Legal Status of Buying a Vehicle

Nipuna Marasinghe
time
3 mins read
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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.

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