Transferring ownership of a pickup truck is a mandatory procedure when ownership is transferred. This article provides detailed information about pickup truck ownership transfer fees, including types of fees, fee amounts, and the latest regulations in 2023.
Process of transferring pickup truck ownership
Why is Pickup Truck Ownership Transfer Necessary?
Transferring pickup truck ownership when transferring ownership is not only a legal requirement but also brings many benefits:
- Legalizing Ownership: Ensuring the rights of vehicle owners in legal transactions related to assets.
- Avoiding Fines: Driving a vehicle without proper ownership registration can result in fines ranging from 2 to 8 million VND according to Decree 100/2019/ND-CP.
- Supporting Investigations: Helping authorities easily identify owners and contact them when necessary, especially in cases of vehicle theft.
- Handling Traffic Violations: Accurate owner information helps authorities manage and track responsibilities in the event of accidents or traffic violations.
Documents & Procedures for Pickup Truck Ownership Transfer
Required Documents
Based on Circular 58/2020/TT-BCA, the following documents are required:
- Pickup truck registration certificate.
- Pickup truck inspection certificate.
- Pickup truck insurance (if any).
- ID card/Citizen ID and household registration book of both the seller and the buyer.
- Bank release letter (if applicable).
- Certificate of single status or marriage certificate (depending on locality).
Documents needed for pickup truck ownership transfer
Ownership Transfer Procedures
Pickup truck ownership transfer procedures are divided into 2 cases:
1. Transfer within the same province/city:
- Sign and notarize the purchase and sale contract.
- Pay registration tax.
- Submit ownership transfer documents at the Traffic Police Department.
- Pay vehicle registration fees.
- Receive an appointment slip to collect the new Vehicle Registration Certificate.
2. Transfer to a different province/city:
The procedure is more complex and includes similar steps as above, but requires an additional step of withdrawing the original registration at the old registration location and re-registering at the buyer’s place of residence. License plates will be changed.
Costs of Pickup Truck Ownership Transfer
Pickup truck ownership transfer fees include:
1. Registration Fee:
- New pickup trucks: 2% of the vehicle value.
- Used pickup trucks: 2% of the vehicle value after depreciation (depending on the duration of use and vehicle type).
2. License Plate Change Fee:
- Changing license plates within the same province/city: 50,000 VND (if the vehicle already has a 5-digit plate).
- Changing license plates from another province or issuing new plates: 20 million VND in Hanoi.
3. Customs inspection fee (applicable to imported vehicles): 1 million VND.
Costs associated with pickup truck ownership transfer
Conclusion
Pickup truck ownership transfer fees and procedures may vary depending on the locality and vehicle type. Understanding the regulations and preparing complete documents will help the ownership transfer process go smoothly and quickly. Vehicle owners should take note of following the correct procedures to avoid legal complications later.
