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How the new laws banning cash for cars will affect you if you’re buying a car or selling one

Posted on 22nd, Nov 2018

Cash ban for scrap cars comes into effect in Sydney

If you’re a ‘cash for car’ dealer, or a customer looking to sell your car to one, new laws now apply to your transactions and how you conduct them.
Effective from November 1, 2018, cash can no longer be the means by which a transaction – a sale or a purchase – can be made. All payments for scrap vehicles must now be made by cheque or go through an EFT (electronic funds transfer) system through your bank.

Government – the beneficiary

Who benefits from the new laws? The Government and the people do.
The new ‘cash for car laws’ will allow the Government to understand just how much cash the industry generates so it can be taxed more effectively.
But, what the laws will also do is halt the sale of stolen cars that are sold to ‘unregistered dealers’ engaged in the trade. Every year, more than 5000 cars are stolen in Sydney.
A vehicle is stolen every 12 hours in Black town alone (664 vehicles were stolen in the suburb in 2017 according to New South Wales Police Force detective Paul Tickner) – making it the car theft capital of Australia.

Fines apply

Cash ban for scrap cars

Cash ban for scrap cars

Dealers who do not respect the new laws will receive heavy fines. These could be up to $30,000. Furthermore, police will be given new powers to enter and search car yards without warrants. Dealers will have to maintain records of sales – if a car is on the premises but not on the books – it could be reason enough for the vehicle to be impounded and the business owner to be arrested.

Mega Car Removal welcomes the new laws

At Mega Car Removal, we believe the legislation is fair. We fully support the move by the New South Wales and Victorian Governments to crack down on scrap metal crooks dealing in stolen cars. While we fully support the new laws, we would also like to humbly remind the Government that each cash for car dealer provides employment to 18 people on average.

The registered dealerships are run by simple people –who keep full records that comply with the law – even prior to it being introduced.

It is not a problem for us to go through EFT systems – the question we have for the authorities is – will our customers be able to make the shift – as many are strapped for cash and need it more urgently than we, or government officials, do.”
To learn more about the new cash for cars legislation, and how it may affect a purchase or sale, or to sell your vehicle to a complaint, registered Cash for Car Dealer, please call us at Mega Car Removal on 0421 812 819

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Quick Cash For Cars

At Mega Car Removal, we are pride ourselves as providing fastest, easier and safe car removal services in Sydney.

We provide cash for your car at the spot. We never bother about the car model, year and condition. Our services are car removals, cash for cars, old and unwanted car removals etc.

We offer maximum cash for your cars, if car have any trouble or not we never consider that.

Mega Car Removal Cash
Why Choose Us?

Mega Car Removal are experienced and licenced car removal company in Sydney. Our customer friendly removals are professional and highly talented.

We pay maximum cash for your old and unwanted cars without checking the condition and year or model of the car.

You get our fast and safe removal services at Sydney region without any delay. For more details you can contact us

Call 0421 812 819 enquiry@megacarremoval.com.au
Customer Reviews
  • I just have my car picked up by the driver today afternoon. He’s so polite and efficient. I also got the agreed cash right away. thanks to the team of the company that they helped me to get away my old car in such easy and happy way. Best wishes to the team of the…

    Doris Yip
  • From the quote until they come to do the pick up the staff at Metro Express provided great service. The driver was very friendly and professional. They were kind enough to give back my tyres. Great service and I recommend them to anyone. Best price in the market !!!

    Mr Supunjayakody
  • Had a great deal with my car. the service is done professionally, quick and easy. superb and friendly staff. highly recommended for Car Removal in Sydney

    Mark F.
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