View Full Version : VE will not damage used car prices - What do you think??
VZSS250
23-06-2006, 11:52 AM
It has become apparent that the majority of contributors here believe the VE launch will slash used car prices of VY-VZ.
What most people seem to have not taken account of, is that when VE is launched, the heavily discounted new car prices we have become accustomed to will not be seen again for at least two years.
In the first 6 months, VE will be sold at retail price plus all on roads. This means that instead of paying $48k for a fully loaded VZ SS as we are now, the VE SS is likely to be sold for $58k, NO LESS, with no options.
Holden ofcourse will tell the world that the retail price os the VE SS will have increased only $1500. But dealers know that in the real world, they can get full on roads on a newly released model.
All this means is that a second hand VY-VZ SS will all of a sudden look like great value next to a $58k VE SS.
I think a lot of people are going to be in for a rude shock when they walk into a dealer next year and try to screw the dealer down on price, only to be told about how big the waiting list is and then be directed to the nearest exit.
Coupled with higher interest rates, new car buying is going to be the domain of people with significant cash reserves and high incomes as opposed to the average Joe stretching finances to get his bum in a new car.
Average Joe will now buy second hand.
What do you guys think?
Wether or not there is discounting, such a massive release such as the VE, and the features it will have, brand new design, etc etc etc. Its going to have a MASSIVE impact on used car pricing. With such a radical modern, i dare say even slightly european look to it, its going to make VZ and earlier look old and out of date over night.
Stevotski
23-06-2006, 12:02 PM
Wether or not there is discounting, such a massive release such as the VE, and the features it will have, brand new design, etc etc etc. Its going to have a MASSIVE impact on used car pricing. With such a radical modern, i dare say even slightly european look to it, its going to make VZ and earlier look old and out of date over night.
Gotta agree with this one - people know
a) how much VZ sells for, and that this is not the actual RRP
b) how much newer etc that VE is
VZ 2nd hand prices will be determined by a 2nd hand buyer knowing these 2 facts, and not applying the 'VE' factor to the VZ RRP, but the actual VZ sell price. 2nd hand buyers do not care that the orginal purchaser already got a 'VE factor discount', they will want to apply it again
If any of that makes sense :)
Smitty
23-06-2006, 01:51 PM
It has become apparent that the majority of contributors here believe the VE launch will slash used car prices of VY-VZ.
What most people seem to have not taken account of, is that when VE is launched, the heavily discounted new car prices we have become accustomed to will not be seen again for at least two years.
In the first 6 months, VE will be sold at retail price plus all on roads. This means that instead of paying $48k for a fully loaded VZ SS as we are now, the VE SS is likely to be sold for $58k, NO LESS, with no options.
Holden ofcourse will tell the world that the retail price os the VE SS will have increased only $1500. But dealers know that in the real world, they can get full on roads on a newly released model.
All this means is that a second hand VY-VZ SS will all of a sudden look like great value next to a $58k VE SS.
I think a lot of people are going to be in for a rude shock when they walk into a dealer next year and try to screw the dealer down on price, only to be told about how big the waiting list is and then be directed to the nearest exit.
Coupled with higher interest rates, new car buying is going to be the domain of people with significant cash reserves and high incomes as opposed to the average Joe stretching finances to get his bum in a new car.
Average Joe will now buy second hand.
What do you guys think?
...very interesting post
u should ask the MD of Mitsubishi his thoughts
and why they released a series II at a large discount (like about $5large)
from when the new model was released
me?
I think if Holden increase the RRP prices (maybe 1 or 2% is ok) for VE
over VY ....they won't sell.
IOW, jack the price and you will hand it back as a discount to get sales
however
what we don't know is whether the current market push to small
vehicles coz of fuel prices will continue or whether a new Holden
will stop the slide
time will tell
cheers
My thoughts are that VY-VZ prices are already knackered. Just ask somebody with a nice VY who is getting offered $12000 trade-in at a dealership.
