Interstate Car Purchases Continue Despite Market Stabilisation
After years of dealing with pandemic-related global supply chain issues and a shortage of new car stock driving up prices on used cars, the Australian car market is finally stabilising.
In fact, an oversupply of new cars is now leading to greater dealer discounts and lower finance rates. In turn, more trade-ins are hitting the used car market, leading to lower prices.
In many ways, it’s a buyer’s market. But ongoing cost of living pressures mean consumers are still shopping around for the best value – and often finding it interstate.
What to consider when buying a car interstate
Buyers opt to purchase a car interstate for a range of reasons, particularly if they have specific requirements. Even in a crowded market, buyers may struggle to find what they’re looking for locally. Broadening the search to the interstate market can help buyers locate the car they want at a cheaper price.
However, buyers are advised to ensure they’re dealing with a reputable seller and to weigh up the costs associated with interstate car relocation.
Due diligence
Whether buyers intend to purchase a car from an interstate dealership or a private seller, it’s important to see the car in person. If that’s not possible, buyers may engage a car broker. At the very least, arranging a pre-purchase inspection carried out by a qualified mechanic is strongly recommended. A PPSR check costs $2 and can reveal whether the car is free of debt, stolen, or written off.
Transferring the registration
If the car is registered interstate, the new owner is responsible for transferring it to the state they live in (which should also be where their driver’s license was issued).
Each state will stipulate how soon the transfer must take place after purchase. For example, in Victoria, the new owner has 14 days to transfer the car to a Victorian registration. In South Australia, it’s up to three months.
Every state handles the transfer of an interstate car registration differently, so buyers should check with the vehicle registration authority in their state.
Roadworthy checks and other requirements
Before a new registration can be issued, a car must be inspected and deemed roadworthy. The procedure for this differs from state to state.
There may be other requirements, including surrendering the old number plates, providing a receipt of purchase, and purchasing vehicle insurance. Buyers can source the relevant information from the vehicle registration authority in their state.
Arranging interstate car transport
Once a buyer has carried out their due diligence and is confident to proceed with the purchase, they’ll need to decide how to get the car across state lines. In many cases, buyers opt for the convenience of professional interstate vehicle transport.
However, consumers are advised to carefully research freight providers to ensure the safe and reliable relocation of their new car. When choosing an interstate car transport company, look for proven experience and industry expertise, NHVR accreditation, flexible pick-up and drop-off locations, transit insurance coverage, and a reputation for excellent service and communication.
