What is the process of car ownership transfer?
2 Answers
Car ownership transfer process: 1. Issue a transaction: Pay the used car transaction tax, 1% for private accounts and 4% for corporate accounts; 2. Vehicle inspection: Drive the car to the inspection site for external inspection, number tracing, license plate removal, and photography. Obtain vehicle photos and attach them to the inspection record form, then proceed to the transfer hall for filing procedures; 3. License plate selection; 4. Transfer and relocation. After obtaining the materials, both parties can proceed to the used car transaction hall for the transaction. After the transaction, the market will provide a nationally unified used car transaction invoice (this invoice will be used during the transfer process). Generally, the used car transaction hall will have agents for insurance transfer. The process is: Prepare the insurance policy, ID cards of both the old and new owners, vehicle license, vehicle registration certificate, etc., and follow the procedures at the original insurance company.
As someone who has long been involved in vehicle transfer procedures, I can say the process mainly involves preparing documents and visiting the DMV with both parties. First, prepare the original and photocopies of the ID cards of both the buyer and seller, the vehicle registration certificate, the driving license, and the original compulsory traffic insurance policy. Also, make sure the vehicle has no outstanding traffic violations. For older vehicles, it's advisable to check the emission status to avoid failing the test. Both parties must be present in person, as staff will verify identities and the vehicle chassis number on-site to prevent fraudulent claims. After filling out the transfer application form and paying a fee of a few hundred yuan, wait for the new documents, which usually take a day or two to receive the new driving license and registration certificate. Don't forget to transfer the insurance online or by phone immediately after the transfer; otherwise, the new owner might not be covered in case of an accident. The whole process typically takes about three to four hours, and making an appointment in advance can save time. Don't overlook the insurance step, as it can easily cause trouble.
