07 May, 2024
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How to Sell the Car of a Deceased Person?
Selling the things used by a deceased person is a painful decision for many times. However, it may be necessary to go ahead with the decision. Selling the car of the deceased person is such a difficult decision. Many are unaware of the procedure for the same. It is different from selling a car when the person is alive. The sale is less complex if the deceased has left a will or a common consensus has formed among the family members.
We are elaborating the process for the sale of a deceased person’s car.
Selling the Car of a Deceased Person
As you understand, selling the car of a person who has left this world necessitates a specific procedure. The documentation has to be done meticulously to avoid legal troubles and to make a smooth process.
1. Authority for Selling the Car of a Deceased Person
Legal approval and authorization are crucial for going ahead with the sale of a deceased person’s car. The legal heir or any of the family members of the said person can approach the court with a will and the death certificate issued by the administration. The request for legal authorization for selling the car of the deceased can be submitted along with the subject documents. The approval issued by the legal authority can be used for selling the car. By this, possible issues in the future can be prevented. Selling the car of a deceased person without clear approval from the legal authority must be avoided.
2. Clearance from Bank or Financer
Most people buy four-wheelers by taking a car loan from a bank or financer. In this case, the RC book will have a sticker stating ‘Hypothecated To”. Clear the car loan on the vehicle and get NOC from a bank. The NOC can be used for removing the hypothecation sealed on the RC book. It is important to clear all the dues before selling the car of a deceased person. This is the second step once you have obtained legal authority for selling the car.
3. Validity of the Vehicle Insurance
One of the things you need to consider while thinking about how to sell the car of a deceased person is vehicle insurance validity. The car insurance in the name of the deceased would be transferred to the successor’s or legal heir’s name automatically. In case there is a nominee mentioned in the car insurance, the insurance policy would be transferred to the said person. In the subject scenario, the car insurance policy would not be transferred to the successor or heir. The car insurance has to be transferred to the new owner’s name upon selling the car of the deceased. If the policy has expired, the seller may info the same to the buyer before the sale itself.
Read to know: Can You Sell A Car Without Insurance in India?
Documents Required for Selling the Car of the Deceased
The documents required for selling the deceased person’s car are:
Death certificate of the deceased car owner
RC book of the car
Seller’s address proof
Car insurance policy, if valid available
PUC
Copy of PAN or Aadhaar or the seller
NOC obtained from the bank after clearing all the dues
Succession certificate
Relevant forms obtained from RTO
Key Things to Note While Selling the Car of a Deceased Person
Do not miss out on the following things when selling the car of a deceased person:
The title, ownership, and all the relevant documents pertinent to the vehicle must be handed over to the buyer.
It is better to keep a copy of all the subject documents with you for future reference or requirements.
The concerned RTO must be intimated regarding the sale of the car of the deceased person.
NOC is a vital requirement for selling a car.
Undertake cleaning, servicing, and maintenance of the car before putting it for sale. So that you will get the best price.
Reach out to a trusted used car dealer for avoiding hassles and getting the right price for the car.
The Conclusion
We decided to prepare the article “How to sell the car of a deceased person,” viewing the confusion and concerns people have. Further, we have been receiving queries on the subject topic constantly. Being the most trusted, and largest, multi-brand used car dealership in Kerala, Indus Used Cars is committed to offering the best support to car sellers and buyers. We expect that this article will help clarify the doubts regarding selling the car of a deceased person.
You can consult us in case of any queries regarding the sale of second-hand cars. Our team would provide you with all the info and support for both buying and selling second-hand cars. If you are looking to sell the car of a deceased person, do call us right away. We might be able to offer you comprehensive support.
For more discussion in this regard, call us now.
Read Similar Article: Can You Sell A Car Without Insurance in India?