I dont think values will be that hit with VE. Firstly, many buyers will be 5 year owners, ie. people with VX models and older. Secondly, the fanfare of VE will draw attention to Commodore and may actually halpe stimulate the used car market - its like free advertising for used cars.
Remember that you can buy a new VZ now for under $30,000 and come VE dealers will be trying to maintain as close to new retail as possible. As a result the gap between new and slighly used will suddnely grow by at least $5000-$6000
Having been in the game for many years I can assure you that there will be many who wished they had bought a runnout VZ, after they are all gone...
Good VZ models with under 30,000 kms will be in demand for 6 months after the VE release. YOu watch!
VZ prices will go down the toilet. I would hate to have paid 45-50k for a VZ SS and be offered 25-30k trade in a year later.
Aus8
Pickles
23-06-2006, 04:58 PM
My thoughts are that VY-VZ prices are already knackered. Just ask somebody with a nice VY who is getting offered $12000 trade-in at a dealership.
I dont think values will be that hit with VE. Firstly, many buyers will be 5 year owners, ie. people with VX models and older. Secondly, the fanfare of VE will draw attention to Commodore and may actually halpe stimulate the used car market - its like free advertising for used cars.
Remember that you can buy a new VZ now for under $30,000 and come VE dealers will be trying to maintain as close to new retail as possible. As a result the gap between new and slighly used will suddnely grow by at least $5000-$6000
Having been in the game for many years I can assure you that there will be many who wished they had bought a runnout VZ, after they are all gone...
Good VZ models with under 30,000 kms will be in demand for 6 months after the VE release. YOu watch!
My thoughts exactly.
cheers, Pickles.
Glenn@Autowerks
23-06-2006, 05:06 PM
its going to make VZ and earlier look old and out of date over night.
Calm down Ryzz, dont forget as usual with a new model release there will be bugs in it. You still getting one ? Let us know how buggy it is :(
A lot of people will probably hang off till the series 2 is released :)
Growler
23-06-2006, 05:11 PM
I don't think it will be that bad to start with, remember the VZ Ute and Wagon will be sold along side of the VE Commodore/Statesman for a while. When the ute and wagon are/if finally replaced i would expect prices to plummet.
GEN4SS
23-06-2006, 06:31 PM
Very interesting thread guys, not sure if this is right but iv heard that prices will be worse off more so once ve's hit the s/hand market rather than when they are released in showrooms?????
Speedy Gonzales
23-06-2006, 06:34 PM
VE will damage used car prices imo, and with the glut of large cars, I believe there will be discounting them to move them off the floor, good times if you are buying new or used, bad if you are selling.
I also expect the depreciation on these cars to be just as bad if not worse than previous models.
markone2
23-06-2006, 06:35 PM
In the first 6 months, VE will be sold at retail price plus all on roads. This means that instead of paying $48k for a fully loaded VZ SS as we are now, the VE SS is likely to be sold for $58k, NO LESS, with no options.
?
Wishfull thinking imho......after 6 months we will see them hit the auction houses and life will resume as per normal imho......*Open Slather*......and should a VE 11 hit the scene in line with current model upgrades.......................................... ....................:doh:
planetdavo
23-06-2006, 07:02 PM
There are already a load of VY and VZ models flooding the used market from the lease companies, and there be even more PLUS a lot more private customers trading up to VE. There is no way the prices wont drop further, as history quite easily shows, when a glut of one used model is everywhere.....
PS: The DP went to a VE viewing this week, and his word is that the VE is awesome in the metal, and highly marketable. Remember that this was aimed at staff, not customers.....
caseyp
23-06-2006, 11:08 PM
When I picked my VZ ss crewman up in april the sales rep said that they were buying late models for a song as the market was flooded.
This will continue even with the new model. The VE is a new model and as history has shown, the first model will have problems.
Even if I had the money to buy when the VE is released, i wouldn't. I will let the fleet and private buyers find all the problems and then would look at a series 2 before I would buy.
