04/01/2017
Before Selling a vehicle in India, the Following points shall be followed for safety.
1. You must sign the transfer papers & proceed with delivery ONLY after the payment has been received in full. Strictly no part payments or EMIs (they can go to a bank for that). If the car's buyer is paying via cheque, wait for clearance. Don’t blindly trust demand drafts either, fakes have been circulating in the market. Only when the cash is received, or your bank confirms the deposit, should you hand over the car. Remember that the cheque / demand draft must be in favour of the registered owner of the car.
2. Have the RTO transfer forms and delivery note signed by both the parties (buyer and seller). Do NOT leave the buyer field blank, or sign on any other blank documents. If required, and time permitting, offer to visit the RTO together to complete the transfer.
3. Retain a government issued photo id with address proof (e.g. driving licence or passport) of the buyer. Also take his landline phone number.