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Old 7th February 2018, 13:22   #526
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Default Re: ARTICLE: How to sell a *USED* car in India

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Originally Posted by hserus View Post
Submit a full set of paperwork to the RTO as soon as you can.
Thanks hserus. I received the NOC letter from Financier on hypothecation removal along with form 35 with signature and seal from them.

I had handed over the NOC letter and Form 35 and got acknowledgement from the buyer.

With all the papers in hand, I had sent all of them (listed as below) by registered acknowledgement due and also received confirmation via the ack due card from RTO.

Documents attached with a covering letter is as follows.
  1. Form No.28 (Copy).
  2. Form No.29 (Copy).
  3. Form No.30 (Copy).
  4. Delivery note (Original).
  5. Govt. issued photo id of the buyer (Copy).
    [5a]Driving License of buyer
    [5b]Aadhar Card copy of buyer
  6. Registration, RTO tax papers of the car (Copy).
  7. Finance company NOC (Copy).
    [7a]Covering letter from Financier for deletion of Company Name on Car Registration Certificate.
    [7b]Form 35 duly signed and sealed from Financier

I had also kept a copy of all these documents plus scanned and kept a soft copy.
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Old 11th February 2018, 07:36   #527
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Default Re: July 2016: NGT tells Delhi to deregister all Diesel Vehicles over 10 years old

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Originally Posted by Styler View Post
Guys. I need urgent advice.
I have a 14 year old Non-CRDE Scorpio in Perfect Condition with no expenses at all.
My mechanics have found a buyer in one of the listed districts of UP to buy the car.
The price is 1.25 lacs to me and .20 lacs to the Mechanics.
The buyer takes care of the expenses of NOC and Transfer.
I wanted that that I give physical possession of the Car only when it is transferred.
The buyer says that he will give me an Advance and apply for the NOC in his name, and it will come to my address. The car will remain with me till the NOC Comes.
Once the NOC Comes he will take all the papers with his name and Address and the date of sale mentioned in it.
I will take the letter of handing over possession of the car, get the payment and they will take the car. They need to take the car there to get it transferred.
Is it safe to sell it in this way ?
Urgent advise needed.
The update about the sale of my 14 year old Scorpio to a district in UP. The seller had given me an advance of Rs 25000 and taken all documents (form 28) and submitted these for the NOC at the Transport Authority about 15 days ago.
He called me yesterday that through an agent they will get the NOC in a day or two, and will come and take the Car after paying the balance amount.
I have noted down the list of documents I will retain. I will send a copy of these to both the authorities through Registered post.
I understand that when the Transport authority in Delhi issues a NOC the vehicle is De-registered from here. Is that true.
In addition of the delivery note I want to take an Affidavit of Indemnity from the seller at the time of handing over the car. Does anybody have a format of this ? It will be really helpful.

Thanks
Styler
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Old 19th February 2018, 05:23   #528
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Default Re: ARTICLE: How to sell a *USED* car in India

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Originally Posted by hserus View Post
Any interstate transfer at all is tough and required re registration and payment of life tax. You had better find a UP address proof and re register.

You wonít even need an agent for that. Straightforward process.
Thanks! So now I need to transfer insurance.
For the old car, it expires on the 24th of Feb. 35% NCB.
For the 'new' car, I renewed it in the owner's name with a 50% NCB on the 10th of Feb, or so.

What would be the process to go about this?
From what I've dug up on the net, I need an NCB certificate... do advise - thanks much!
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Old 19th February 2018, 06:05   #529
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Default Re: ARTICLE: How to sell a *USED* car in India

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Originally Posted by wooka View Post
From what I've dug up on the net, I need an NCB certificate... do advise - thanks much!
Take your old carís transfer paperwork and insurance to the insurance company or agent that you used, they will take care of it.
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