Buying a car - tax, insurance etc.
Mar 10th 2004, 9:57 am
#1
Forum Regular
Thread Starter
Joined: Jul 2002
Location: Sydney, NSW
Posts: 122
Buying a car - tax, insurance etc.
I tried to figure out what you pay for when buying a car, but got totally confused. e.g. In NSW you buy:
3rd party insurance
I believe this is mandatory. Do you buy this along with your normal comprehensive policy from an insuarance company? Is 3rd party a one-off when you buy the car, or do you pay annually along with your comprehensive policy?
Stamp Duty
In NSW I believe it's 3.0% of purchase price up to $45k, then 5% of purchase price above $45k. Do you pay this to the dealer or have to pay the authorities seperately somehow?
Registration Fee
What is this? Apparently it's charged each year depending on the weight of your car (NSW). Is this the equivelent to a UK tax disc? or is it like a vehicle log book?
Help!! Cheers.....
3rd party insurance
I believe this is mandatory. Do you buy this along with your normal comprehensive policy from an insuarance company? Is 3rd party a one-off when you buy the car, or do you pay annually along with your comprehensive policy?
Stamp Duty
In NSW I believe it's 3.0% of purchase price up to $45k, then 5% of purchase price above $45k. Do you pay this to the dealer or have to pay the authorities seperately somehow?
Registration Fee
What is this? Apparently it's charged each year depending on the weight of your car (NSW). Is this the equivelent to a UK tax disc? or is it like a vehicle log book?
Help!! Cheers.....
Mar 10th 2004, 10:16 am
#2
Forum Regular
Joined: Apr 2003
Location: Sydney
Posts: 222
G'Day
Not posted for a while
3rd Party is mandatory and the $ depends on many variables
Stamp duty only applies on new cars and 4 varies depening on the state you live in
Rego is the same as tax in the UK and $ is also dependant on the state you live in.
Australian licence can be obtained by doing the theory test (UK only) at an RTA office, you can practice the test on the RTA web site
Hope this helps
Not posted for a while
3rd Party is mandatory and the $ depends on many variables
Stamp duty only applies on new cars and 4 varies depening on the state you live in
Rego is the same as tax in the UK and $ is also dependant on the state you live in.
Australian licence can be obtained by doing the theory test (UK only) at an RTA office, you can practice the test on the RTA web site
Hope this helps
Mar 10th 2004, 10:21 am
#3
BE Forum Addict
Joined: Oct 2003
Location: Nappyland
Posts: 2,886
Originally posted by John Howard
Stamp duty only applies on new cars and 4 varies depening on the state you live in
Stamp duty only applies on new cars and 4 varies depening on the state you live in
Mar 10th 2004, 10:42 am
#4
Forum Regular
Thread Starter
Joined: Jul 2002
Location: Sydney, NSW
Posts: 122
Originally posted by John Howard
G'Day
Not posted for a while
3rd Party is mandatory and the $ depends on many variables
Stamp duty only applies on new cars and 4 varies depening on the state you live in
Rego is the same as tax in the UK and $ is also dependant on the state you live in.
Australian licence can be obtained by doing the theory test (UK only) at an RTA office, you can practice the test on the RTA web site
Hope this helps
G'Day
Not posted for a while
3rd Party is mandatory and the $ depends on many variables
Stamp duty only applies on new cars and 4 varies depening on the state you live in
Rego is the same as tax in the UK and $ is also dependant on the state you live in.
Australian licence can be obtained by doing the theory test (UK only) at an RTA office, you can practice the test on the RTA web site
Hope this helps
Thanks. What about the 3rd Party stuff? Is it a one off purchase or do you buy it with your comprehensive policy each year??
Mar 10th 2004, 11:27 am
#5
Born to be ignored
Joined: Sep 2003
Location: Anstead, Brisbane
Posts: 1,138
Originally posted by cruisey
Thanks. What about the 3rd Party stuff? Is it a one off purchase or do you buy it with your comprehensive policy each year??
Thanks. What about the 3rd Party stuff? Is it a one off purchase or do you buy it with your comprehensive policy each year??
Jane
Mar 10th 2004, 11:43 am
#6
Forum Regular
Thread Starter
Joined: Jul 2002
Location: Sydney, NSW
Posts: 122
Originally posted by JaneandJim
Its included in the rego.
