Re: Anyone bought a new car recently?
 

Well that is interesting - I'll have a little look at that. Thanks very much for the help!:thumbsup:

Re: Anyone bought a new car recently?
 

Yeah i find you should always barter even when sales are supposedly on and not just for new cars. We have bought 2 new cars at different ford dealers in the last 3-4 months and we managed to get 4000$ knocked off plus free registration, stamp duty etc, free tint, alloys, powered windows, cruise control, metallic paint and car mats.

I have got huge discounts on outdoor furniture, fridge freezer, hoover and even a juicer!

Happy bartering!

Re: Anyone bought a new car recently?
 

I've never heard of a car dealer who will barter with you.

If someone comes across one, let me know and I'll see if I can swap my old wind surfer for a new Toyota 4x4. :D

Re: Anyone bought a new car recently?
 

Well I wasnt 100% sure:confused:, I figured to get a more accurate comparison I wouldnt finance it at the start (as I could put this down from the sale of our current car) and if I did finance it I would own it at the end of the term and not have the balloon to pay.
Down the Novated route I would have to find $16K at the end.

Re: Anyone bought a new car recently?
 

I see what you are saying but the trick is to choose a car which will retain its value. Look after the car and hopefully it should be worth as much or, more likely, more than the balloon payment. You can then sell the car, pay off the balloon, pocket the profit and start another lease.
If all goes to plan you get a new car every 3 years on the cheap. Obviously you have the hassle of selling and refinancing every 3 years though (or however long your finance is).
It looks to me that you can't go wrong with these schemes as long as you get a good price at the outset, don't buy an end of series model, and look after the car.

Re: Anyone bought a new car recently?
 

I totally agree, i've made some initial enquiries, the residual value of the vehicle is basically done on a depreciation schedule, so there's no option to negotiate this down. It'll be the same with whoever you do your novated lease through.
The figure does seem very low though, a $45K car dropping to about $22K after 36months. I've got a 5 year old car thats only dropped just over 50% of its value, so expect this one to be worth at least high $20K's after 3 years and under 50K KM's.

Re: Anyone bought a new car recently?
 

And that's where you make your money!

I think I said earlier in the thread that I sold a car at lease end privately for $20k but only had to pay off something like $13k back to the lease company.

In theory you could consider that you have paid for that profit during your lease term and are then receiving it back as a lump sum at the end.

I guess it would be worth adding up three years of the lease payment (of the vehicle only, not all the consumables) to see the total paid over three years. If that added up to $23k in your example then you would have paid for that depreciation in full (and then receive some back on selling the car).

Re: Anyone bought a new car recently?
 

I'm sure someone posted a link to a site showing current manufacturer deals that you could use to haggle even harder with the dealers, but I can't find it now - not in this thread anyway. Anyone know what it was?

Re: Anyone bought a new car recently?
 

It might of been this one:
www.discountnewcars.com.au

Re: Anyone bought a new car recently?
 

Don't think so, but that one looks useful too.

Re: Anyone bought a new car recently?
 

Hi Gothchick,

Can you tell me what percentage of window tint is allowed.? My windows are 30% but not sure about in OZ.

Thank,
Gillian:cool: