how many cars can u own under the same name?

[bevis90]

hi there. im just curious on how many cars can you register (rego) in the same name ? same goes with insurance. im looking to buy a car but dont want it under my name too expensive.

thanks

[p3akin]

as much as you can afford...

[grifty]

i think its 3 or 5 i cant remember

[yellows2k]

really? what about collectors or seriously rich guys?
i guess lindsay fox owns them under his company however

[dougie_504]

I know the maximum you can buy/sell in a year is 5 in VIC to protect liscensed car sellers from losing business, but as for owning them I think it's as many as you feel like.

[mrwillz]

I know the maximum you can buy/sell in a year is 5 in VIC to protect liscensed car sellers from losing business, but as for owning them I think it's as many as you feel like.

sounds about right
if your paying rego for the cars under your name, what do they care?

[Rkds]

Max of 5 allowed to seel without a dealership license.
Rego as many as you want.

[Zilli]

correct, there is no limit to how many you can own, but there is a limit to how many you can sell

[Giraffe]

hehe im going to get a civic in each colour :P

[vtecing]

i got a letter from qld transport telling me that i was allowd to sell 5 cars a year without being fined, because i sold 4 cars that year

[trentd]

5 is the most.

[trentd]

why would you do it anyways, 5 lots of insurance, rego and services and parts.
you'd go poor unless you shat money for a living and if thats the case give me your number haha

[dougie_504]

I'd like to shit money for a living :(

[trentd]

haha if it were true i'd own this forum ;)

[tmy]

I'm under the impression that he is going to insure his/her car under his/her parents name to avoid paying higher insurance amounts.

Therefore just clarifying whether it is possible for his/her parents to have more then the one car registered to there name.

[trentd]

they could have both, 5 in each name so up to like 15 cars lol, you wouldn't have time to drive all of them. you wouldn't even need to register them, might as well collect them. i honestly think that 2 cars is enough for one person. daily - to work and back and to do certain tasks, cheap fuel, service etc. and then a weekender which should be fun in every way.

i prefer just to have the one car for both ;)

[tiksie]

There isn't really a limit on how many you sell as long as you don't look suspicious.

[defect]

There is no limit of cars you're allowed to sell, but once you have sold 5 cars that is under your name, Government likes to tax you because they think you're some sort of a dealer.

[Tai]

You'd own 5 or more cars because you'd want to make money.

By buying a car dirt cheap and fixing it up and selling it for more.

[trentd]

oh the government. put a tax on everything don't they.
i'm over it lol

[trentd]

the government should just keep them selves out. we already pay a stamp duty for selling it though. 4% in vic.
well the buyer pays the stamp duty.

[SlobberGoat]

There is no limit to ownership here, one of my friend has 13 cars, I personally own 6.
If you own more than 5 or so cars, you can get the transport dept to put them in your own "fleet" (which basically means you can pay renewals for all of your cars on the same day)

[trentd]

sounds good

[jdm_b16a]

There isn't really a limit on how many you sell as long as you don't look suspicious.


There is no limit of cars you're allowed to sell, but once you have sold 5 cars that is under your name, Government likes to tax you because they think you're some sort of a dealer.

In NSW you are allowed to sell a maximum of three (3) cars without a license in one calendar year. More than three and you are required to apply for a Motor Dealers license. There are no taxes on selling a used car but the buyer pays a percentage of the purchase price, usually 3%. Minimum you can sell a car for is $100. What this means is that if someone gives you a car you have to put "$100" on the transfer form, and you pay $3 in fees.

This is meant to stop individuals from selling cars (in their front yard) on behalf of 2nd Hand Dealers. An individual can own as many cars as they can afford - remember you don't have to have them all registered to own them.

I currently own seven cars and there are nine in our family. Of mine, only three are registered.

Peter

[jdm_b16a]

We already pay a stamp duty for selling it though. 4% in vic. Well the buyer pays the stamp duty.

Buyer only pays the stamp duty if the car is registered by the new owner in the same state. If you buy a car in Victoria and bring it to NSW you don't pay the fees but you do have to get a Blue Slip to record change of details.

Peter

[trentd]

Yeh, do you guys in nsw pay a stamp duty when u sell within the state?

[jdm_b16a]

Yeh, do you guys in nsw pay a stamp duty when u sell within the state?

We pay a transfer fee based on the selling price.

Peter