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How to use or fill out form 12 motor dealer with our platform
- Click ‘Get Form’ to open the form 12 motor dealer in the editor.
- Begin with Part 1 by entering the selling agent details. Fill in the name, licence number, expiry date, and contact information including phone and email.
- Proceed to Part 2 for buyer details. Enter the buyer's name and address. If there are additional buyers, attach annexures as needed.
- In Part 3, provide motor vehicle details such as make, model, VIN, registration number, and odometer reading.
- If applicable, declare if the vehicle is a written-off vehicle in Part 4.
- Complete Part 5 regarding the cooling-off period. Indicate whether it applies and provide necessary dates.
- In Part 6, specify if the vehicle has a statutory warranty and fill in relevant details about the warrantor.
- Finalize by completing Parts 7 and 8 with declarations from both the motor dealer/chattel auctioneer and buyer acknowledgment.
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What is the cooling off period for cars in NSW?
In NSW, a one-day cooling-off period applies when buying a new or used vehicle through a credit contract.
Is there a cooling off period when buying a used car in NSW?
A one-day, waivable cooling off period applies to purchases of new and used cars when it is financed by a linked credit arrangement. Linked credit is when finance is provided by or facilitated by the motor dealer selling the vehicle.
Can I cancel a new car contract after signing?
Yes again to reiterate, if you signed the contract but have not yet taken delivery of the car, you can cancel the contract by simply notifying the dealer in writing. You are not required to give a reason for canceling the contract.
Can I cancel my car finance within 14 days?
You cannot return the car. You can sell the car to pay off the loan. Or you can give the car to the bank, they will auction the vehicle off at wholesale price, you will owe the remaining balance of the loan and tank your credit.
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