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Toymods » General Car Talk » What costs involved in buying an IMPORT ?!

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7M-Brisbane
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November 2002
Re: What costs involved in buying a car ? Mon, 04 August 2003 12:58 Go to previous messageGo to previous message
Basically if the car is registered, you only have to worry about a transfer fee (I just did one, it was $25 or something) and then stamp duty is a separate fee, that is 2% of the dutiable value.

No need for a greenslip or rego if the car is just being transferred into your name, as this comes with the car.

The dutiable value is the price that the car is worth on the open market or the price you paid whichever is higher.

This means that if you bought a $100k Ferrari for $250, you pay 2% of the $100k figure, not the $250 Smile

Technically misrepresenting the value is fraud and you can AND WILL go to jail for it if caught out. Do so at your own peril.

Also note that it can cause issues with insurance payouts if you officially purchased the car for next to nothing. Some companies will only pay you the purchase price of a car.
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SubjectPosterDate
Read Message   What costs involved in buying an IMPORT ?! LesMon, 04 August 2003 04:51
Read Message   Re: What costs involved in buying a car ? ehendrikdMon, 04 August 2003 05:08
Read Message   Re: What costs involved in buying a car ? Matt16vMon, 04 August 2003 05:18
Read Message   Re: What costs involved in buying a car ? LesMon, 04 August 2003 05:30
Read Message   Re: What costs involved in buying a car ? KmanMon, 04 August 2003 05:31
Read Message   Re: What costs involved in buying a car ? STR8 2.8Mon, 04 August 2003 08:11
Read Message   Re: What costs involved in buying a car ? ed_ma61Mon, 04 August 2003 08:45
Read Message   Re: What costs involved in buying a car ? LesMon, 04 August 2003 09:03
Read Message   Re: What costs involved in buying a car ? biased99Wed, 06 August 2003 04:35
Read Message   Re: What costs involved in buying a car ? ed_ma61Mon, 04 August 2003 09:28
Read Message   Re: What costs involved in buying a car ? borisMon, 04 August 2003 10:17
Read Message   Re: What costs involved in buying a car ? LesMon, 04 August 2003 10:37
Read Message   Re: What costs involved in buying a car ? borisMon, 04 August 2003 10:41
Read Message   Re: What costs involved in buying a car ? LesMon, 04 August 2003 10:52
Read Message   Re: What costs involved in buying a car ? ed_ma61Mon, 04 August 2003 12:28
Read Message   Re: What costs involved in buying a car ? KmanMon, 04 August 2003 14:07
Read Message   Re: What costs involved in buying a car ?  7M-BrisbaneMon, 04 August 2003 12:58
Read Message   Re: What costs involved in buying a car ? ed_ma61Mon, 04 August 2003 13:10
Read Message   Re: What costs involved in buying a car ? 7M-BrisbaneMon, 04 August 2003 13:34
Read Message   Re: What costs involved in buying a car ? mr spearsMon, 04 August 2003 16:37
Read Message   Re: What costs involved in buying a car ? LesTue, 05 August 2003 03:16
Read Message   Re: What costs involved in buying a car ? LesWed, 06 August 2003 03:53
Read Message   Re: What costs involved in buying an IMPORT ?! ae86driftSun, 10 August 2003 10:04
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