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Vehicle Sale Agreement Mumbai

by Simone / 14-04-2021
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Due to the terms of sale discussed, there would be no further disputes between the buyer and the seller, no issues related to the vehicle. Reciprocal promises and other valuable considerations will be exchanged. Perhaps the seller`s most important concern would be that the vehicle`s securities be transferred to the buyer as soon as possible. The absence of the latter could make the seller liable for injuries or accidents that occurred prior to such a transfer of ownership. All tralans for traffic violations are sent to the seller`s registered address. The worst nightmare for any seller would be the vehicle that lands in the hands of unscrupulous elements and is used for any criminal activity. Although such accusations may be refuted later, the pain and agony they initially engender are terrible. In order to avoid such unpleasant incidents in the future, it is advisable to obtain an affidavit for the sale of vehicles on behalf of the purchaser and to hold it in the possession of the seller. From the buyer`s point of view, choosing a used vehicle has its own advantages – if the vehicle is reasonably new. For example, there are no high registration or insurance fees to pay, as is the case for new vehicles. It is a document made on behalf of the car buyer and is documented by the public notary. This is an agreement to transfer all liabilities from the vehicle to the buyer. After the date of signing this contract and after the transfer of the RC to the final purchaser, all risks related to the vehicle are transferred to the buyer.

This document can be used as proof that you have given the vehicle to the buyer. “If they are not there, they will reduce the resale value of your car.” Generally known as a pollution certificate under control, it is important because it certifies that your vehicle`s toxic chemical emissions are under control. It is carried out on the basis of smoke and emissions tests for petrol, diesel and CNG vehicles, while battery-powered vehicles are excluded from the test. You can have your PUC test performed at any approved test centre or on authorized gas pumps. The cost of the PUC is very low and is between 60 and 100 INR. An affidavit for the sale of vehicles is a document drawn up and sworn in the name of the purchaser and generally certified by a notary. He mentions the sale and the details of the delivery. And on the responsibilities of the buyer in the transfer of securities and liabilities with respect to violations committed after delivery and up to such a transfer. All vehicle information is mentioned, including license plates, manufacturing, year, registration validity, lifetime tax paid, insurance details, among others.

Full Stack Web Developer and Audio Engineer. Ha collaborato a diversi progetti con l'Istituto Nazionale di Fisica Nucleare (INFN-LNF) e un progetto sulle reti neurali in compartecipazione con: Università di Roma Tor Vergata, Centro di Tecnologia Biomedica di Madrid, Università Complutense e Politecnico di Madrid.

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