There is a reason they are called Gold Fleet :D , seems steep to me ;) Thanks, they just called back today with the trade in price of my other car, and unfortunately what they offer my car is still $7K away from my payback figure to the leasing company, so might have to re-do my maths again. I had the same problem when selling my lease car so i ended up using Novated Remarketing ...as a suggestion, got a better price than trade in but lower price than selling privately .. Hey mate, how does Novated Remarketing work? is it like adding the residual amount of your original vehicle to the next car?I've asked my novated lease company (called NLC) and they said u must payout the owing amount on the first car regardless u trade it in or sell it privately. Check their website out http://www.pickles.com.au/cars/Novated+Lease+Remarketing/ Basically they will value the car .. what they think they can sell the car for .. then if its less than the residual .. then you give them the difference and they will pay out the residual .. eg .. if residual of the car is $20K .. and they think the value of the car is $2K .. then you have to give them $2k and they will pay out the residual. Sometimes they may think they can sell the car for $22K .. then they will pay out the residual and and give you extra $2K less their fees .. But in the end if they end up selling the car for $25K .. they will give you $25K less their fees .. so they are basically selling your car for you but they will pay the residual out before they even sell the car ! PRobably best to give them a call to get a better understanding its pretty hard to explain Thanks guys, I ended up trading it back to Toyota where this dealer gave me a price which was $2K away from my residual, so ended up getting a 2WD Grande, with front+back sensors, front+back mats and front window tinting for $59,500. Picking up in mid September.
