Getting ready to sell your car but not sure where to begin? Wonder no more, because I Sold My Car have prepared a comprehensive guide detailing the steps and legal requirements in the state of NSW, VIC and QLD. By following the steps below, you can expect to achieve a great price for your car and a hassle-free experience.
How to Sell a Car in Australia
Selling a car in Australia is much the same no matter which state you are in. The only notable difference may be the road and traffic authority you are required to deal with, as each state has a separate agency responsible for the registration and management of private vehicles.
Below you will find some state-specific requirements, as well as a link to the motoring body you will need to deal with:
You need to provide the buyer with proof of entitlement to register the vehicle.
If your car is older than five years, you will need to obtain a pink slip to prove it is roadworthy.
You must inform the RMS when your vehicle has been sold, otherwise you may be liable for toll charges and driving offences committed by the new owner.
- VIC – VicRoads
If selling privately, you will need a current roadworthy (referred to in Victoria as a ‘Certificate of Roadworthiness’). VicRoads can advise you details of approved testers in your area.
As the seller, you will need to obtain a current vehicle safety certificate before you advertise your car for sale. This will need to be displayed on your windshield in a prominent position.
If your car runs on LPG, you will also need to obtain a gas certificate.
For all states, you will need to inform potential buyers if your car has been registered as written-off.
Now you know the requirements, you just need to decide whether you want to sell your car privately OR to a dealer or car buyer (such as us!).
Typical Car Sales Process
- Consult a Price Guide OR get a Valuation
Before you go any further, it’s a good idea to look at the market. Researching identical model cars on popular car sales websites will give you an idea of market value. You might also like to consult a price guide such as Redbook.
It’s also a good idea to get a professional valuation, whether from your local dealer or any other business that buys cars. You may be surprised by their offer, and in some cases, you may be tempted to sell on the spot! But if not, you’ll still have a ballpark figure on your cars value.
- Decide on Your Price
Once you have a figure in mind, you can start thinking about creating your private sale listing. Private buyers will always try to bargain, so it’s a good idea to add a little bit on top of your price so that you can be more open to negotiation. Don’t get too greedy or you will find your car sits on the market for months on end, you must always consider the age and condition of your car when deciding on a price.
- Professional Detail + Photos
It is important that your car looks and smells as good as it possibly can, and it’s well worth paying a few hundred dollars for a professional detail. You will easily make this money back in the sale, and your car will generate much more interest if it is clean and presentable. After this, head out and grab a few photos to be used in your listing. Morning is usually the best time for photos. Make sure you clearly show every part of your vehicle, including interior, exterior and the engine bay.
- Create your Advertisement
Time to list! Upload your photos and create a detailed advertisement on leading car sales websites and any other platforms of your choosing. You could even advertise on your local village noticeboard.
Be honest and open in your description and ensure that your car compares well against other local sellers, as this will help in achieving a quick sale.
- Await the Calls
Now all you need to do is sit back and await the calls and email enquiries. It is important to answer these promptly, and many buyers will ask to arrange a test drive. If they are happy with how your vehicle presents and wish to buy it, there’s only a few steps left!
- Arrange payment
After negotiations have taken place and agreement has been made, it’s time to get paid. Payment should only be accepted via bank cheque, direct deposit or cash. You should provide the buyer with a receipt – make sure to include your details, the buyers details, the sale price, registration and VIN number of the vehicle.
- Transfer Registration and Lodge Notice of Disposal
You will need to contact your states local motoring agency to lodge a notice of disposal. Both you and the new owner will also need to sign the transfer of registration. This information can be found on the back side of the vehicle’s registration certificate.
For information on vehicle registration transfer by state, please see the links below:
- Insurance Transfer
Congratulations, the sales process is now over! If you are upgrading to a new car, you will need to contact your insurer so that they can adjust your premium. Alternatively, you can cancel the policy.
Don’t want the hassle? Sell to Us
Selling a car privately is great if you have the time and inclination to take calls and arrange visits/test drives. As you can see, the process is much the same no matter which state you are in. Whether you choose to sell online, advertise in the paper or even your local community noticeboard, you are bound to sell your car sooner or later.
But if you are after a quick and easy way to sell your car, think of us! I Sold My Car buy cars of all makes and models, and we make sure you get paid out FAST. If you want to move on to your new set of wheels faster, there’s no better way to sell. Contact us today and we’ll get back to you to arrange an inspection and make an offer.
No matter how you choose to sell, we wish you all the best