Jane
Its included in the rego.
Jane
If someone needs to make a claim against you, does that mean they claim off the 'rego' people as well as your insurance company?
Mar 10th 2004, 9:26 pm
#7
Just Joined
Joined: Feb 2004
Location: Auckland till May, then Brisbane!
Posts: 18
Originally posted by cruisey
Ah right. So when you tax your car it comes with 3rd party insurance included, sounds like a good idea.
If someone needs to make a claim against you, does that mean they claim off the 'rego' people as well as your insurance company?
Ah right. So when you tax your car it comes with 3rd party insurance included, sounds like a good idea.
If someone needs to make a claim against you, does that mean they claim off the 'rego' people as well as your insurance company?
Also anyone bought a car at the auctions ???
ta
Mar 10th 2004, 10:21 pm
#8
BE Enthusiast
Joined: Jul 2003
Location: Westleigh, Sydney
Posts: 553
Originally posted by HiddenPaw
Stamp duty applies on new AND used in Vic and SA.
Stamp duty applies on new AND used in Vic and SA.
Mar 11th 2004, 6:50 am
#9
Forum Regular
Joined: Apr 2003
Location: Sydney
Posts: 222
Originally posted by cruisey
Ah right. So when you tax your car it comes with 3rd party insurance included, sounds like a good idea.
If someone needs to make a claim against you, does that mean they claim off the 'rego' people as well as your insurance company?
Ah right. So when you tax your car it comes with 3rd party insurance included, sounds like a good idea.
If someone needs to make a claim against you, does that mean they claim off the 'rego' people as well as your insurance company?
3rd party/CTP/Green Slip all the same thing is NOT included in your Rego in NSW. You have to buy a green slip every year before you can re-register your car, it cost me as follows:
CTP green slip $345 with NRMA equiv. to AA and RAC
Rego $245 Price depends on model and year of car
registering the car in my name after purchase $200
Fully comp insurance $900 for two named drivers both over 30 with full no claims 65% with NRMA
If you also get home insuranse with NRMA they give you 10% back!!
Its a rip off, same as the UK!!
Good luck
Mar 11th 2004, 9:30 am
#10
BE Enthusiast
Joined: Apr 2002
Location: Sydney
Posts: 336
I just got a fully comp insurance renewal notice through for my commodore wagon for $1041. I phoned round for another quote as I was disgusted that it had gone up by $300 in one year. I got a quote from Budget Insurance for $617 with protected no claims and all the trimmings!! Guess who I'm insuring with this year!!!
Anyway, I'll add that the Compulsory Third Party in NSW DOES NOT cover property, it only covers people. i.e if you hit someones car you are not covered but if you run someone over then the CTP covers it. Yet driving with just CTP is legal! So there are many mad people out there with no insurance which is why we always get fully comp. cover. You can get third party property, theft and fire insurance which is about half the fully comp insurance.
Our CTP and Rego is much the same as yours. But you are looking at heaps more for CTP for a motor bike, my hubby's ctp quote was around the $900 but then the rego was about $80, still a bit much though. Oh and the stamp duty on buying a car is worked out from the purchase price including the GST so you end up paying a tax on top of tax!! Yep some things are a bit of a rip off but the good far out weigh the bad!!
Mandy
Anyway, I'll add that the Compulsory Third Party in NSW DOES NOT cover property, it only covers people. i.e if you hit someones car you are not covered but if you run someone over then the CTP covers it. Yet driving with just CTP is legal! So there are many mad people out there with no insurance which is why we always get fully comp. cover. You can get third party property, theft and fire insurance which is about half the fully comp insurance.
Our CTP and Rego is much the same as yours. But you are looking at heaps more for CTP for a motor bike, my hubby's ctp quote was around the $900 but then the rego was about $80, still a bit much though. Oh and the stamp duty on buying a car is worked out from the purchase price including the GST so you end up paying a tax on top of tax!! Yep some things are a bit of a rip off but the good far out weigh the bad!!
