Selling a Car in India
All you need to know when it comes to selling a car in India…
Cars are in demand by the middle and upper classes of Indian society. Imported cars are seen as a status symbol, and many people will pay premium prices for them.
Where to Sell
Cars for sale can be advertised in local and national newspapers. National newspapers are widely circulated in the cities and big towns, but they charge for classified adverts. Local newspapers in both English and in the local language(s), covering specific areas of a city, often do not charge. Links to local and national newspapers can be found online:
- Commercial site Online Newspapers has a comprehensive listing of local and national Indian newspapers: Click here
Adverts for cars are commonly placed online, and there are several sites popular for selling a vehicle. These websites charge fees:
These less specialist websites do not charge fees to advertise:
Local automobile agents or brokers will help to sell a used car, charging a commission, usually 2 percent of the vehicle’s final sale price. Authorised car dealerships may buy back their old models at around market value (based on the age of the vehicle), but it is often more profitable to sell the car independently.
Vehicle transfer papers should be exchanged only after the buyer has paid for the vehicle in full, after cheques or money orders have been cleared by the bank. It is inadvisable to accept partial payments for cars. Get the buyer to provide official address proof and identity proof before handing over the vehicle transfer papers.
The following documents must be filled out, signed and given to the buyer. Whether the buyer must submit the original document or a copy to their Regional Transit Office or Authority (RTO or RTA) is indicated in the table.
|Form number/Title||Required by buyer’s RTA/RTO|
|#29 Notice of transfer of ownership of vehicle||Original|
|#28 Application for No Objection Certificate (NOC) and grant certificate (if the buyer is from somewhere with a different RTO)||Original|
|#30 Notice of transfer of ownership of vehicle||Original|
|#35 NOC from finance company (if the seller’s car loan has not been paid off at the time of sale)||Original|
|Documents on taxes submitted to RTO/RTA||Original|
|Permanent Registration Certificate||Original|
|Car insurance policy (if included in the deal)|
|Owner’s manual for the car|
|Car invoice (if available)||Copy|
|Pollution Under Control (PUC) certificate||Original|
The numbered forms are required by the RTO or RTA. They can be downloaded online from each state authority’s website.
- Further information on transfer of vehicle ownership and the required forms can be found on each state government’s RTO or RTA website.
After the car has been delivered, the seller should keep:
- Copies of forms 28, 29, 30 and 35
- Original delivery receipt
- A copy of the buyer’s photo ID
- A copy of the Permanent Registration Certificate
- The original car invoice