What is the process of private used car transactions?
2 Answers
Both parties' ID cards, vehicle license, vehicle registration certificate, vehicle tax payment certificate, car purchase invoice, etc. Verify the authenticity and validity of the license plate number, engine serial number, etc. For vehicles owned by state organs, state-owned enterprises and institutions, etc., a vehicle appraisal and evaluation report issued by a used car appraisal and evaluation agency is required. If the vehicle condition is satisfactory, a used car purchase and sale contract can be signed, and the procedures and agreed transfer time can be arranged. Documents required for the transaction transfer: vehicle registration certificate, vehicle license, ID cards of both the buyer and seller, etc., for handling the transfer and relocation procedures.
I just sold my old car, and the process was actually quite straightforward. First, I had to clean the car thoroughly and take some photos to post on online platforms, waiting for potential buyers to contact me. When buyers came to inspect the car, it was best to accompany them for a test drive. I usually checked the market price in advance to facilitate negotiations. Once the price was agreed upon, we had to sign a purchase agreement. Templates are available online, but I recommend having someone knowledgeable review it. Then came the main event—transferring ownership. I always arranged to meet the buyer at the vehicle management office, bringing the registration certificate and ID card. We filled out forms and paid fees on-site, and it could be completed in about an hour. Finally, remember to collect payment and hand over the keys on the spot—cash or real-time bank transfers are both acceptable. Never hand over the car before the ownership transfer is completed; my neighbor learned this the hard way. Throughout the process, I found that having all the necessary documents and inspecting the car on-site were the most important aspects. Private sales can save on intermediary fees but require extra attention to detail.
