How to Handle Used Car Transactions?
1 Answers
The used vehicle market implements an agency system through operating companies for vehicle title transfers, where the transfer window does not directly handle transactions for consumers. Drive the vehicle to the market, and a used vehicle operating company will act as an agent to complete the transfer procedures: evaluation — vehicle inspection — ticket issuance. Both the buyer and seller need to sign the "Used Vehicle Purchase and Sale Contract," which comes in triplicate. The contract must be filed with the industrial and commercial department before the transfer procedures can proceed. Once the evaluation report is issued, the title transfer process can begin. The completed transfer certificate should be retained by the buyer, and the seller is advised to keep a copy as well.