The rep told me that the updated utes and crewman's will not be out before mid 2007.
cluby285
24-06-2006, 06:16 PM
Hi there, There are so many factors involved on the subject as mentioned but in reality you've blown thousands soon as you took delivery.If the dealerships that i 've had to do business with don't improve with customer service & unless HSV can do something about them being so BUTT ugly they will be hard pressed to sell many ve' s. My no resale value 2yr old clubsport will have to stay.I think the general's got a fizzer on his hands soon here, so maybe the vy-vz models become sought after so at least the're worth something.
planetdavo
24-06-2006, 07:59 PM
Hi there, There are so many factors involved on the subject as mentioned but in reality you've blown thousands soon as you took delivery.If the dealerships that i 've had to do business with don't improve with customer service & unless HSV can do something about them being so BUTT ugly they will be hard pressed to sell many ve' s. My no resale value 2yr old clubsport will have to stay.I think the general's got a fizzer on his hands soon here, so maybe the vy-vz models become sought after so at least the're worth something.
I'd be waiting until you see the car in the metal before making this generalisation....;) ;)
VE Turbo
25-06-2006, 01:29 AM
If you go to Carsales.com and have a look, you will notice that you can get a VZ 1 SS for around 30k.
tlr1000
25-06-2006, 01:49 AM
I'd be waiting until you see the car in the metal before making this generalisation....;) ;)
Yes they certainly look good, better than in the photos :drool: Think i will get a VE SS if all goes well.
Wonky
25-06-2006, 02:06 AM
If you go to Carsales.com and have a look, you will notice that you can get a VZ 1 SS for around 30k.
Ex police?
Dacious
25-06-2006, 03:32 PM
I think you'll see a shortterm hold in values - but that's it. VE will do to VT-VZ what VT did to VR-VS, and what VR did to VP-VN.
What will stop the slide in older model resales, is I think the PAYE tax changes the government has made. What made SalSac leasing viable for many salaried people was the marginal tax rate cutting in around $55K. If you did 15,000km a year it was a no-brainer to get a lease vehicle with discounted purchase, servicing and fuel costs, compared to borrowing at personal rates and paying running costs for a car in post-tax dollars. Most people, like me, were up by running costs even with FBT. Now, it will be much closer and push people below about $80Kp.a. to re-assess it.
Increased fuel costs have also pushed lease prices up - a SS a year ago was $16K to fleetlease through Telstra, now it's over $20K. Falling resale values have also hit leasing, so it is dearer based on the anticipated lower return at auction for the company. No-one buys their car off lease from Telstra, as they ask what the car would sell at through the dealer. Many of the guys at my old work who would automatically turn cars over every two years are now talking 'late model used'.
Now it doesn't make economic sense until much higher in the salary scale. What's killing resale now is user-chooser lease cars like XTs, Execs, SV6s and XR6s flooding the market. I think new leases of them will go backwards, which will help the used market stabilise. This won't kill the lease market, but will severely dampen it and return some reality to depreciation.
sandmanls1
25-06-2006, 04:05 PM
what did the VT do to the VS especially when the LS1 came out.. Who wanted a VS HSV 215 when you could get an SS with the same power and six speed box?
Smitty
25-06-2006, 08:26 PM
Increased fuel costs have also pushed lease prices up - a SS a year ago was $16K to fleetlease through Telstra, now it's over $20K. .
if that is happening
tell the leasing coy to stick it up their a....
coz they are ripping off the employee
the increase in fuel costs has NOTcaused
the vehicle cost in a salary package to increase by 25%
geezus ..the major cost in a salary package
is still depreciation (which is inbuilt into the lease cost)
fuel is about 15% of a vehicles annual cost
bloody oxygen thieves..these so called leasing experts :cussing:
what did the VT do to the VS especially when the LS1 came out.. Who wanted a VS HSV 215 when you could get an SS with the same power and six speed box?
Yeah exactly. The people I felt sorry for were people that had spent 65k on a VT1 HSV 195kw only to get hosed off by a VTII SS with 220kw say a month later. You have got to laugh.
