Transferring Ownership of Foreign-Registered Cars in Vietnam: A Comprehensive Guide

“Transferring ownership” is a common phrase when it comes to changing the ownership of a vehicle. But what about cars with foreign license plates (NN plates)? Is the process different? Is it as complicated as rumored? This article will address all your questions about transferring ownership of cars with NN plates, from procedures and regulations to important considerations.

Understanding the Importance of Transferring Ownership of Cars with NN Plates

Legal Perspective:

Transferring ownership of a car with NN plates is a mandatory legal procedure when transferring ownership of a foreign-registered car in Vietnam. This serves to:

• Legalize the ownership of the new owner.
• Update the owner’s information on the national vehicle registration system.
• Facilitate the new owner’s use of the vehicle in Vietnam.

Economic Perspective:

The procedure for transferring ownership of cars with NN plates may incur certain costs such as registration fees, new license plate fees, etc. Therefore, buyers need to thoroughly research and budget accordingly.

Spiritual Perspective:

According to folk beliefs, the act of “transferring ownership” of any asset, including vehicles, carries significant spiritual meaning. It represents a clear change of ownership, helping the new owner feel secure in using the vehicle without being affected by the previous owner’s luck.

The Process of Transferring Ownership of Cars with NN Plates

Step 1: Prepare a complete dossier as required, including:

• Identification documents of the seller and buyer (ID card/Citizen ID/Passport).
• Original foreign vehicle registration certificate.
• Documents proving the legal origin of the vehicle.

Step 2: Bring the dossier to the competent vehicle registration authority to carry out the transfer of ownership procedure.

Step 3: Pay the prescribed fees.

Step 4: Receive an appointment slip and collect the vehicle documents after the procedure is completed.

Car with foreign license plates being inspected at a customs office

Important Considerations When Transferring Ownership of Cars with NN Plates

• Carefully check the legal status of the vehicle before purchasing.
• Choose a reputable service provider for the ownership transfer.
• Thoroughly understand the relevant taxes and fees.
• Familiarize yourself with the process and procedures to avoid wasting time and effort.

Frequently Asked Questions about Transferring Ownership of Cars with NN Plates

1. Can cars with NN plates be transferred in Vietnam?

Yes, cars with NN plates can be transferred in Vietnam in accordance with the law.

2. How long does it take to transfer ownership of a car with NN plates?

The time it takes to transfer ownership can range from a few days to a few weeks, depending on the complexity of the dossier and the processing time of the authorities.

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Person holding documents related to car registration and transfer of ownership

Conclusion

Transferring ownership of a car with NN plates is an important procedure that requires the applicant to understand the regulations and prepare the dossier carefully. We hope this article has provided you with useful information on this matter.

If you need further assistance with the transfer of ownership of cars with NN plates or have a need to buy or sell trucks, please contact XE TẢI HÀ NỘI Dealer or Hotline: 0968 239 999 for 24/7 advice and support.