Buying a used car is a big decision, and most buyers want to know one thing: what happens if it breaks down a week later? In Victoria, the law gives them a clear answer. Licensed dealers must back certain used cars with a statutory warranty, and they cannot sign it away in the fine print. …
Statutory Warranty on Used Cars: What Dealers Must Provide Read More »
If you’re planning to buy and resell used items in Victoria, Australia, you’ll quickly run into two terms that sound alike but work very differently: the second-hand dealer licence and the LMCT. Confuse them and you could face fines or a stalled launch. LMCT stands for Licensed Motor Car Trader, the licence Victoria requires for …
Second-Hand Dealer Licence vs LMCT: What’s the Difference? Read More »
Spending weeks pulling together bank statements, business plans, and identification, only to have your LMCT application knocked back, is one of the most frustrating setbacks a would-be motor car or truck trader can face. In most cases, the rejection isn’t caused by one dramatic mistake. It’s a handful of small, avoidable gaps in documentation, premises, …
Common Reasons LMCT Applications Get Rejected in Victoria Read More »
Two people can sell the same car, in the same suburb, for the same price, and be held to completely different legal standards. One is a licensed dealer. The other is a private seller. The vehicle does not change, but the rights that come with it do. If you are buying, that difference decides what …
Dealer vs Private Seller: What Are the Legal Differences? Read More »
Opening a car dealership is exciting, but before you can sell a single vehicle in Victoria, you need two things: a Licensed Motor Car Trader (LMCT) licence and a business plan that convinces both regulators and lenders you know what you’re doing. A well-built business plan isn’t just paperwork, it’s the roadmap that keeps your …
How to Write a Business Plan for a Car Dealership Read More »
Buying a car should feel exciting, not risky. Yet every year, some Victorian buyers find themselves out of pocket after dealing with a motor car trader who didn’t honour their obligations. That’s exactly why the Motor Car Traders Guarantee Fund exists. If you’re a licensed dealer, an aspiring one, or simply a consumer trying to …
Motor Car Traders Guarantee Fund: What It Covers Read More »
If you’re planning to sell cars regularly, the short answer is: probably, yes. In Victoria, anyone who buys, sells, or exchanges four or more motor vehicles in a 12-month period is required to hold a Licensed Motor Car Trader (LMCT) licence, issued by Consumer Affairs Victoria. This applies whether you’re running a full dealership, flipping …
Do You Need a Dealer Licence to Sell Cars in Australia? Read More »
Selling an old car every now and then is one thing. Buying and reselling several vehicles a year for profit is another matter entirely — and in Victoria, it’s a question with a very specific legal answer. If you’ve ever wondered how many cars you can actually sell before the law considers you a dealer …
How Many Cars Can You Sell Per Year Without a Licence? Read More »
Anyone planning to buy, sell, or exchange motor vehicles as a business in Australia needs a licence — but what that licence is called, who issues it, and what it takes to get one changes significantly depending on which state you’re trading in. Victoria uses the term “LMCT,” short for Licensed Motor Car Trader, while …
LMCT Licence Requirements by State: NSW vs VIC vs QLD Read More »
Starting a used car dealership can be a genuinely rewarding business, but it isn’t as simple as finding a lot and putting up a “cars for sale” sign. Before you sell your first vehicle, you’ll need the right licence, the right premises, and a clear understanding of the compliance obligations that come with trading motor …
How to Start a Used Car Dealership: A Complete Guide Read More »