So... what car do you guys drive when not flying?

[Buzzard]

I have used carsale paid ads in the past. Just be mindful of the scammers: "I am buying the car for my daughter. Give me your bank details and I will send you the money and a friend will pick it up".

Yes, they can pick it up as soon as I've been to the bank and have the $$ in my hand.

 

[JessicaTam]

Yes, they can pick it up as soon as I've been to the bank and have the $$ in my hand.

Except the last thing I will do is give some stranger my bank account details. I will be quite happy with a bank cheque and three days to clear it thanks!

 

[Gold Member]

Except the last thing I will do is give some stranger my bank account details. I will be quite happy with a bank cheque and three days to clear it thanks!

A bank Cheque clears straight away. Why the 3 days? Personal Cheque 3 days.

I also take a copy of the Buyer’s Driver‘s License before any test drive and checked again at final settlement.

 

[blackcat20]

Whats a good online place to privately sell a car?

Facebook Marketplace
Gumtree
Carsales

Free ad or paid ad??

I sold mine via Facebook marketplace, but also had it on carsales. Lots of ‘what’s your lowest price?’ queries, no one knows how to negotiate anymore.

 

[docjames]

Used 2013 LC200Sahara diesel 110000km.
Redbook private sale $75000

Brand new 2020 LC200Sahara diesel
$120000

Instant asset writeoff $150000 assuming its legislated.

GST say $15000
$105000 immediate 100% depreciation at marginal tax rate

Effectively a cash neutral transaction swoping new for old.

I believe the industry is still waiting for clarification whether the full $150k can be claimed against a car, or whether the existing ~$57k limit remains.

 

[Tropic]

So have narrowed down options for new car for parents after the buyback of their CRV by Honda. Just wondering if now right time to buy or wait another month to see what happens price wise. The Seltos they want is subject 3-4 month wait anyway but ASX and XV available now.

 

[JessicaTam]

A bank Cheque clears straight away. Why the 3 days? Personal Cheque 3 days.

I also take a copy of the Buyer’s Driver‘s License before any test drive and checked again at final settlement.

I deposited a bank cheque about a month ago. "3 days, same as any other cheque"

 

[tgh]

Bank cheques can be counterfeit…
Counting slippery new hundreds is boring .. but it's safe.

 

[TheRealTMA]

I deposited a bank cheque about a month ago. "3 days, same as any other cheque"

Actually, NAB told us there have been a number of counterfeit bank cheques which is why they have the clearance delay.

EFT is really the only way to pay quickly.

 

[cambriamarsh]

I have used carsale paid ads in the past. Just be mindful of the scammers: "I am buying the car for my daughter. Give me your bank details and I will send you the money and a friend will pick it up".

Yes don't allow PayPal

Post automatically merged: Mar 20, 2020

Actually, NAB told us there have been a number of counterfeit bank cheques which is why they have the clearance delay.

EFT is really the only way to pay quickly.

$20 notes are pretty good too

 

[tgh]

I guess both parties need to make value judgements.
I sold a motorcycle for an agreed sum but when the cash was presented the (young) buyer attempted to lower the price.
The bike was still in the garage and the keys were in my pocket, so the rest of the cash was suddenly discovered in another pocket.
I recently bought a newish ride on mower, it was in Bundaberg and I am in Brisvegas.
The intermediary ( It wasn't his) spoke with a slow laconic qld country drawl and it would have been easy to assume something was dodgy.
I listened to him carefully , asked some thoughtful questions and made an offer.
He rang back with an acceptance , I paid by eft in advance and the mower was delivered personally a few days later precisely as described.

 

[Cossie]

I deposited a bank cheque about a month ago. "3 days, same as any other cheque"

Different but still cars, how are going with your issue in Tassie? Any resolution as yet?

 

[TheRealTMA]

Yes don't allow PayPal

Post automatically merged: Mar 20, 2020

$20 notes are pretty good too

Try going to a bank and asking for $60k in $20 notes,

 

[Quickstatus]

I believe the industry is still waiting for clarification whether the full $150k can be claimed against a car, or whether the existing ~$57k limit remains.

Yes I’m unclear on that. 2 accountants have said the depreciation limit does not apply. But they are not the ATO

 

[Quickstatus]

$20 notes are pretty good too

And the $10k limit on cash transactions is on the corona backburner

 

[Quickstatus]

I paid by eft in advance and the mower was delivered personally a few days later precisely as described.

What would happen if the mower didn’t turn up and you rang the guy and he said it was delivered?

 

[JessicaTam]

Different but still cars, how are going with your issue in Tassie? Any resolution as yet?

Still waiting. CGU are not my favourite company right now. I will be trying again on Monday. *sigh*

 

[Quickstatus]

I sold mine via Facebook marketplace, but also had it on carsales. Lots of ‘what’s your lowest price?’ queries, no one knows how to negotiate anymore.

Yes why do they do that?

 

[Gold Member]

I deposited a bank cheque about a month ago. "3 days, same as any other cheque"

My experience has always been that bank Cheques clear immediately. I’m not disputing your experience was different. Has something changed recently or have bank Cheques always varied based on issuer and receiving bank? And why TF does IOS autocorrect cheques to ‘Chequers’!! grrrr

 

[OZDUCK]

Yes I’m unclear on that. 2 accountants have said the depreciation limit does not apply. But they are not the ATO

This article says that the limit will apply - but they are also not the ATO.

Car depreciation limit confirmed for instant asset write-off - carsales.com.au

Advisory group cautions businesses holding hand out for instant asset write-off after buying a new car

www.carsales.com.au