Selling a Car in Vietnam: A Comprehensive Guide

“Buying a car is easy, selling one is hard” – this saying, seemingly a joke, reflects the frustration of many who have gone through the arduous process of selling their car. While the procedure isn’t overly complex, it requires meticulous attention to detail, careful preparation, and a good understanding of the law to avoid future problems. This guide by Xetaihanoi.edu.vn provides a detailed walkthrough of the legal and safe process of selling a used car in Vietnam.

Car Selling Procedure: What You Need to Know

1. When Do You Need to Complete the Car Selling Procedure?

You need to complete the car selling procedure in the following cases:

• Selling your car to another person.
• Transferring ownership of your car to another person.
• Liquidating or transferring the title of your car.

2. Required Documents for Selling a Car

To ensure a smooth and efficient car selling process, you need to prepare the following documents:

• Original Vehicle Registration Certificate.
• Original Vehicle Inspection Certificate.
• Seller’s and Buyer’s Identity Card/Citizen Identity Card/Passport (photocopy and notarized).
• Car Sales Contract (handwritten or typed, signed by both parties).

3. Car Selling Procedure

Step 1: Sign the Car Sales Contract.

Both the seller and buyer agree on the selling price and terms outlined in the sales contract. The contract should be in writing (handwritten or typed), signed by both parties, with two original copies having equal legal validity.

Step 2: Transfer the Car Title.

After signing the sales contract, both parties go to the competent police authority to transfer the car title to the buyer.

Step 3: Pay the Registration Fee and Receive Vehicle Documents.

The buyer pays the vehicle registration fee at the tax department of their permanent residence. After completing the payment, the buyer will receive a receipt for the vehicle documents.

4. Important Notes When Selling a Car

• Carefully review all information on the sales contract before signing.
• Thoroughly check all vehicle documents before handing over the car to the buyer.
• It’s recommended to transfer the car title immediately after signing the sales contract.

A Real-Life Story About Selling a Car

Mr. Nguyen Van A, the owner of a Hyundai HD120s truck in Long Bien District, Hanoi, shared: “Previously, I was very worried about selling my truck because I feared the complicated and time-consuming procedures. However, after carefully researching information on the Xetaihanoi.edu.vn website and receiving enthusiastic advice from the staff, I completed the car selling process quickly and safely.”

Man signing truck registration paperwork

Frequently Asked Questions About Selling a Car:

Q: Does selling a used car require a notarized contract?

A: According to current regulations, a car sales contract is not required to be notarized. However, to ensure legal validity and avoid unnecessary disputes, it’s recommended to have the car sales contract notarized at a competent authority.

Q: Where do I pay the car registration fee?

A: You can pay the car registration fee at the tax department of your permanent residence.

Q: Is the procedure for selling a used car difficult?

A: The procedure for selling a used car is similar to that of a new car. You just need to prepare all the necessary documents as regulated and follow the correct process.

Conclusion

We hope that the above information has helped you better understand the car selling procedure in Vietnam. If you have any further questions, please contact Xetaihanoi.edu.vn for free consultation! Don’t forget to visit our website for more useful information about trucks and related services.