Official Documents Require to Sell a Car? A Step by Step Guide

1. “OFFICIAL DOCUMENTS REQUIRE TO SELL A CAR? A STEP BY STEP GUIDE” Owning a well-maintained car is great but a car with no official documents is like non-existent. A depreciating asset which will not fetch any amount while being sold off. The used cars cannot be sold in the market if you do not possess the entire set of official documents of the car. It is like maintaining a record of the car as a part of the family member. Its nothing less than creating a medical file of person. There is a list of documents which is necessary to be kept handy. The utilization occurs when you have to sell your used car. The value of these documents is unmatched to make sure that your car comes in a saleable category and also, fetches a good amount of money. A car without any paper is like non-traceable therefore, it becomes too difficult to sell such used cars. Absence of the documents has got a direct negative impact of your car in the second-hand market because no one would want to take the risk. Here is the list of documents which you need to keep always in order to sell your car: #1 RC Registration Card is abbreviated as RC. An authentic proof that your vehicle is very much registered with the Government of India. Therefore, a lot many other related facts can be known about the car with the GOI. Also, it is only valid if its damage or misspelt words on it.

2. #2 Insurance When you buy your car one of the first tasks you perform is to get insurance done. No one is going to consider the car if it is not covered under most of the circumstances. Insurance policy documents are of real importance. It not only adds value to resale value but also shows that you have taken proper care of the car. #3 PUC Given the status of the pollution emanating cars on Indian roads are a major problem thus no service provider would like to hoard a polluted car. Therefore, it is important to get the pollution level checked every six months to maintain a record. You can get a pollution check done at any of the petrol pumps by paying Rs 60 to Rs 100. It’s important to perform the task a few days before to add on to the credibility of the vehicle. #4 Invoice of the Car Did you purchase the car and forgot to maintain the papers after that? Do not just indulgent in enjoying the car but always think about the future. Even if you are not planning to sell still you might need to produce the invoice of the car at a workshop or during a servicing session. It carries the original pricing of the car which becomes a base of negotiation while selling it. #5 Duplicate Car Keys It is good to have on your checklist during the sale of the car. It makes the process easier for the buyer. List of individual documents:  Pan Card  Address Proof  Photographs All of these documents need to be self-attested otherwise they might not be accepted. Thus, making you run around for days to complete the simple process. RTO forms which you would need to sell your car. These can be downloaded online or can be bought too. #1 Form 28

3. It defines that there are no liabilities associated with the car which might cause hindrance in selling the car. For example, there shouldn’t be any incomplete taxes, challans or the car is not blacklisted as well as there are no FIRs on the name of the car. This also works as a no-objection certificate/NOC from the registering authority. #2 Form 29 It’s a crucial form which states that you do not have any issues in selling your car. It works like consent form shared with the RTO and that it is being sold by the owner himself. #3 Form 30 It is a form which acts as a confirmation of form 29. So once Form 29 is sent to RTO, form 30 will be an intimation to the department that the transfer of the vehicle needs to be done. Therefore, the entire responsibilities can be transferred to the buyer. #4 Form 35 Another crucial element is of removing the hypothecation. Therefore Form 35 empowers you to claim the removal of hypothecation from the car as the loan amount has been cleared. The form and NOC have to be reproduced by the bank which had financed it. A new RC is released once hypothecation is removed as HC is no more written on it. It might look like a long list of documents but trust us that most of the documentation is taken care of by OLX Cash My Car. You will be guided from end to end process once the inspection has been completed and an offer has been made to you. On the acceptance of the offer (same day), you will be asked to produce the personal and car documents. Other forms will be provided by our representatives who would even guide you to fill the form. Surprisingly, the entire process is of just 45 minutes leading to final payment into your account.