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  1. Rajinder Kumar
  2. Second Hand Cars
  3. Monday, April 09 2018
Sale of old car

I want to sell old car in punjab having punjab number. Which are the documents to be preserved by the seller for record.
Rajinder Kumar
Admin Accepted Answer

Seller Liability and risk finishes off the moment RC is transferred in name of Buyer
So its important to ensure that the transfer RTO forms, Original RC, Insurance along with Id and address proof should be submitted to RTO

For a seller he can mitigate the risk
> Signed Car Undertaking Delivery Note on Rs 100 Stamp paper - Car Undertaking Delivery Note
Just to tell that Rs 100 Stamp Paper act as Indemnity Bond - hence advisable on it instead of rs 10 stamp paper which is more like affidavit

> Copy of ID and address proof of buyer with a copy retained of signed RTO Transfer forms, copy of cheque as given by buyer.

> Ensure that the transfer documents are submitted through Intermediary in RTO the moment you hand over keys to the customer

Hope should help !!

  1. more than a month ago
  2. Second Hand Cars
  3. # 1
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