20 replies to this topic

[scoobygirl]

Just wondering what is involved in swapping a car? I'm thinking about swapping the GTS for a car more suited to my needs. Is stamp duty still payable? Obviously RWC are still necessary and a REVS checks but is there anything else to consider?

Aimee

[soarerman]

scoobygirl, on 06 March 2011 - 01:59 PM, said:

Just wondering what is involved in swapping a car? I'm thinking about swapping the GTS for a car more suited to my needs. Is stamp duty still payable? Obviously RWC are still necessary and a REVS checks but is there anything else to consider?

Aimee

Yes get a RWC , an invoice for the value of the car( your own hand writen one) swap them , go to the transport dept pay your stamp duty and its all done, its the same as buying a car.

[scoobygirl]

arrr of course they want stamp duty Thought maybe it was different if no money was changing hands. Thanks.

[SiKnEsS]

nah, they r rip offs, they will still charge the stamp duty as to the value of the car, so better off not mentioning swapping, just make the reciepts and u paid an amount for their's and they paid and amount for yours, i reckon if stamp duty has been paid when the car is first regoed then that should b it, cause they continue to make money everytime that car changes owner, but i guess, that how they maintain our roads...........(sorry, forgot that they dont maintain our roads lol)

[Red rocket]

I swapped a car with my uncle once and I put down $500 for the price of the car was worth a lot more but only paid for stamp duty on the $500

Edited by Red rocket, 07 March 2011 - 02:43 PM.

[sinister]

You got lucky. I believe it is supposed to be the purchase price of market value, which ever is the most.

[Falconxf88]

Na you say how much you paid for it and that's whats charged.

[starlet666]

but if ur swapping a car that is worth like 40 grand and have a receipt for 500 bux, and it gets found through an audit, u are also able to be charged with fraud.....

[SiKnEsS]

u actually get screwed over if you have an accident now, if you write off your car, and the other driver has to pay for your car, they pay what you declared as stamp duty lol, so if u wanna get charged with fraud, and get $500 for you $10k worth of car then go ahead,all to to avoid $300 in stamp duty, and you are supposed to put down the current market value(what the car is worth via redbook etc), not what you paid ,

[P23unk]

that stamp duty is a piece of shit!

[scoobygirl]

P23unk, on 14 March 2011 - 05:30 PM, said:

that stamp duty is a piece of shit!

Great little money maker that is hey

[Red rocket]

How can someone tell you what a car is worth let's just say you have a piss of shit old gtho phase 3 it could be worth half a millon but your not going to pay that much for it etc

[journeymanMick]

Red rocket, on 15 March 2011 - 08:04 PM, said:

How can someone tell you what a car is worth let's just say you have a piss of shit old gtho phase 3 it could be worth half a millon but your not going to pay that much for it etc

Stamp duty is payable on market value or amount paid, whichever is the greater. Government departments may not be good at much, but they are good at getting money out of people.

Mick

[venomator]

from memory in nsw the market value of a car ,bike or what ever upto the age of 5yrs is what the rta (qld department of transport) go off then its what you paid for it .and you wouldnt put down on the tranfer papers a gtho you put 1971 ford falcon sedan ( loads of rust and door hand dont work lol) ,i think its similar here in qld maybe wronge

Red rocket, on 15 March 2011 - 08:04 PM, said:

How can someone tell you what a car is worth let's just say you have a piss of shit old gtho phase 3 it could be worth half a millon but your not going to pay that much for it etc

[venomator]

"u actually get screwed over if you have an accident now, if you write off your car, and the other driver has to pay for your car, they pay what you declared as stamp duty" are you saying that the other driver if at fault has to pay what you paid in stamp duty or the amount that you declered as the value of the car ?i thought if you have an accident and its a write off and you not at fault they usually get an average sale price thought things like car point.com, car yards, redbook ,ect and make you a payout offer some where in the middle of the scale eg lowest $8000 ,highest $10,000 they would offer you $9000 but this is different if you have an agreed value of your car on your insurance policy with likes of shannons car insurance .stamp duty is only 3% of the value i think not a lot ,,loads if ya just bought a ferrari ,but if ya bought a ferrari ya would care about the stamp duty just just care about how many hot chicks you just about to pull



im just adding to the conversation dude... im a small string of letter on your computer screen being type some where from the comfort of my dungen with a jack and coke in one hand ....

[SiKnEsS]

lol, nah i get what ur saying, this is what ive been told by qld transport and by aami insurance, if you have delcared your car is worth $500, and you have an accident, then legally all the insurance company can pay you is for the amount you declared you bought it for when paying stamp duty, if this is is smaller than market value amount, whichever is less, not that ive had done to me, but yeh, could be there way of getting people to stop spinning shit i guess. its the government, so i guess they do what they feel like doing depending on the weather/day/shade of red undies they wear that day lol,

[reefhog]

You can quite easily pay $500 for a car and then spend a heap of time and money on it which will increase the value of it. There is no way they can use the amount you declared when you bought it to decide the value for an insurance payout. I've never heard of it before and you could easily fight it in court.

[scoobygirl]

reefhog, on 24 April 2011 - 03:10 PM, said:

You can quite easily pay $500 for a car and then spend a heap of time and money on it which will increase the value of it. There is no way they can use the amount you declared when you bought it to decide the value for an insurance payout. I've never heard of it before and you could easily fight it in court.

Exactly my thoughts. Say you bought a Commodore for $5000 that had a clapped out motor, shit paint etc but the market value is $15000. You then put a new motor in it and give it a respray & panel beating, spending $10,000 in the process. It's then worth market value again. How can they then only pay out $5000 when the car is worth $15000?

*edit* well obviously it would have to be in roadworthy condition with an RWC or else you wouldn't be transferring rego and paying stamp duty however the condition of the vehicle, kms traveled etc could mean a lot of money might be spent getting it back into good condition.

Edited by scoobygirl, 07 May 2011 - 10:57 PM.

[BiggiC]

hey, um check to see all identification plates are on the car, i once bought a car, didnt swap but id still look anyway, as when i got the car home and went to take it for a roady the mechanic called me and said do you have the indentification plates for the car? as it had been resprayed... i replied, no, why is that? he said well theres no identification plates on the car? so yeah turns out there was nothing i could do with the car i had just purchased, tried contacting guy i bought it off, he answered my call, claimed to know nothing about it, went to take legal action, phone number was disconnected, and when i purchased the car there was no rwc supplied..... so be sure to check that..... check to see if things have been pulled in and out ofthe car, (interior preces mainly) see if things dont align properly etc, could be a sign things have been pulled apart? check the under body of the car, rust etc? pull up boot mats and capets etc, check for rust and water damage? basically go over the car with a fine tooth combe.... hope his helps, nice gts btw!!

cheers

[camo]

just thought i'd add, when you import a car you only pay stamp duty on the purchace price of the car itself not on the total cost of the car but it's market value is greater so i wonder how that works ?