Document background
The Deed of Sale of Car Vehicle is a crucial legal document used in India when transferring ownership of a motor vehicle from one party to another. It serves as the primary evidence of the transaction and is required by Regional Transport Offices (RTOs) for officially changing the vehicle's registration to the new owner's name. This deed is mandated under the Motor Vehicles Act, 1988, and must comply with state-specific transport regulations. It typically includes detailed information about the vehicle (including make, model, registration number, chassis number, and engine number), complete details of both parties, the sale consideration, warranties about the vehicle's condition and title, and terms of transfer. The document is particularly important as it protects both parties' interests by clearly stating the terms of sale and helps prevent future disputes regarding ownership or transaction terms. It's essential for both private sales and commercial transactions, and may require additional provisions when dealing with financed vehicles or corporate-owned vehicles.
