When you exchange your earlier car at the dealer point while buying a brand new Maruti/ VW/ Toyota/ Hyundai/ Mahindra/ Tata or any other car of your choice, you don't sell to Maruti True Value or whoever. Although the value of your erstwhile car has been adjusted with that of your new car, in legal terms you have simply handed over (not sold) your earlier car to a channel partner of Maruti, etc. You might even possess a delivery note with date and details of chasis number and engine number of your earlier car.
However, the sale is NOT over till such time mParivahan continues to show your name as the legal owner of your old car.
Maruti True Value, VW DasAuto, Toyota Trust, etc are plain and simple no better than the hole in the wall pre-owned car dealers which have opened shops all India. The onus is on you to ensure that the ownership change takes place at the earliest.
Personally, I will never want to sign on the dotted lines of Forms 29 and 30 unless the name of the buyer is filled in and signed copies of proof of address and identity of the buyer of my earlier car is handed over to me.
If you feel that I am over reacting or am scaring you unnecessarily, you are wrong. Even after a decade or more you might land yourself in untold worries. Friends, I personally want you to remain safe.
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* Transfer Of Ownership
* Indian Roadie Safety Tips
* Used Cars Buying And Selling
* PreOwned Car Market Reality
* Indian Roadie PreOwned Car Buying Hacks
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