Seller
Buyer
A 2017 Corolla with an honest odometer.
Nine years of school runs and one drive to Airlie Beach every winter. The registration certificate is on the kitchen table in North Ward, and the agreement starts by pinning down exactly what is being sold: registration number, make and model, VIN, odometer reading. So ‘the car’ can never later become ‘a different car’.
WHY THE KILOMETRES MATTER: THE READING IN WRITING IS THE BUYER’S PROOF, AND THE SELLER’S. IN QUEENSLAND IT IS AN OFFENCE TO WILFULLY MISREPRESENT THE DISTANCE A CAR HAS TRAVELLED.
Shane, letting go of it.
He confirms what a buyer cannot see by kicking the tyres: that he owns the car and is the registered operator on the certificate, that no lender holds a security interest in it, and that the safety certificate he had done on Thursday is in effect. In Queensland the seller, not the buyer, gets it before the sale.
Mei, from an online listing.
Two strangers meeting over a listing, which is exactly why this document exists. Mei has inspected and test-driven the car, and searched the PPSR by its VIN the morning of the sale: no security interest. What she saw is what she is buying; the seller’s right to sell it is another matter, and the law guards it whatever the agreement says.
THE $2 SEARCH: BY THE VIN, ON THE DAY OF THE SALE OR THE DAY BEFORE. THE LAW DOES NOT PROTECT A BUYER WHO KNOWS OF A SECURITY INTEREST, SO A DISCLOSED LOAN IS PAID OUT FIRST.
The coffee does its work.
Asking price $15,200. Twenty minutes, two worn tyres and two flat whites later: $14,500, by bank transfer, cleared before the keys. Watch the document: the negotiation happens in ink, and the final number is the only one that counts.
ALWAYS: A BANK TRANSFER THAT HAS CLEARED, OR CASH COUNTED TOGETHER. THE KEYS CHANGE HANDS WHEN THE MONEY HAS ARRIVED.
‘As inspected’ means what it says, and no more.
As inspected covers the worn tyres Mei saw and the dent Shane listed. It never touches his right to sell the car or finance he kept quiet about: no term can exclude those guarantees. The handover has a date and a time, both sign the transfer form F3520, and Shane transfers the registration out of his name on his phone beside the car.
Two signatures, one handshake.
Both sign, both keep a copy, and the Corolla drives off to Kirwan. Mei has 14 days to finalise the transfer and pays the transfer fee and the duty; the CTP insurance stays with the car. The agreement and the receipt take three or four pages, the checklist one: five minutes to fill in, years of arguments avoided.
Get the agreement — $1