How to do Transfer of Ownership After Buying a Used Car

How to do Transfer of Ownership After Buying a Used Car

6 May 2019
0 Comments

At the course of getting your car, there are some paperwork and forms you need to fill out in order to transfer the ownership of the vehicle. When buying your car from a licensed used-car dealer, your paperwork will be taken care of by the dealer. It’s not the same when buying from a private seller. Ensure you get the right documentation to avoid problems or issues.

So, you’re buying your new car but do not know the necessary steps to take in order to make the vehicle your personal property. Well, it’s easy. Follow the guidelines below and you’ll have no course to worry again.

  1. Get a Roadworthiness Certificate

A Roadworthiness Certificate is valid for only 21 days but it is very essential when registering your vehicle. The Roadworthiness Certificate can be gotten at any vehicle testing station around you. Documents like ID (Identification Document), Vehicle’s registration Certificate, associate fee and completed form of Application for Roadworthiness Certificate (ACR).

  1. Sign The Sales Agreement

Though a sales agreement is not obligatory, it is very crucial to have it in order to have proof and address issues that may arise with confidence. Existing faults should be stated in the sales agreement for the purposes of the Consumer Protection Act.

  1. Get Your Car Insured

Before making a vehicle your own, ensure to take out a comprehensive insurance policy that you can easily afford. This is important because the seller of the vehicle would have cancelled the former insurance to free themselves of liability once the vehicle has been sold.

  1. Get a Notification of Change of Ownership

The Department of Transport should be notified of the change in address and ownership details when you become the new owner of a vehicle. The Notification of Change of Ownership form must be filled by the seller before you re-register the vehicle.

  1. Get Your Car Registered

After carrying out the actions in 1-4, the next thing is for you or the seller to visit a vehicle registration authority close to you in order to register your new car in your name. Go with the aforementioned documents- that is, your Identification Document, Roadworthy Certificate, Sales Agreement or Receipt, up-to-date and valid motor vehicle license, application fee and the completed form for registering and licencing a motor vehicle.

 

Add a comment

Your email address will not be published. Required fields are marked *

Carcentre.com.ng is a fast growing online car marketplace that connects car sellers/dealers with prospective buyers, making it easy for buyers to find sellers (vise versa).
Copyright © 2022 Carcentre.com.ng. All rights reserved.