Car Sale: If you’re selling your used car, a single mistake can make you lose a lot of money. Keeping the proper paperwork is essential to seal a hassle-free deal and maximum price. Selling to a dealer or an individual, improper documents can lead to delays or reduce your final payment. Here’s everything you should have in readiness for you.
RC and Car-Related Documents
Your car’s Registration Certificate (RC) is of the highest significance. According to the Motor Vehicles Act, 1988, you have to establish that the car is registered in your name. This attests to your legal ownership. If your RC has been stolen or lost, you will have to report it to the local police station by making an FIR and make an application for a duplicate in Form 26.
And don’t miss the Pollution Under Control (PUC) Certificate. This confirms your vehicle complies with emission norms and is safe for the environment. It can be collected conveniently at local petrol pumps that have emission testing centers.
Another essential document is your Car Insurance. The RTO will not accept transfer of ownership if there is no valid insurance. Therefore, ensure your policy is renewed when selling your vehicle.
Optional Documents That Establish Buyer Confidence
Although not required, having your car bill, owner’s manual, and service history documents can win the confidence of buyers. These documents indicate the upkeep of the vehicle and can assist you in negotiating an improved price.
Identity and Address Proofs
You’ll need a valid PAN card, as it’s one of the most crucial ID proofs. Along with that, a document to confirm your current address is necessary. This could be an Aadhaar card, voter ID, passport, or even a utility bill like electricity bill, depending on your state rules. All address documents must be self-attested copies.
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RTO Documents for Ownership Transfer
Form 28 is a No Objection Certificate (NOC) from your end. It ensures that there are no dues or objections against the car and facilitates transfer without any issues.
Form 29 is filed to notify the RTO that you have sold the vehicle. You will have to file two copies of this form to certify that the documents have been transferred to the buyer.
After submitting Form 29, you will also need to submit Form 30 to confirm that the transfer of ownership now needs to start. It’s the seller who must submit this in time to prevent any trouble in the future.