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Old 5th May 2023, 06:39   #691
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Re: ARTICLE: How to sell a *USED* car in India

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Originally Posted by Bhupesh_2628 View Post
Will the copies of RTO forms & delivery note be enough for me to show as proof that I have sold the scooty & I shouldn't be held accountable if something happens even if it's unsold.
I think it is a standard process. No one will mention buyer's name on the forms, however the delivery note should be between the dealer and you, which is a proof that you have handed over the possession of the vehicle.

There is a risk, which you have to live with. There are people who have done this with big portals and the vehicle was not transferred even after an year, but that is very rare.
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Old 27th May 2023, 19:24   #692
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Re: ARTICLE: How to sell a *USED* car in India

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Originally Posted by AltoLXI View Post
I have decided to part ways with my Elite i20 (2018 model). The reason being very low usage - 11K in four years. Car was serviced only at ASS and barring a couple of small mishaps where front bumper was changed, the car is in perfect condition.

Talked to Hyundai dealer last week and they are quoting 6 lakhs for the car. I was told I will be paid in 5-7 working days and the car will be registered in Hyundai's name.

I’m in a similar boat here - can you please let me know how this went for you?
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Old 30th May 2023, 21:49   #693
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Re: ARTICLE: How to sell a *USED* car in India

seeking advice from experts
What are the forms to be signed? I was told as per new rules (after 01 April 2023), The handing over of the vehicle has to be recorded in form 29C and both the dealer and seller have to intimate the RTO authority online and get a digital acknowledgement number. I would be grateful to know the experience of those who have sold post 01April 2023 how it was done. Also what is the procedure for retaining the NCB on the existing Insurance policy. Do we intimate the Insurance co immideately on handing over the existing policy to the dealer or wait for transfer to take place?
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Old 23rd August 2023, 18:20   #694
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Re: ARTICLE: How to sell a *USED* car in India

Hi folks,
I am planning to sell my 2013 Maruti Swift Zxi Petrol.
However there are a few scratches & dents on the body that I want to repair before selling. I checked with Maruti service centre but their default response is change the part, so I want to check with outside places. Is there any good place that is recommended to get such things fixed at a reasonable price? I am based in Bangalore (near Koramangala/HSR)
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Old 8th October 2023, 20:36   #695
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Re: ARTICLE: How to sell a *USED* car in India

Hello Guys,
I am selling a Motorbike I registered in Delhi DL7 RTO. At the time of purchase my address proof was that of a place of residence in Laxmi Nagar, Delhi.
Now it's been almost 7 years and my address proof on Aadhar, etc. have changed. I was wondering if the LAW requires me to submit Active/Valid Address Proof of that particular address which is present on the RC ? What If I can't arrange that, is there any alternative/process ?

If yes, One of things I was thinking is to apply for Address Transfer of the Vehicle first. However, I'm unsure if that would still require original address proof.

Last edited by rishi.roger : 8th October 2023 at 20:39.
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Old 21st November 2023, 14:19   #696
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Re: ARTICLE: How to sell a *USED* car in India

Folks, thinking of performing my car sale in the following manner:
- Accept a token advance from the buyer
- Hand over RC and insurance for transfer of ownership
- Once transfer is complete, accept remaining payment and hand-over the car.

Questions-
- What's a reasonable token amount to accept that ensures safety for both parties?
- Should I instead take full payment, sign all papers ensuring buyer details are on it, and then give away the car?

Last edited by automowheels : 21st November 2023 at 14:36.
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Old 22nd November 2023, 16:28   #697
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Re: ARTICLE: How to sell a *USED* car in India

Folks,

Any ideas on how to sell my Black, KA51 registered Mahindra-Renault Logan (2009 model, 1-Jan-2010 registered) which is a pretty good condition and very drivable. The Spinny website doesn't even list this model as sellable and the bad experience I read about Cars24 makes we want to stay away from them. Any suggestions ?

Thanks,
BD
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Old 22nd November 2023, 21:46   #698
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Re: ARTICLE: How to sell a *USED* car in India

Quote:
Originally Posted by automowheels View Post
Folks, thinking of performing my car sale in the following manner:
- Accept a token advance from the buyer
- Hand over RC and insurance for transfer of ownership
- Once transfer is complete, accept remaining payment and hand-over the car.

Questions-
- What's a reasonable token amount to accept that ensures safety for both parties?
- Should I instead take full payment, sign all papers ensuring buyer details are on it, and then give away the car?
I highly recommend you DO NOT do this method. Once the RC transfer is complete, there is nothing to hold the buyer to pay you the remaining amount, as the car will now legally belong to him. YOU MUST take full payment upfront before the RC transfer.

What you could do to ensure the RC transfer is done, is during the handover to hold on to the spare key (after full payment), until the RC is issued in the new buyers name. However the buyer may not always agree to this and plus it could cause logistical issues if the buyer lives in another city.

