I am selling my car and since need to know few details on

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I am selling my car and since need to know few details on the legal side.

The car is still in the original owners name. I got all the sale docs from the first owner. Is there any docs/details I need to maintain or have to take proof of sale doc from my the current buyer?..

Thanks
  • 2600 day(s) ago by Shine
Under: Maruti Esteem #Cars
10
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Answers submitted by Users


Rajesh
No u need not do anything. Ask the buyer also to retain the car in original owners name. He too can then sell it to someone saying its a single owner car. Moron!!!!!!
 

Posted: 2599 day(s) ago


Rajanish
Hyundai
i10
Owner
Bad idea. Immecdiately insist buyer to transfer ownership details on RC book. Else in case of any mishap, 1st you will face the muusic.
 

Posted: 2599 day(s) ago


Prashant
Kinetic
Honda
Owner
why r u not transferring the vehicle on your name. it merely takes few bucks for the transfer. is there any loan issue with the vehicle. what ever the reason you r risking your reputation for this.......
 

Posted: 2599 day(s) ago


Shine
Maruti
Esteem
Owner
I did not transferred to my name since it will reduce the sale price again by 5K to 10K. that is ok. Some body advised me to keep a sale proof from the current buyer. I too gave a sale proof doc (single paper doc) to the prev owner (Original first owner). The current buyer will be changing the name promptly (I will be ensuring that any way).
 

Posted: 2599 day(s) ago


Rajiv
Tata
Safari
Owner
u need to keep an affidavit from the person u are selling the car to, along with details of the date and time when u are handing over ur car to the buyer ,otherwise u will be in troble in case of any challan ,accident or illegal use .in any case not getting ur car transferred for saving a few thusand in not a good idea legally.
 

Posted: 2598 day(s) ago


Srivathsa
Maruti

Owner
IN R C BOOK MENTION YOUR NAME
 

Posted: 2597 day(s) ago


Srivathsa
Maruti

Owner
IN R C BOOK MENTION YOUR NAME
 

Posted: 2597 day(s) ago


S Joshi
Tata
Manza
Owner
First mistak u made is buying the car without transfering to your name now anybody wants to buy your car will ask for less than market price as original RC is in first owner's name, any accidents u will not get claims from the Insurance co., legally by u & the person to whom u are selling the car. So better to avoid make sense and do the RC transfer immediately to u first then sell your car.
 

Posted: 2595 day(s) ago

Hi,
Its always better to complate formalities atlest getting NOC from RTO where it is registered is very essential.
 

Posted: 2595 day(s) ago


Shine
Maruti
Esteem
Owner
I handed over the car to the taker last week and got 2 papers filled and signed from him - sale letter and acknowledgement of taking the car.

There was a reason for not changing the name in RC as I bought the car - I was planning to use it only for 1 year or two, and mean while if I change the name in RC, again the next change is mandatory for me to get rid of it, and it will reduce 5-10k in the sale price per number of ownerships. Any way now I got a proof for me saying that the car is handed over to another person and will be sending the copy of that papers to RTO and insurance company so that they will be intimated about the sale.
- Shine
 

Posted: 2585 day(s) ago


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