So, you just sold your car. Wondering what the next steps are? Whether you sold your car online, in person, or even through DIYinspect, most processes dealing with the transfer of an asset, there are a few legal steps. Sometimes there are things you haven’t thought to consider or didn’t realise or don’t even know where to find it. It can be a real headache – we know, so we’d like to break it down for you to understand it with zero fuss. DIY makes it as easy and as straight forward as possible since we take care of most of it for you.
Here’s what you’ll need when selling your car:
Registration Certificate/ Renewal Letter:
Registration AKA Rego. This is the document that identifies your vehicle. It is mandatory for a vehicle to have a valid Rego in Australia. Each state has differing requirements regarding your Rego and it is important to double check when selling your car. An online search is not sufficient –this search does not have any details of the registered owner, it only states that the vehicle is registered.
If you have any questions about your registration papers, contact the DIYinspect team.
Below are links to find out more info of regos in each state:
If you’ve lost your registration papers, don’t worry, you can get them re-issued by visiting the links above.
Number plates are the official identification number of your vehicle. Number plates generally go with the car when you sell it. If you have personalised number plates, you will have to swap the plates to standard state plates before the vehicle is collected/dropped off. (I’ll add a photo of a personalised vs regular number plate). If you need more info about state specific requirements, you can click on a link on the map above.
Letter of Authority (If selling on behalf of registered owner)
If you’re selling on behalf of the registered car owner, and they are unable to sign the forms, a letter of authority is needed. A letter of authority is written, dated and signed by the registered owner to give the seller permission to act on their behalf for the sale of their vehicle. If funds are being transferred into an account that is not the registered owner this must also be specified in the letter.
We’ll need a photo of the front and back of the driver’s license of the owner and seller of the car. This is an official identification document – It’s important to make sure that the owner of the car matches the registration documents. If you’re selling on behalf of a registered owner, we’ll need a photo of your driver’s license too. It’s just a quick snap and email to our friendly admin team, [email protected]
This is our official legal document for the sales agreement. We’ve got the vehicle details covered, all you need to fill in are your bank account details. If you have finance owing, please see the ‘Finance Payout Letter’ below for more info.
Finance Payout Letter:
This is only required if you have finance owing/novated lease on your car. This is all good for DIYinspect because we buy cars that have finance owing. To make it easier, you’ll just have to provide the finance payout details on the purchase agreement document as aforementioned. This means we pay the finance company directly. You’ll just have to pay the balance – if there is any.
What you don’t need to worry about:
A Roadworthy certificate proves that your vehicle is safe to be used on public roads. This is presented once your car passes a safety inspection. Once again there are differing rules concerning roadworthy certificates depending on what state you reside in. Luckily, when you sell your car on DIYinspect, you don’t need to worry about this because we’ve got it covered.
Cars sold on DIYinspect are organised to be sent to a Pickles branch. The branch has their own paperwork to fill out which confirms the purchase agreement and transfer of ownership.
Once you have all the paperwork sorted, your car can be organised to be collected. With DIYinspect towing is free within 30km of a branch. Alternatively, you can drop the car off yourself. Once your vehicle is at branch, payment will be transferred to your bank account within 5 days, but usually faster.. Sounds easy? That’s because it is.
If registered under a company:
- Registration papers
- Company invoice addressed to the below
PVT Sales Pty Ltd
ABN 50 001 800 960
36-40 Harp Street, Belmore
If unable to provide an invoice we will require;
- Letter of Authority from all directors or company secretary on company letter head
- Director’s driver’s license/photo ID
- Company search from the ASIC website