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New Zealand is a very easy country to buy or sell a vehicle. The vehicle prices are reasonably cheap by worldwide standards.
How to buy and sell a car,
The reason New Zealand has a good used vehicle market is the abundance of "Japanese imports" these are vehicles that are brought by New Zealand car dealers. Car dealers purchase them in Japan second hand and ship them to New Zealand. The other sorts of vehicles are "New Zealand assembled" and imports from other countries.
There are three main ways for people to buy and sell cars and other vehicles in New Zealand, licensed motor vehicle dealer,
Change of Ownership
This is done with two forms, filled out by the buyer and seller, the buyer pays for this and it costs around $10nzd. The buyer takes one form into the post office, and the seller sends in the other form.
WOF and Registration
All vehicles on New Zealand roads must have a current Warrant of Fitness (WOF) and Registration or the police will fine you if you drive a vehicle with either of these things expired. The WOF is a 15-minute check that is carried out every 6 months or older vehicles and 12 months on newer vehicles. This check is to make sure the vehicle is safe and road worthy. It will cost you around $25-$55nzd depending on the checking facility.
Insurance is not compulsory in New Zealand, but most people do have insurance. If you have insurance this covers damage you do, or someone else does to you. Any injuries are covered by ACC (Accident Compensation Corporation)
Money owed by previous owner
You will need to ensure that there is no money owing on the vehicle, otherwise you may find yourself in a situation where the car is repossessed to repay the previous owners debts. For $3 you can check the vehicle with the Personal Property Securities Register (tel 0900 90977; website www.ppsr.govt.nz).
Licensed Motor Vehicle Dealer
These are exactly what their title tells you they are licensed to trade in motor vehicles. They offer you the most protection when buying a vehicle. They provide warranties and must represent the vehicle accurately and in a saleable condition.
This option is open to anybody in any region to advertise their vehicle for whatever price they want with an as is where is general rule. Once you have brought your car or other vehicle off any individual in the paper and something is not right the problem is now yours. There are regional papers and the most popular are the trade and exchange type newspapers in each region.
This option is very popular with this being the "wholesale" market price of a vehicle you can pick up cheap vehicle if buying and achieve surprising results if selling depending on the time and place. The most well respected and professional nationwide auction company is Turners, and a visit to them may be worth the time.
Auctions are the same as the newspaper and all vehicles are sold on an as is where is basis, you have to check for current WOF and registration and it is up to you to sort out new ones if they are expired. Turners have expanded their business over the years to be more users friendly and now offer warranties, finance and pre-purchase vehicle appraisals.
The Internet can be treated the same way as a newspaper advertisement. All vehicles are treated on an as is where is basis.
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