Understanding the Car Power of Attorney in Vietnam

Anh Tuan, owner of a Hyundai HD120s truck, after years of driving from Son Tay to Hanoi, decided to upgrade to a newer model. Following a friend’s advice, he visited a used truck dealership on Nguyen Van Linh Street, Long Bien District, to sell his old truck. He found a potential buyer right at the dealership. However, when asked about the “car power of attorney,” Anh Tuan was completely lost.

Anh Tuan’s situation is not uncommon. The process of buying and selling used trucks, especially the paperwork, often leaves people confused. So, what is a “car power of attorney”? Why is it so important? Let’s delve into the details with Xetaihanoi.edu.vn.

What is a Car Power of Attorney?

A car power of attorney is a legal document that authorizes the seller to appoint an individual or organization (the authorized party) to sell the vehicle on their behalf. The authorized party will handle the transfer of ownership procedures with the relevant authorities.

Why is a Car Power of Attorney Important?

The car power of attorney plays a crucial role in vehicle transactions, especially for trucks, ensuring legal compliance and protecting the rights of both the seller and the buyer.

For the Seller:

• Saves time and effort: The seller doesn’t need to directly handle the transfer procedures.
• Reduces legal risks: In case of disputes arising after the sale, the seller can prove they are no longer the owner of the vehicle.

For the Buyer:

• Guarantees legal rights: The power of attorney serves as proof that the seller has the authority to sell the vehicle.
• Prevents purchasing disputed or vehicles with unclear origins.

Important Considerations for a Car Power of Attorney

• The power of attorney must be notarized by a competent authority.
• The content must be clear, detailed, and include complete information of both the grantor and the authorized party.
• Clearly state the scope of authorization, including specific rights granted to the authorized party.
• Consult with a lawyer or legal expert to ensure accuracy and completeness.

Frequently Asked Questions about Car Power of Attorney

1. How long is a car power of attorney valid?

The validity period is agreed upon by both parties and stated in the document. If there’s no specific agreement, it’s valid for six months from the notarization date.

2. Where can I get a car power of attorney notarized?

You can have it notarized at:

• A notary public office.
• A state notary office.
• The commune-level People’s Committee (for authorization to family members).

3. How much does it cost to notarize a car power of attorney?

The fee is specified in the Law on Fees and Charges. Contact a notary office for specific cost information.

Reliable Truck Trading at XE TẢI HÀ NỘI

If you’re looking to buy or sell used trucks, visit XE TẢI HÀ NỘI. We are committed to providing quality vehicles, reasonable prices, and reliable services.

XE TẢI HÀ NỘI – Your Trusted Partner!

Address:

• Showroom 1: No. 1, Pham Van Dong Street, Bac Tu Liem District, Hanoi.
• Showroom 2: No. 10, Nguyen Trai Street, Thanh Xuan District, Hanoi.
• Showroom 3: No. 100, Quang Trung Street, Ha Dong District, Hanoi.

Similar Products

Besides the Hyundai HD120s, XE TẢI HÀ NỘI offers a variety of other truck models, such as:

• Hino trucks
• Isuzu trucks
• Thaco trucks
• Dongfeng trucks

Power of Attorney in Hanoi

Verifying a Valid Power of Attorney

Conclusion

We hope this article has provided valuable information about the car power of attorney. Be an informed consumer and understand the legal regulations to protect your rights during vehicle transactions. Follow XE TẢI HÀ NỘI for more insightful knowledge about trucks!