Things,Know,About,Buying,Car,A car Things To Know About Buying a Car in Australia
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Normal 0 false false false EN-AU X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-priority:99;mso-style-parent:"";mso-padding-alt:0cm 5.4pt 0cm 5.4pt;mso-para-margin-top:0cm;mso-para-margin-right:0cm;mso-para-margin-bottom:10.0pt;mso-para-margin-left:0cm;line-height:115%;mso-pagination:widow-orphan;font-size:11.0pt;font-family:"Calibri","sans-serif";mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:"Times New Roman";mso-bidi-theme-font:minor-bidi;mso-fareast-language:EN-US;}When youbuy a car in Australia, some of the unexpected expenses may surprise you, Forexample, you will probably be taxed on the purchase price, which is somethingthe seller will not include until you are ready to complete the sale.Deciding where to shopIf you purchase the vehicle from a licensed dealer, you will have theprotection of the Motor Dealers Compensation Fund, be guaranteed title andownership, and be covered by a warranty the law requireswhich varies from onestate to another.Note that if there is a loan attached to the vehicle, it could be repossessedand you would suffer a financial loss. If it is not encumbered, you will wantto purchase a search certificate as a safeguard against repossession, and ifthe car is encumbered, do not make the transfer until you feel secure, unlessyou see no problem with the plan the seller has for repaying the lender.If you decide to buy a car in a private sale or at an auction, consult theRegister of Encumbered Vehicles (REVS) to ensure that the seller has a legalright to sell it. If everything is in order, you can also purchase a REVScertificate to ensure that the vehicle will not be repossessed by a lender. Inaddition, ask for the sellers certificate of registration, currentsafety-check report and tangible proof that the seller actually owns thecarsuch as a sales receiptand review them carefully. If you find adiscrepancy, be prepared to pay a small fee to have an Authorised UnregisteredVehicle Inspection Station (AUVIS) provide you with an identification check inorder to proceedAdditional fees to be paidRemember that, in every type of vehicle sale, the state government collects theregistration transfer fee, stamp duty (based on the value of the car), tax onthe purchase price, and motor vehicle tax (paid on every car annually).Compulsory third-party insurance is also required.Whenever you buy a vehicle in Australia, you need to do the following:Ï Transfer the ownership, or you may encounter legal problems.Ï Check with your states motor registry department to determine if you havecomplied with all regulations.Ï To avoid complications, try to purchase the car where it has already beenregistered.Ï Have your permanent residence in the state where you want to transfer thevehicles registration, because the registration will be recorded there.
Things,Know,About,Buying,Car,A