Procedures and Fees For Buying A Used Car In Australia
The steps a buyer needs to take when buying a used car in Australia are very similar to what any used car buyer in the rest of the world does. Setting a budget (and sticking to it!), factoring in the non-purchase and maintenance costs, looking at several prospective buys, inspecting and test-driving, setting the final prices and arranging payment and delivery are all steps a used car buyer undertakes when buying a previously-owned car. The most significant differences when you buy a used car in Australia are in the expenses a buyer incurs after the sale. Although everybody pays a transfer of registration fee abercrombie and fitch , Australian used car buyers also need to pay a tax on sale price.
The first of the tips to buy a used car in Australia is to ask the seller for the certificate of roadworthiness. The buyer needs this certificate during the registration transfer process. Of course, you only need to see this when you inspect the car to see if the vehicle title can indeed be transferred. Another important tip when you buy a used car in Australia is to obtain a REVS certificate. For this though, you will need the vehicle’s registration number, VIN or chassis number and engine number. REVS stands for Register of Encumbered Vehicles and a REVS certificate will prevent repossession of the vehicle if a third party still owes money on the vehicle. Conversely, a REVS check will reveal if a seller does not have the right to sell the car because of a loan.
Assuming that all the car’s papers are clean and the transaction has been consummated, the following tips to buy a used car in Australia show the additional expenses that need to be incurred. With your receipt of the sale, roadworthiness certificate, and driver’s licence, go to the department of transportation office to register the sale. The transport department is known by different names in different states so ask a local. A fee will need to be paid, which is based on a table with a car’s values. In case the vehicle registration is due, or if the car is being used in a state different from where it’s registered, an additional fee will also need to be paid. There is a compulsory third-party insurance premium that also needs to be paid. If you are buying a luxury car from a dealer, note that you may also be subject to a luxury car tax.
mySpareCar has a guide on how to buy a car. Or you can visit the site if you’re wondering how to “sell my car”.
