Document List for Second Hand Bike Purchase
Purchasing a vehicle is a herculean task. No matter if it is a two-wheeler or a four-wheeler, new or second hand, you need to pay attention to the documentation to the Tee.
That is why it is very important that you purchase your second hand bikes and motor vehicles from verified, certified, and qualified companies like BeepKart. They will help you with the entire documentation process with zero hassle.
Still, it is necessary to know what are the documents required for second hand bike purchase so you know what to look for. This article will help you identify them.
List of documents required for second hand bike purchase
There is a long list of documents that you require when you take possession of a bike, especially a second hand one. Let’s take a look at what the seller has to provide:
- The RC book or the Registration Certificate of the bike
- A valid bike insurance plan
- NOC (No Objection Certificate) if the bike was erstwhile taken on a loan
- The PUC (Pollution Under Control) certification for the vehicle.
- Two signed copies of Form 29 and one signed copy of Form 30 are to be submitted to the RTO (Regional Transport Office) for documenting the legal transfer of the bike’s ownership.
The buyer must also have their documents required for second hand bike purchase to transfer the same in his name, which is as follows:
- A photo identity proof (such as PAN Card, Aadhar Card, Passport, Driving License, etc.)
- Proof of address
Forms to be submitted to the RTO
There are 2 forms to be submitted to the RTO when purchasing a second hand bike. They are Form 29 and Form 30, each with a specific purpose served. Here’s what they are:
Form 29The original seller of the bike needs to provide 2 signed copies of Form 29 along with the papers of the bike for registering the transfer of ownership of the bike to the buyer. Both the forms need to be submitted at the RTO
Form 30TAs an extension of Form 29, Form 30 is also used to accredit the purchase and transfer of ownership of the bike and one copy of this form must be submitted to the RTO.
Form 35If the bike was originally purchased on a loan, then Form 35 needs to be submitted along with the NOC (No Objection Certificate) from the bank for transfer of ownership of the bike to the new buyer.
Importance of the documents required for second hand bike purchase
Every document required for second hand bike purchase serves a specific purpose. Here’s what they are:
The RC or the Registration Certification bookIt proves that the vehicle is properly registered with the authorities at the Regional Transport Office. It also shows the chain of ownership for the bike. This way, if you get pulled over, you can prove that the current ownership belongs to you with no conflicts. It also shows the specifications of the vehicle.
You need to match the chassis number of the bike with the registration certificate of the bike to confirm its validity.
A Valid Bike Insurance policyIt is an absolute must if you want to ride your second hand bike or any motorized two-wheeler vehicle on Indian Roads. It is prescribed under the addendum for vehicular insurance policy and you have to register the insurance with the RTO. Thus, you need to have a valid Bike Insurance Plan along with the second-hand bike. It could be:
- Third party insurance plan, which is legally mandated by the Government of India. This type of insurance plan covers all the legal liabilities of the bike to a third party vehicle, property or person, but doesn't provide coverage to its own damages.
- b. A comprehensive insurance plan provides third party legal liability coverage along with the own damage protection of the bike.
The PUC or the ‘Pollution Under Control’ certificationIt is an authorization that the bike that you are purchasing has passed the Pollution Test. Therefore, it does not contribute heavily to carbon footprint or degradation of the environment. This certificate has an expiry date so keep an eye on that and remember to periodically have the bike tested when the certificate expires.
If the PUC of the bike is not provided, you can easily get it done from any of the registered PUC test centers at a petrol pump.
The NOC or No Objection CertificateIf the bike was taken on a loan, the loan needs to be repaid and a NOC needs to be obtained before selling the bike. Thus, Form 35 along with a NOC from the bank needs to be provided so that there is no outstanding loan on the bike at the time of sale. Once Form 35 is submitted at the RTO, the “hypothecation” on the bike would be removed.
Form 29 and Form 30Two copies of Form 29 and one copy of Form 30 need to be registered with the RTO for registering the change of ownership. The seller as well as the buyer needs to sign the documents.
These are the documents required for second hand bike purchase to be provided by the seller. The buyer needs to provide his KYC documents such as photo identity proof and residential address proof. A passport, Aadhar Card and Driving License can suffice for both.
The Aadhaar card works best as they serve as proof of identity as well as an address proof. However, if the listed address on the Aadhaar card does not match the buyer’s residential address, then he/she must provide proof for his/her current residential address as well. It can be a house deed, rental agreement, utility bill, etc. or anything else that is legally valid.
The BeepKart advantage:
BeepKart provides assistance to the completion of all this documentation on your behalf by collecting all necessary KYC and other documents from both the buyer and the seller and submitting the same at the RTO for the legal transfer of ownership of the bike. So, there is very little that you need to worry about as BeepKart assists you on all the proper and legal formalities with the documentation!
FAQs about BeepKart
Which is the most affordable bike under 350CC?Here are a few tips that you can follow for the legit transference of ownership for a second hand bike:
- Check for valid RC, valid insurance and PUC along with the signed copies of Form 29 and 30
- If the vehicle is sold because the original owner passed away, check that the proof of death and succession certificates were successfully registered with the RTO.
- Make sure that the bike is entirely devoid of any loans and mortgages that the original owner might have had. Form 35 is needed if the bike was hypothecated to the bank as against a loan.
- Fill out and submit the transfer application at the earliest. BeepKart would assist here.
- Submit copies of government-certified documentation for quick processing; Remember to keep a photocopy of the acknowledgement
- Pay the small fees levied by the RTO for the transfer of ownership.
What is the process for transferring bike insurance?Once the legal ownership is transferred by the RTO to the new owner, the buyer will be required to contact the insurance company for a transfer of the bike insurance policy by submitting a copy of the new RC book.
What are the benefits of transferring a bike insurance policy?In India, it is illegal to ride a two-wheeler without updated insurance. Additionally, if the new owner meets with an accident, the insurance companies will refuse to pay for any damages unless the documents are in place.
Therefore, transferring the bike insurance policy to the new owner serves to help them attain the necessary assistance from the insurance company and avoid possible jail time.