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#31 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,903
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Quote:
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2022 RAM Laramie 5.7 2023.50 Ranger Wildtrak 3.0 V6 Premium Pack 2024 Everest Sport 3.0 V6 Touring Pack 2024.50 Mustang Darkhorse 6M Blue Ember + Appearance pack ETA Jan 25. |
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#32 | |||
Regular Member
Join Date: Aug 2013
Location: Gosford
Posts: 105
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Quote:
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Past Falcons XF Ute, ED XR6 sedan, AUII sedan, BF XR6 sedan, FG XR6T sedan Now Ford FGX XR6 Sprint, FG MkII XT EcoLPI |
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#33 | ||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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Can you do the deal without the trade, if they know your financial situation they will know the answer to this already through their F&I guy and be using it against you.
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#34 | ||
The Terrain Tamer
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Posts: 36,401
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I think it can also be effected if you are using finance or not.
I have been through your situation a few time in the past and after doing some research on private & dealer asking prices for my trade-in, I then settled on a figure in my head of what I thought a reasonable trade value that I was going to accept. I then said to the dealer, I am happy to do the deal if you can package everything up for a monthly finance amount of $XXX.XX Once the deal was done, I then make myself a promise to not search for my old car on-line, as I knew I would only get depressed, as the dealer will throw it up for sale asking way more than what I traded it for - but hey, that's the business they're in. If no finance is involved and you have a bit of time up your sleeve to sell your car, I definitely think that selling private would yield you a few extra $'s, although potentially more inconvenient for you.
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#35 | |||
FF.Com.Au Hardcore
Join Date: Jan 2011
Posts: 1,354
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Quote:
The dealer does not pay any stamp duty, the private buyer pays this when he transfers it into his name, after purchase. GST only applies to the margin not the whole figure. In other words, if the dealer buys (trades) a car for say $10,000 then later sells it for $15,000, his GST liability is on the $5,000 profit, i.e. $500 (Not the full $1,500). The margin covers, as you say, RWC, warranty, any-refurbishing costs, labour & overheads. Dr Terry |
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#36 | |||
Same ****-Different Day
Join Date: Oct 2008
Location: Northern Vic
Posts: 1,287
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Quote:
The buyer does pay it ,but if anyone is quoted drive away pricing it means, all costs incusive.
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#37 | |||
FF.Com.Au Hardcore
Join Date: Jan 2011
Posts: 1,354
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As you can see from my example I was talking generally about the used car trade. New laws force new car dealers include all on-roads (including rego & 3rd parts insurance) as part of the quoted price. This generally applies only to new car advertising. Dr Terry |
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#38 | |||
Same ****-Different Day
Join Date: Oct 2008
Location: Northern Vic
Posts: 1,287
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Quote:
As you said by law, new or used.
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Bax. Current Vehicles RA Wildtrak V6, UA2 Everest Trend 2.0lt |
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#39 | |||
Regular Member
Join Date: Sep 2009
Location: Ballarat, VIC
Posts: 345
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Xe ute with fairmont ghia front and fairmont interior. Stock 250 soon to be 302 2012 SZ TS Territory |
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#40 | |||
R.I.P. Maggie
Join Date: May 2015
Location: Brisbane
Posts: 1,286
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AUII XR8 200Kw Ute FG XR6T 1976 289 Mustang (Gone) |
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#41 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Brisbane
Posts: 1,198
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I have bought and sold a bunch of cars and in my opinion CarSales is probably the best way to go. It will cost you about $90 for an ad and you can post a heap of pics. They will also send you a large For Sale sticker you can put on your window which helps. The most important tip I can offer is take plenty of good quality photos, inside, outside, under the bonnet and make sure the car is immaculate. Price it according to the market, even on the high see but your ad will need to stand out to attract a higher price. One thing I never, ever do is negotiate a price (ie; "what's your lowest price") even before a buyer has seen the car. Once a potential buyer comes to view it you know he is at least half serious about buying. Hold your ground and play the game.
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#42 | ||
FF.Com.Au Hardcore
Join Date: Feb 2011
Location: On The Footplate.
Posts: 5,086
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And whatever you do don't let him know how much you really really like it...act like you're on Prozac or something...
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#43 | |||
nondescript
Join Date: May 2013
Location: Country Vic
Posts: 100
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Quote:
I'm guessing (hoping) you're not registered for GST. If a private seller trades a car for $10, 000 there is NO GST component, but when a dealer sells that same car for $15000 there is GST of $1363.63 included in the sale, plus $571.20 stamp duty, $37.40 transfer fee (vic), rwc, warranty etc etc. So the $3000 "margin" still isn't that great. Especially considering the 33% increase in price of the vehicle. |
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#44 | |||
R.I.P. Maggie
Join Date: May 2015
Location: Brisbane
Posts: 1,286
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Quote:
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AUII XR8 200Kw Ute FG XR6T 1976 289 Mustang (Gone) |
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#45 | |||
R.I.P. Maggie
Join Date: May 2015
Location: Brisbane
Posts: 1,286
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AUII XR8 200Kw Ute FG XR6T 1976 289 Mustang (Gone) |
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#46 | ||
Regular Schmuck
Join Date: Dec 2004
Posts: 5,640
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Given the exclusivity of the Sprint and the very quick take up, you're almost at the mercy of the dealer. It's tough to negotiate on a limited and desirable car if you're walking in with a trade as they're unlikely to budge much off the sticker price.
