Looking for my first car, Dad and I have just been to inspect a 1985 VW Scirocco Mk II which an old man we know is selling. The seller told us he was selling it for 'fifteen,' making us think $1500 NZ dollars. The condition of the car was fairly poor, except it had a reasonably good engine. However has thrashed it every day of its life, and it hasn't been garaged for its 25 years of existence. He's pulled the radio out, the heaters/a.c doesn't work and the car is finished in faded matte paint. We later found out, after making an offer of $1300 NZ dollars, that he actually meant $15,000 NZD leaving my father and I annoyed and amused. What is a realistic amount of money that this car is worth? I've converted the currencies to make it easier for those of you overseas to make sense of it all.
Is it worth:
$1500 NZ
690 British pounds
$1100 US
$1140 Australia
or is it worth his estimate:
$15,000 NZ
6955 British pounds
11,005 US
$11,390 Australia
Is it worth:
$1500 NZ
690 British pounds
$1100 US
$1140 Australia
or is it worth his estimate:
$15,000 NZ
6955 British pounds
11,005 US
$11,390 Australia