A two-wheeler is often the first choice for many, and while buying a new vehicle is often a path many prefer, using a second-hand bike is a better idea for those who want to just simplify their daily commute without burning a hole in their pocket.
If you are buying a used bike, there is a bit of paperwork involved since you are acquiring the ownership of a vehicle that legally belongs to someone else. Thus, it is important to understand the process involved in a used bike’s ownership transfer or RC transfer.
In order to kickstart your bike ownership transfer process, you must have the following documents ready with you along with two copies of transferee’s photographs (size 2”x2.5”).
This is a mandatory document required in your ownership transfer process. The Registration Certificate of a bike has all the important information like the make, model, state of registration, engine number, chassis number, engine capacity, etc. The seller must produce the vehicle’s registration certificate and hand it over to the new owner along with other necessary documents for the ownership transfer.
Yet another important document that the seller needs to give to the new owner, the PUC certificate certifies that the bike in consideration follows all the rules and regulations concerning pollution control.
As per the Motor Vehicles Act, 1988, all vehicles should be insured. It is mandatory that the used bike should have insurance coverage, and the policy is in the seller’s name.
Since the ownership is transferring to the buyer’s name, the insurance policy needs to be transferred to the buyer’s name, which can only occur with a certificate of insurance in place. This certificate is usually given to the policyholder who is then given to the new bike owner.
The form is a signed document given by the seller of the bike to the new owner stating no discrepancies involved in this transaction.
On the other hand, if a two-wheeler is being sold within the state, an RTO-provided NOC is mandatory. On the other hand, if the communication is taking place across states, NOC by the seller’s state’s entry tax is required.
In the case of the owner’s death, the following documents are required:
In the case of Public Auctions
For the bike ownership, here are the following steps to consider:
In order to receive the ownership, the buyer needs to pay a transfer fee of Rs. 30 to the RTO. However, the RC transfer fee can vary from one RTO to another based on the state.
The entire ownership transfer or RC Transfer for used bikes is a time consuming and tedious process, including multiple visits to the RTO office with lots of paperwork. However, CARS24 Moto takes care of the RC Transfer and takes away the procedural hassle making ownership transfer easier for used bike buyers and sellers.