The contract of sale of cars

Many motorists for the first time are engaged in the acquisition of a car, so they may not know all the subtleties of this process. The car purchase and sale contract is necessary for fulfillment of transactions of purchase or sale of this or that vehicle. In accordance with this agreement, certain obligations arise for each of the parties participating in the conclusion of the transaction, and the fulfillment of these requirements is mandatory for all parties to the contract. The contract of sale of cars provides that one of the parties is obligated to give the vehicle to the other party, which undertakes to transfer a certain sum of money for the car transferred to the ownership.

Parties in this contract are called "seller" and "buyer", as in other relevant contracts when buying and selling a particular object. The contract of sale of cars implies the mandatory availability of certain documents. They include a passport of a technical means, in which a special mark was created that this car does not consist of traffic police on the register. The procedure for de-registration is carried out by the appropriate division of the State Traffic Safety Inspectorate, which is available in virtually all areas of cities or other administrative-territorial units. Both sides must have passports with them, since without them it is impossible to verify the identity and to enter certain information into the database.

In those cases where the seller of the vehicle is not its owner, he must provide a valid power of attorney in his name, in which there is a note on the availability of his right to carry out such transactions. Without such a mark, it will be impossible to conclude a car sale contract. If the buyer does not plan to become the owner of the car that he buys, then he must, in addition to the above mentioned documents, carry an appropriate power of attorney in his name, signed by the potential owner of the purchased vehicle. For example, in the event that the car will be issued for one of the spouses, and deal with the design will be different.

As a compulsory procedure, you need to obtain a certificate informing you of the released unit, which is intended for the purchase and sale of a particular car. Obtained this certificate in the traffic police. In the event that the person representing the interests of an organization participates in the registration of a car purchase and sale, the possibility of performing these actions must also be formalized by a corresponding power of attorney. After the contract of sale of the car will be signed, the seller must report the transaction to the tax office at the place of registration. You must file a declaration, otherwise the seller of the car faces a fine.

Purchase and sale of cars, an agreement on which is drawn up in advance and signed by all participants (and there may not be only two of them) is impossible without the participation of the tax inspection and payment of a certain fee. Personal income tax is not levied if the vehicle was owned for more than three years at the time it was committed, or if its amount was less than 125 thousand rubles - otherwise you will have to pay tax in connection with your income. This was done to prevent illegal business activities in the field of buying and selling cars.

Now that you know how to formalize a car purchase and sale contract, boldly proceed to concrete actions. And again: if you are not going to own a certain vehicle for a long time, it's worth not to go through all these procedures, but simply to issue a power of attorney. After all, all these processes are not free, and time will take you a lot!