Recently i finalized a deal for a used car listed on Carwale. Its a Ford Ikon 1.6 Zxi Sept. 2002 model 47000 Kms driven, i made a deal for 2.60 Lacs. I used all parameters given on this site to buy a used car including check by a mechanic who rated it excellent to reach on final decision.
My question to Carwale (preferably Mr.Banwarilal) is that did i bought it at good price, i am very happy with car uptil now, this vehicle has Duplicate RC Book as owner had lost original one, RTO transfer is still pending for car.
I got doubt on my decision when today i drove car to reputed Used Car Dealer/Service Center (Auto 1) to get few small works done as told by mechanic who inspected car initially, Service guys said car was in great condition and hardly needs any tuning except some suspension alignment but just to double check i got car valuated by them and to my astonishment they said since this car has duplicate RC Book they can't buy it and if i really want to sell it off it will be max for Rs. 1 Lac.
Is this true that car in excellent condition without original RC Book has no value and will create problem for me in future re-sale?
Duplicate RC Book is issued by RTO only when an FIR is lodged by the vehicle owner with the local Police Station to the effect that the original has been lost, and only after the requisite procedure is completed by the Police Deptt. & RTO.
Therefore, duplicate RC Book issued by RTO is as good / valid as original in all respect, whatsoever - it does not affect the ownership or the resale of the vehicle in any case.