How Long Should You Wait Before Selling A Vehicle?

[startyourengines]

What is the duration we have to wait before selling car that was recently bought and registered. I am talking about the second hand cars. Is that rule where you have to wait for six months after registration to sell your car, still in practice??

Thanks folks

[VVTi]

Think if you get it done on One Day service you have to wait for 6 months, but any other method there is no issue. Call RMV hotline and find out and post your findings, please.

[startyourengines]

yeah, will do that...

[carboy2011]

also the letter of consent from previous owner does that apply to normal transfers or just applicable for 1 day transfers?

[Komisiripala]

You need the letter of consent men. For any transfer!!

[Crosswind]

For one-day transfer, you need:

Original CR

VIC (if applicable)

Valid revenue license

Luxury tax receipts (if applicable)

Diesel tax receipts (if applicable)

Tax clearance certificate for the buyer (only applicable for the first transfer of permit vehicles)

TWO pages of the signed MTA6

Photocopy of the revenue license

Two photos of the buyer, signed by a lawyer/any JP/gramasevaka

Photocopy of the NIC of the seller, signed by a lawyer/JP of the area/gramasevaka of the area

Photocopy of the NIC of the buyer

No objection letter by the seller, countersigned by a lawyer/JP of the area/gramasevaka of the area

If there has been a one-day transfer less than 6 months ago, an affidavit signed by the seller (prepared by a lawyer) may be required

For Normal transfer:

Original CR

VIC (if applicable)

Valid revenue license

Luxury tax receipts (if applicable)

Diesel tax receipts (if applicable)

Tax clearance certificate for the buyer (only applicable for the first transfer of permit vehicles)

One page of the signed MTA6

Photocopy of the revenue license

Two photos of the buyer, signed by a lawyer/any JP/gramasevaka

Photocopy of the NIC of the buyer

In addition to this, if the seller is a company/government organization, you will need some documents from the selling organization, such as BRC copy and Form 20 copy.

[carboy2011]

For one-day transfer, you need:

Original CR

VIC (if applicable)

Valid revenue license

Luxury tax receipts (if applicable)

Diesel tax receipts (if applicable)

Tax clearance certificate for the buyer (only applicable for the first transfer of permit vehicles)

TWO pages of the signed MTA6

Photocopy of the revenue license

Two photos of the buyer, signed by a lawyer/any JP/gramasevaka

Photocopy of the NIC of the seller, signed by a lawyer/JP of the area/gramasevaka of the area

Photocopy of the NIC of the buyer

No objection letter by the seller, countersigned by a lawyer/JP of the area/gramasevaka of the area

If there has been a one-day transfer less than 6 months ago, an affidavit signed by the seller (prepared by a lawyer) may be required

For Normal transfer:

Original CR

VIC (if applicable)

Valid revenue license

Luxury tax receipts (if applicable)

Diesel tax receipts (if applicable)

Tax clearance certificate for the buyer (only applicable for the first transfer of permit vehicles)

One page of the signed MTA6

Photocopy of the revenue license

Two photos of the buyer, signed by a lawyer/any JP/gramasevaka

Photocopy of the NIC of the buyer

In addition to this, if the seller is a company/government organization, you will need some documents from the selling organization, such as BRC copy and Form 20 copy.

Thanks Dude much appriciated

[SpeedyAsA]

For one-day transfer, you need:

Original CR

VIC (if applicable)

Valid revenue license

Luxury tax receipts (if applicable)

Diesel tax receipts (if applicable)

Tax clearance certificate for the buyer (only applicable for the first transfer of permit vehicles)

TWO pages of the signed MTA6

Photocopy of the revenue license

Two photos of the buyer, signed by a lawyer/any JP/gramasevaka

Photocopy of the NIC of the seller, signed by a lawyer/JP of the area/gramasevaka of the area

Photocopy of the NIC of the buyer

No objection letter by the seller, countersigned by a lawyer/JP of the area/gramasevaka of the area

If there has been a one-day transfer less than 6 months ago, an affidavit signed by the seller (prepared by a lawyer) may be required

For Normal transfer:

Original CR

VIC (if applicable)

Valid revenue license

Luxury tax receipts (if applicable)

Diesel tax receipts (if applicable)

Tax clearance certificate for the buyer (only applicable for the first transfer of permit vehicles)

One page of the signed MTA6

Photocopy of the revenue license

Two photos of the buyer, signed by a lawyer/any JP/gramasevaka

Photocopy of the NIC of the buyer

In addition to this, if the seller is a company/government organization, you will need some documents from the selling organization, such as BRC copy and Form 20 copy.

Wow. Thanks Crosswind. Very much informative.

[startyourengines]

Okay so I went to RMV and asked them about this.... and as VVTi stated, if its a one day service, one cannot sell the vehicle for 6 months whereas, if it was a normal service... you can sell it the very next day... of course, once you get the book in hand which takes approximately 2 months.

Cheers

[Warlord]

Okay so I went to RMV and asked them about this.... and as VVTi stated, if its a one day service, one cannot sell the vehicle for 6 months whereas, if it was a normal service... you can sell it the very next day... of course, once you get the book in hand which takes approximately 2 months.

Cheers

Are u sure? AFAIK, if a vehicle had undergone a one day title transfer , until six months it cannot undergo a second one day transfer. A normal transfer is valid. I'm not aware of a ban on selling the vehicle for 06 months. Actually I did this for my 212 where it had 02 transfers within 06 months , as the guy whom I got it from had it on open papers.

Edited December 1, 2013 by Warlord