Cars are a great way to take you places. In the present day and age, a car is more than a luxury. It is a necessity for most of us. The rapid influx in the lifestyle and rise in per capita income has made it possible for more people to afford a four-wheeler. There are numerous challenges one face when buying or selling a car. Buying used or new or selling a used car will have documentation related to it which need to be fulfilled. Documentation is usually the biggest pain point in negotiating a deal. The most important documentation process one has to go through while buying or selling a car is to get an RC (Registration Certificate) made or transferred from the RTO (Regional Transport Corporation). The process of getting an RC becomes more cluttered when you choose to buy or sell a used car. This is because you may have to visit RTO office several times and pay hefty amount as fee or bribe.
Read on as we describe everything you need to know about RC. How you can save yourself from the tedious task of transferring the document in the name of the new buyer when selling your used car.
A vehicle registration certificate is an official government document which provides proof of registration of a motor vehicle. It is used as a means of ensuring that all vehicles are on the national vehicle database. It is also used as a form of law enforcement and to facilitate the change of ownership when buying and selling a vehicle.
A registration certificate is required to prove that you are the owner of the vehicle. It is a government-issued certificate explaining various information about the vehicle. Key information depicted on an RC include:
The most difficult part about selling your used car is to transfer the RC in the name of the new owner. This generally includes several visits to the regional transport department in your city and include various expenses. It is very important to transfer the RC in the name of the new buyer within the speculated time after making the deal. Imagine what will happen if the new owner of your car chooses to use the vehicle for any criminal offence and the papers still show you as the owner of the vehicle?
The authorities will come knocking on your door and you will be held responsible for the offence. To avoid such a situation, take immediate step to get the RC transferred in the name of the new buyer as soon as you have signed the sale deed.
CARS24 is a car buying business solving the hugely cluttered used car industry in India. Providing a platform to sell your car through 54+ physical centres located across the country, CARS24 provides an easier way to sell your car and offer you a best possible price for your used car. Working closely within the used car market, CARS24 has transformed the way you sell your car. It is a technology-driven solution to the agony one faces while selling their car.
CARS24 is also making the documentation involved in a car selling deal hassle-free by taking care of all the paperwork. All documentation including the RC transfer is done by CARS24 executives when you take your car to one of its centres. No fee is levied by CARS24 for all the documentation transfer involved while negotiating and selling your used car.
If you are planning to sell your used car, call – or visit CARS24.com to book an appointment.