Aus8
Dane VN V8
25-06-2006, 09:55 PM
Yeah exactly. The people I felt sorry for were people that had spent 65k on a VT1 HSV 195kw only to get hosed off by a VTII SS with 220kw say a month later. You have got to laugh.
Aus8
My mate's dad is spewing as he bought a new VT Series 1 SS for whatever they were worth then the VT Series 2 came out with the 5.7litre, also he is spewing how much money he has lost. That's the choice you got to make when buying a brand new Holden only to lose 30k worth of value in a year or two.
My mate's dad is spewing as he bought a new VT Series 1 SS for whatever they were worth then the VT Series 2 came out with the 5.7litre, also he is spewing how much money he has lost. That's the choice you got to make when buying a brand new Holden only to lose 30k worth of value in a year or two.
Yeah the trick is to definitley lease them I think. Throwing your own cash at them isnt the way to go anymore.
kayman
25-06-2006, 10:17 PM
Ex police?
If its the same one i see, yeh its an ExCoppa. The guy probably bought it for about 26!
VZSS250
26-06-2006, 09:03 AM
All interesting replies.
There is no question VZ-VY values on the second hand market will continue to plummet as they usually do, but what I'm suggesting is that the fall will not be apocalyptic the way some people are making out.
After all, the premium VE price and higher interest rates will keep people away, and there'll be no new engine and no significant power hike to induce buyers.
In fact, the VE may take some time to surpass VZ-VY performance because it will be heavier with only a small power increase to compensate.
Ofcourse the new styling may override these arguments.
Only time will tell.
VYBerlinaV8
26-06-2006, 11:37 AM
People are buying new cars more frequently than they used to, and this drives prices in the 2nd hand market lower, due to oversupply. The exceptions are during the model changeover times, when many buyers want the last of the previous series (like I would) - they don't want a car that isn't sorted in the real world yet.
I have noticed from trips to the US and UK that second hand prices there are worse (better?) than ours, in that cars over about 4 years old seem to be worth almost nothing - literally. This is just my observation and not based on statistical evidence.
I have bought my last new car for a while. In fact, I'll probably hold onto my VY, given that it has low km and no mechanical issues, and I've owned it from new. It's just not worth the $$ to change up to something that is not much better for most of the driving I do, and will depreciate just as fast anyway. It was only a couple of decades ago that it wasn't unusual for people to hold onto a car for 10 or 20 years. Now we all seem to want to change up every time a new model comes out! Still, it's our choice, and we get the benefits and wear the $$...
clixanup
26-06-2006, 01:50 PM
It has become apparent that the majority of contributors here believe the VE launch will slash used car prices of VY-VZ.
Those who do not learn from history are doomed to repeat it.
What happened to VS prices when the VT was released??? :jester:
mdafter
26-06-2006, 02:21 PM
I think a lot of people are forgetting that if you get one as soon as they hit the showrooms you will get one cheaper than if you wait a couple of months, holden will want these driving around moving stock etc, pay retail for the first one and you are a sucker:doh:
Trek52
26-06-2006, 02:22 PM
I dont know if the prices of VT-VZ will drop all that much more than they are atm. Forget about these guys asking stupid money for cars but find out what they are really selling for.
Example my car 2002 VXII Calais LS1, leather etc - new was about 55k, it is now done 70km and is worth $15-17K max anyone who thinks they are worth more than this is on drugs !!!
I expect that in another months the car will be worth $12-14K and continue to slide. I dont think that this will be because of the VE but due to the normal ridiculous depreciation of Aust V8's. No matter how good or bad the VE is it wont make any of our current cars lose any more money than they have lost. It is all relative, all vehicles depreciate shitloads in the first 5 years.
to the point of a 5 year old LS1 will be worth about 20% of its orginal purchase price, anyone getting more than that is a great salesman :)
planetdavo
26-06-2006, 05:29 PM
I think a lot of people are forgetting that if you get one as soon as they hit the showrooms you will get one cheaper than if you wait a couple of months, holden will want these driving around moving stock etc, pay retail for the first one and you are a sucker:doh:
To many people, cars are a fashion item even more than just transport. That's why loads will buy the VE at launch time. First on the block with the new toy........
hsvprez
27-06-2006, 10:10 PM
Cars are always a lifestyle choice not necessarily a financial sound choice. My accountant told me that, then signed me up with new lease ! Yay ! There is a pattern in the'hype that is new model releases and the market adjusts itself accordingly. It's the only market we have and it regulates a lot out of our control. Sit back, relax and enjoy your current ride for all that it is.
