Car Papers

Dear Friends,

I need advise from you. we have maruti omin, when my dad expired last year. I didn't knew what all car papers we had and if we had all the complete set of essential papers. When I checked the folder I found List of documents.

Bunch of Documents from Sai Service

1. Order Booking form
2. Booking Details
3. Collection of Receipt
4. Order booking docket
5. Receipt
6. Collection of Receipt
7. Letter of Booking
8. Delivery of Memo
9. Invoice
10. Cash/Credit Memo
11. Completed Work Order
12. Gate Pass

Other Document are

1. Certificate of fitness
2. Xerox of check for car payment
3. Form B - Octrio Bill
4. Certificate of Insurance cum Policy Schedule
5. Sai Service letter of Finance
6. BMV Tax Act receipt
7. Certificate of taxation
8. Certificate of registration of Motor vehical.

My Question is do I have all the documents?

In future when I will sell the car, what all documents will I have to give to the buyer.

I found out that I am due to pay my BMV tax and Premium of Certificate of Insurance cum PolicySchedule.

Thanks

Arun Kumar

Let me first compliment your late father for meticulously keeping all the records - right from the booking order.  A very few people do that.  Anyway.

Needless to say, you have all the required papers.  Just update Insurance Policy & BMV tax.  It appears that the car was on finance.  If the loan has been repaid, ascertain/ensure that NOC from Bank has been submitted to RTO, and that, bank clause/lien has since been removed from the RC Book (RTO records).

While selling the car in future, you need to hand over the RC Book & Insurance Policy along with TTO (Transfer Form) duly signed by you & the buyer.

Thanks a million Pankaj.

Yes my car was in finance and my dad had repaied loan long back, I did not mention loan documents and letters it in my mail because I did not wanted to confuse reader. You have eye for details. Great !

I will update Insurance policy and BMV tax.

I remember last time I had paid tax for consecutive year plus fine. But now I have heared that I need to pay onetime tax.

Any idea on what is amount of one time tax and since what year it is applicable.

Well, there's nothing great about it - I could make out from 'Sai Service Letter of Finance' you have mentioned. Anyway, thanks

Regarding that life-time tax... As I understand, the car will be valued as on date after deducting the depreciation (as applicable in insurance).  The tax amount will be 6% of the car's value so determined.