Legal Status of Buying a Vehicle

time
3 mins read
feature image

When we buy a vehicle, we pay most attention to the price of the vehicle. Buying a vehicle these days is a very difficult task. But after buying a vehicle for a low price, you have to spend a lot of money and work hard due to the impact of the vehicle's legal status. Therefore, when you buy a vehicle, you should be aware of the legal status of the vehicle. So today, in MotorGuide, we are talking about the legal status of the vehicle.

Things to consider when buying a vehicle

When buying a vehicle, it is essential to check the mileage of the vehicle. Because it gives you an idea of ​​how much the vehicle has been used. A vehicle with high mileage has more wear and tear on its engine and other major components than a car with low mileage. In addition, when buying a vehicle, you should think about the fuel efficiency of the vehicle, the safety of those traveling in the vehicle, and the price.

About all parts of the vehicle Are you concerned?

The biggest problem when buying a vehicle is the condition of the vehicle. When you buy a vehicle, not knowing the condition of the inside of the vehicle is a big problem. Even if the exterior of the vehicle looks beautiful and attractive, you do not know if the engine and other main parts of the vehicle are in good condition. If you buy such a vehicle, you will have to face many problems.

Legal situation when buying a vehicle

All the important details of a vehicle are included in the vehicle's registration certificate. The two most important details in the registration certificate are the vehicle's chassis number and engine number. The first thing we need to do when buying a vehicle is to check whether the chassis number and engine number on the registration certificate match the chassis number and engine number on the vehicle. Because sometimes you can be given another vehicle that does not correspond to the registration certificate. The chassis number is the vehicle identification number assigned to a vehicle during its manufacture. The chassis number is indicated on the car frame.

A vehicle Transfer

The transfer of a vehicle is done through 2 forms called mta 6 and mta 8. In this form, the buyer's details, the buyer's signature, the vehicle owner's details and his signature are to be filled in. Within 14 days of selling a vehicle, the person who sold the vehicle must submit a form to the Commissioner of Motor Transport stating that the vehicle has been sold. Also, the person who bought the vehicle must register the vehicle in his name within 14 days from the date of purchase.

How to get insurance rights

If the vehicle is not registered in his name, the person who bought the vehicle will not be able to get insurance rights if he gets into an accident in the vehicle. Then he will have to find the previous owner of the vehicle. Later, when the person who bought the vehicle takes over the vehicle in his name, if the previous owner dies, he will have to face a lot of problems. Therefore, within 14 days of buying the vehicle It is mandatory to register the vehicle in your name.

So this is the legal situation when buying a vehicle. These things are very important for you who are looking to buy a vehicle. So you should carefully consider the things we have said before buying a vehicle.

Nipuna Marasinghe

Written by

Nipuna Marasinghe

Similar News

  • Buying & Selling Guides

    Understanding MPVs: What You Need to Know

    time
    4 mins read
  • Buying & Selling Guides

    Easy Tips to Increase Your Vehicle's Resale Value Before Selling

    time
    5 mins read
  • Buying & Selling Guides

    How to Improve Your Vehicle’s Air Conditioning Performance

    time
    3 mins read
  • Buying & Selling Guides

    Sri Lanka Import Vehicle Price List 2025

    time
    2 mins read
  • Buying & Selling Guides

    Tips to Improve Air Conditioning Performance

    time
    4 mins read
  • Buying & Selling Guides

    Let's Lock the Vehicle Without the Vehicle Key

    time
    4 mins read
  • Buying & Selling Guides

    Things You Should Be Aware of When Driving an Auto

    time
    4 mins read
  • Buying & Selling Guides

    Tips to Prevent Vehicle Theft

    time
    4 mins read
  • Buying & Selling Guides

    Do You Really Know Your Car Key?

    time
    4 mins read
  • Buying & Selling Guides

    Legal Status of Buying a Vehicle

    time
    3 mins read

Latest Car Reviews

  • Mercedes Benz AMG GLA 45 S 2024

    SUV

    Rs 55M - 59M

  • Toyota Roomy 2025

    Hatchback

    Rs 8.6M - 11.2M

  • Toyota Vellfire Z 2024

    SUV

    Rs 53.5M - 58.7M

  • Honda Freed Hybrid 2025

    MPV

    Rs 18.3M - 189M

  • Tesla Model Y 2024

    Luxury Sedan

    Rs 26.5M - 30M

  • Dongfeng Forthing Friday 2025

    SUV

    Rs 17.9M - 21M

  • Suzuki XL6 2025

    SUV

    Rs 13.5M - 15.6M

  • Audi Q2 2025

    Luxury SUV

    Rs 25M - 35M

  • Audi A8 2025

    Luxury Sedan

    Rs 142M - 145M

  • Mercedes-Benz G 450 d 2025

    Luxury SUV

    Rs 43M - 50M

  • Hyundai Accent 2025

    Sedan

    Rs 18M - 21M

  • Peugeot 2008 GT 2025

    Compact SUV

    Rs 31M - 36.5M

Latest Bike Reviews

  • Bajaj Pulsar NS200 2025

    Motorcycles

    Rs 1.1M - 1.2M

  • Honda Shine 100 2025

    Motorcycles

    Rs 500K - 550K

  • AIMA Breezy 2025

    Scooters

    Rs 380K - 384K

  • iBIKE SLI 100 2025

    Scooters

    Rs 480K - 490K

  • BMW C 400 GT 2025

    Scooters

    Rs 4.5M - 4.7M

  • KTM 160 Duke 2026

    Motorcycles

    Rs 1.2M - 1.5M

  • Yadea M6 2025

    Scooters

    Rs 429K - 435K

  • Hero Xoom 125R 2025

    Scooters

    Rs 810K - 850K

  • Hero Xoom 110 Fi 2025

    Scooters

    Rs 700K - 750K

  • Bajaj Pulsar N160 2025

    Motorcycles

    Rs 850K - 950K

  • TVS XL 100 Heavy Duty

    Motorcycles

    Rs 380K - 450K

  • Yamaha FZ V2 2025

    Motorcycles

    Rs 720K - 950K

hero

Post your car or bike ad on ikman in 2 mins!