Two Wheeler Ownership Transfer

According to the report by Mordor Intelligence, the market for used cars is estimated to reach 75 million USD by 2023. Acquiring a second-hand car is an option which interests a lot of Indians. Buying a used car has many benefits such as spending less money while buying a new vehicle, reduced insurance cost, lower interest rates, etc. However, buying a second-hand car is a complex process which requires the buyer to verify many factors which could affect the quality of the vehicle.

Documents Required to Transfer Two-Wheeler Ownership

• RC (Registration Certificate): Fill Form 29 and Form 30 with all the necessary details and submit it to the RTO to transfer the vehicle to your name. If the car has been registered in a different jurisdiction then NOC must be obtained from that particular jurisdiction. After 45 days of submission of the forms, a new RC with the name of the buyer will be sent to the registered address.

• Pollution Certificate: The Pollution certificate states that the two-wheeler is fit to drive on the public roads. It asserts that the vehicle has been checked and the pollution is under control. This certificate also must be transferred in the name of the new owner of the vehicle.

• Insurance Certificate: You must transfer the insurance policy to your name even if the RC has already been transferred to your name. You can't claim the insurance if the policy is in the name of the previous owner.

• The receipts of Form 29 and Form 30 can be submitted for transferring name in the insurance policy from the seller to the buyer of the used car. You can take the help of the officials of the insurance company from which the insurance was bought.

• If the two-wheeler didn't have an insurance policy before, then you can buy a new insurance policy registered in your name.

Forms That Need to Be Submitted

• Form 28: It is the No-Objection Certificate from the financier. The applicant has to submit three copies of Form 28 in the local RTO.

• Form 29: Form 29 informs the RTO about the sale of the vehicle. The applicant must submit two copies of Form 29 at the local RTO.

• Form 30: Form 30 must be duly filled and submitted by the buyer. The buyer needs to submit two copies of Form 30 in the local RTO.