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The transfer of used car ownership
17th September 2009
The used car market is a rapidly growing market in India. Significant transactions take place directly between buyer and seller. Consumers must be clear understanding of the necessary documents and the registration process. Transfer of ownership of a used car is the process of making motor vehicle in official documents for review. It is the official document to prove your ownership of the vehicle and is legally binding. The buyer must include all documents and papers to register before checking the final payment.
The following documents are necessary to transfer ownership of cars.
Certificate of registration authority:
You can visit the Regional Office of Transportation for its authenticity. Check the status of registration mentioned in the book.State of registration should match the state where you plan to use the car. If the state of registration is different, you should check that the seller on the transfer of registration from one state to another. Transfer of property from one state to another eliminates the tedious process of money. It is desirable that accepts a used vehicle in the same country, if you buy use plan.
Road Tax:
Vehicle Tax is legally binding in India. Consumers need only spend a little money from this tax. Buyers must collect tax revenues. If not paid, the buyer may require the seller to clear the outstanding debts.
Insurance
This is the essential document for any car. Insurance documents are required for the transfer of ownership of regional transport office. Check the amount of insurance premiums and maturity. Insurance documents, you must transfer your name.
Original bill
Collect the original invoice for the car owner. You can not check details such as engine, chassis no, car dealers and car pledge details, etc.
Certificate of pollution control
He also needed a document for transfer of registration of motor vehicles used
Clearance
The seller can buy a car loan. In this case, the certificate of authorization to collect the finance company. Personally review the original and the copy of the document collection. This document is a report to prove that the creditor has no right to the car any more.
Form No.35
Upon termination of the contract finance, lien by submitting Form No. 35 should be deleted. You must obtain this form duly signed by the financier.
Other necessary forms and documents are
Signature FORM No.28 Vendor
Form No.29 with the seller and purchaser’s signature
Form No. 30 with the vendor and purchaser’s signature
Five print in original frame
You must also be proof of purchase
RTO Procedures
At the end of the buying used car should be, the former owner has informed the Regional Transport Offices of the car owners to change. Within 30 days of the new owners must obtain a report to the local transportation office at his vehicle. The car must be physically in the District Transportation Office will be presented with valid documents for the receipt of goods in his name.
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