The second-hand vehicle market has experienced a growth of more than 5% this summer compared to the same period last year, despite the stoppage of sales in the automotive sector. The competitive prices and the wide range of models, among which you can find very affordable high-end vehicles, are some of the strengths of the second-hand market.
But before embarking on buying a used car it is necessary to know what type of documents to request being the buyer and what procedures will be required to complete so that the property transfer closes without problems.
The first thing to keep in mind is that, usually, the price of these fees is assumed by the buyer, Although it is true that it is always possible to negotiate who is finally responsible for the payments.
Documents to request
He vehicle report is the first document to be requested at the General Directorate of Traffic. You can make the request online and there are several modalities, although it is interesting to request a complete report with the history of the ITV and another of charges, which is the one that can affect the change of ownership. The rates are 8.5 euros.
It will also be essential have a sales contract and, for this, you can use the model that the Organization of Consumers and Users makes available on its website.
Before starting the following procedures, the domain reservation must be terminated, whereby the ownership of the car, if it is financed, can remain in the hands of the financial institution. It can cost between 20 and 100 euros.
Three mandatory procedures
Once the purchase is effective, it will be necessary to complete three more steps to be able to use the new vehicle with confidence and security. The first of them will be fill Form 620 or 621 to pay the tax of Patrimonial Transmissions.
Then you will have to go to Traffic to make the change of ownership effective. This procedure is carried out by requesting an appointment and the cost is 54’60 euros. There is a 30-day period to complete this documentation and the previously completed tax form must be presented.
Finally, after having made the change of ownership effective, It will have to be notified within 10 days to the DGT so that the fines or notices related to that vehicle do not reach its former owner. The cost is 8.5 euros.