What are the papers you need to submit when buying the second-hand bike?
The vehicle makes navigating the congested traffic roads easy; especially the two-wheelers are necessary for transportation because of its comfortability. You can always go for a second-hand vehicle if buying new bike burdens up your resources. Lower mileage bike is also available for trade-in a reasonable budget, you can choose as per your convenience. But buying a second-hand bike needs some paperwork and to the reassignment of legal ownership and more right from the two-wheeler policy transfer. Here are some answers to your questions and papers that you should consider while buying a second-hand bike.
How to buy a second-hand bike?
You have to transfer the ownership from the seller to your name when you buy a used bike. For this reason, you have to ask the past owner to hand over the relevant documents to you. You must notify the RTO to obtain the transfer vehicle registration certificate by submitting these documents to them. This certificate would give you legal possession immediately over the vehicle. You have to furnish attested photocopies with all of these documents to change the insurance details of the policy. You have to transfer the insurance of the two-wheeler on your name. Here are some important documents that are required to buy a second-hand vehicle.
Original registration certificate
This is the document that stands as a proof for the registration of your bike. You should also verify whether the details mentioned in the RC book about the current owner and the motorcycles are accurate or not.
Form 28, 29 and 30
Form 28 is the no-objection certificate which is popularly known as NOC. The seller should submit 3 copies of form 28 to the RTO. Form 29 is the notice of transfer of motor vehicle ownership by which it notifies the RTO about the sale of the bike. The seller is supposed to submit 2 copies of form 29, one for the RTO office and another copy is for your reference. Form 30 serves as an intimation of transfer of a motorcycle’s ownership. It is a confirmation of form 29 and a duplicate has to be submitted to the RTO. Hero super splendor review recommended following all this certification to have a better experience.
Sales receipt, road tax certificate and transfer deed
The sales receipt with the vendor’s signature acts as the proof document of the sale. The road tax certificate card lists the payment information of the road tax. It proves that the seller has followed perfect taxation on time and there are no pending dues on the bike. The transfer deed provides the proof that the seller has no longer any legal claims over the bike. The transfer deed should mention the details of the engine number, registration number, the name, address and ID number of both the buyer and the seller, chassis number. After affixing the revenue stamps, get the deed signed by the vendor to make it admissible evidence according to law.
Valid address proof, identity proof and insurance certificate
Usually, PAN or aadhaar card and driving license are sufficient as a proof of identity. Get the original document of the policy and details of the paid premiums. The RTO will not register your two-wheeler, without the certificate of insurance.
Bottom line
At once you have held to the proper documents then without any hassle, you can get the ownership transfer and bike insurance transfer.