Buying And Selling Cars As A General Person

[johnnnnnyboi]

hey boys nd gals i got a question how many cars are you allowed to sell as a normal person that isnt a part of a business? cause ive bought alot of cars and fixed them all up and i was gonna sell them but apparently my uncle said u can only sell like 3 cars a year by the government if ure just a private owner is this tru???

cheers.

[Ten Four]

Yep.

Its either 3 or 4 (cant remember, 3 I think), buy and sell within the same year. After that, you pay big tax

Edited June 29, 2010 by Ten Four

[johnnnnnyboi]

ahhh thanks mate, shit what am i gonna do with all these skylines... ill sell one soon, thanks mate

[Ten Four]

Haha, list what you've got?

Like said, if you bought them on december 31, it doesn't count as current year - just hang onto them?

[johnnnnnyboi]

Haha, list what you've got?

Like said, if you bought them on december 31, it doesn't count as current year - just hang onto them?

well ive got two both r33's 1 is 1993 gun metal grey standard mods with a bit extra resprayed interior manual turbo only done 106,000kms just gotta do a bit more work to it, the other one is another r33 but i duno what it wud be series 2? but its a 4 door and the taillights are not the same as the normal gts-t's its only done 68,000kms genuine... haha auto, turbo, pretty stock, just its been sitting around for a while just gotta do change the oil and all that sorta stuff to get it running again. in a few weeks ill probs sell the 4 door, im wondering how much i cud get for either one cause like... i actually want a supra now

[Ten Four]

Pics better

[snozzle]

ive sold more than 3 cars in 1 year, nothings happened to me :S

its just some myth ppl throw around to each other obviously started to reduce the amount of "backyard dealing" going on

just make sure that they cant prove that your making a taxable amount of profit via buying/selling/dealing cars, thats basically the principle you should be following, not a set number of cars

"im a fussy guy, im just trying to find the perfect car for me, ill keep buying and selling until i find the right car, nothing wrong with that?" is all you gotta say :blush:

[Ten Four]

^Nooo. Bought & Sold within same year.

Can sell as many as you want.

Edited June 29, 2010 by Ten Four

[snozzle]

pretty sure ive sold AND bought more than 3 too hahaha

[Ten Four]

Must be 4 then lol. We got a letter from DPI

Will look it up now...

[snozzle]

oh please show me, i want to lol

[johnnnnnyboi]

ure pretty right snozzle that is me, i just want to find the car like skylines were fun and always my dream car the two door but when my mates come with they are like f**k man we cant fit in this thing so i bought the 4 door so i have them two now but what im realising is i want a supra now and i cudnt give a shit about space cause im just like omgggg sexyyyyy haha

[Ten Four]

Dpi.. useless site. CBF

Syfon could answer this.

I've gone through a few cars lol.

Miss my R32 GTR most though

Edited June 29, 2010 by Ten Four

[Hanaldo]

Hahaha yeh, if anyone is going to know, it will be James

How long until you sell the M3 you reckon James? Hehe

[Guest]

It is illegal in WA to sell a motor vehicle strictly for profit as it breaches the Motor Dealers act, I am 100% it is a fact as I have seen prosecutions and a few people have been called into Dept of Commerce with a please explain letter.

We are talking blatant breaches here not sell a car 3 months after owning it but if multiples they are flagged, who imports cars and puts them in the Quokka a day or so after being plated and still unregistered.

Brokers also require a dealers licence in WA or they are also breaching the Motor Dealers act, all this info is available from Dept of Commerce Motor Vehicles Branch

[Mr Eps]

i'd like to add to DRIFTT's post that this is to prevent people from making any profit off selling cars in WA so that the likes of John Hughes and DVG and AHG can continue to flourish, many industries are "stitched up" like this and our government can be bought and sold like currency.

(that's my opinion)

[syfon]

It is very difficult to monitor how many cars an individual is selling/buying, but at the end of the day, there is no limit per year.

However, there are special conditions if you wish to become a dealer. Ie, dealers do not pay stamp duty (vehicle licence duty) when they acquire vehicles; they just pay the transfer fee of $14.70. When you and I buy cars, we have to pay the full amount for stamp duty.

So, in answer to your question, there is no limit

[johnnnnnyboi]

thanks for the info ill deffs take this in, looks like ill have to hold onto them for a bit longer haha cheers. im not sellin for profit but i just got heaps of cars right now, i buy them bung up to force myself to learn to fix them =D so then i gain more knowledge of cars out of force, but im sorta over it, just want a supra and thats it haha

[snozzle]

as iii thought thanks syfon, which dpi do you work at btw? no stamp duty sounds damn fine to me!!

[Guest]

It is very difficult to monitor how many cars an individual is selling/buying, but at the end of the day, there is no limit per year.

So, in answer to your question, there is no limit

It isn't hard at all these days to monitor how many cars an individual is selling/buying it is actually piss easy from what I have seen and yes there is a limit for selling cars for profit which is ZERO.

The actual legislation people are breaching is Motor Vehicle Dealers Act s30(1)