Buying a second-hand bike is quite common today, especially amongst first-time buyers. This is because such two-wheelers are available at relatively reasonable prices; while perfectly fulfilling the buyers\u2019 mobility needs.<\/p>\n\n\n\n
Besides, customers easily secure two-wheeler finance at affordable two-wheeler loan interest rates to cover their expenses. As a result, a large volume of second-hand bikes is sold and purchased in India every day.<\/p>\n\n\n\n
When a used bike is sold, the seller must transfer its ownership to the buyer. It provides the new owner with all the legal possession rights of the two-wheeler.<\/p>\n\n\n\n
Here\u2019s a step-by-step bike ownership transferprocedure along with the documents required for the same.<\/p>\n\n\n\n
The ownership transfer process requires the participation of the seller and the buyer. Broadly, it consists of the following three steps:<\/p>\n\n\n\n
The applicant submits an application of transfer to the Regional Transport Office (RTO), where the bike was first registered. Typically, the seller carries out the application form submission in case of a sale. But, in a situation like an owner\u2019s demise, the buyer or the individual to whom the bike is transferred must do it.<\/p>\n\n\n\n
The seller must hand over all the necessary documents associated with the bike to the purchaser.<\/p>\n\n\n\n
Finally, both the buyer and seller must inform the respective RTO about the transfer or sale of the two-wheeler within a designated time period. For out-of-state bike transfer, such info must be reported within 45 days. In the case of intra-state transfer, the stipulated period is two weeks.<\/p>\n\n\n\n
Additional Read: <\/strong>Getting Home a Two Wheeler? 4 Tips to Follow<\/a><\/p>\n\n\n\n Since the ownership transfer is a legal process, it involves a handful of documentation. Following is a list of documents that the seller must hand over to the buyer to transfer bike ownership. <\/strong><\/p>\n\n\n\n A buyer also needs to furnish the following papers:<\/p>\n\n\n\n Furthermore, some legal forms, including form 28, 29 and 30, must be submitted to the concerned RTO for completing the ownership transfer.<\/p>\n\n\n\n Additional Read: <\/strong>How Can You Own a Super Bike Using Two Wheeler Loan?<\/a><\/p>\n\n\n\n If you plan to sell off your old bike and purchase a new one, avail of a two-wheeler loan<\/a> from Tata capital to finance your purchase. We offer finance up to 100% of the bike\u2019s cost for a maximum of Rs. 1.5 lakhs and extended loan tenure up to 5 years.<\/p>\n\n\n\nDocuments required for bike ownership transfer<\/strong><\/h2>\n\n\n\n
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