The used commercial-grade truck market is growing significantly due to the demand among logistics that are in search of affordable vehicles for last-mile cargo haulage and construction aggregate transportation across the country. It also seems like the right time for individuals looking to start a career aligning with logistics that are in search of operators and used trucks.
Moreover, due to the demand for used trucks among logistics, it not only seems good news for operators and individuals set to take on this career path but also for those who are planning to sell used trucks in the country be it through traditional ways or modern ways such as through online marketing platforms.
Nonetheless, even though it is the right time to sell a used truck, reports show that most of the individual owners of trucks planning to sell their vehicles are faced with several problems and stress which are associated with selling used trucks in India like worries regarding plenty of paperwork and doubts regarding essential documentation required by RTO.
In this regard, to help those who would like to know what are the documents and requirements to sell their trucks without any worries, here are the details:
Also Read: Here's A Guide To Buying A Used Bus In India
Documents Required | What Are They? |
Three copies of Form 28 with chassis number imprint. | Application for a grant of no objection certificate |
Two copies of Form 29 | Application for transfer of ownership of a vehicle |
Two copies of Form 30 | It Includes a report of the transfer of ownership of the truck |
One copy of Form 35 with bank stamp | an application for termination of an agreement of hire-purchase or lease or hypothecation. |
One copy of the NOC | No Objection Certificate |
One copy of the sales affidavit | - |
A copy of the certificate for clearance | - |
Also Read: Here Are Used Truck Inspection Tips
The traditional method for selling a truck involves placing an advertisement mentioning that you are in search of buyers for your vehicle, in the local newspaper, and connecting with dealers in your city. Apart from this, the traditional method involves spreading the word through your friends and family.
This method of selling trucks is considered easier when compared to the traditional method since all you require to do is visit genuine and official online portals which provide a platform to buy or sell commercial vehicles like 91trucks.com.
Thus, these are the details of the documents and methods you require to sell a used truck in India.
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