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Transfer of ownership Hurdle - HELP
G;day People;
Cutting a long story short......my Cobra has been in my fathers name since prior to a testing property settlement 10 years ago. He is applying for the pension and does not need the value of this thing going against him. The car has full registration in Victoria, and has undergone some change since initial registration. It currently has no motor with another being built imminent. I am thinking of changing to club registration due to its limited use. Can someone advise what the best and most economic process is to get it transferred into my name and all good to go using the club permit scheme. The roadworthy process is the main concern, it has been a long time since I went through that. I am a member of the Victorian club, although I suspect my membership has lapsed and that will be redressed very shortly. All advice appreciated. Cheers Chris L |
The drivetrain is obviously one of the items that a roadworthy covers off, so I can't imagine anyone would be happy to sign your car off as roadworthy in its current state.
Nothing to stop your Dad from selling it to you and then cancelling the rego. That way it's out of his name. It's no harder or easier to get a roadworthy for a registered or unregistered car. When you register it in your name, you won't have to pay stamp duty because ownership is being transferred within immediate family. |
Thanks Craig, should have mentioned it will have an engine when presented for a roadworthy. If its going into the club permit scheme, does the roadworthy get done by a mob affiliated with the club ?
Thanks Chris |
Chris, the roadworthy needs to be an official, normal Victorian roadworthy now.
Then your membership with a registered club needs to bonafide too. I recommend you contact the officer of the club you are a member of - the rules have changed a lot over recent years - both with VicRoads and the clubs - and they can tell you exactly what you need to do. |
Thanks Guy, I knew there had been changes, but when you have full rego you tend not to take a hell of a lot of notice. Appreciate the input.
Cheers Chris |
To answer your specific question, the FASTEST and CHEAPEST way, short term, to transfer it to your name is to cancel the registration (you will get a refund from Vic Roads on the term remaining when you do this) and then perform a clear title transfer of the vehicle to your name - this is just a letter signed by both parties that your old man is giving it to you, ensure that this document is certified/witnessed by a copper, pharmacist, JP or similar.
Then you can re-engine/roadworthy/re-register at your leisure. When you come to do this you will need the dated certified witnessed letter to prove to VicRoads that is does it fact belong to you and not to your old man. This might sound like a lot of trouble, but it's actually just a letter you write (two sentences!) and a visit to your friendly VicPol station and VicRoads, and your old man will be free of it instantly. Don't forget to change insurance details/names also or that might go against you - just tidy up the lose ends. |
Btw there is no stamp duty owed when a car is registered under a permit, there is however if you re-register it on full rego.
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Thanks Boys, that's the info i was looking for, appreciate it.
Cheers Chris L |
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