Reply With QuoteShould have told us, and we could have done a group buy, sold it, and shared the profits!
We recently had an end of lease TS SRi Turbo being disposed of at the end of its 4 year term. 48,000km, fresh tyres all round, full service history, no mods, no accident history in Blue.
How much do you reckon it fetched?
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$17500 (inc Stamp duty) !!
If someone had bought my AH, i'd have given it some serious thought at that price!
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Should have told us, and we could have done a group buy, sold it, and shared the profits!
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Just out of curiosity, whats the cheapest car on your books?
"At the moment you have the answer to fuel consumption by looking at diesel, but governments then charge extra taxes on it so they make that option really unavailable to the public because they chose to put a levy on the fuel." - Tom Walkinshaw (HSV)
Thats just not cricket...
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Cheapest residual value? or Cheapest Purchase price?Originally Posted by pred8r
Basically you can lease any car on a Novated Lease (so i suppose technically, the Hyundai Getz is the cheapest new car you can have on lease @ $12990).
But if you mean residual value, then we have some Symbion Pathology Toyota Echo's with 180,000+ km, sketchy service history and a colourful accident history going for around $5000 (2-3 years old mind you!)
the residual of my CDTi will be about $14k after 3 years. i estimate it will do about 80,000km by then. no way i'll let that one go, not at that price!
Renault SPORT Clio RS 200 Cup Trophee
That would be residual value then.
Not a bad price, have to remember to contact you if ever the need for el cheapo transport is required.
"At the moment you have the answer to fuel consumption by looking at diesel, but governments then charge extra taxes on it so they make that option really unavailable to the public because they chose to put a levy on the fuel." - Tom Walkinshaw (HSV)
the residual of my CDTi will be about $14k after 3 years. i estimate it will do about 80,000km by then. no way i'll let that one go, not at that price!
Don't take that residual value too seriously.
The lease comany's are conservative with their residual values (typically 45% 3 yrs) to avoid making a loss on any car. At LeasePlan if we sell the car for more than the agreed residual value, then the customer gets the difference. If there is a short fall (which means we have done a poor job in controlling residual risk) then LeasePlan has to wear it.
We also offer the drivers the choice of selling the car themselves and paying off the residual (ie residual = 14K after 3 years, you decide to sell it yourself, it goes for $18K, you pay off the 14K owing on the lease and keep $4000 to spend on beer, bongs and hookers).
Unfortunately, these prices are only avaible to liscenced vehicle traders (LMCT) and LeasePlan staff members (ie me!). More unfortunately, people have been fired for using the system to buy cars and sell them at a profit with out declaring the extra income!
I'm currently looking a 2005 TW Magna (5 yr warranty) for around 13K on road. I know they are ugly, but thats a bargain!
Correct me if Im wrong, but if you found a vehicle you wanted, then approached a LMCT to buy it for you with $500-$1k cash for his trouble, itd pretty much be a done deal.
"At the moment you have the answer to fuel consumption by looking at diesel, but governments then charge extra taxes on it so they make that option really unavailable to the public because they chose to put a levy on the fuel." - Tom Walkinshaw (HSV)
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