car to sale as the amount of owners put everyone off.

What would you guys do regarding the owners? Worth it considering its had the desirable mods (exhaust,ls7 clutch, remote bleed, RRP)

Car was registered march 2007.

I am in two minds at the moment.

Thanks
Michael

[ziggmike93]

bigunit00 said:

I find this logic somewhat counterintuitive. Most new owners spend money on toys getting them up to their desired level (many enthusiasts are ocd on details etc). So more owners can often be better not worse (though this won't be in all cases). I just don't understand why number of owners is such a big issue. You are buying the car not its previous owners. Proper due diligence should identify any issues with the cars condition / provenance

That`s a good point, like you say this type of cars doesn't just fall into the hands of a Sunday driver trading in his car and deciding to purchase this.

Biggest point/concern for me is the resale value with that amount of owners, took along time on previous car with discounting to shift with 6 owners let alone 8.

[ziggmike93]

darrenv8 said:

Mine will be listed on here shortly bright red vxr 3 owners low miles pristine

Darren - tried to PM you but it says you dont permit this/ticked that option.

Red with low owners sounds perfect! any way we could have a chat over email etc?

Thanks
Michael

Edited by ziggmike93 on Monday 26th September 14:26

[ziggmike93]

preciousmetal said:

Think you will get pros and cons as advice on here

You really need to go with your personal gut feeling. If it will always bother or worry about selling it's your decision

Personally I don't worry too much whether it's 3 or 5 owners when I buy them as more conscious of spec, condition etc

However some of the buyers of specialist cars are funny out there !! They will ask no. Of owners and no. Of services and not ask about condition or mods. As soon as you say 6 or 7 owners - they lose interest and don't take it further

I know what you mean as i have had one VXR8 4 x times to sell in 5.5 years. All genuine reasons for selling. The first 3 times I sold it no problem. 4th time with 6 previous owners - it put everyone off
Just took ages to shift and traded it to a friend in the end
Funny old world out there

Totally understand the above, it is a funny world! Money orientated/black and white and if the face/amount of owners doesn't fit then its discarded regardless of like you said spec etc.

It is a car that I have wanted for a long time now so my heart is saying do it but the head is holding back due to the resale struggles. The next owner will be the 9th on the log book and that is mad!

I think I will let my heart and head do some fighting and see who wins! lol.

Thanks James.

Regards
Michael

[ziggmike93]

BlueDevil said:

Michael

This is my car you are you are on about and I understand your concerns but it didn't bother me as I went on condition and history.
I have a folder of receipts and all mots showing the history. If you want to talk about it give me a call or you could speak to Monkfish i don't mind they will tell you about the car

Thanks
Denis

Hi Denis,

Thanks for the reply, I did email you last night via your car advert.

Thanks
Michael

[ziggmike93]

H5V VE said:

Arent we all missing the point here?

No-one is saying that the car in question has a problem. The OP was simply speculating on the effect that number of owners will have come resale time should HE try to then move it on.

I dont see any suggestion that this car - or any other high owner car - is bad per se - it was simply a question about peoples perceptions when he comes to sell it.

Exactly that, I am not questioning the condition of the car in question nor if it’s been looked after as I can see it’s a mint example with loads of history to back that up (better than most low owner examples).

Until 6 months ago I would have purchased this in a heartbeat, I was not bothered with amount of owners like the majority of you guys but once you get a big financial hit it makes you think twice.

Understand this is the type of car that does get passed around a lot due to the running costs etc and my previous car was the same so with 6 owners I understood that. Loads of history along with FSH and pristine condition made me buy it and forget the owner situation.

It then came around to selling and that’s when the problems occurred, all the history, previous bills, FSH, and condition never mattered to anyone and I couldn’t shift it for market value nor anywhere near that figure.

Eventually I had to reduce the cost a hell of a lot in order to shift the car.

Appreciate the feedback and comments on both sides, it’s made me think.