How to ensure buyer of a car registers it in his name?

janitha · 14th April 2009, 18:52

Mods please change if this not the appropriate section. As the title implies, when selling a car, how can we ensure that the buyer gets it registered in his name so that I am not responsible for any liabilities and legal issues from that date. The procedure I have seen is a written agreement on a Rs.50/- stamp paper, the original of which is kept by the buyer which I feel not safe enough.

greenhorn · 14th April 2009, 19:01

do you have a delivery note? some of the consequences were discussed here
http://www.team-bhp.com/forum/indian...red-light.html

The_Warrior · 14th April 2009, 19:10

Quote:

Originally Posted by janitha

Mods please change if this not the appropriate section. As the title implies, when selling a car, how can we ensure that the buyer gets it registered in his name so that I am not responsible for any liabilities and legal issues from that date. The procedure I have seen is a written agreement on a Rs.50/- stamp paper, the original of which is kept by the buyer which I feel not safe enough.

It is a serious issue and whenver i sell off my old car i make it a point that i take a Xerox of all the Forms duly filled and signed and with my covering letter deposit them with the Registering Authority so that it comes in their records and i am safe....

janitha · 14th April 2009, 20:07

Quote:

Originally Posted by The_Warrior

It is a serious issue and whenver i sell off my old car i make it a point that i take a Xerox of all the Forms duly filled and signed and with my covering letter deposit them with the Registering Authority so that it comes in their records and i am safe....

Will do the same. I think I will get copy of his Voter ID too. Will these be sufficient? And thanks to greenhorn for the link.

GTO · 15th April 2009, 10:51

Ensure that you:

1. Retain the sales receipt & delivery note documents. Duly signed of course.

2. Have a copy of the new owner's address proof.

3. Send a xeroxed set of all the above-mentioned documents to the RTO & your insurance company via Regd with A.D with a covering letter. Mention the payment details as well (e.g. cheque number, dated, which bank, branch and amount). Maintain the postal confirmation in your records.

4. Have the new buyer send you a copy of the updated RC book, which shows the car has been transferred to his name. This will, in all probability, require some followup.

ajmat · 15th April 2009, 11:05

...or offer the buyer Rs 10000 back if the transfer is done within 6 weeks with documented proof. You need to factor this into price

esteem_lover · 15th April 2009, 11:29

If you sell your car to a dealer, then there is every possibility that the name change will not transpire very soon. Always better to sell it to a genuine buyer who is as interested in transferring it to his name as you are.

14th April 2009, 18:52	#1
janitha BHPian Join Date: Feb 2009 Location: Kollam, Kerala Posts: 368 Thanked: 2 Times	How to ensure buyer of a car registers it in his name? Mods please change if this not the appropriate section. As the title implies, when selling a car, how can we ensure that the buyer gets it registered in his name so that I am not responsible for any liabilities and legal issues from that date. The procedure I have seen is a written agreement on a Rs.50/- stamp paper, the original of which is kept by the buyer which I feel not safe enough.
	() Thanks

14th April 2009, 19:01	#2
greenhorn Senior - BHPian Join Date: Apr 2007 Location: KL-01 Posts: 7,745 Thanked: 4,402 Times View My Garage	do you have a delivery note? some of the consequences were discussed here http://www.team-bhp.com/forum/indian...red-light.html
	() Thanks

15th April 2009, 10:51	#5
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,546 Thanked: 300,788 Times View My Garage	Ensure that you: 1. Retain the sales receipt & delivery note documents. Duly signed of course. 2. Have a copy of the new owner's address proof. 3. Send a xeroxed set of all the above-mentioned documents to the RTO & your insurance company via Regd with A.D with a covering letter. Mention the payment details as well (e.g. cheque number, dated, which bank, branch and amount). Maintain the postal confirmation in your records. 4. Have the new buyer send you a copy of the updated RC book, which shows the car has been transferred to his name. This will, in all probability, require some followup.
	() Thanks

15th April 2009, 11:05	#6
ajmat Team-BHP Support Join Date: Feb 2004 Location: Bangalore Posts: 14,866 Thanked: 27,981 Times View My Garage	...or offer the buyer Rs 10000 back if the transfer is done within 6 weeks with documented proof. You need to factor this into price
	() Thanks

15th April 2009, 11:29	#7
esteem_lover Senior - BHPian Join Date: Jul 2006 Location: Madras/Py Posts: 7,556 Thanked: 502 Times View My Garage	If you sell your car to a dealer, then there is every possibility that the name change will not transpire very soon. Always better to sell it to a genuine buyer who is as interested in transferring it to his name as you are.
	() Thanks