Car Selling Agreement India

The contract to sell the car is an agreement between a seller and a buyer. Buyers and sellers are collectively called parties. All terms and conditions are discussed between the buyer and the seller. It is a document made on behalf of the car buyer and is documented by the public notary. This is an agreement to transfer all liabilities from the vehicle to the buyer. After the date of signing this contract and after the transfer of the RC to the final purchaser, all risks related to the vehicle are transferred to the buyer. This document can be used as proof that you have given the vehicle to the buyer. Form 30 is used as a confirmation of Form 29. After evaluating the RTO about the sale, it is your responsibility to make the RTO intimate that the transfer of ownership of the vehicle must be made. Form 30 states that all legal ties and responsibilities you had with your car are now transferred to the buyer of your car, including the consent of the financier (if any).

As a general rule, this should be done in 14 days from the date of sale of the car. You need 2 copies of this form and it can be retrieved at the RTO office or you can download Form 30 here and send it to the RTO office for a fee. If you are selling a used car, motorcycle or other vehicle through the private sector, it is important that you agree in writing terms of sale and purchase with the buyer. The documentation of the agreement and the condition of the used car prevents the buyer from later claiming that you cheated on the condition and recovered his money. To be a valid contract, both the seller and the buyer must correctly sign this agreement with the witnesses and execute it on a valid stamp document, as applicable in the state of execution of the agreement. You can sell your car with all these documents and save agent fees or hire an agent to do it for you. The only reason people choose agents to do their job is the effort and follow-up needed to complete the papers while they sell their cars. But it`s expensive. This RTO form is used to not take a certificate of objection from the registrar.

It also proves that you have no liabilities and charges that you can keep from selling your car. These are some documents that you should sort out of your own by selling a car. There are many other documents needed to sell a car that have been listed in the sections below. The rental contract and the electricity bill are also allowed in selected countries. If you plan to throw your old vehicle without reacting in your garage and have a boring wheel set After you like, make sure you don`t act hastily when selling the old vehicle.