How to Sell Your Car in Australia Vs. the UK
- Car Advice,
- Apr 09, 2022
Selling your car can be a hassle, especially if you are unfamiliar with the car market. However, it does not necessarily have to be a tedious process; there are dealerships and reconditioning houses that will do it for you at a price. But what about the paperwork and other legal stuff you have to go through when selling a car?
Today we will go through such formalities and things related to selling a car. We will also look at how different it is to sell your car in Australia and the UK.
On a side note, the citizenship process is also different in Australia and the UK. The UK requires you to Practice Life in the UK Test while Australia has the Australian Citizenship Test.
Things to remember when selling your car in Australia
You should provide the buyer with a statement for their deposit and/or the remainder of the car's sale price. Moreover, you should also make sure that you and the buyer both fill out your information and sign the registration transfer and notification of disposal on the back of the certificate of registration. You should also keep the letter of disposition slip and offer the buyer the transfer of registration.
If the automobile is still protected by producer or dealer insurance, do not forget to provide photocopies of the paperwork. Also do not forget to hand over any extra keys, gadgets, the owner's handbook, and the registration and/or service manual to the buyer.
Remove your e-tag and any other personal things from the vehicle. Lastly, call your insurance provider to transfer or terminate your auto insurance coverage for your new vehicle. These above-mentioned legal formalities and paperwork differ from the ones that exist in the UK.
Valuation of your car in Australia
If you are a city dweller who rarely travels long distances and your car has not hit a significant number on the odometer, you will not have any problem selling your car. Your car will be valued more than average (more than others of the same model).
However, if your car has hit a significant number on the odometer you need not worry about it either. Since major cities are so far apart in the context of Australia, people usually understand the high mileage reading.
Moreover, in comparison to the UK, your car’s value will drop less with each increasing mile. There will not be a significant gap but rather a considerable one.
Things to remember when selling your car in the UK
You do not want to let off your car for less than it's worth. So, before your part-exchange arrangement or before you list your car for sale, look online for similar ones. Look for vehicles with similar wear levels and ages. It will provide you with a more accurate estimate of how much your automobile will resell for.
Furthermore, a car with a current MOT is more enticing than one without one. This saves the buyer money by not requiring a new MOT right immediately, and it also ensures that the vehicle is in good working order. This concept is non-existent in the continent of Australia.
If the new owner intends to drive the automobile within the UK, you must notify the DVLA that the vehicle has been sold and include the buyer's home address. If you don't do this, your car tax return could be jeopardized.
If the new owner intends to take the vehicle abroad and register it there, you must complete the 'permanent export' portion of your car logbook and return it to DVLA, Swansea, SA99 1BD. You should also include a letter with the buyer's name and address, as well as the remainder of your logbook, which they will need to file the car in the nation to which they are traveling.
Valuation of your car in the UK
The odometer reading is a bigger factor in the UK compared to Australia. The reason behind it is, that the UK is over 30 times smaller in size than Australia. Moreover, long-distance trips are far less common in the UK than in Australia. Trying to sell a car with a high odometer reading will be difficult or will depreciate its value drastically at the very least.
Whether you are selling a car in the UK or Australia, there will always be a part in the process where you might feel annoyed. So, just try to glide through the process and don’t think much of it.