Cash for cars

5000 cars are stolen in Sydney alone per annum – inviting cash for a car ban that came into effect on November 5, 2018. Cash for cars may be a big industry, and therefore, the NSW government has begun to see a link between car sales and car thefts to unregistered scrap car dealers. The routine is straightforward – thieves steal cars then pass them to unregistered car dealers who strip the vehicle for its parts and sell them either within Australia or export them in other countries. But this has become harder since November 5, 2018. A Government crackdown in NSW has led to new laws being passed to ban cash for unwanted cars in Sydney. For purchase or sale to take place, legally, the agreed amount must be paid by EFT (Electronic Funds Transfer) or cheque. How the government gets the benefit? The tax net is widened. While no formal estimate exists on how big the scrap market is – one can make estimates based on total cars scrapped annually due to theft or accidents. 5000 cars are stolen