Buying a used car? it’s easier if you buy it from a dealer because they take care of the paperwork but also charge a higher amount for the services. You can save some money if you buy the car directly from the owner, but it can get a little tricky when you start to make a list of all the documents that you would require to get the car transferred under your name legally. Check out our list of all the documents that you should get under your name to have a peace of mind later.
The registration certificate mentions all the important details about your car such as engine number, chassis number, VIN number, etc. It also specifies the owner name and details, car registration number, colour, and so on. All you’ve got to do is check if all the details on the registration certificate match the actual details as well. Any changes done to the car are supposed to be mentioned in the RC. While getting the ownership of car transferred, get it updated on the RC.
You need to get the insurance transferred under your name or if it is expired, then get a new one. You can also get the insurance of your old car transferred to this one in some conditions, better check with your insurance company for further details.
Road Tax Receipt:
You must get the original receipt of the road tax to make sure that it has been paid by the previous owner to avoid any penalties which could be more than the cost of the car itself.
Car Purchase invoice:
This invoice is issued by the dealer when a car is purchased new and you should not forget to get the original invoice from the first owner which mentions that you’ve completed the full payment of the car. If you purchase from a dealer then he’ll give you the invoice under his name.
A service book contains all the history of the services or any accidents involving the car. It also mentions if any part was changed at some point of time and next service schedule. A car with a service book is always preferred because it gives you a better insight about its condition.
Dual Fuel Certification:
If the car that you are buying has an aftermarket LPG or CNG tank then make sure to get the corresponding dual fuel certification and No Objection Certificate from the RTO. It certifies that the car is safe to run on both fuels. Also, ask for the invoice of the installed tank.
Form-32 & Form-35:
These forms are needed for the cars that had a loan on it. Get a no objection certificate stating that the loan has been duly paid by the owner or if not then get it transferred under your name, you can always pat the loan directly or in the EMI’s as earlier.