Cars Q&A

I had bought a used Scorpio from the dealer. The transfer of ownership is in process. Almost 3 weeks are over but yet the RC book is not came. So normally how long does it take for transfer of ownership. Insurance is valid till Nov 2010 and i would like to transfer it in my name.So please suggest me that what is the procedure for it. Or is it fine , if i keep the insurance in the seller name till next renewal? But in this case, if i need to claim for anything then what is require from seller end. Regards, Pankaj R. Panchal

By Pankaj R Panchal 03 March 2010

Answers:

Expert`s comment:

Hi,
Generally the process of change of ownership can be done within 15 days.As it has already taken more than 3 weeks, it needs to be folowed up.It will always be bette to keep insurance in your name as for claiming its essential to take signature of the actual owner as mentioned in insurance policy.

Answer by Shiva Shankar 03 March 2010

Expert`s comment:

IF VEHICLE NOT HAVING LOAN IN RC BOOK THAN MAXIMUM 5WORKING DAYS TO NAME CHANGE AND IF IT IS IN LOAN AND REGD IN OTHER RTO AREA WHERE U R NOT LIVING THAN 2/3 DAYS WILL BE EXTRA. MAXIMUM 10 DAYS ,, STICLY FOLLOW ..
IF OLD OWNER R WELL KNOW AND MAY BE HELP ON ANY PROBLEM THAN DONT CHANGE RC INSURANCE IN UR NAME .. RC AND INSURANCE MUST BE IN ONE NAME IF ANY PROBLEM HAPPENS ,,
IT IS NOT A GOOD ONLY CHANGE THE NAME IN INS,ONLY

Answer by Gautam Jain Chennai 03 March 2010

hello,
check with RTO for any other formality,normally it takes one month.Keeping the insurance in previous owner's name will be of no use since the insurance and registration should be same name.once the registration is changed previous policy is useless.contact nearest insurance co.whose rep.will visit and shall inspect the car for rs.175/- and will give u the copy of inspection report and by producing the same with the ins.co.within 24 hrs.you can get your policy.make sure there is not damage or scratches on the car part which shall not be covered for the whole year
regards

Answer by RAJU SINGH 07 July 2010

hi mr . Raju Singh ,
why 1 month for transfering of ownership .

Answer by Gautam Jain Chennai 07 July 2010

Insurance and RC book owner should be same. If you transfer the vehicle in your name and have receipt of RTO, pending final transfer; you can ask the same insurance company to transfer the title in your name. The company will collect unused amount of No Claim Bonus on pro rata basis, if any + the transfer charges. In case you have transferred the vehicle and not the insurance (which could be done with 14 days of date of transfer) the claim will not be settled. Because at the time of claim, you have the vehicle registered in your name but no Insurance and the previous owner has the Insurance but no vehicle.

Answer by J Katira 08 August 2010

i purchased a vechile from my friend after signing all the necessary documents i went to rto to register the vechile on my name but the signature on the documents were not same it was little different from the orignal what my friend has signed so the rto rejected the transfer of the vechile then after few days i called my friend but as he was working abroad he went so iam badly stuck the vechile is still on his name .......... please help

Answer by Joella 11 November 2012

I was buy a santro car in delhi when i went to RTO they said that signature is different for ownership transfer and the old owner of the vehicle is gone on transfer. Even i dont know his new address. And the validity of rc is also finish. I apply for both ownership transfer as well as RC fitness. Does any one help me that can RTO renew my RC without ownership transfer or it is ncessary to trasfer the ownership?

Answer by Abhishek 05 May 2014

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