With the rising new car values, the market
is gradually inclining more and more towards used cars or second hand cars. In
fact you will often find your financial advisor telling you the same. So the
rampant demand of used cars in the market is a boon for a lot of people. It is
helpful to the sellers and also the buyers who now can own good and comfortable
cars at prices.
But it is not easy to sell a car and it
becomes even more difficult when the RC is damaged.
The very first question would be – WHAT
IS AN RC?
Registration certificate (RC) is the
identity of your vehicle containing all the vital information related to your
car such as the chassis number, make, model, colour, date of manufacture etc.
If your RC has any misprints, defects that make the contents illegible, or the
same is lost then it becomes difficult for you to seal a legal with pertaining
to your car. So, until you get a duplicate RC made, you will not be able to
legally sell and transfer your car’s ownership.
What an RC contains:
·
Registration Number
·
Registration Date
·
Ownership Serial Number
·
Chassis Number
·
Engine Number
·
Hypothecation (Loan) status
·
RC Chip
·
Vehicle Class
·
Customer Details
·
Car Details
·
RTO Details
·
Road Tax Details
Selling a car with a damaged RC is a
two-step process.
1.
Firstly, you need to procure
the documents that are needed to sell a car.
2.
Secondly, you need to collect a
specific form (FORM 26) which is needed to get a new RC.
The documents required to sell a car would
include –
INDIVIDUAL DOCUMENTS REQUIRED TO SELL A CAR
·
PAN Card
·
Address Proof
·
Passport Size Photographs
RTO DOCUMENTS REQUIRED TO SELL A CAR
·
Form 28
·
Form 29
·
Form 30
CAR DOCUMENTS REQUIRED TO SELL A CAR
·
RC
·
PUC
·
Insurance
Now you have to go through a whole process
to get a new RC and one needs to know in what cases, applying for a new RC is
an absolute necessity:
·
If the seller’s details on
the RC contain factual inconsistency - if the seller’s
details are misprinted on the RC at the time of the transaction, then one needs
to submit an affidavit stating the correct details along with an ID proof. A
fully filled Form 26 is required in this case.
·
If the car’s details are not
printed correctly on the RC - If the car’s details
are misprinted on an RC then, a copy of the original invoice of the car needs
to be submitted along with other documents when one plans to sell the car. A
duly filled Form 26 needs to be submitted along with other documents too.
·
If the RC is damaged
·
If the RC is lost
Now, in case of a lost RC, an FIR (first
information report) needs to be files and then submit a copy of the FIR along
with FORM 26. Two duly filled copies of FORM 26 are required to be submitted
along with the other documents when you plan to sell a car with damaged RC.
