Remunerator News

Sep 21 2020

Thinking of Buying Your Novated Lease Interstate?

Here’s what you need to know.

Buying a car from a different state is possible and has many benefits! However, there are some extra things to consider and undergo in order to make it happen.

Benefits

  • More vehicles to choose from
  • Wider range of prices to choose from
  • Negotiating power

Costs to consider:

Transferring the registration

It is important for you to budget for the costs of transferring the vehicle’s registration into your name. If you are purchasing a used car, and the car is already registered, the seller needs to cancel the local registration first. Then you have 14 days after purchasing the car to register the car under your name and address. If you are purchasing a new car, you will have to organise the rego of your new car.

If you plan on driving the vehicle home, and the vehicles registration is cancelled or unregistered, you will most likely need to apply for a temporary registered vehicle permit.

Roadworthy and safety certificates

In order to register the car in your home state, you must obtain a roadworthy and safety certificate. These costs vary from state to state, so check with the roads and transport department in your state to find out what the exact costs are.

Insurance

As part of the costs of registering your vehicle, you will need to budget for compulsory third party (CTP) insurance. Depending on the state, this cost can be automatically attached to the registration fee.

Getting the car to you

This cost will depend on how far the car located from you, if you decide to pick the car up yourself or have it delivered to you. There are freight companies that specialise in the delivery of cars interstate; however, this is a costly exercise. If you drive the car back itself, ensure that you budget for flight, fuel, accommodation and general expenses you will incur while travelling.

If you plan on driving the vehicle home, and the vehicles registration is cancelled or unregistered, you will most likely need to apply for a temporary registered vehicle permit.

What to consider before you buy:

Organise a car inspection

It is highly recommended that you have the vehicle properly inspected before you buy it. This can be done by either:

  1. Inspecting the vehicle yourself
  2. A Pre-purchase vehicle inspection service such as NRMA, RACV, RACQ, or a local trusted mechanic

Conduct a vehicle background check

It is highly recommended that you conduct a full check of the vehicle’s history. This informs you if the car has been written off or damaged, stolen, is under finance, the build and compliance dates, its sales history, and the consistency and accuracy of the odometer reading.

These checks can be completed by yourself through the Personal Property Security Register (PPSR) and your states roads and transport department.

Otherwise, if you haven’t got the time or patience for this, there are companies that can conduct these checks for you.

Remunerator’s car procurement service makes buying your new car simple. We remove the hassle and source you the best deal possible.

If you’re interested in sourcing your new car with Remunerator, talk to one of our Novated Leasing specialists today on 1800 501 703!