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The Pub For General Automotive Related Talk |
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#61 | |||
FF.Com.Au Hardcore
Join Date: Jan 2011
Posts: 1,350
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Quote:
It sound like you're selling used cars the way new cars used to be sold in NSW. In other words if the car has a $15,000 price tag on the windscreen, it is actually $15,000 plus on 'on-road costs', which the dealer then adds to the final price & includes in the payable price. The dealer then handles the payment to rego authority on behalf of the buyer. Dr Terry |
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#62 | |||
nondescript
Join Date: May 2013
Location: Country Vic
Posts: 100
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Quote:
Q. If I buy a used vehicle costing $25,000 for my small business, which is registered for GST, can I claim the GST credit if I purchase it from a dealer? What if I buy a used car privately, does GST apply? A. Only businesses registered for GST can claim a credit for GST in the purchase cost of an item. In addition only businesses registered for GST can charge the tax. In your case, if you buy the vehicle from a GST-registered dealer, you would be able to claim up to 100 per cent of the GST included in the purchase price. If the vehicle was purchased from a private person who is not registered the GST, none would have been included in the purchase price. Read more: http://www.smh.com.au/money/planning...#ixzz40t3ROzBA Follow us: @smh on Twitter | sydneymorningherald on Facebook Last edited by Random Ranger; 22-02-2016 at 09:21 PM. |
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#63 | |||
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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#64 | |||
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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#65 | ||
FF.Com.Au Hardcore
Join Date: Nov 2009
Posts: 3,876
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A dented 2010 XR6 turbo with scratches... I don't think 11k is outrageous. But be careful comparing your cars listed on Carsales, just because they ask 20 doesn't mean they will get it.
Keep pushing them on the price, I'm sure they will work on the changeover. While you work it all out, chuck it up on Carsales and see what happens. Last edited by Brazen; 22-02-2016 at 09:23 PM. |
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#66 | |||
Regular Member
Join Date: Sep 2009
Location: Ballarat, VIC
Posts: 345
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Quote:
Sent from my SM-G920I using Tapatalk
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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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#67 | |||
FF.Com.Au Hardcore
Join Date: Jan 2011
Posts: 1,350
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Quote:
https://www.ato.gov.au/Business/GST/...econdhandgoods Dr Terry Last edited by Dr Terry; 22-02-2016 at 09:38 PM. |
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#68 | |||
FF.Com.Au Hardcore
Join Date: Jan 2011
Posts: 1,350
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Quote:
I do get it that the dealer pays the stamp duty on behalf of the owner, but is it included, by law, in the 'sticker price'. Dr Terry |
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#69 | |||
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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#70 | ||
FF.Com.Au Hardcore
Join Date: Jan 2011
Posts: 1,350
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#71 | ||
R.I.P. Maggie
Join Date: May 2015
Location: Brisbane
Posts: 1,286
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No i always said dont know what vic does, but i know they can do frive away pricing dont know if they hsve to do it thay. Im not saying i agree with it it just is what it is
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AUII XR8 200Kw Ute FG XR6T 1976 289 Mustang (Gone) |
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#72 | |||
Same ****-Different Day
Join Date: Oct 2008
Location: Northern Vic
Posts: 1,287
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Quote:
BTW Random is correct with the GST. https://www.ato.gov.au/Business/GST/...otor-vehicles/ Purchasing a second-hand motor vehicle If you purchase a second-hand motor vehicle from someone who is not registered for GST and you are purchasing the vehicle to sell or exchange it, you may be entitled to claim a GST credit. If the cost of the vehicle is more than $300, you can claim the GST credit when you sell the vehicle, provided the sale of the vehicle by you is a taxable sale. The credit is the lesser of either:
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Bax. Current Vehicles RA Wildtrak V6, UA2 Everest Trend 2.0lt |
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#73 | |||
Regular Member
Join Date: Sep 2009
Location: Ballarat, VIC
Posts: 345
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Quote:
Sent from my SM-G920I using Tapatalk
__________________
Xe ute with fairmont ghia front and fairmont interior. Stock 250 soon to be 302 2012 SZ TS Territory |
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#74 | |||
FF.Com.Au Hardcore
Join Date: Jan 2011
Posts: 1,350
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Quote:
I disagree on the the GST though. Read this link:- https://www.ato.gov.au/Business/GST/...econdhandgoods To my knowledge the second hand dealer having a dealer's license is one of the conditions listed. Just imagine if a 2nd hand dealer purchased a car from a private (non-ABN) entity for say $50,000 & then on sold it for $52,000, because it was a dog or a slow selling model. Under your rules he would have to pay the ATO $5,000 & yet only had a margin of $2,000, so he loses $3000. The private/2nd hand dealer thing was one the concessions made in the early days of GST to avoid such things. It was mainly to prevent price inflation. Dr Terry |
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#75 | |||
FF.Com.Au Hardcore
Join Date: Jan 2011
Posts: 1,350
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Quote:
Dr Terry |
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#76 | |||
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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#77 | ||
as in chopped
Join Date: Jun 2007
Posts: 1,991
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You might have got a higher trade in on a less popular model in the Ford range.
