How to Transfer Ownership When Buying a Used Car?
2 Answers
Drive the car to the market, where an old motor vehicle trading company will act as an agent to complete the transfer procedures, including evaluation, vehicle inspection, and issuing receipts. Both the buyer and seller need to sign an old motor vehicle sales contract supervised by the industrial and commercial department. The contract is made in triplicate, with one copy for each party and one retained by the industrial and commercial department. Once the evaluation report is issued, the transfer process can begin. The completed transfer documents should be kept by the buyer, and the seller is advised to retain a copy. Important considerations for transferring ownership of a used car are as follows: 1. Necessity of Transferring Ownership: The transfer legally completes the change of vehicle ownership, ensuring the legality of the vehicle's origin (e.g., avoiding purchasing smuggled or stolen vehicles) and clarifying the responsibilities of both parties regarding the vehicle, such as debt disputes and traffic violations, thereby protecting the legitimate rights and interests of both parties. 2. Required Documents for Transfer: Original owner's ID card, new owner's ID card, original and duplicate of the vehicle license, purchase tax certificate, proof of payment for vehicle and vessel tax, motor vehicle registration certificate, vehicle inspection report for criminal investigation, and insurance policy/card/invoice. All documents must be provided in original.
A couple of days ago, I just helped a friend with a used car transfer, and it wasn't too complicated. Both the buyer and seller need to bring their original ID cards. The seller should remember to bring the vehicle registration certificate and the driving license, while the buyer should check in advance whether the vehicle has any outstanding traffic violations to avoid unnecessary trips to the DMV. First, go to the used car market to issue a transaction invoice, and pay the tax before moving on to the next step. Then, drive the car to the DMV for inspection. The staff will verify details like the VIN and engine number, and remember to affix the stamped VIN in the designated spot. After the inspection, you can go to the hall to choose a new license plate or keep the original one. Finally, collect the new driving license and the updated registration certificate. Don’t forget to transfer the insurance at the insurance company within a week to avoid disputes in case of an accident claim.
