Buying a used car has a number of advantages, including cost and the lack of any waiting periods. It makes sense most of the time. But there is one key task that has to be streamlined: the paperwork procedure.
You must take care of a few legal formalities in order to fully transfer ownership of the car into your name and drive it without any issues. The list of documents you must look over before buying a used car is given below.
Registration Certificate:
The Registration Certificate (RC) is the most important document to review. It provides information such as the name of the owner, the model of the car, the chassis number, and the engine number. Check that each of these matches the number on the VIN plate for the vehicle. On an earlier car, this could be located underneath the driver’s-side engine hood or even close to the front fender.
Vehicle purchase invoice
The only purpose of this is to confirm the invoice that the buyer of the car receives from the dealership where the car was bought. Important information is provided, including the ex-showroom cost and the date of purchase. If you are buying from a single person, request a sale receipt.
NOC or Clearance Certificate
The majority of customers finance their vehicles, hence the NOC or Clearance Certificate. In this instance, the bank issues NOC a clearance certificate attesting that the vehicle has no outstanding loans.
Papers related to services:
Always look over the car’s service record, sometimes known as the “blue book.” It is used to examine the actual maintenance and operation schedules for the vehicle.
Insurance:
According to the law, every vehicle must be protected by insurance. It also reveals if a significant collision involved the car.
Make sure the car’s insurance is up to date and make arrangements for a transfer. Additionally, look over the policy’s contents and exclusions.
Forms 29, 30, 32, and 35 of the RTO:
If the previous owner borrowed money, Forms 32 and 35 are required. Ask the seller for a copy of the No Objection Certificate (NOC) to see if the entire loan has been paid off. The bank will eventually demand payment for the past-due loan if there is a balance owing.
Form 29 serves as the official notification of auto ownership.
Form 30 is the official application certifying the ownership transfer.
Road tax receipt
The one-time payment was made by the car’s previous owner. The Regional Transport Office (RTO) gives this receipt when the vehicle is first registered in the name of the original owner.
Emission certificate
The Pollution Under Control Certificate (PUCC), a document that attests for it.
