Car sell
som dg
(Querist) 11 January 2015
This query is : Resolved
My friend bought a second-hand-car few days ago. Due to some family issues , my friend now want to sell the car. He has not transferred the ownership of the car yet. Now he don't want to transfer the car's ownership in his name as it will increase the number of ownership.But he thinks that he can't sell the car as he is not the registered owner of the car yet.
If he gets a Power of Attorney from the previous owner , will it help him to sell the car without being the registered owner?
Moreover , will it be legal to do so ? If No, then what will be the best way to sell the car ?
Thank you.
Thanks to all the person who answered my question.
One more thing ; He can sell the car and receive the "delivery certificate". But can he give the party (whom he is selling the car) a "Money Receipt" that he is taking the money for selling that car?
Guest
(Expert) 11 January 2015
Dear author,First Consult Local Good Car Brokers Or Dealers in Second Hand Car who would be able to Simplify your Issue and Help You.
Rajendra K Goyal
(Expert) 11 January 2015
He can get the car directly transferred in the name of prospective buyer.
ajay sethi
(Expert) 11 January 2015
he must be having the original documents of the car and other forms filled in by the seller . he can sell car directly to third party .
malipeddi jaggarao
(Expert) 12 January 2015
Your friend bought second hand car and it is not yet registered. That means he might have obtained blank transfer forms. In that case, they can be used and your friend can sell the car and he need not a party. Those documents are enough. No power of attorney is required.
Dr J C Vashista
(Expert) 12 January 2015
I agree with the expert Mr. Malipeddi Jaggarao.
You may get it transferred directly from the seller (to you) and buyer (from you) where you will be functioning actively as facilitator in getting it registered/ transferred in the name of buyer.
However, you shall be liable for any dues (pending taxes, challan, insurance premium and/or pollution control certificate etc.)when you had been in physical possession of the car.
Don't forget to receive "delivery certificate" from the purchaser and retain it in your record.
som dg
(Querist) 14 January 2015
Thanks to all the person who answered my question.
One more thing ; He can sell the car and receive the "delivery certificate". But can he give the party (whom he is selling the car) a "Money Receipt" that he is taking the money for selling that car? Would it be legal ?
Thank you.
Guest
(Expert) 14 January 2015
Dear Author,Have you not Received Receipt during your Purchase.Obviously you could Issue the Receipt and Retain the Receipt of Original Owner signed with you.
T. Kalaiselvan, Advocate
(Expert) 15 January 2015
Issuing a money receipt will not be a big legal issue when he he is selling the car directly to the prospective buyer, you can go ahead.
