If i want to do a private sell, what is the process? Is there any documents i need to get? Any fees i need to pay? Thanks^^作者: sky 時間: 2009-5-1 20:50
nothing you need to pay, make sure your car's aircare not expire, btw, wt car are you selling?作者: Lik 時間: 2009-5-1 21:03
Make sure you sign the bottom part of your insurance paper and give that to the seller when he pays you. Also, either you or the buyer will need to get a vehicle transfer of ownership form from an AutoPlan broker. I think you'll have to both fill and sign that as well.
As a private seller, the process is really quite simple. It's when you're buying that you have to jump through fire-lit hoops and hurdles...
-Lik作者: Catpiano 時間: 2009-5-1 21:49
If you are TW girl .. Lik gor will help you la..作者: tofu 時間: 2009-5-1 21:57
if the selling price on the transfer form is over $500(still ???), the buyer will need to pay gst. so make sure you state clear that the money you will receive is include/exclude gst.作者: Lik 時間: 2009-5-1 22:14
I am fairly certain that the buyer does NOT pay the owner any taxes at the time of the vehicle transfer regardless of selling price. The payer pays his taxes when he takes the transfer of ownership papers to the AutoPlan broker and have the car registered under his name.
Really, the selling process is extremely straight forward for the seller. It's the buyer that has to do all the work.
-Lik作者: tofu 時間: 2009-5-1 23:16
yes, the buyer pays his tax to the agent. but since most people don't know there is still gst on private sale & in normal life, the seller collects the gst behalf of the govn't. so you better state clear to avoid the argument.
since both of you needs to sign the transfer form, you better fill out the price on the transfer form, in case the buyer fill out the relatively small amount to avoid the tax.作者: chocolatebean 時間: 2009-5-2 10:47
o so the buyer needs to pay gst?? thank you for letting me know,i have no idea you need to pay tax with private sale..作者: Ultraman 時間: 2009-5-2 10:54
Besides all the needed legal matters, you should also beware of the possibility of meeting prospective buyers who intend to rob you and/or steal your car at the time they want to meet you and to test drive your car! (actually, this kind of case did happen before.)作者: chocolatebean 時間: 2009-5-2 11:01
there is someone who wants to pay cash and asks us to sign a form to give him as a gift to avoid paying the tax, should i do it?作者: OncInc 時間: 2009-7-3 18:10
there is someone who wants to pay cash and asks us to sign a form to give him as a gift to avoid paying the tax, should i do it?
chocolatebean 發表於 2009-5-2 12:01
I believe you have to fill the selling price on the transfer form. People usually fill a smaller amount to lower PST. The buyer needs to provide some explanation if the selling price is too low. e.g. family transfer, major engine repair, etc.
BTW, what is the best way to accept payment from a buyer?
Cash, bank draft, certified cheque?作者: yoshi86 時間: 2009-7-3 19:33
make sure you do all the paper work and get the money infront of an Autoplan agent in any Autoplan office.