Truck ownership transfer is a mandatory procedure when ownership of a vehicle is transferred. This not only facilitates legal transactions but also helps avoid legal complications. This article by Xe Tải Mỹ Đình will provide detailed guidance on the latest truck ownership transfer procedures in 2023.
Reasons for transferring truck ownership upon transfer (Source: Collected)
People shaking hands, representing a truck sale agreement
Why is Truck Ownership Transfer Necessary?
Truck ownership transfer procedures when transferring ownership are mandatory and offer numerous benefits:
- Legalizing Ownership: Helps vehicle owners carry out legal transactions related to assets such as pledge contracts, mortgages for loans, etc.
- 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: Helps authorities easily contact and investigate when a vehicle is stolen.
- Handling Traffic Violations: Accurate owner information helps authorities quickly handle traffic violations and accidents.
Documents for Truck Ownership Transfer
According to Circular 58/2020/TT-BCA, the dossier for truck ownership transfer needs to be prepared:
- Original Vehicle Registration Certificate of the truck.
- Vehicle inspection certificate.
- Vehicle insurance (if any).
- Original ID card/Citizen Identification Card and household registration book of both the seller and the buyer.
- Bank release letter (if any).
- Certificate of single status or marriage certificate (depending on locality).
Essential documents for truck ownership transfer (Source: Collected)
A collection of documents, including ID card, vehicle registration, and contract
Guide to Truck Ownership Transfer Procedures
Truck Ownership Transfer Procedures within the Same Province
Truck ownership transfer procedures within the same province include 5 steps:
- Signing and notarizing the sale contract.
- Paying vehicle registration tax.
- Submitting the ownership transfer dossier at the Provincial Traffic Police Department.
- Paying vehicle registration fee.
- Receiving an appointment slip to collect the new Vehicle Registration Certificate. The license plate is usually kept.
Truck Ownership Transfer Procedures to a Different Province
Truck ownership transfer to a different province is more complex, consisting of 7 steps:
- Signing and notarizing the sale contract.
- Paying vehicle registration tax at the new owner’s place of residence.
- Withdrawing the original vehicle hồ sơ at the Traffic Police Department where the vehicle was originally registered.
- Submitting the ownership transfer dossier at the Traffic Police Department at the new owner’s residence.
- Paying vehicle registration fee.
- Receiving a new license plate and appointment slip.
- Receiving the Vehicle Registration Certificate and re-inspecting the vehicle.
Truck Ownership Transfer Procedures from Company to Individual
Truck ownership transfer from a company to an individual is the process of changing the owner’s name on vehicle documents from a company name to an individual’s name.
Documents to Prepare:
Seller (Company):
- Vehicle documents and inspection certificate.
- Business license.
- Minutes of the members’ council meeting regarding liquidation/purchase and sale.
- Notarized vehicle liquidation decision.
- Sales contract and VAT invoice.
- Seal sample registration certificate.
- Notice of change of name/address/seal sample (if any).
Buyer (Individual):
- ID card/Citizen Identification Card and household registration book.
- Marriage certificate or certificate of single status.
Implementation Process:
- Pay Vehicle Registration Tax: The buyer submits the dossier and pays vehicle registration tax at the Sub-Department of Taxation.
- Submit Ownership Transfer Dossier: Submit the dossier at the Traffic Police Department. If it’s a different province, the company needs to withdraw the original hồ sơ first.
- Receive Results: Receive an appointment slip and then receive the new Vehicle Registration Certificate.
Truck Ownership Transfer Fees
There are 3 types of fees: vehicle registration tax, license plate change fee, and customs inspection fee (for imported vehicles).
- Vehicle Registration Tax: 2% of the depreciated value of used trucks.
- License Plate Change Fee: 50,000 VND if the vehicle already has a 5-digit plate, 20 million VND if changing from a provincial plate to Hanoi or issuing a new plate.
- Customs Inspection Fee: 1 million VND (only applicable to imported vehicles).
Breakdown of truck ownership transfer costs (Source: Collected)
A pie chart illustrating the different types of truck ownership transfer fees
Conclusion
Truck ownership transfer procedures are very important to ensure rights and avoid legal risks. The article has provided detailed information on the process, documents, and fees. Hope this article is helpful to you. Contact Xe Tải Mỹ Đình for further consultation.
