If you follow the regulations to the T , you are supposed to pay the difference in tax to the govt at the time of the resale. For this reason organised used car businesses like Automart eiher do not buy such cars/pay you a lower amount. There are no such problems with private buyers.
There is no problem if the officer is close to you and is ok in having the vehicle registered in his name. In my case, the car is registered in my father's name altough the downpayment has been made by me and the emi's are paid by me as the coapplicant for the loan |