What are the precautions for transferring a total loss vehicle?
1 Answers
When transferring a total loss vehicle, the following precautions should be noted: 1. Check for traffic violations: When handling the transfer of a used car, it is essential to thoroughly check the vehicle's traffic violation records. Ensure there are no outstanding violations and verify that the compulsory traffic insurance is still valid. Only vehicles with valid compulsory insurance and no unresolved violations can be transferred. 2. Verify payment status: Before proceeding with the transfer process, it is crucial to check the original vehicle's purchase tax payment status. The purchase tax is a significant expense, and some vehicles may not have paid it initially. In such cases, the tax must be paid anew during the transfer. Confirming the purchase tax payment status beforehand can avoid this additional and unnecessary expense. 3. Determine specific costs: During the transfer process, various fees such as transfer fees or refunds may arise. Both parties must agree in advance on who will bear these costs. Additionally, both parties should be present during the transfer and insurance cancellation procedures to prevent disputes.