Used Vehicle Purchase and Sale Transactions
Used Vehicle Purchase and Sale Transactions
Vehicle sales are made through notary publics in accordance with the latest Highway Traffic Law. However, there are some things that are recommended to be done before coming to the notary process for vehicle sales.
These are:
- If there is a mortgage or lien on the vehicle, it should be removed.
- If the vehicle has tax or traffic fine debt, it must be paid.
If there is a traffic ticket;
- E-Government system
- General Directorate of Security (EGM) website
- Internet address of the Revenue Administration (GIB)
- PTT web address
You can control it via
- Preparation of necessary documents in advance
- If the vehicle is not inspected
- Keeping the notary fee with you
- If the vehicle sales fee is to be collected through the bank, have the account information ready
Things to Consider While Selling a Vehicle
- Original of traffic and registration documents
- Documents showing whether the vehicle is in debt or not from the tax office where it is registered must be obtained.
- The originality of the vehicle's engine and chassis numbers must have been determined at the Highways inspection stations.
- It should be checked whether there are any records that may cause problems in the future, such as any lien, stolen, precautionary measure on the vehicle.
- The authorization of the license holder should be checked
- The tax numbers of the buyer and seller must be obtained
Required Documents for the Sale of Second Hand Vehicles
With the transition of many documents to the online world, only very basic documents are required from such buying and selling transactions.
If the sale will take place in the province where the vehicle is registered, the required documents are:
- tax exemption certificate
- Notary sales document
- Traffic insurance policy
- Registration and traffic certificate
- Tax number
- Plate number
- Power of Attorney (if another person will follow up)
- If the license plate is to be changed by moving the vehicle to a different city from the city where it was originally plated, the documents required:
- Dismissal certificate
- Registration and traffic certificate
- The license plate number was
- Copy of identity card
- Tax number
- Response to intercity traffic investigation correspondence
- Power of Attorney (if another person will follow up)
Notary Fee in Vehicle Sales Transactions
After the change made on February 1, 2018, the "PLATE Change Fee", which was required to be paid in the change of license plate according to the old law, has been removed. Accordingly, the vehicle transfer fee will not be paid in case of changing the license plate while buying a second hand vehicle.
Notary public purchase and sale expenses for 2019
224 TL
Drivers room license plate printing fee: 40 TL
Notary car sales fee: 224 TL
for a total of 264 TL.
Who Pays for Vehicle Sales?
While the vehicle is sold at the notary, the vehicle transfer fee must be paid by the buyer. The seller does not pay any notary fees.
Notary on Duty in Vehicle Sales Transactions
As of this year, notaries have started to serve as duty on Saturdays and Sundays.
It is Safer to Make the Payment of the Vehicle Through the Bank
It is the use of the bank for payment transactions and the avoidance of cash purchases as much as possible. While using the bank, you can use internet banking, instruct the bank to make a payment as a result of the sales transaction, or use a blocked check.
An important point to be noted here is that when the notary public's officer asks the seller whether the money for the vehicle has been taken or not, the seller should not say that he has bought the vehicle if he has not received the money so far.