Rego transfer, But did not sell a vehicle or buy a vehicle

[GIPONU]

Hi people,
i need to know if my car is under my parents name and i want to put it under my name what is the process/fees involved?
I've so far only manage to find that i have to treat it as if i was buying the car off my parents, so i gotta fill in notice of diposal,pay stamp duty,etcetc... which i just did recently.

and also do they actually check the market value for the car? i bought it for $20,000 and i have no idea what market value it for my vehicle(which isnt a honda, cos i just sold mine)

[BlitZ]

u would have to pay stamp duty..

just drop the price abit and value it less.

Legally you should price it at market, but i doubt anyone ever does it

[GIPONU]

damn.. dropping the price abit doesnt help....lol
its still around the $600 mark

[Benson]

thats the government for you

[munkaii]

RTA people aren't too picky when it comes to declaring sale/market value etc. as long as it isn't excessive.

I have registered cars in the past with a market value of 30+ and written around $15k on the paperwork to save on stamp duty without worries. Having said that, I'm not providing any sort of advice, just merely stating my experience.

Quite often during the sale of old cars, rather than writing down $6000, people will write down $600 etc.

[Tai]

Just put a bs price.

RTA doesn't care.

Done it many times.

Put a WRX price i sold down for a guy at 8k but market at the time was 20ish.

RTA didn't care lol

[LD_Mart]

Have also done the same with all my cars got my wrx for 28,000 and the guy put down 2000 and never had a problem...

[u mad?]

have also done the same with all my cars got my wrx for 28,000 and the guy put down 2000 and never had a problem...
lmao thats pushing it

[javer81]

i think the redbook.com.au is a close gauge for market value of a car. But the value you sold at is what you are comfortable with.

[EG52NV]

lmao thats pushing it

You could say car needed alot of work but yet still road worthy lol

[WATAJK]

i think the redbook.com.au is a close gauge for market value of a car. But the value you sold at is what you are comfortable with.

Redbook in my eyes is a load of crap... but leave that alone...

[tiksie]

Just put a bs price.

RTA doesn't care.

Done it many times.

Put a WRX price i sold down for a guy at 8k but market at the time was 20ish.

RTA didn't care lol

If they get sus about it, they will charge you the stamp duty at market value. Depends who you get at the RTA.

[rubixcube]

Don't know the laws in NSW, but in QLD if you transfer rego between immediate family you can say the car was a "gift" and you may be exempt from stamp duty. See if NSW law has a clause like this somewhere.

[doosra]

Put any price, I sold my 1 year old accord to parents and wrote 10k and they didn't say anything..

[gach2]

lol sold an r33 for $100
if any1 asks say cars smashed and engine blown