People are buying new cars more frequently than they used to, and this drives prices in the 2nd hand market lower, due to oversupply. The exceptions are during the model changeover times, when many buyers want the last of the previous series (like I would) - they don't want a car that isn't sorted in the real world yet.
I have noticed from trips to the US and UK that second hand prices there are worse (better?) than ours, in that cars over about 4 years old seem to be worth almost nothing - literally. This is just my observation and not based on statistical evidence.
I have bought my last new car for a while. In fact, I'll probably hold onto my VY, given that it has low km and no mechanical issues, and I've owned it from new. It's just not worth the $$ to change up to something that is not much better for most of the driving I do, and will depreciate just as fast anyway. It was only a couple of decades ago that it wasn't unusual for people to hold onto a car for 10 or 20 years. Now we all seem to want to change up every time a new model comes out! Still, it's our choice, and we get the benefits and wear the $$...
I can see what your saying but these days its different. Most people arent buying these sorts of cars with their own cash as it is a waste of 20k in a year basically. Most people are leasing through work and tax deals which make it cheaper to update at the end of 2 years or a set amount of kays etc than to hang on to it etc.
Aus8
R8888
27-06-2006, 10:46 PM
I started with my new car adventures with my VTI SS Commodore, and I was so disapointed with the car after letting go of my VRII SS which was an ex chaser and went like a bat out of hell that I lost 15k in 12mths to upgrade to the VTII R8
I bought my VTII Clubsport R8 fully optioned and have put a total of $105k into it and its only got 25thou on the clock and still smells new, yet I went to buy the CV8Z Monaro, and got a ridicoulous figure of $20k for it for a trade in.
The parts on this car cost more than $20k to sell them as parts, yet thats the best they could give me for it :doh:
So I novated leased my VYII SS Fully Optioned, and this baby is gonna cost me a total of $20k out of my own pocket, so I do agree leasaing is a good way to go if you have that option.
I am keeping the VT and VY for now, but will have the VEIISS on release, and if all goes well, then it will be time to say buy to one of my babys, and I am sure its gonna hurt from past experience.
planetdavo
28-06-2006, 06:22 AM
Leasing is not a suitable option for most people if you want to modify the car. There are usually strict rules in place about doing that.
R8888
28-06-2006, 07:37 AM
Leasing is not a suitable option for most people if you want to modify the car. There are usually strict rules in place about doing that.
I have modified the car, but yes, not to any extreme, as there are rules that apply.
I have made some cosmetic changes for now, but no drive line changes
also remembering that I will get the VEIISS, adding some minor changes to my current ride may add some incentive for a quicker sale and some value IMO.
Drewie
28-06-2006, 10:06 AM
The way large cars and V8's in particular are depreciating you would have to be careful what sort of residual you left in a lease these days as come 3 or 4 years and the car might be worth bugger all and the residual might be a lot more than the value of the car.
R8888
28-06-2006, 01:42 PM
The way large cars and V8's in particular are depreciating you would have to be careful what sort of residual you left in a lease these days as come 3 or 4 years and the car might be worth bugger all and the residual might be a lot more than the value of the car.
I fully agree with that, but when you have a novated lease on say my VYIISS, this means the company is paying it for you, and in the end, I pay $13k residual and own the car I drove from day 1, and I was able to add some mods in that period, ie mags, interior upgrades and suspension.
