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  • Paperwork Required When You Buy a Used Motorcycle

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    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.

    Products you might be Interested

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      "Good protection for two wheeler"
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    • Bharti Axa Two Wheeler Insurance
      " Its convenient policy renewal"
      0.5 5.0/5 "Blown Away!"
      Its convenient to go head to chose all the options, they have option to increase the IDV, even the premium is good. I have been experience with Bharti axa two wheeler policy around five years, whenever I renew the policy I get the no claim bonus.
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      , bangalore
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    • National Insurance Two Wheeler Insurance
      "Average Policy"
      0.5 3.0/5 "Satisfactory"
      I did not have any claim experience with National two wheeler insurance. I have not spoke with the customer care service as of now. I made a premium amount of Rs. 1400 for one year. The reason for selecting the National insurance is when i purchase a bike from dealer who provided the policy with National and i'm continuing the same. They have given a value of the bike is Rs. 55K.
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      , chennai
      Reviewed on Nov 13, 2018
    • National Insurance Two Wheeler Insurance
      "Good"
      0.5 4.0/5 "Great!"
      When I purchased the Honda Activa bike at that time they provided an insurance. It is a one year policy. One of my friend is working there so he will takes care of my policy. If anything goes wrong,they will recover 70% to 80% of the damage, remaining 20% from my end.I am planning to renew the policy again with National Insurance.
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      , bangalore
      Reviewed on Nov 13, 2018
    • National Insurance Two Wheeler Insurance
      "Good Protection for two wheeler"
      0.5 5.0/5 "Blown Away!"
      As per IRDI policy, National Insurance is following the terms, the premium is reasonable, I have taken bike policy for three years now they do have five years plan. I have comprehensive plan its always better to go with full cover its good for us.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 12, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Need improvement on service"
      0.5 3.0/5 "Satisfactory"
      I have bike insurance with ICICI Lombard, I paid Rs.8700 for three years policy. It has third party plan with personal accidental. But the guys are not responsible, when they want to sell some thing they call , during queries they wont respond.
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      , hyderabad
      Reviewed on Nov 12, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Customer Policy"
      0.5 5.0/5 "Blown Away!"
      The customer service is good they are providing continuous follow up before expiring the policy they call and share the benefits on renewal. I have honda passion they gave me the best insured value its good. And providing good benefits on the policy.
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      , new delhi
      Reviewed on Nov 12, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      For my Dream Honda bike, ICICI Lombard gave me best insured value for the premium amount around Rs.1500 for one year. I got my policy documents on time. I have taken the comprehensive plan with first party cover, therefore I am satisfied with them.
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      , nagpur
      Reviewed on Nov 12, 2018
    • Royal Sundaram Two Wheeler Insurance
      "Better coverage"
      0.5 3.0/5 "Satisfactory"
      For my Yamaha R15 bike I took policy from Royal sundaram they gave me Rs. 70,000 of idv value for tenure of three years it was good. I purchased the bike for Rs. 1.3 lakhs, now it got good IDV value with third party liability cover, personal accident cover.
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      , chennai
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    • National Insurance Two Wheeler Insurance
      "Satisfactory policy"
      0.5 4.0/5 "Great!"
      I've purchased the two wheeler insurance policy for my TVS Wego bike. I have been holding the policy for last 1.5 years. I used to make the premium amount of Rs. 750 and i have got coverage amount of Rs. 40000. I renew the policy in their branch and i never faced any problems with this company.
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      , coimbatore
      Reviewed on Nov 12, 2018
    • National Insurance Two Wheeler Insurance
      "Good policy"
      0.5 3.0/5 "Satisfactory"
      I am using the National Insurance policy for my two wheeler for past 4 years. I have no claim experience as of now. Since its a Government based company, i have chosen the National Company. I pay the premium of Rs. 800. They have given me a value amount of Rs. 40000 and I'm happy about it. I used to visit the branch for renewing the policy.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 12, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good Protection for vehicle"
      0.5 3.0/5 "Satisfactory"
      Premium is reasonable for one year insurance policy, I have taken comprehensive plan with first party cover. I got policy copy on time, I am not sure about the claim. However Bajaj Allianz got tie up with many network service and I used to get msg for renewal.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 10, 2018
    • Bharti Axa Two Wheeler Insurance
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I took the insurance along with the bike purchase, I kept renewing my two wheeler insurance in Bharti Axa, the premium amount is economical in the market. The IDV value is good with the third party and personal accidental cover, I am okay with the benefits.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Average"
      0.5 2.0/5 "Expected more"
      I took a two wheeler insurance with Iffco Tokio. I am not satisfied with the service and benefits. I have contacted the customer support many times but there was no proper response. The claim experience is not good. I met an accident and the repairing charges of 6K but they have refunded me 2K. I paid 2200 rupees to purchase the policy for a year.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 10, 2018
    • Reliance General Two Wheeler Insurance
      "Premium should be ecnomical"
      0.5 2.5/5 "Just OK"
      My company have provided Reliance general insurance, they gave me full coverage. The plan which I taken is comprehensive with personal accident cover. I think the premium is costly compare to other insurance products. Remaining all good.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 09, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      Earlier I had Bajaj allianz bike insurance, now it got expired. Dealer gave me the insurance while I was purchasing the policy. The insurer gave me 100% of coverage, there was no claim experience. Comparatively I felt ICICI lombard is best than Bajaj Allianz.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 09, 2018
    • Bharti Axa Two Wheeler Insurance
      "Excellent for beginners"
      0.5 4.0/5 "Great!"
      Previously my two wheeler insurance was with Bharati Axa and am pretty much happy with the claim experience. But need to pay initially which am not satisfied. I have paid for zero depth, 3500 rupees for one year. The customer service executive is fine.
      Was this review helpful? 3
      , new delhi
      Reviewed on Nov 05, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Average"
      0.5 4.0/5 "Great!"
      I have chosen HDFC Ergo for good IDV and zero dep features. The customer service was pretty much good. The claim experience was not good, few of the times it was not covered. Till last year benefits are pretty much good, due to RBI changes now the premium has gone up. I paid around 5K for one year.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 05, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Its Better Protect"
      0.5 5.0/5 "Blown Away!"
      Bajaj Alliance two wheeler insurance processing is too fast, but when they deducted additional amount once from my account when I called them, they immediately return that amount. Their insured declared amount is good for my avenger bike. They got tie up with many service centers .
      Was this review helpful? 3
      , hyderabad
      Reviewed on Nov 05, 2018
    • Iffco Tokio Two Wheeler Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am using the two wheeler policy through the IFFCO TOKIO GENERAL INSURANCE from past 2012 but i have faced with none of the issues with this policy because it is a user friendly policy to use. I have not experienced with the claim with this policy.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 04, 2018
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