x You need to buy an old car and want to know what the procedure is to change ownership in this case?
x You are not familiar with the procedures to change ownership of car documents, what types of documents and records do you need to prepare?
x You need to know how much is the current title change registration fee for the newest car? Is it expensive?
Owning a car in the name of the correct owner is always the desire of any owner when buying a used car, but not everyone understands the necessary procedures for transferring car title. Therefore, in this sharing article, Proship.vn also wants to convey important knowledge and information about the most detailed procedures for changing ownership of new car documents. Individuals, Companies, and Enterprises who are planning to buy a car for work or travel should refer to and apply to ensure the transfer takes place quickly and smoothly.
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Why is it necessary to change ownership of a car?
Changing the name and ownership of your car's documents is quite important when you want to sell or transfer the right to use the car to someone else. This is the reason why Individuals and Businesses need to carry out procedures to change car ownership:
- To simplify communication and investigation of authorities with vehicle owners in case the vehicle is stolen. Changing the title of a car helps authorities easily identify the new owner and contact them when necessary;
- Facilitate vehicle owners in carrying out legal transactions related to assets such as mortgage contracts, loan mortgages...;
- Avoid fines for driving a car without ownership according to the provisions of Decree No. 100/2019/ND-CP. If you do not transfer the vehicle's title after transferring the owner, you will face fines ranging from 2 to 4 million VND for personally owned vehicles and from 4 to 8 million VND for privately owned vehicles. ownership of an organization or business;
- Having accurate information about car owners helps authorities easily manage and prosecute drivers who cause accidents and handle traffic violations quickly and effectively. .
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Process and procedures for changing car ownership for Individuals, Companies, and Enterprises
In response to many people's questions, Proship Logistics has compiled information from many different sources to clarify the latest car ownership transfer procedures for Individuals, Companies, and Enterprises to refer to:
Types of documents and papers required when transferring car title
Based on the legal regulations in Circular 58/2020/TT-BCA, preparing documents to transfer car title requires the following documents:
- Car registration form according to form;
- Car registration book;
- Automobile insurance (if any);
- ID card and household registration book of the seller and buyer;
- Bank mortgage release note (if any).
In addition, to avoid future civil disputes, depending on each case, some localities may require a single certificate or marriage certificate.
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Procedures for transferring name and changing ownership of a car for Individuals
Below is information about the procedure to change ownership of a car in the same or different provinces and cities that you should refer to:
Procedures for transferring car title to the same province or city
When buying, selling or transferring a vehicle to someone in the same province, the license plate will remain the same. The main change is in the Vehicle Registration Certificate regarding the owner's information. The steps to change the title of a car to someone in the same province or city are as follows:
- Step 1: The buyer and the seller sign a contract to buy, sell and transfer cars;
- Step 2: Pay the registration fee to change the car's name;
- Step 3: Go to the Traffic Police Department of the Provincial/City Police to submit the registration application;
- Step 4: Make payment for car registration fee;
- Step 5: You receive the appointment letter. At the time specified in the paper, go to the agency to receive a new vehicle registration certificate.
Procedures for transferring car title to another province
The process of changing ownership of a car in another province/city will be more complicated. In case the person who is transferring the car's title cannot come to carry out the procedure, he or she can authorize a relative or the car title transfer service provider:
- Step 1: Sign and notarize the car purchase and sale contract. Then, pay the registration fee for the vehicle;
- Step 2: Go to the Traffic Police Department of the Provincial/City Police where the vehicle is registered to withdraw the application. Then, submit the application to the Traffic Police Department of the Provincial/City Police of the person whose name is being transferred to change the car owner;
- Step 3: Pay full car registration fee;
- Step 4: Receive appointment letter and new license plate. On the date stated in the appointment letter, you come and get the Vehicle Registration Certificate;
- Step 5: Once you have the Vehicle Registration Certificate, proceed to make a vehicle registration book for the new license plate.
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Procedures for changing the name and ownership of a car for a Company or Enterprise
The procedure for changing ownership of a Company car is similar to the procedure for a personal car. The difference lies in the documents that need to be prepared, including:
- Invoices: Including red invoices and invoices printed by the Company itself;
- Decision to liquidate the car: Requires signature of the Director or members of the Company's management board;
- Car sales contract: Signed by the person with the highest position in the company or car selling unit. The contract also needs to be fully notarized;
- Transfer documents are signed and stamped by the Organization or Company;
- Minutes of registration of Company seal sample;
- Company/Enterprise business license;
- Letter of introduction signed and sealed.
When transferring the title of a company car, you also need to pay attention to the following two issues:
- Be careful with invoices: You need to check carefully after receiving the company's invoice. Because if it is a fake invoice, you cannot legally transfer the car's title.
- Pay attention to the signature and stamp on the documents: In case of buying a company car but the director is not present. A power of attorney is needed for employees to sign important documents. Without a power of attorney, the company car title transfer will not be performed.
How much is the car registration fee?
There are three types of costs related to changing ownership of a car, including registration fees, license plate change fees and customs inspection fees for the vehicle.
Registration fee for transferring the title of an old car
Registration fees are paid at the tax department and calculated according to regulations of the Ministry of Finance:
- For new cars with less than 10 seats: 12% of car value;
- For passenger cars, trucks and other newly purchased vehicles: 2% of vehicle value;
- For used cars: 2% of the vehicle's depreciated value.
When transferring vehicle title, the registration fee rate is calculated based on the period of use calculated from the year of manufacture, with a percentage of the value of a new vehicle of the same type. For example, a car that has been in operation for 1 to 3 years is considered 70% of the value, from 3 to 6 years is 50%, from 6 to 10 years is 30%, over 10 years is 20%. Therefore, car registration fees are calculated based on the car's value and model. The older the car's value, the lower the fee.
Fee for changing car license plates
The license plate change fee is based on Circular 53/2015/TT-BTC of the Ministry of Finance on fees for new registration or vehicle title transfer. In Hanoi, when registering a new vehicle or transferring its title, the vehicle will be issued a 5-digit license plate at a very low fee. If the car already has a 5-digit license plate, transferring the name only costs 50,000 VND. However, the cost of changing a car license plate from a province to Hanoi or the cost of issuing a new car license plate is 20 million VND.
If changing from a 4-digit plate to a 5-digit plate, the fee is 150,000 VND. After completing the application and collecting all necessary documents, you will go to the vehicle registration points of the Traffic Police Department to submit the application and the processing time is 2 - 3 working days (except Saturday and Sunday). Sunday).
Car customs inspection fee (applies only to imported vehicles)
Customs inspection fees only apply to imported vehicles and do not apply to domestically assembled vehicles. You need to take the vehicle to the competent authority for inspection. There, they will check all original import documents of the car, review the exact information, complete the procedures for transferring the car's title, chassis number, engine number, pay import tax, etc. Inspection fee The customs fee for each vehicle is 1 million VND.
Proship has quickly updated the documents that need to be prepared as well as the procedures for transferring the car's ownership, documents , and the latest vehicle registration fee. Individuals or businesses interested in changing the ownership of a multi-generation car can save the information and use it in case they buy the car from another owner. Please continue to accompany us, follow many related news and contact us at 0909 344 247 for direct advice on Proship Logistics's cheap and convenient Multimodal Transport Services.
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