(I know I'm smilen at the end of the day when I have a car which has cost up to $80k all up for $20k in total)
to give you an example, I drove many company cars on normal leases, and each time I asked how much they wanted for the car at the end of the lease, it was a ridiculous figure, as you would buy it cheaper from a car yard. (example, $20k for a VSII S PAK after 3 years)
I know not everybody gets that option, but my experience with the novated lease has been a good one so far, and have tried to stick to the second version of the series as much as possible.
boofhead
28-06-2006, 03:50 PM
The way large cars and V8's in particular are depreciating you would have to be careful what sort of residual you left in a lease these days as come 3 or 4 years and the car might be worth bugger all and the residual might be a lot more than the value of the car.
Agree - I will be coming off a 3 year lease (VY Series II SS) in Nov this year and at a 45% residual it will be marginal if the trade-in will even make the residual amount looking at the Redbook figures today. That makes looking at 40% or lower for the next setup or move to a car that will not nose-drive so much after such a short period of time.
SSBarney
28-06-2006, 04:05 PM
(I know I'm smilen at the end of the day when I have a car which has cost up to $80k all up for $20k in total)
.
Luv to see how u calculate that,
... think u might be convincing urself there.
SupremeVT98
28-06-2006, 04:34 PM
In my opinion this process is normal when a new model arrives, the prices of late model vehicles will go down. This doesn't happen with car manufacturers introducing a new model, this also applies to other stuff like computers, mobile phones etc etc...
The question is by how much it would affect late model commodores when VE comes out. I also think the demand of the VE can drive the prices of late models up or down.
If everyone says "VE is crap" then VZ prices might go up...he he
There will be losers and winner but your lost will be someone else's gain. In my case, I couldn't afford a brand new vehicle so if the demand for VE exceeds manufacturers expectation, late models will be more cheaper...
ti0350
28-06-2006, 06:08 PM
I recon the price on all previous model commodores will go down once the VE comes out, 2nd hand VZ's will drop in price, so the only way you would be able to sell a VY is to drop the price, it will be the same with the VX and VT as well..
R8888
28-06-2006, 06:36 PM
Luv to see how u calculate that,
... think u might be convincing urself there.
Simple,
the car was a $60k purchase, fully optioned (minus holden assist (in the mirror))
I have a $13k residual on the car.
I will have had to pay $2k a year out of my pocket due to such an upgrade (above award package)
Other than that, I dont pay for NOTHING. (Fully Maintained Lease)
$13k + (4year lease x $2k) = $21k in total out of my pocket
And, I had the car from DAY 1 brand new.!
on my salary, if I was to take the money instead of the car, the damn tax man takes half of it.. so not worth saying NO to a car.
I dont see the problem...
sandmanls1
28-06-2006, 06:39 PM
good time to pick up a VZ R8 Clubbie I reckon, still a few around... Be interesting to see what happens in the trade...
SSBarney
28-06-2006, 06:58 PM
Simple,
the car was a $60k purchase, fully optioned (minus holden assist (in the mirror))
I have a $13k residual on the car.
I will have had to pay $2k a year out of my pocket due to such an upgrade (above award package)
Other than that, I dont pay for NOTHING. (Fully Maintained Lease)
$13k + (4year lease x $2k) = $21k in total out of my pocket
And, I had the car from DAY 1 brand new.!
on my salary, if I was to take the money instead of the car, the damn tax man takes half of it.. so not worth saying NO to a car.
I dont see the problem...
Thats my point, u r ignoring the additional salary u have forgone. Although I am not disputing that a salary pakaged on a novated lease can be financially better than buying after tax... (depending on individual circumstances)
so actual amount is $21k plus forgone salary less tax at marginal rate on sacraficed amount. And unless high kms or some business use, a decent amount of FBT is calculated into ur sacraficed amount, which means the tax benefit is less than ur marginal rate.
I have no doubt your car has cost u far more than 21k in reality.
SupremeVT98
28-06-2006, 07:02 PM
I can't wait either,by the time VE is released, VX-VY would be more affordable for me.
I doubt if VZ owners will sell their VZ right away and jump to VE unless of course it's a company car or money is not an issue.
