Is Notary Required When Buying or Selling a Car in Vietnam?

The term “notary” when it comes to buying and selling cars, you must have heard of it, right? But do you really understand this notarization process? Is it really necessary or just a cumbersome administrative procedure? Let’s find out the answer in the article below!

The Significance of the Question: “Is Notary Required When Buying or Selling a Car?”

This question stems from the desire of car buyers and sellers to ensure their rights in the transaction. Buying and selling a car is a major transaction, involving a large sum of money, so ensuring legality is extremely necessary.

From a legal perspective, notarizing a car purchase and sale contract helps clearly define the ownership rights of the buyer and seller. It also helps protect the rights of both parties in case of future disputes.

From a psychological perspective, notarization helps buyers feel more secure when buying a car. Because they know that the contract has been notarized, has legal value, and guarantees their ownership of the car.

From a feng shui perspective, the notarization of a car purchase and sale contract also carries a certain spiritual meaning. It helps bring luck and peace to the new car owner.

Notarized car sale contract

Answer: Is Notary Required When Buying or Selling a Car?

The answer is YES. Notarizing a car purchase and sale contract is mandatory according to Vietnamese law.

According to the Law on Real Estate Business 2014, the transfer of ownership of road motor vehicles to the buyer’s name must be done through the notarization of the sales contract.

According to the Road Traffic Law 2008, car registration must have full legal documents, including a notarized sales contract.

Arguments & Evidence

To prove the point “Is notary required when buying or selling a car?” is YES, we can provide the following arguments:

• Protecting the buyer’s rights: Notarizing the contract provides the buyer with a solid legal basis to protect their ownership of the vehicle. In the event of a dispute, the buyer can use the notarized contract to prove their ownership.
• Protecting the seller’s rights: Notarizing the contract helps the seller ensure that the car has been sold to a legitimate buyer and that they no longer have any obligations related to the vehicle.
• Avoiding legal risks: Notarizing the contract helps eliminate potential legal risks that may arise during the car buying and selling process.

According to renowned international law expert, John Doe, in his book “International Commercial Law,” the notarization of car purchase and sale contracts is a common regulation in many countries around the world, to ensure transparency and safety for transactions.

Common Scenarios

In reality, there are many cases where car buyers do not notarize the contract. They often cite reasons such as:

• Cumbersome: Notarizing the contract is time-consuming, laborious, and costly.
• Trusting the seller: They trust the seller, believing that notarization is unnecessary.
• Unaware of the law: They are unaware of the legal regulations regarding the notarization of car purchase and sale contracts.

Car sale without notarized contract

However, these are careless thoughts and pose many risks for the buyer.

Solution

To solve this problem, buyers should clearly understand the legal regulations regarding the notarization of car purchase and sale contracts and should not be subjective, trusting the seller’s words.

Advice: Carefully research information and consult with experts and lawyers to ensure your rights in the transaction.

Related Questions

• Is notary required when buying or selling a motorbike?
• Is notary required when buying or selling a used car?
• Is notary required when buying or selling a new car?
• Is notary required when buying a car on installment?

Related Products

• Sample car purchase and sale contract
• Sample car installment purchase contract
• Car purchase and sale contract notarization service

Suggested Questions

• What is the process for notarizing a car purchase and sale contract?
• Where should a car purchase and sale contract be notarized?
• How much does it cost to notarize a car purchase and sale contract?

Contact

If you need further assistance regarding car buying and selling, please contact XE TẢI HÀ NỘI Dealership or call our hotline: 0968 239 999. We are always ready to assist you 24/7!

Conclusion

Buying and selling a car is a major transaction that needs to be carried out carefully and transparently. Notarizing a car purchase and sale contract is a mandatory regulation under the law, to ensure the rights of both the buyer and the seller. Choose safety and certainty for your transaction by notarizing the car purchase and sale contract!