R35 At Pickles Last Night 6/9/10

[Kujotk]

black april/2009 R35 Premium. 15,907 km's

From victoria (rego number: GTR J35)

got $132k +3.3% auction fee + other on roads ....

It sold, wonder what reserve was?

Don't know if it had voided waranty or not either...

Decent price though, looked in good condition aswell.

[Drift Motorsport]

Repo?

[Kujotk]

Repo?

no it was strange, it was a 1 year "NOVATED LEASE" my understanding is it was a 1 year lease and the lease simply ended. Strange that it was 1 year though

[fungoolie]

no it was strange, it was a 1 year "NOVATED LEASE" my understanding is it was a 1 year lease and the lease simply ended. Strange that it was 1 year though

I've always bought my cars under a 1 year novated lease. It's the most tax effective strategy and allows you to upgrade often. Mind you, at the end of the lease term I'd never return the car to the lessor for them to sell it at auction. I'd always pay out the residual amount and sell it myself.

Good depreciation too. Lost $20K ~13% in 16 months.

Edited September 7, 2010 by fungoolie

[Kujotk]

I've always bought my cars under a 1 year novated lease. It's the most tax effective strategy and allows you to upgrade often. Mind you, at the end of the lease term I'd never return the car to the lessor for them to sell it at auction. I'd always pay out the residual amount and sell it myself.

Good depreciation too. Lost $20K ~13% in 16 months.

yes especially for the milage, there was a bit of a bidding war over it which probably pushed the price up, too bad the finance company got the money and not the owner

[fungoolie]

yes especially for the milage, there was a bit of a bidding war over it which probably pushed the price up, too bad the finance company got the money and not the owner

The owner will get the excess received over the payout figure as with all Novated leases. Looks like in this case auction wasn't such a bad way to go.