What to Pay Attention to When Transferring Vehicle Ownership
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When transferring vehicle ownership, the following points should be noted: The original owner of a used car needs to provide documents such as the registration certificate, vehicle license, and ID card. The buyer needs to provide an ID card, and if they are from another region, a residence permit or temporary residence permit is required. First, a vehicle evaluation must be conducted. The evaluation fee is generally 1%-2% of the assessed vehicle price, and other fees include license plates, vehicle license, etc. The original commercial insurance can be canceled (compulsory insurance cannot be canceled), or the insurance can be transferred to the buyer at the insurance company. The vehicle title must be legitimate. Pay special attention to the embossed number, engine number, and registration date on the title. Besides verification, check for any signs of alteration, as alterations often indicate potential fraud. The vehicle purchase tax must be checked. Some vehicles may not have paid the purchase tax, and after the transfer, these unpaid or tax-exempt vehicles may be required to pay the tax, which can be a significant expense. Therefore, it is essential to determine who will cover this cost. Regarding road maintenance fees, there is little room for loopholes. Simply check the payment receipt, which clearly records the validity period of the road maintenance fee, to avoid disputes. Insurance transfer should be completed promptly to prevent unnecessary complications during claims. Mortgaged or supervised vehicles are prohibited from being traded. Vehicle information can be checked at the vehicle management office. The most important aspect of private used car transfers is completing the ownership transfer procedures. Since you will handle it yourself, you may encounter issues like lengthy processing times and overly complex procedures. It is recommended to prepare all required documents before going to the used car transfer office. When purchasing a used car, review relevant policies and regulations. Some vehicles are not allowed to be sold or transferred. After completing the transfer, you must also update the relevant records with the appropriate authorities. Tampering with the odometer. Many consumers rely on the odometer to judge a vehicle's condition, and sellers often exploit this by altering the odometer. The odometer is not just a record of usage but also an indicator of when other parts were repaired or replaced. Basing maintenance on a tampered odometer can lead to potential safety hazards. New paint to hide damage. When buying a used car, if the car has been repainted and there are signs of repair around the front, rear, or A, B, C pillars, the vehicle may have been involved in a major accident. "Refreshing the heart" to raise the price. Many buyers focus too much on the engine (the "heart") and overlook the overall condition of the car. Sellers take advantage of this by replacing engine parts to make the vehicle appear younger and justify a higher price.