Easiest option is once you have received the full amount, get all the RC transfer forms signed by the buyer and a copy of their required ID documents (or even easier is to initiate the sale process online on the Vahan website), and then give it to an agent for processing or submit at the RTO yourself. I did this when I was selling my car and it was a no hassle, stress free process. This ensured I got the full funds and the RC was transferred over to the buyer with no hiccups.
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Old 13th December 2023, 19:44   #699
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Re: ARTICLE: How to sell a *USED* car in India

Planning to sell our 7 year old Baleno CVT Delta variant (2016 registration), very good condition, upgraded the ICE and some features, in Bangalore. On websites like olx people are quoting 6.5L, Spinny is offering up to 5.2 L. This is almost 1.3 (or realistically 1 lakh) lakhs less than "fair market value".

Hence, planning to sell through olx or team-bhp. I would be asking the buyer to sign a indemnity bond (going to be notarized) which will indemnify the seller incase the buyer decides to misuse the vehicle till it gets registered in the buyer's name. We do have a insurance for the next 6 months, but hell a lot of things do not get covered under insurance.

Is this a fair thing?

Last edited by kiranknair : 13th December 2023 at 19:46.
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Old 7th January 2024, 17:19   #700
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Re: ARTICLE: How to sell a *USED* car in India

When selling to a used car dealer is there any additional step/documentation to be done? Apart from the main rto documents, sending the documents to rto to notify them and also to the insurance company.
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Old 8th January 2024, 09:45   #701
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Re: ARTICLE: How to sell a *USED* car in India

Quote:
Originally Posted by kiranknair View Post
Planning to sell our 7 year old Baleno CVT Delta variant (2016 registration), very good condition, upgraded the ICE and some features, in Bangalore. On websites like olx people are quoting 6.5L, Spinny is offering up to 5.2 L. This is almost 1.3 (or realistically 1 lakh) lakhs less than "fair market value".

Hence, planning to sell through olx or team-bhp. I would be asking the buyer to sign a indemnity bond (going to be notarized) which will indemnify the seller incase the buyer decides to misuse the vehicle till it gets registered in the buyer's name. We do have a insurance for the next 6 months, but hell a lot of things do not get covered under insurance.

Is this a fair thing?
Apart from copies of Forms 29/30, prepare a sale deed on non judicial stamp paper outlining the terms and conditions. Also get the buyer to sign a delivery note. This is pretty much it.

Things like the indemnity bond you have mentioned is useless. Won't hold up in the court of law.
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Old 22nd January 2024, 10:01   #702
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Re: ARTICLE: How to sell a *USED* car in India

My wife sold her Maruti 800 at the end of July 2023 to a person who was introduced to us as someone who works for us and we know. All the relevant papers were handed over at the time of sale to the buyer, who promised to immediately initiate the transfer process.

Immediately after the sale, we submitted online the Intimation of Vehicle Transfer to the TS RTA. However, as the buyer was a known person and since we had completed the online intimation, we did not send a letter to the RTA with copies of the relevant transfer documents.

When we checked after a few weeks, we found that the transfer was not carried out. On contacting the buyer, he cited some personal difficulties but promised to execute the transfer. We again contacted the buyer in December 2023 and January 2024 regarding the transfer and each time he promised to transfer the vehicle to his name.

At the time of the last call, we got the impression that the buyer has no intention of transferring the vehicle to his name and with the insurance expiration date being 15 March 2024 we are in a quandary.

Will appreciate advice on what steps we need to take to protect ourselves in this situation.
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Old 18th February 2024, 23:53   #703
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Re: ARTICLE: How to sell a *USED* car in India

Folks, is there any change in the procedure and forms to be used by seller when selling direct to a buyer ? Read some posts about some changes since April 2023, some new Form-29 and possibility of initiating a sale/transfer via Vaahan website.

I am located in Bangalore, and my past/recent experience with Vaahan website is not great. I mean one can initiate a request, but the backend part which requires the KA RTO to do something never goes through, so how safe would it be to try to make sale/transfer via Vaahan website ?

Also, if my vehicle is registered in KA51 (Electronic City) but buyer wants to register in KA01 (Bangalore Central) or another city in Karnataka, I believe I'd need NOC from KA51, is that right ?
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Old 19th February 2024, 18:02   #704
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Re: ARTICLE: How to sell a *USED* car in India

My wife sold her car this month to Car24 and they have indicated a window of 180 days during which transfer to the new owner will happen. We have the Sale certificate, delivery note and Seller protection agreement from Cars24 but since the ownership transfer has not happened yet, the new owner details are not known.

Given that our transaction has been with cars24, we were wondering what set of documents could we send to the RTO informing about the sale of the car and to whom should it be directed.

Looking for some guidance here and would appreciate if you can share any experience that you might have had in a similar situation. Anything else that might be required.

Thank You!
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Old 20th February 2024, 19:14   #705
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Re: ARTICLE: How to sell a *USED* car in India

I'm in the process of selling my car. I have asked for full payment upfront, and then paperwork for transfer of registration. The buyer and I agreed that I'll release the vehicle once the new owner's name is reflected on the Parivahan website. is this ok?
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