I'd probably see more VT-VY owners jumped to VE which is good for V8 newcomers to purchase second hand VT-VY models.
Don't forget to sell your beasts in here if you're buying a VE!
:banana:
R8888
28-06-2006, 07:24 PM
I can't wait either,by the time VE is released, VX-VY would be more affordable for me.
I doubt if VZ owners will sell their VZ right away and jump to VE unless of course it's a company car or money is not an issue.
I'd probably see more VT-VY owners jumped to VE which is good for V8 newcomers to purchase second hand VT-VY models.
Don't forget to sell your beasts in here if you're buying a VE!
:banana:
hehehehe, dude, let me just say that I wont be letting my VTIIR8 go in a hurry..
spent well over $100k on it now, and the price I have been offered at $20k in the yards is a bit ridiculous to me.
I get amazed when some people fork out so much on a car, personalising it and then not get attached to it..
I do have some things I still wish I could add to my VT to bring it up to scratch, but its also still as good as a new car at the moment.
my everyday car VYIISS may be a different story though.. love the car and all, but coz its leased and cant be highly modified, I am not as attached to it as my clubby..
bring on the VE, and lets see what happens though..
planetdavo
28-06-2006, 08:21 PM
The thing with leasing is that you can often end up with a cheaper car, but having being used for business, has racked up a LOT of km's, so is really worth less anyway. This option is not really a worthwhile option for probably AT LEAST half the car buyers out there. It depends on quite a number of circumstances, including what your job is, who you work with, km's done, tax benefits and other things. This thread is kind of telling people it's the most simple and the best thing to do to save money on a car. A lot of the time, it ISN'T. It's really not a good option for someone that just drives to and from work, and doesn't use the car for work, which is most people!
Do many people here have their cars as 'tool of trade' with full private use?My employer provides new BA/BF every 3 years for no cost. Full running costs provided, unlimited private use and fully maintained with free fuel etc.
Aus8
SSBarney
28-06-2006, 08:35 PM
Do many people here have their cars as 'tool of trade' with full private use?My employer provides new BA/BF every 3 years for no cost. Full running costs provided, unlimited private use and fully maintained with free fuel etc.
Aus8
If its a ute, then they are possibly using the ute exemption and not monitoring whether the private use actually fits into the exemption, or they are just coping the FBT on the vehicles, so its a bonus for the employees.
R8888
28-06-2006, 09:50 PM
The thing with leasing is that you can often end up with a cheaper car, but having being used for business, has racked up a LOT of km's.!
yeah, this is true, but I am happy driving an SS everyday, the K's dont bother me. (must admit I am restricted to 30thou a year... which is not really a problem
and I have list the notion to worry about the K's since I was insulted on the price holden gave me back on 25thou on the clock VTIIR8 in immaculate condition.
if its a car you drive everyday, why worry about K's.?
and my fuel is paid for too, and tell ya what... that damn well helps these days.
SupremeVT98
28-06-2006, 10:43 PM
hehehehe, dude, let me just say that I wont be letting my VTIIR8 go in a hurry..
spent well over $100k on it now, and the price I have been offered at $20k in the yards is a bit ridiculous to me.
I promise to look after your car if you decide to get rid of it and if you live in Sydney, i'd drive down your street once a week... :banana:
IIV8II
28-06-2006, 10:47 PM
Yep, my mates VQII Caprice is still gotta be worth $50K, surely...?
:lol:
R8888
28-06-2006, 11:51 PM
I promise to look after your car if you decide to get rid of it and if you live in Sydney, i'd drive down your street once a week... :banana:
now THATS what I would HATE to see....:cussing:
I really think if I sold it, I would have to make sure it went interstate lol:driving: :lmao:
markone2
28-06-2006, 11:53 PM
Looks to me like we have a few new Car *Collecters* residing here ;)
kayman
28-06-2006, 11:55 PM
now THATS what I would HATE to see....:cussing:
I really think if I sold it, I would have to make sure it went interstate lol:driving: :lmao:
*Puts hand up*
Promise i wont drive it anywhere near Sydney ;)
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