If your vehicle has been funded, you will need a noC from the bank and Form 35 to complete the vehicle transfer process. This removes “Hypothecation” from your RC, which must prove that you have repaid the entire loan. Form 35 can be downloaded from VAHAN`s website and the completed copy must be filed with the bank. The NOC and stamped Form 35 are required for the successful sale of your vehicle. There are a few forms issued by RTO that are required to sell your used car. These forms, which contain forms 28, 29, 30 and 35, can be downloaded from VAHAN`s website or are even available offline from your local OTR. You must provide the RTO with completed copies of these forms in order to complete the car sales process. Form 30 is a confirmation of Form 29. After informing the RTO of the sale of your vehicle, you must inform the RTO concerned that the official handover of the owner of your vehicle must take place as soon as possible. It is written in this form that all the legal ties and responsibilities that came from your car property are now the headaches of the new buyer. It includes aspects such as the financial agreement, if at all.
You must submit this form to the RTO within 14 days of the sale of your vehicle. Two copies of Form 30 are required. You can either download Form 30 from here or retrieve it from the nearest RTO. When buying a used car, you will need some of the above forms for transferring ownership of the vehicle. This form is necessary to inform the RTO that your car is being sold to another party. Two copies of Form 29 are required. In this form, it is clearly stated that the owner has provided the new owner with all documents relating to the vehicle, such as RC, Insurance and PUC. This document can be downloaded here or even collected from the local RTO. Form 28 is required to obtain a no-objection certificate (NOC) from your car`s registrar. It is also necessary to prove that you do not have debts that can prevent you from legally selling your vehicle.
Form 28, also known as the NOC form, states that all legality regarding your car has been upheld, meaning there are no unpaid taxes, challans or FIR on your vehicle. You will need three copies of Form 28 when you sell your used vehicle. Do you know in detail about the transfer of car ownership in different cities.