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#47 | ||
Regular Schmuck
Join Date: Dec 2004
Posts: 5,640
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Unless something has changed recently in NSW, any used car you need to go to the RTA and pay the stamp duty within 10 days of purchase. I've never bought a second hand car 'drive away' but I have seen a few of them advertised on carsales that way while I've been browsing the last few weeks.
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#48 | |||
R.I.P. Maggie
Join Date: May 2015
Location: Brisbane
Posts: 1,286
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Quote:
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AUII XR8 200Kw Ute FG XR6T 1976 289 Mustang (Gone) |
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#49 | |||
nondescript
Join Date: May 2013
Location: Country Vic
Posts: 100
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#50 | |||
Performance Inc.
Join Date: Aug 2008
Location: In a cave
Posts: 2,554
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Trade inns at the moment are fairly low across the board as the cost of new cars is low enough that most people buy a new cheapie with 3 year warranty before a good 2nd hand with limited warranty. I will be replacing the FPV with a new vehicle later this year I won't be trading the Falcon as its worth more to me than what I would get trade so the ute will become the spare car and every man needs a ute occasionally plus its a nice ride. Buying a car no trade usually wipes at least 3k off the ticket price.
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#51 | |||
R.I.P. Maggie
Join Date: May 2015
Location: Brisbane
Posts: 1,286
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Quote:
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AUII XR8 200Kw Ute FG XR6T 1976 289 Mustang (Gone) |
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#52 | ||
FF.Com.Au Hardcore
Join Date: Jan 2011
Posts: 1,354
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It may well be different in Vic. Are you saying that the rego transfer & stamp duty on that transfer is somehow paid for by the dealer pre-sale or at the time of sale ?
It's easy with new cars, because not many people just walk into a dealership & drive a new car out that minute. It takes time to register the car, fit plates, carry out pre-delivery, detail, wash etc. etc. Most buyers pick up their new car a day or 2 after the purchase itself. Used cars (in NSW at least) are totally different. Most, if not all used cars are already detailed, registered & 3rd party insured. You can go into any used car yard & drive the car away in the time it takes to sign the paperwork (finance allowing). The transfer into the new owner's name & the attached stamped duty is the responsibility of the buyer. The RMS allows the buyer 14 days to affect transfer, after purchase. This is the same whether you purchase the car privately or thru a licensed dealer. I realise there are a few differences between NSW & Vic in regard to used car trading, but I didn't know the ALL dealer cars (both new & used) had drive away pricing compulsory in Vic. The drive away pricing rule introduced for new cars a few years ago, is a Federal Govt, initiative & applies equally in all states. Dr Terry |
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#53 | |||
Regular Member
Join Date: May 2006
Location: Golf Coast
Posts: 306
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Quote:
Dealers will tell you that they dont use this as a guide, but IMO they are lying, they are using *something* as a guide, and Redbook is as close as you are going to get to a ball park figure.
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#54 | |||
R.I.P. Maggie
Join Date: May 2015
Location: Brisbane
Posts: 1,286
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Quote:
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AUII XR8 200Kw Ute FG XR6T 1976 289 Mustang (Gone) |
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#55 | |||
R.I.P. Maggie
Join Date: May 2015
Location: Brisbane
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Quote:
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#56 | |||
FF.Com.Au Hardcore
Join Date: Jan 2011
Posts: 1,354
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Quote:
With used cars, like used furniture & a few other items where a licensed dealer is involved, GST is 'deemed' to have been paid on the 2nd hand unit if purchased privately. If the dealer buys the car off another dealer, simple, the GST is stated the sellers invoice. Using my example above, if a dealer buys (or trades) a car from a private (non-ABN entity) for say $10,000 & then re-sells it for say $15,000. He claims the 'deemed' GST on the $10,000 ($909.09) & receives it as an input credit. When he receives the $10,000, $1363.63 is the GST component. Therefore $1363.64 minus $909.09 (=$454.54) is the GST payable by the dealer. This figure is same as the GST component of the $5,000 margin. I didn't realise that Vic used car dealers were forced to include stamp duty & transfer in their advertised price, see my other post, but the GST on that deal is only $454.54, not $1363.63, a big difference. Dr Terry |
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#57 | |||
Regular Member
Join Date: Sep 2009
Location: Ballarat, VIC
Posts: 345
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Quote:
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Xe ute with fairmont ghia front and fairmont interior. Stock 250 soon to be 302 2012 SZ TS Territory |
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#58 | |||
FF.Com.Au Hardcore
Join Date: Jan 2011
Posts: 1,354
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Quote:
Dr Terry |
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#59 | |||
FF.Com.Au Hardcore
Join Date: Jan 2011
Posts: 1,354
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Quote:
Also in NSW, the stamp duty is a % of the vehicle's selling price. Since a lot a price haggling goes on with used car pricing, how does the dealer know how much the stamp duty is, or is this all calculated it the time of the haggling ? Does this mean that the new owner doesn't pay any fee when he transfers the car into his name online ? How does this work with private sales ? Dr Terry |
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#60 | |||
Regular Member
Join Date: Sep 2009
Location: Ballarat, VIC
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Quote:
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Xe ute with fairmont ghia front and fairmont interior. Stock 250 soon to be 302 2012 SZ TS Territory |
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