Many of us buy or sell motorcycles for use. But many people do not know the correct method of buying and selling motorcycles and what documents are required.
Let's see what to do when buying or selling a motorcycle>
After seeing the motorcycle from the seller, check the motorcycle paper, such as registration paper, fitness paper, photocopy of blue book by going to BRTA yourself.
If the paper is OK, check the engine number and chassis number with a mechanic.
If all goes well, please ask the seller to bring the following documents at the time of transaction.
If the buyer>
Seller's National Identity Card (Original T), which you will photocopy yourself. Don't ask for a photocopy.
Photocopy of the seller if he has any other ID card. Such as: Job ID card, varsity ID card.
2 copies of the seller passport size color photo. Behind which you will take the seller's signature in front of you.
Receipt of purchase of motorcycle. In other words, the receipt from the shop from which the motorcycle seller bought.
If the seller >>
Buyer's National Identity Card (Original T), which you will photocopy yourself. Don't ask for a photocopy.
2 copies of the buyer's passport size color photo. Behind which you will take the seller's signature in front of you.
What the buyer will do >>
At the stamp of Rs. 300 (do not stamp Rs. 150) download the contract from the link below and print it on 3 pages
Get the seller's signature twice on each page. On the very last page, the old finger of the seller's left hand will take the fingerprint with the seller's signature.
The seller will tell you not to take it and then take it. Note that signatures may be forged but fingerprints may not be forged. Remember to carry a fingerprint stamp ink pad in your pocket at the time of purchase.
Take the mobile number below the signature. Fill in the blanks on the stamp, especially the details of the seller.
The stamp has all the writing in a proper way. Then pay special attention to these writings >>
It is revealed that there was no lawsuit or mortgage in the bank when the car was in my / our name. It is also mentioned that if there is any problem in the change of ownership, I will be obliged to pay the first party at my own risk, subject to payment by the second party.
The 2nd party must transfer the name within the next 30 days, otherwise I will not be liable to the 1st party and from today onwards I will be responsible for all the liability of the car mentioned by the 2nd party.
If there is any disruption in the name transfer, then the 1st party will be obliged to remove it from the presence. ”
** When all the signatures are done, check the signature of the seller with the national identity card, registration paper, fitness paper and the signature of the seller of all the places. If all match then make this transaction.
It is better to have two people in the transaction. Suppose you put a trusted friend or brother away with money. You asked him to come over after all the paperwork was done.
You must get an affidavit (notary) from the lawyer about the contract. It will take 120 rupees.
** Make a photocopy of all the paper and leave a set in your home.
I have said many things… many will say there is no need to do so much but remember that all this is just a way to be careful. Don't be shy.
Thanks