Please advise or direct me to the thread about process, documents, etc. when buying a used car from an individual.
Thanks,
ED
Thanks,
ED
Please advise or direct me to the thread about process, documents, etc. when buying a used car from an individual.
Thanks,
ED
Would you still have to do ALL of this at a used car dealer? That sounds like too much trouble for a vehicle purchase.
Excellent Post J D Sauser! and thanks. There has been a few enquiries on the board as to what paperwork is required and what the process is, so I'm going to sticky this for a while.
I'm all for erring on the side of caution, but to go to the cops to assure that the vehicle you are buying is not stolen, when the vendor, properly identified with his/her cedula, is shown as the owner of said vehicle, on the matricula, seems like a complete waste of time.
It's always good to err on the side of caution.I understand your line of thinking, Rocky, it's a very logical one, and you may have more experience and thus confidence in the process than I do as a first time buyer here. However, I think that this is one point that is very important... to make sure the best way possible that there is no legal issue pending on the vehicle. After all, once the money changes hands... it's gone and the buyer is stuck with what ever deal he made. .
Bear in mind that they don't travel highway speeds, so they can be a bit dangerous between towns.I've been wondering if a scooter would take care of travel,within a 20mile radius let say. I'm curious also how much they run. I would think they might get stolen easily.
That's about the right price for an older car.I recently bought a car,(from a dealer), and paid a transfer tax of 1600 pesos. I had to return for the title, and when I got there they wanted me to pay another 9000 pesos for the title. Do I need to pay this? Let me know if there are any other ways around this, or did I buy from a mafioso?
Thanks
I recently bought a car,(from a dealer), and paid a transfer tax of 1600 pesos. I had to return for the title, and when I got there they wanted me to pay another 9000 pesos for the title. Do I need to pay this? Let me know if there are any other ways around this, or did I buy from a mafioso?
Thanks
I know that the year of the car and the engine size have an effect on the price of the transfer tax.Your registration IS the title. No registration , no clear ownership, no way to hit the road legally.
The old registratin will show the name of the last owner and he as to sign it over to the new one on the back (ID who is signing!). The new one will show the new owner's name and he in turn will sign it over to a future buyer once he sells the car.
To get the new registration one has to go to the authorities or have somebody (dealer, lawyer or go4) do it and pay. That's where tansfer tax(ses) are cashed and any 3rd party honoraries for doing the runarround too.
Transfer fees and Taxes sum up to a few percents (I don have it handy right now, but I seem to remember 3.xx % of the value declared on the contract (which has to be a realistic value, in case you wish to write less than the sum paid).
... J-D.
How much was the the Lawyer's fees?
thanks
loco..