Buying a Car from Private Seller Who Claims to Be a Wholesale Dealer

EyyBanane on 21/02/2016 - 20:41

Hello all,

I am in for a bit of advice. I was in the market for a second hand car when a good deal came up. I did my research, inspected the car (2014 Oct make) at seller's home. The car looks and drives very new with close to 10k kms on it. The car still has two years of factory warranty left on it.

I also ran a carfacts report on it which came clean and everything matches. However, the seller claims he is a wholesale car supplier for dealers and he bought it from the original owner when the original owner upgraded. He was planning to put 3 months rego on it. However, upon negotiation he reduced the price further by a decent amount and said I can go for the rego as I like and he would not renew it. He also claimed that he has had the car only for 3-4 days so he can give me the pink slip and rest of the docs after I pay, and I can directly go to RTA and transfer the ownership to my name in next 14 days. As he would not put the rego on it, I am to look around and get the greenslip.

My question is, how do I trust this considering the seller is not the owner of the vehicle and he claims he has not transferred the title to his name (his company name, that is). What if the minor chance that car is stolen comes true?

Looking for advice on how to proceed on this? Can I pay him or should I ask him to accompany me to RTA to ensure the docs are legit before making the payment?

Automotive

Comments

  • nocure on 21/02/2016 - 20:54
    +4

    It's a second hand car….You trust no one. He cannot sell a vehicle unless it's his name or his dealer name.
    There are too many wotifs…I would pass.

    • EyyBanane on 21/02/2016 - 21:37
      +1

      Thanks for your response nocure. I was wondering if there is any way to validate this.

      • nocure on 21/02/2016 - 21:42

        ask him for the rego papers. Run a rego check

        • EyyBanane on 21/02/2016 - 22:06
          +1

          I did a paid myRTA report along with a paid carfacts report. Everything matches with what he says since he bought the vehicle, but is well within 14 days of transferring the ownership. Also he is ready to transfer it directly to my name which is preferred to reduce the number of owners.

          May be he is just an employee of the business and trying to make some quick cash by doing it as a side business?

  • Amaris on 21/02/2016 - 21:00

    Maybe ask him to come with you to the RTA. Then if everything is found to be above board at the RTA you could pay him. If he's a dealer you should be able to get his dealer registration details to see if he's actually who he's claiming to be (a dealer). If he has a valid dealer licence my understanding is that the title is guaranteed.

    • EyyBanane on 21/02/2016 - 21:43

      Thanks mate. He gave me a business name which I could locate in google maps. I am planning to call them up tomorrow. Will ask for his dealer license and id.

  • Randxyz123 on 21/02/2016 - 21:05
    +2

    Is it a good deal or a too good to really be true deal?

    Tell him to prove that he bought it. Explain that you it's not that you don't trust him but have been screwed over before and don't want to go through that again.

    If he's legit he'll understand and do as you say. If he has something to hide he'll come up with some bullshit reason why he can't.

    • EyyBanane on 21/02/2016 - 21:37

      Thanks mate. It is not too good to be true, but is a really good deal.

      ^This is what I was thinking, the guy seems legit. I will ask him to come with me to RTA.

  • eatwell365 on 21/02/2016 - 21:24

    what is the first name of the dealer? the guy I know (first name start with K) is very honest and is wholesale dealer. He sells 100+ cars a month and put cars that likely sell quickly on the Internet,

    is he selling to you as private or as a dealer? As dealer, you should then have 3 months warranty. He will also give you paperwork for transfer, other documents re warranty and agreement and a big record book to record your details.

    perhaps you should then meet him at his shop.

    Don't hold me on it. Think through it yourself. But logic tells me that a green slip can be obtained over the phone under your name. with the pink slip and cert, RMS will transfer the name of vehicle. Once done, wire the money or pay bank cheque with the balance minus deposit and pick up the car at the same time.

    It is true - the 3 months dealer rego will cost him more than for buyer to get your own.
    If you really worry, pay him the few hundreds difference on rego, so he will write up the 3 months trade rego and perhaps will get the dealer warranty. Better for the peace of mind.

    • EyyBanane on 21/02/2016 - 21:47

      Thanks eatwell365. He is selling to me as private because of which he has reduced the price further and not giving rego extension. Besides, the car has 2 years of factory warranty left, so his business' warranty wouldn't make much sense.

      Your second option sounds good. I will ask what it takes for him to sell it to me through his business. (The difference he quoted is 1.1K though)

  • spackbace on 22/02/2016 - 01:39
    +2

    Too many strange factors going on. Leave it alone

    • Daabido on 22/02/2016 - 07:26

      Agree.

  • minniethemoocher on 22/02/2016 - 12:48

    I remover years ago when my mum bought a car from a dealer she rang the previous owner. That may be an option.

  • kaos on 22/02/2016 - 13:07

    sounds like he is trying to avoid paying tax on the deal which would happen when transferring ownership.

  • EyyBanane on 22/02/2016 - 22:32

    Well, thanks for the advice guys. I went ahead and collected the car today and seems the guy was legit.

    He accompanied me to the RTA and helped with all the paperwork post which we settled the money at his place.

    • eatwell365 on 22/02/2016 - 23:16

      Great. Enjoy.

    • Amaris on 23/02/2016 - 09:56
      +1

      ….and they lived happily ever after :-)

    • dragonfly090 on 26/02/2016 - 08:54

      Sydney?

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