How To Buy A Car With Open Papers ? (Safe Way)

[n00b]

I need to buy a car which open papers. What is the procedure. ? What are the risks and how to do it safely.

[wolseley]

You can buy it with open papers if the owner is willing to do so. But if I'm the seller I'll definitely wont give it with open papers. It's a great risk for the seller but not for the buyer at all. Remember selling vehicles with open papers is illegal and in any case the current registered owner will be responsible.

[Komisiripala]

RMV gave a grace period I avoid this. Now seller will have to pay a fine of up to 30,000 rupees I think to register it.

But if the signed transfer form

Isn't dated, you're good to go. You'll need a letter of consent from the signee. If that proves difficult, then bro you're up te creek

[Crosswind]

The way I understand it, you are worried about buying a car, which is currently having open papers.

If you are going through a leasing facility, don't worry. The leasing company will handle the whole procedure for you.

If you are buying it off cash, get the seller to go with you to RMV and do a one day transfer before paying cash to the seller

[n00b]

You can buy it with open papers if the owner is willing to do so. But if I'm the seller I'll definitely wont give it with open papers. It's a great risk for the seller but not for the buyer at all. Remember selling vehicles with open papers is illegal and in any case the current registered owner will be responsible.

No the problem is car i'm going to buy is still on open papers. Said he got it from friend. I feel its unsafe.

What should i do ? Can i trust him ?. how to do this safely ?

[n00b]

RMV gave a grace period I avoid this. Now seller will have to pay a fine of up to 30,000 rupees I think to register it.

But if the signed transfer form

Isn't dated, you're good to go. You'll need a letter of consent from the signee. If that proves difficult, then bro you're up te creek

Thanks Bro. But if its not dated can i trust him ? For the book owner of car will be someone and selling by someone else ne.

[n00b]

The way I understand it, you are worried about buying a car, which is currently having open papers.

If you are going through a leasing facility, don't worry. The leasing company will handle the whole procedure for you.

If you are buying it off cash, get the seller to go with you to RMV and do a one day transfer before paying cash to the seller

Yes bro exactly. This is my first car and i'm bit worried about it. Oki then i'll ask him to transfer it to my name before paying ?

[aamarakoon]

Yes bro exactly. This is my first car and i'm bit worried about it. Oki then i'll ask him to transfer it to my name before paying ?

Best is to go and meet the reg owner personally & get the papers filled. Check the NIC of the seller too. Who knows whether the registered owner is dead or alive. Problems could arise if you ever need to sign a document or so, and you may get some information about the car too.

[NILANTHAG]

Got these extracted from MOTOR TRAFFIC (AMENDMENT)ACT, NO. 8 OF 2009 http://www.motortraffic.gov.lk/web/images/stories/document/act_no%2008of2009_en.pdf

Hope it will help you in your decision

(5) Any person who submits an application for registration, which contains a forged signature or is accompanied by forged documents shall be guilty of an offence and shall on conviction be liable to a fine not less than ten thousand rupees and not exceeding fifteen thousand rupees. ”. “(2) On the change of possession of a motor vehicle upon a voluntary transfer made by the registered owner — (a) the registered owner shall, within fourteen days after such change of possession —

(i) transmit direct to the Commissioner General either by registered post or personal delivery, the duly perfected prescribed Form A ; and

(ii) shall deliver to the new owner the duly perfected prescribed Forms B, B1, C and C1, the Certificate of Registration relating to the motor vehicle or a duplicate thereof, and the revenue licence of that motor vehicle, and shall retain the duly perfected prescribed Form A1 as proof of change of possession ;

( such motor vehicle shall not be used at any time after fourteen days of such change of(3) (a) A registered owner who fails to inform the Commissioner-General of the change of possession within fourteen days shall be guilty of an offence and shall on conviction be liable to a fine not less than three thousand rupees and not exceeding six thousand rupees.

( The new owner of a motor vehicle who fails to apply within fourteen days after change of possession to be registered as the new owner shall be guilty of an offence and shall on conviction be liable to a fine not less than one hundred rupees for each day after the fourteenth day up to the forty fourth day of such failure.

© The new owner of a motor vehicle who fails to apply within forty four days after change of possession to be registered as the new owner shall be guilty of an offence and shall on conviction be liable to a fine not less than five thousand rupees and not exceeding ten thousand rupees.

(d) A registered owner or a new owner who submits any document which is forged or which contains a forged signature shall be guilty of an offence and shall on conviction be liable to a fine not less than ten thousand rupees, and not exceeding fifteen thousand rupees.

Further note : If I ever sell a vehicle registered in my name I will definitely inform the RMV immediately and see to that it is registered in the new owners name. Reason : if the person possessing the vehicle do some illegal act with it(say hit & run) I will become the first suspect to the act

In your case if I were you I would get seller to register the vehicle in his own name before purchasing from him

[NILANTHAG]

Forgot this

If the vehicle belongs to Luxury or Semi Luxury category see to that the relevant taxes are paid up to date. Otherwise you will have to pay all the pending taxes prior to transfer. If you can go to RMV you can obtain the tax details quite easily. Insurance guys might also be able to check since they are collecting on behalf of RMV

[n00b]

Thanks all

[Crosswind]

Best is to go and meet the reg owner personally & get the papers filled. Check the NIC of the seller too. Who knows whether the registered owner is dead or alive. Problems could arise if you ever need to sign a document or so, and you may get some information about the car too.

The seller is probably a buy and sell guy. Most of them are only interested in the margin. So the papers might be ok. It doesnt matter even if the original seller s dead, unless tere's a lawsuit (boodal nadu). Going with the seller to RMV will clear all that up.