Note these things to avoid risks when buying a used motorbike

Currently, many people are wondering if buying used motorbikes according to Circular 24/2023/TT-BCA (Circular 24) taking effect after August 15, 2023 will have any impact?

When you buy a used motorbike, the owner sells it

This is quite simple, you and the car owner go to the Notary office to make a sale deed. After that, the car owner is responsible for making a revocation paper and submitting it to the police where he or she is signing the license plate.

However, this is also a bit risky because usually after notarizing, you have to pay in full while the recovery documents have to be done later.

In case the car owner is slow or the police where the old owner is slow, leading to you submitting the title transfer application 30 days later than the date of signing the car sale contract, you will be fined from 400,000 to 1.2 million (according to point a, clause 4). Article 30 of Decree 100/2019/ND-CP).

So to avoid the above risks. When buying a car, you should not transfer all the money to buy the car, but negotiate with the car owner about making a revocation paper first and wait until you receive this paper to transfer all the money.

When you buy a used motorbike from a private store

Most car buying shops sign a Notary Authorization letter with the old car owner, this is normal before August 15, 2023.

However, at the present time it is different, the car store can still sign a car sales contract with you, but the old car owner is the one with the authority to carry out the procedures to revoke the license plate, not the store, so you Make sure that the car dealership is still in contact with the car owner and that the old car owner is still willing to assist us in filing the recall document?

Note, you should remember that if you are more than 30 days late, you will be subject to two fines:

– The former owner will be fined from 800,000 – 4 million VND (according to point e, clause 5, Article 30 of Decree 100/2019/ND-CP). So who will pay the fine to the previous owner? You or the store that sold you the car? Because surely after the car owner sells it to the store, they will no longer care about this issue.

– The new owner will be fined from 400,000 to 1.2 million (according to point a, clause 4, Article 30 of Decree 100/2019/ND-CP).

Therefore, in my opinion, if you buy a car at a car dealership, you should make them commit to a deadline to complete the recall. If they are late, they will have to pay a fine or you have the right to return the car and get a full refund. set amount or not. Of course, when buying a car you should only pay 50% – 70% of the car’s value in advance, but if you give enough money, you will be the one who will suffer in both time and money later.

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