Top 05 Procedures for Buying Used Cars You Should Know

Top 05 Procedures for Buying Used Cars You Should Know 2

 Procedures for Buying Used Cars Need to Understand

If you're buying a new car, the paperwork is simple and quick. But there are many things to keep in mind when you decide to buy a used car. In this article, we share 5 important things you need to know when you want to buy a used car.

  1. Prepare necessary paperwork
Buyer Seller
  • ID card
  • Registration book
  • Money to buy a car
  • Vehicle title transfer fee
  • Car registration certificate
  • Car registration book
  • Car insurance (if applicable)
  • ID card
  • Registration book
  1. Notarization of car sales contract

After the buyer has carefully reviewed the vehicle's condition, vehicle documents and negotiated the selling price, the two parties will notarize the car sale contract at an optional notary office.

* Note: In case the two parties buy and sell in two different provinces, the buyer needs to ask the seller to withdraw all the original documents of the vehicle at the police station where the car is registered. This is mandatory, otherwise the buyer will not be able to register the change of name.

  1. Pay registration tax for cars

The registration fee calculation rate is based on the vehicle use time from the year of manufacture (year of manufacture is counted as 1 year) as a percentage of the value of new vehicles of the same type

Used Time Ratio % 
is 1 years 85%
1 - 3 year 70%
3 - 6 year 50%
6 - 10 years 30%
Over 10 years 20%
  1. Procedures for change of owner's name

+ Buyers bring all records and registration tax invoices to the vehicle registration police office for registration procedures.

+ The police agency issues the car registration declaration form. (This declaration needs the car seller's signature, so the buyer needs to negotiate with the seller in advance about this)

+ If it is roaming, the car is immediately issued with a new number plate and is scheduled to pick up the vehicle registration date.

  1. Examination of circulation and exchange of circulation books

+ If the buyer and seller have permanent residence in the same province, the buyer can use the car until the end of the period of circulation indicated on the registration book and the inspection stamp. .

+ In case of roaming, after receiving a new car registration under his name, the buyer goes to the registration station to change the registration book and check the circulation of the vehicle.

Hopefully these shares will help those of you who want to buy a used car to prepare some knowledge in advance to quickly complete the procedure to bring your pet home. Wish you buy the best car for yourself!

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