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'Selling' the bike to my partner

Discussion in 'Politics, Laws, Government & Insurance' at netrider.net.au started by undii, Mar 8, 2006.

  1. I am giving/selling my (soonish to be) old bike to my partner. The rego is due in 6-7 weeks. She has a current concession card so I was wondering what would be the best options (in regard to $$) for us and the steps involved. I.e sell the bike to her for some price like $1 for less stamp duty or can I just xfer the rego into her name if she lives at same address etc.

    What do people recommend.

    Cheers


     
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  2. hrmm.... probably better off keeping it in your name i'd think.

    sure, she gets cheaper rego, but think of the transfer costs
    $50 for RWC
    $150ish for transfer/stamp duty (you CAN fudge this if you want, but the selling price isn't what its based on, it has to be market value. you pop in $1 and you'll likely end up being fined for it)
    and thats IF everything is A-OK with the bike :?

    i would say better its not worth the hassle, but its up to you really...
     
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  3. yep transfer is based on market value not the arbitary price you actually exchange the bike for.
    as for RWC dont know, we dont do that in Perth.
     
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  4. Ok thanks for that info.. Any one have an idea how much approx rego is with a concession card? She is going to keep the bike 'for as long as possible' as she simply doesn't want anything more than a 250. So trying to judge costs vs savings..

    Thanks once again
     
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  5. its something 75 or 85 :p
    i think 185 not positive. im paying mine soon so could let you know :LOL:
     
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  6. I could be wrong but I seem to recall that there is no concession on solo rego
     
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  7. On the rego thing from vicroads, the back has "Pensioner and health care card concessions" and to prove you are eligible for a concession so I assume that there is some kind of concession for people with these cards.
     
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  8. your WRONG vic WRONG i say :LOL:

    i paid my rego last year on concession :)
     
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  9. i believe with car reg the concession means that you pretty much only end up paying the tac insurance component (which is shown separately on your renewal notice) - so i assume that it would be a similar thing with bikes
     
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  10. Just go to the rego branch together and do the transfer there in fornt of them and in your talking keep on about what a loverly GIFT you are giveing her and how many dishes she will have to do .
    yes you can give it as a gift and only pay a transfer fee


     
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  11. 350 i think
     
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  12. You only need to fill in i) a registration transfer form, ii)have both of you sign a stat dec saying you are domestic/de-facto partners, and iii) give VicRoads $30. No RWC is required.

    That is all it takes to transfer Vic bike rego to a spouse/partner.

    Then when the rego becomes due, it will be in her name and she will save $$ with the concession card. Also note ... with a concession card you can also get a 6 months registration if you prefer, to help stagger the registration costs.
     
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  13. Pretty sure the saving is only on the redgo part which on a 250 is probably not much but better in your pocket than those lovely people at spring street :p :p :p
     
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  14. Based on a GPX250,

    Standard Rego: $332

    Concession amount: $315

    (rego papers arrived today)
     
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  15. hey... how come my rego is more than yours? im on gpx250 - total amount, 366.20
     
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  16. Forget the ''sell' bit. :?

    I sold :? the Yammy to my daughter. Still waiting for payments. Now the bike is sort of tired, I might be able to BUY it back if she can't trade it in. :roll:

    Give it away, at least you will feel better. :LOL:

    ps. You can only get concession on one machine at Vic Roads.

    I get it on the car because it was dearer so saved more. Since extra taxes, I might be wrong.


    regards
    Hmmmm. Dad got ripped off again. :twisted:
     
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  17. With a Health Care Card you save 50% of the registration component, with a Pension Card you save 50% of registration and TAC insurance fee.
     
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  18. Every suburb/town has a different insurance rate built into the rego costs....therefore rego varies between difference suburbs depending upon the statistical risks.
     
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  19. Mouth made a post in regards to pricing/postcode at https://netrider.net.au/forums/viewtopic.php?p=171999#171999

    My rego is also $366.20 as I guess we both live near the cbd/city
     
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