Hey guys, just a quick question
what are the fees involved with transferring a vehicle within the family, eg. Dad giving his car to me and changing the registration from his name to mine.
thanks
Printable View
Hey guys, just a quick question
what are the fees involved with transferring a vehicle within the family, eg. Dad giving his car to me and changing the registration from his name to mine.
thanks
why not leave it in his name??
and just put you as a driver on the insurance
its a percentage of the purchase price, it would be cheaper to keep it in ur dads name and cheaper on insurance to
because it might not be his dad and it could be an aunt or uncle or distant relative. unless that EG. is not an example and really its true lol. then why not leave in dads name lol
haha umm its because i have a healthcare card and i get a discount each year/also because of other reasons it would be preferable to have only 1 car to his name. Be that it is... cant i just say my dad sold me the car for like $100 and pay the $35 fee and whatever stamp duty is, i think the car should be able to get a rwc without much trouble
yer i just bought a turboed gemini and put down i payed 500 for it and the fee stamp duty was only 40 bucks
but what if he GAVE it and not sell it? then u dont pay stamp duty etc ? like if its my family my parents NEVER sell anything to me or my bros and sis. they give everything.
but you still pay money for it though?Quote:
Originally Posted by drsilliez
no. as in my dad was like..."Hey take this car and put it under ur name and rego so its urs. im gonna buy a new car. u dont have to pay me."Quote:
Originally Posted by Lukey
so NO, not paying for it. like i said, what if ur parents gave u the car as a gift or they didnt want it anymore or something and u did NOT pay for it.
i wish i had cars given to me.
well its not that my parents gave me a car. im also plannin on GIVING my car to my little sister. saves her from buyin one. plus im not gonna make any of my siblings or my parents pay me back if i give them something.
pay for stamp duty and rwc
i believe you do not pay stamp duty when transferring a car to your immediate family ie husband to wife, father son, and i think must also have the same address. I believe all you will pay is a vehicle transfer fee like for example 25 bucks for the admin/paperwork at rta with no rwc required. Its only when you sell to an outsider you will need this i believe.
Anyway look it up on your states rta website ie. vicroads for in victoria.
wt about if i buy it from a private seller can i say i buy a dc5r off him for500 will theycheck on it?
Yes mate. If u get the car from your parents, it's like you buy a car from someone else... need to do rwc, pay stamp duty. The only time i had exemptions of paying transfer fee is transferring the car between me and my girlfriend. (i.e. the domestic partnership rule.....can see vicroad website for more detail). Hope this help and have a good one.
Joe
Apparently, they do random check... u may get caught and u may not..... but try to be reasonable and according to the guy in vicroad, they judge by the market value (more likely the red book value)...... so u got the rough idea.Quote:
Originally Posted by tiah313
Joe
but how much stamp duty will they charge u? 10% of selling price? but u didnt pay for it. it was given. so how much would u have to pay?
Um.. which type of transfer u refer to ? the one that was given as a present from your parents?Quote:
Originally Posted by drsilliez
yeah...
If that is the case. Most likely they will tell u to use the market value as the declared value...... (as stated on the transfer paper "declared market value")
yeah i called up vicroads, they said the $35 and $8 for every $200 on either the selling price or the market price WHICHEVER IS HIGHER ><"
in qld i gave one of my old cars to a cousin worth about 10k. he put down on the transfer he payed nothing as he was given it, and payed no stamp duty. just payed for transfer fee.
In Victoria if u put down the purchase price of a Car under market value & IF your car is written off/Unrepairable
then u will only get back what u paid..
So if u want to cheap out on the stamp duty then u might loose out if anything else were to heppen....
Happened to a friend when he write his car off...he claimed he purchased the car for $1500 but really purchsed for $4500..he only got back $900 minus insurance cost..
Dash