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  1. Sourav
  2. Second Hand Cars
  3. Thursday, December 12 2019
I am selling my Car and hence want to know the exact procedure/paper works that I should follow to avoid any sort of problems in future. Please help.
Admin Accepted Answer

In terms of document formalities, important is to ensure that
> Payment is realized before handing over car
> Complete Documents to be submitted in RTO within next 2 days of handing over Keys so that RC is transferred to buyer name

Valid ID & Address Proof
Thus is important to check in
> Valid ID Proof
> Valid Address Proof
before executing transaction. Its important to understand that documents like Rent Agreement, Private Mobile Network Bill, Driving License. Credit Card statements are not considered in for address proof

Refer in document checklist in ID, Address Proof for Vehicle Registration

Many Transfer cases are held due to lack of documents

Sale Agreement
Now next step is before sale - - A simple sale agreement from Notary to be made of the transaction between buyer and seller with payment details (in form of cheque, draft to be mentioned), vehicle condition, status and handing over of RC, Insurance to seller with there photocopies
- The Sale agreement defines payment clause, owner status and responsibility of car from date of handing over keys
Refer - Sample Sale Agreement for Car
may change dates accordingly

You have to sign in 2 copies of
> Form 29, Form 30
> If vehicle has loan get Form 35 from Bank as Bank NOC
> Original RC, Insurance, PUC with both keys to be handed over

Also, to safeguard ensure to keep a copy of
> ID Proof
> Address Proof
> Cheque Copy
> Sale Agreement Copy
> Photocopy of RC, Insurance in records

and for mitigating risk ensure that all transfer papers are handed over to an agent on same day of handing over keys and car so that can ensure RC Transfer papers are submitted in RTO
May each party bear costs equally of agent fees. Else, if you feel and have trust may even let buyer do the transfer papers on own
Keep a follow up for same so that RC Transfer done within a month from the time car handed over to buyer

Hope should help !!

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