mycarprice.com.au


Explanation of Terms

All vehicles within this site are said to be in “guide condition”. Any variations may affect a vehicle's value, and allowances should be made for these. Listed below are the major factors affecting a vehicle's value.

Condition:
All vehicles are assumed to be in “guide condition” an explanation of which is outlined in the “Definition of Guide Condition” below. A vehicle that is in either a substantially better or worse condition than outlined in the section below may require both the trade and retail figures to be adjusted accordingly.

Guide Condition Defined

  • Engine: Operating efficiently and showing no abnormality regarding oil or fuel consumption, compression or engine bearing wear. Exhaust system free from cracks and leakages.
  • Cooling System: Operating efficiently.
  • Integral Construction Members: Free from cracks, other serious defects and repaired fractures; also free from distortion, looseness of any joints or excessive rust.
  • Transmission: Operating efficiently with no abnormal play or noise; free from oil leakages. Clutch or torque converter efficient in all respects, and not requiring immediate replacement.
  • Suspension and shock absorbers: Sound and operating efficiently.
  • Steering: Operating efficiently. Wheels correctly aligned, joints and bearings free from abnormal play.
  • Brakes: Efficient in all respects and not requiring to be relined or replaced immediately.
  • Tyres: Sound and having a legal level of tread and complying with State roadworthy regulations.
  • Electric & Hydraulic Equipment: Alternator, starter, ignition, lighting, control gear and other electric or hydraulic equipment functioning efficiently; battery able to hold charge; wiring and connections in good order.
  • Bodywork: Sound and reasonably well maintained; free from dents or with any damage repaired. Paintwork polished. Doors, windows, sun roof, hood etc. operating correctly.
  • Upholstery: Reasonably well maintained and free from unsightly repairs, tears, stains and burns.
  • Registration: Complying with roadworthy requirements in all respects and carrying approximately six months registration on average.

Kilometres: The bulk of used passenger vehicles that come onto the market within four years of their initial sale as a new vehicle come from one of the fleet areas, government, business or rental. Such vehicles, because of the environment in which they operate, average between 15,000 and 25,000 km per annum. Those vehicles that have travelled substantially more or less than the higher spec vehicles of this parameter may require the trade and retail figures to be adjusted.

After five years the bulk of the passenger vehicles are in the hands of private owners, at which time the average distance a private owner will travel each year is 16,000 km.

Fleet vehicles generally incorporate both business and private travel in their annual distances, while privately owned vehicles annual distance is generally just that – private km.

From the time they are new, most prestige vehicles travel an average of 10,000 and 15,000 km per year. Our approach to annual km allowance is reflected in the right hand column beside each vehicle. The odometer allocation starts from the date of a vehicle release and is adjusted each month.

Equipment Level: All vehicles in this site are valued with standard features and do not include any optional extras. Optional extras can affect a vehicle's value, therefore any extras above standard equipment levels may require both the trade and retail figures to be adjusted.

Regional: Values for like vehicles of similar age and odometer reading can vary between state, city and town in Australia. Considerable variances that exist between metro and rural valuations are now even more obvious.

These variations occur primarily because of local supply and demand factors. A vehicle being sold in an unfamiliar environment will also impact on its value. Such vehicles need to be assessed on the basis of the local market environment.

Based on our most recent comparison of regional values, the following variations were identified. Key metro and rural areas were compared to the Sydney and Melbourne markets, which account for approximately 67% of annual used vehicle transactions. The tolerances provided by vehicle segment for nominated regions should be taken as a percentage of the values expressed in the site.

Important Note:

  • These adjustments may themselves vary during the course of the year due to regional influences such as supply and demand and seasonality.
  • Darwin values will range by up to 10% - 15% variance over the year. Values tend to fall to the lowest comparison point during the wet season.
  • 1.0 New Price Section

    The new price section of the Site lists makes and models that are current. I.e. they are still in manufacture or are still being imported, and appear on the manufacturer/importer's latest price list. This section does not include private imports.

    The New Price Section is divided into the following categories:

    • Make & Model: Make and model name and body style. Driven wheels and induction type are usually indicated.
    • CCs: Engine capacity in cubic centimetres.
    • CYL: Indicates the number of cylinders. All engines are petrol except where indicated: D(diesel), T(turbo), R(rotary).
    • TRANS: Type of transmission i.e. 5M (5 speed manual), 4A (4 speed automatic), T (Tiptronic).
    • kW: Kilowatt. Unit of power, or rate of doing work. A kilowatt is approximately equal to 0.75 brake horsepower.
    • WRS: The standard wheel rim size on a vehicle as stated by the manufacturer. Where possible, the width as well as the diameter is displayed in this field. Dimensions are measured in inches.
    • $: Prices shown are the recommended retail, including GST and allowances must be made for registration or other on-road costs. Differing freight and handling charges may cause some variation from State to State.
    • POA: Price on application to the distributor.
    2.0 Used Price Section

    The used price section goes back 11 years. It shows used prices that have been extensively researched. This research has mainly been carried out in capital cities. Generally an allowance must be made for regional variations.

    The prices published do not refer to any specific vehicle. They are a guide to the probable value of a vehicle that has travelled kilometres said to be average for its age, and in “guide condition.”

    The used prices are the result of careful analysis of information received from reliable sources. Every effort is made to maintain their accuracy but we cannot be responsible for errors and omissions.

    • Yr: Our values are based on the build date of a vehicle. That date which is stamped on the build plate in the engine compartment of a vehicle. On Australian built vehicles, this date may also appear on the compliance plate.
      Where a specific build date is not indicated on a compliance plate, the build plate is the reference point used by Glass’s Information Services. However, the official release date of the vehicle may be quite some time after its build date, even into the following year. This anomaly may also occur when comparing build dates with discontinued dates. Both the build date and the “year of first registration” are important when valuing a vehicle.
    • New: Manufacturer's last price for the year, including GST but not on road costs.
    • NSD: Not sufficient data. Applied when vehicles have been sold in such small quantities that the sample obtained may not represent the true market value of the vehicle.
    • km: The average number of kilometres travelled by a vehicle according to its age. Average kilometres can be calculated by multiplying the number in the kilometre column by 1000 (eg: 23 x 1000 = 23000 km). Adjustments should be made for higher or lower odometer readings.
      NB. The variability of distances travelled by vehicles with diesel engines means that any attempt to categorise these vehicles with average km ratings would be inaccurate and unsuitable for diesel powered vehicles.
    • Transmission: Prices are for vehicles with automatic transmission except in cases where only manual is available. If available in both transmission types, the top notes will state “M opt”.
    • Final Drive: Indicates which wheels power is delivered to for final drive. ie. FWD, RWD, 4WD.
    • Induction: Method of fuel delivery. ie. Carb, EFI, MPFI

    To avoid misrepresentation: We consider the safest method of describing a car is to quote the model series or number specified by the manufacturer and the build date of vehicle.



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