With the increase in the income of the people and continuous introduction of new versions of cars, it is common for people to sell their old car and buy new ones. If you are trying to sell your old car it is important to assure that you shall not be liable for it in any way after you have sold it. As the car which was previously in your name would be driven by someone else and proper precautions are not taken,you may be affected by it. Thus, it is important to ensure that you do not have any legal responsibility towards the car after you have sold it. In case your previous vehicle has been found to be involved in any illegal activity, it is important to immediately contact an experienced Criminal Lawyer In Gurgaon, so as to understand the proper legal procedure which you have to follow to ensure your safety.
What to do if the car has been found to be involved in some illegal activity?
If the car sold was legally transferred to the name of the buyer and all required documentary proof are up to date, which could prove that the car has been sold to the buyer, in such a situation even if any criminal activity took place with the help of the car, you will not be held responsible or liable for it. To understand
To properly or to have detailed information on the legal provisions involved in such a case, it is advised to seek the legal opinion of an experienced Criminal Lawyer In Noida or a Criminal Lawyer In Ghaziabad or your own city.
Important documents required to sell a car-
Papers should be signed after receiving full payment- where use documents are required to be signed during the sale of a car, thus it is important to sign the papers after you have received the payment in full.
Ask for ID proof and address, proof of the buyer- this could be a copy of his passport, driver licence or any other document.
Necessary documents as well as the duplicate of them is required to be given to the buyer- documents such as and OC, notice of transfer of cars owner, report of the transfer of vehicle ownership, original registration certificate, any document from the RTO related to the tax, insurance policy if it is included in the deal, or any other such document.
Other than the documents mentioned above, some other documents of the car are required to be kept by the original owner with him, these may include the original car invoice, the copy of the vehicle's RTO tax papers, registration, Insurance policy,etc.
After the sale of the car
For your own security and safety some additional work is required to be done after you have sold your car-
Informing the RTO- as per the provision of the law, you will be held accountable for any unwanted accident or illegal activity which took place with the help of your car as long as it has been registered in your name. Therefore, it is important to inform the RTO after the sale of your car. Within a period of 14 days, the copy of all the relevant documents should be sent, which are in your position through a registered post. After the delivery has been acknowledged, you will be indemnified of all the liabilities associated with the car you have sold.
Informing the insurance company- it is necessary to inform the insurance company of the change in the title of the ownership, especially if the insurance was included in the transfer of ownership.
To take the updated RC from the buyer- it is important to ask the buyer for the updated RC as it is important to keep the updated RC with other documents of the car.
Conclusion
It is the seller's responsibility to follow through the proper procedure after the sale of his car, so as to ensure that he has no liability after the car has been sold. In case you are facing a similar situation where your old car is involved in some illegal activity, you may contact us at Lead India, as we offer experienced advocates who have years long experience in dealing with the same.
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