A vehicle is necessary in our life.There are a lot of people who have their own vehicles. As our cities grow,the rate of ownership of a car also increases. It is a lifetime investment. It ensures your health in this pandemic, by owning a vehicle. Public Transportation gives you more risk of infection. Vehicles are easily accessible during emergency situations. Everyone is interested in buying old cars. There are some legal implications in changing the ownership of cars.
Vehicle ownership requires fewer permits. The owner of a vehicle is a person that bought the vehicle. Ownership of a vehicle is the process of purchasing a car. Car owners should maintain their vehicles to a safe condition. If they don’t keep the vehicle in safe working condition, they could be responsible for an accident.
There are three types of documents in the registration. The buyer of a vehicle needs form.The first paper you need is to collect the transfer of ownership paper in the office. The change of ownership needs fees .You should remember the transfer of the vehicle insurance policy,icy. In the transfer of ownership process, the name of the buyer is recorded as the registered owner instead of the earlier owner .
If the registered owner of the vehicle dies,transfer of ownership is very effective in the name of legal heirs .When a vehicle is sold in public auction, the name of buyer recorded as a registered owner.you should change the name of the owner of the vehicle in the RC book and insurance. If you give Rc book to the RT office to change the owner’s name,after 14 days you should change the name in the insurance. Otherwise you will not get any insurance coverage from the insurance companies.
Documents
- Registration certificate
- Pollution certificate
- Insurance certificate
- FORM 30
- Receipt
We can see how to change the ownership of a vehicle. Visit the motor vehicle department web portal in Google. Select vehicle option. Then select transfer of ownership button.click apply online option. Select the RTO office. Then type the registration number and enter the last five digits of the chassis number .We can see all details of our vehicle. We should enter the buyer’s details. Then save the details. We will get a transfer ownership receipt. You can pay the amount through the treasury. Select the bank and you will get a number. After the payment, you will get a receipt. You can give it to the insurance company to change the RC ownership of the vehicle. You should give an envelope with it.