Mandy
Originally posted by John Howard
3rd party/CTP/Green Slip all the same thing is NOT included in your Rego in NSW. You have to buy a green slip every year before you can re-register your car, it cost me as follows:
CTP green slip $345 with NRMA equiv. to AA and RAC
Rego $245 Price depends on model and year of car
registering the car in my name after purchase $200
Fully comp insurance $900 for two named drivers both over 30 with full no claims 65% with NRMA
If you also get home insuranse with NRMA they give you 10% back!!
Its a rip off, same as the UK!!
Good luck
3rd party/CTP/Green Slip all the same thing is NOT included in your Rego in NSW. You have to buy a green slip every year before you can re-register your car, it cost me as follows:
CTP green slip $345 with NRMA equiv. to AA and RAC
Rego $245 Price depends on model and year of car
registering the car in my name after purchase $200
Fully comp insurance $900 for two named drivers both over 30 with full no claims 65% with NRMA
If you also get home insuranse with NRMA they give you 10% back!!
Its a rip off, same as the UK!!
Good luck
Mar 11th 2004, 10:38 am
#11
Forum Regular
Thread Starter
Joined: Jul 2002
Location: Sydney, NSW
Posts: 122
Originally posted by Mandy Bale
I just got a fully comp insurance renewal notice through for my commodore wagon for $1041. I phoned round for another quote as I was disgusted that it had gone up by $300 in one year. I got a quote from Budget Insurance for $617 with protected no claims and all the trimmings!! Guess who I'm insuring with this year!!!
Anyway, I'll add that the Compulsory Third Party in NSW DOES NOT cover property, it only covers people. i.e if you hit someones car you are not covered but if you run someone over then the CTP covers it. Yet driving with just CTP is legal! So there are many mad people out there with no insurance which is why we always get fully comp. cover. You can get third party property, theft and fire insurance which is about half the fully comp insurance.
Our CTP and Rego is much the same as yours. But you are looking at heaps more for CTP for a motor bike, my hubby's ctp quote was around the $900 but then the rego was about $80, still a bit much though. Oh and the stamp duty on buying a car is worked out from the purchase price including the GST so you end up paying a tax on top of tax!! Yep some things are a bit of a rip off but the good far out weigh the bad!!
Mandy
I just got a fully comp insurance renewal notice through for my commodore wagon for $1041. I phoned round for another quote as I was disgusted that it had gone up by $300 in one year. I got a quote from Budget Insurance for $617 with protected no claims and all the trimmings!! Guess who I'm insuring with this year!!!
Anyway, I'll add that the Compulsory Third Party in NSW DOES NOT cover property, it only covers people. i.e if you hit someones car you are not covered but if you run someone over then the CTP covers it. Yet driving with just CTP is legal! So there are many mad people out there with no insurance which is why we always get fully comp. cover. You can get third party property, theft and fire insurance which is about half the fully comp insurance.
Our CTP and Rego is much the same as yours. But you are looking at heaps more for CTP for a motor bike, my hubby's ctp quote was around the $900 but then the rego was about $80, still a bit much though. Oh and the stamp duty on buying a car is worked out from the purchase price including the GST so you end up paying a tax on top of tax!! Yep some things are a bit of a rip off but the good far out weigh the bad!!
Mandy
Thanks Mandy. Does CTP come as part of your Comprehensive cover from your insurer? Or do you buy it seperately??
Mar 12th 2004, 5:47 am
#12
BE Forum Addict
Joined: Jan 2003
Location: Brisbane
Posts: 1,576
Originally posted by cruisey
Thanks Mandy. Does CTP come as part of your Comprehensive cover from your insurer? Or do you buy it seperately??
Thanks Mandy. Does CTP come as part of your Comprehensive cover from your insurer? Or do you buy it seperately??
First time I renewed my rego I switched my CTP to the same company as my comprehensive policy was with.
Just renewing mine now.
REGO $225
CTP $357
Plus comprehensive insurance when it's due last year it was $356 for a 5 year old Ford Laser.
Mar 12th 2004, 5:52 am
#13
Guest
Posts: n/a
Originally posted by Mandy Bale
You can get third party property, theft and fire insurance which is about half the fully comp insurance.
Mandy
You can get third party property, theft and fire insurance which is about half the fully comp insurance.
Mandy
I didn't think it was available with Fire & Theft, unless you went for Comprehensive cover.
