Paperwork Required When You Buy a Used Motorcycle

While buying a used two-wheeler, a buyer has to keep certain things in mind like the condition of the vehicle, authenticity of the seller, etc. One of the most important part is the paperwork involved in the process, which finalizes the purchase.

1. Tips For The Buyer 2. How to Transfer Bike Ownership 3. Benefits of Transfer BIke Insurance
Buying A Used Motorcycle Paperwork
Transfer RC Ownership Document for Used Bike

The paperwork requires the following -

  1. RC (Registration Certificate) Book- It is mandatory for the seller to provide the RC book of the concerned vehicle to the buyer. The purchaser should check that the details of the vehicle match the details on the book. For example, the vehicle number and stamp proving the payment of tax. The name of the owner (seller) should be correct on the book. This book has to be submitted by the buyer in the RTO (Regional Transport Office) where the owner’s name will be changed to the new one.

    If the RC book has a bank seal stamped on it which denotes bank loan, the purchaser should get form 35 stamped, signed and a NOC letter from the bank mentioning the clearance of loans. The RTO charges a fee to cancel the loan entry.

  2. Insurance Certificate- It is mandatory for any vehicle to have an insurance policy. Without insurance, a vehicle will not be registered by the RTO. In case of buying a used motorcycle, the vendor has to provide the purchaser with the two wheeler insurance certificate of the vehicle. The bank which has provided this insurance policy will transfer the ownership from the seller to the buyer if the policy is active at the time of purchase. If it is not active he (the buyer) has to apply for a new two wheeler insurance policy.

    He can apply for a two wheeler insurance policy with any bank which provides the same. In case of buying a new policy he has to check his own requirements and then take up something which is beneficial.

  3. The seller should have form 28, form 29 and form 30 which the buyer has to submit at the RTO.
    • Form 28 is a No Objection Certificate (NOC). Three copies of the same is required if the buyer is willing to take the motorcycle out of state. If not, the form is not important.
    • Form 29 is the Notice of Transfer of Ownership. 2 copies of the same is required.
    • Form 30 is Report of Transfer of Ownership of a Motor Vehicle. 1 copy of the same is required.
  4. The seller should also provide the buyer with the road tax card which has the tax payment information which has to be submitted to the RTO.

  5. Pollution under Control (PUC) Certificate is mandatory for vehicles which are older than six months. If the previous owner does not have the same, the new one has to get the same once he gets the possession.

  6. The buyer also needs to provide the address proof and two passport size photographs.

  7. The buyer should take a sales receipt from the vendor to avoid any complications.

All the above mentioned documents are to be submitted to the RTO to get the ownership of the two-wheeler being purchased.

Tips For The Buyer

Two Wheeler Ownership Transfer Process

Whenever you dispose of your old two-wheeler to make way for a better and newer mode of commute, there are certain things you should be careful about. Transferring the ownership of your old vehicle also involves correctly transferring all the associated documents to the new owner. The two wheeler ownership transfer process primarily involves transfer of ownership and transfer of motor insurance policy while notifying the RTO about the sale of your motorcycle or scooter. Missing any documents at the time of transfer may hinder the whole process. Following are the things to be done while transferring the ownership of your 2 wheeler.

  • Handover All The Relevant Documents - There are certain documents required to transfer the ownership of a motorcycle. All the relevant documents such as Form 28 (NOC), Form 29 (Transfer of ownership), Form 30 (Intimation or report of transfer), a copy of your two-wheeler insurance policy, PUC and RC are to be transferred to the buyer of your vehicle.
  • Inform The RTO - While making the sale, the RTO has to be intimated. With the transfer of all the above-mentioned documents to the buyer, the ownership will be transferred.

Bike Insurance Transfer Process

Other than transferring the ownership of your two-wheeler, the insurance policy is also to be transferred to the new owner of your vehicle. The same can be done by following the steps mentioned below:

  • Approach your two-wheeler insurance provider and inform them about the sale of your vehicle. You should collect a No Claim Bonus (NCB) Certificate which will remain in your name and will not be transferred to the new owner of the vehicle. You may avail a considerable discount on your next motor insurance policy using the No Claim Bonus Certificate.
  • The new owner of the vehicle should approach the insurance provider and update their personal details in the existing policy.
  • Do inform the RTO of your vehicle’s ownership transfer.

Benefits Of Transferring Your Insurance Policy

A lot of people assume end of responsibility once they sell their two-wheelers. However, there could be legal complications and ambiguities if the paperwork of the sale is not given the right attention. The process may seem like a lot of work but carries a lot of importance to prevent yourself from any liabilities that may result from the actions of the new owner of the vehicle. While it is important to handover all vehicle-related documents to the buyer, it is also important to transfer the insurance policy. The same may have the following benefits:

  • Guarding Against Future Liabilities– In case the new owner of the vehicle causes a damage to a third-person or their properties, a third-party insurance claim may be filed. Now if you haven’t transferred the ownership of your vehicle and the insurance policy, you would be named in your policy and will be held legally liable. To prevent yourself from such troubles, you must ensure that all the documents including the insurance policy are properly transferred to the buyer of your old vehicle.
  • Making Use of the No Claim Bonus – If you have not made any claims on your two-wheeler insurance policy during the preceding year, you are eligible to get a No Claim Bonus (NCB) from your insurance provider. NCB is an incentive offered to you by your insurance provider for riding safe and making no claims. When you transfer the ownership of your vehicle, do inform your insurer about the same and collect a No Claim Bonus Certificate which will help you avail discounts on your premium the next time you buy a two-wheeler insurance policy.

    While selling your old two-wheeler to any person, be sure that you complete all the paperwork, inform the RTO through the right process and transfer all the relevant documents including your insurance policy to the buyer of your motorcycle or scooter.

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