Ah, the ABN (Australian Business Number) magic trick! Cars can be cheaper when purchased with an ABN because businesses can often claim back the Goods and Services Tax (GST) or use the vehicle as a tax deduction. Essentially, it's a tax advantage for businesses, not a secret discount from dealers. This means the price looks lower upfront, but it’s really about how the taxman gets involved. Remember, this only applies if the vehicle is for business use and the seller is registered for GST.
So, if you’re a sole trader or run a company, flashing that ABN can make you eligible for these benefits. Just don’t try using your mate’s ABN for a cheeky bargain—it’s not worth the headache.
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