Should Payment or Ownership Transfer Come First When Buying/Selling a Used Car?
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When buying or selling a used car, payment should be made before processing the ownership transfer, and it is advisable to avoid transactions with unfamiliar individuals. Below are relevant details about used car transactions: 1. Transfer procedure: Required documents include the Motor Vehicle Registration, Transfer, and Cancellation Form, Application for Transfer, Inspection Record, original registration certificate, original vehicle license, original owner's ID card, original license plate number, vehicle photos, and the transfer invoice from the trading market. The owner must bring all relevant files to the local vehicle management office where the vehicle will be registered, submit them in full, and complete the license plate registration process. 2. Notes: The documents belong to the vehicle itself, as the license plate number will change after the transfer. Since the vehicle will have a new owner, the vehicle license must be replaced, and the old one will become invalid. Therefore, the new owner must obtain the new vehicle license.