Can You Drive Away a Used Car on the Same Day of Purchase?
1 Answers
If the used car has complete documentation and is in good condition, and both parties have signed the sales contract and payment has been made, it is certainly possible to drive away the car on the same day. However, both the buyer and seller should agree on the transfer procedures in advance. The car can be driven away once the transfer procedures are completed. Normally, the transfer process takes about two to three hours, and it can be even faster if the vehicle management office is nearby. Below are additional considerations for personal used car transfers: 1. Ensure the property certificate is legal: Pay special attention to the embossed number, engine number, and registration date on the property certificate. 2. Check for any traffic violation records: Before transferring ownership, verify if the vehicle has any outstanding traffic violations and ensure it is within the validity period of the compulsory traffic insurance. Only vehicles with no violations and valid insurance can proceed with the transfer. 3. Verify the vehicle purchase tax payment receipt: Always check the original tax receipt of the car. Some cars may not have paid the purchase tax, and after the transfer, these unpaid or tax-exempt vehicles may be required to pay the tax, which can be a significant expense. Therefore, it is crucial to determine who will cover this cost. 4. Follow standardized procedures: If both parties are unfamiliar with the used car sales and transfer process, it can lead to delays and future issues. After agreeing on the price, it is advisable to engage a reputable agency to handle the formalities to avoid unnecessary complications. 5. Do not forget a written contract: While used car purchases through dealerships usually involve formal sales contracts, it is also best for private transactions to have a written agreement signed by both parties as proof. 6. Agree on intermediary costs in advance: There may be transfer fees or potential refunds during the transaction. Both parties should agree beforehand on who will pay the transfer and inspection fees. It is best for both parties to be present when canceling insurance and completing the transfer to avoid future disputes. 7. Review documentation carefully to avoid issues: Buyers should thoroughly check all relevant documents and insurance proofs to avoid purchasing unregistered or problematic vehicles and prevent fraud. 8. Be cautious when buying from another location: Many private transactions involve online listings, so extra care is needed when purchasing from another region. On one hand, a deposit is usually required before the transfer and payment. Additionally, vehicle inspection and registration may vary by location, so buying locally is often more convenient.
