A man who allegedly traded in more than 80 cars over a 2-year period has been charged with unlicensed motor car trading.
We’re alleging that Zequn Wang, 31, bought or sold 84 cars between January 2022 and September 2023.
In Victoria, anyone who buys, sells or exchanges more than 4 vehicles in a 12-month period is required to hold a motor car trader licence.
Buying from a licensed motor car trader gives you more protections, including:
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a cooling-off period – time to change your mind
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clear title to the car – a guarantee it’s not listed as stolen, a write-off or still having money owed on it
Even after the relevant statutory warranty expires, consumers still have rights under the Australian Consumer Law.
Anyone found guilty of buying, selling or trading vehicles without a licence can face penalties of over $19,000 per transaction. The court can also make a defendant pay up to 15% of the price of each vehicle.
The matter is listed for a hearing at Melbourne Magistrates’ Court on 3 February.