You want a highly desired limited numbers model (Sprint), unfortunately for you, they get to call the shots on this one. They know that Sprint will sell regardless so why give it away.
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-> Reading this signature was pointless <- |
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#78 | ||
The Terrain Tamer
![]() ![]() Join Date: May 2013
Posts: 36,364
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IMHO, I wouldn't bother getting it painted - just be prepared to drop the price a little (like you suggested).
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Current Ride : A Ford owned D3... |
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#79 | |||
_Oo===oO_
Join Date: Dec 2004
Location: Australia
Posts: 3,305
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Quote:
After my recent few dealer 'experiences' I'll stick to private sales from now on. And I'm fine with the dealer missing out on 6K, as I got the 3K extra I needed. |
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#80 | |||
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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#81 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,684
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Car is worth about 17k on the private market maybe even a little less if it presents in bad condition. 11k is not an unreasonable trade in value considering the car you want to buy.
I have never bought a used car from a dealer, and i never will. The very reason being is they tart up cars that weren't originally in great condition and charge an extra few thousand dollars for the trouble. When i buy a car i make sure they are immaculate, so going to the private seller gives me a first hand view of the condition that car is in. If you don't like the trade in chuck it on carsales for 17k and it would sell within two weeks if you present it well, it's all about presentation. Every car i have sold has been gone within two weeks to the first person that looked at it |
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#82 | |||
The Terrain Tamer
![]() ![]() Join Date: May 2013
Posts: 36,364
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Quote:
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Current Ride : A Ford owned D3... |
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#83 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,684
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Also presentation goes a long way when you trade,
When i went with my uncle to buy his 2012 FG GT brand new he took his 03 BA XR8 ute with 150,000km to see if they would do a good trade, he presented it immaculately. They gave him $14,000 for the ute, which is the same as they were selling privately. He paid $62,500 for the GT which was a great price back then, minus the 14k he got for his ute of course. The dealer rang him four days later and said he sold it for $17,500. |
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#84 | |||
FF.Com.Au Hardcore
Join Date: Jul 2012
Posts: 3,878
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Quote:
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#85 | |||
FF.Com.Au Hardcore
Join Date: Aug 2013
Location: Cairns FNQ
Posts: 602
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Quote:
Some really shonky vehicles come into dealerships and car yards so I can understand why they're wary. I'm no fan of car salesmen though, I think they're about level with politicians and lawyers aren't they? |
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#86 | ||
Isn't it obvious?
![]() Join Date: Nov 2009
Location: in a world of idiots
Posts: 5,383
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Just trade the ******* thing in
Youll be behind a new sprint with a grin from ear to ear and wont even remember the date time price or car you even traded in!
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08 Strike G6E T. 10 Ergo G6E Sept 75 XB Falcon in mushroom beige, 3 on the tree 200cid for sale, offers in the teens |
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#87 | |||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,684
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#88 | ||
FF.Com.Au Hardcore
Join Date: Jun 2013
Location: Adelaide
Posts: 1,601
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Trade in pricing is hardly a rort, you are buying a limited edition highly sought after model, so they wont fall over themselves giving you a huge trade in price. Plus they only want to pay you wholesale for it.
If you have the time and patience, sell private, but if it was me I could hardly be bothered.
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____________________ 2019 LDV G10 2009 Mitsubishi Express-GONE 2011 Honda Jazz ____________________ |
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#89 | ||
FF.Com.Au Hardcore
Join Date: Jul 2012
Posts: 3,878
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Yeah well the stock answer when you ask someone about the new car.Well the old girl was starting to have a few problems so I thought best get rid of it while it's still going alright
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#90 | |||
R.I.P. Maggie
Join Date: May 2015
Location: Brisbane
Posts: 1,286
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Quote:
__________________
AUII XR8 200Kw Ute FG XR6T 1976 289 Mustang (Gone) |
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