So, the time has come to sell your car. Ideally you would have sold it prior to registration running out, but that chance has slipped by, so now what? The good news is… YOU CAN sell your car without registration – but you may find it a little more difficult. Read on to learn everything you need to know about selling a car without registration in Australia.
Why is Registration Important?
Used car buyers are preparing to invest a good chunk of money in your vehicle, and ideally they would prefer to get on the road immediately. If the car is sold without registration, it not only means extra expense for an eSafety check + registration renewal, it could also mean paying for transport costs or applying for an unregistered vehicle permit.
It is illegal to drive an unregistered vehicle on public roads, so potential buyers may not be able to properly test drive the vehicle to determine its overall condition. Vehicles sold with current registration have undergone a safety check and been deemed roadworthy, giving buyers a sense of confidence.
What all this means is that buyers are taking a risk when purchasing an unregistered vehicle. Don’t be surprised if your car doesn’t get much interest, but if you are prepared to wait and have advertised your car at a keen price, you should find a buyer eventually.
Key Facts about Car Registration
- You can only drive an unregistered car on public roads in NSW for the purpose of obtaining registration using the most direct/convenient route.
- If the registration expired more than 3 months ago, you will need to set up a new registration.
- If the car is sold with current registration, the new buyer will have 14 days to transfer the vehicle into their own name.
Tips to Increase Your Chances of Selling an Unregistered Car
- Consider Registering It
Whilst you may not want to spend any more money on your car, if you want a quick sale it may make sense to register the car. You can build the cost of registration into your asking price, so in the end you will not be out of pocket.
Buyers often worry about purchasing unregistered vehicles, because it may indicate a serious issue with the car. If your car is very old it may not be worthwhile shelling out for a pink slip, green slip and registration because prospective buyers will likely want to spend some time restoring it. If the car is not collectible and is in very poor condition, you may be better off selling it to a wrecker. But if your car is in good working condition, it’s worth considering as you will achieve a much quicker sale.
- Price it Competitively
If you choose to sell your car without registration, you’ll need to make sure that it is keenly priced. Look at the most popular car sales websites and see what similar age/condition vehicles are selling for. Smart buyers know that registration and duty costs are not cheap, so they will expect a bargain price on the car to account for the extra time and expenses involved in getting it on the road. If you price your car well below market value, you should be able to achieve a quick sale.
- Sell to a Car Buyer
The private market is limited when you are selling a car with expired registration in Sydney, so you might like to consider selling to a car buyer or wrecker. This will allow you to receive a fast payout and hassle-free sale. Wreckers may use your car for parts, whilst car buyers may re-register it and on sell to someone else. For a valuation of your vehicle, please contact I Sold My Car today.
Good Luck with Your Sale!
Selling an unregistered car can be a bit tricky, but if you give it some time and price it right you will get a buyer eventually. The team at I Sold My Car wish you the best of luck with the sale of your vehicle, and if you have any questions about our purchasing process please feel free to get in touch with us.