Process and Procedures for Buying and Selling Used Trucks

Process of buying and selling used trucks
Latest update date: February 17, 06

Used trucks are used trucks that are bought and sold on the market. Buying and selling used trucks is increasingly popular because of advantages such as: cheaper price than new vehicles, diverse types, meeting many different needs.

To buy quality used trucks at good prices and ensure the best benefits, buyers need to clearly understand the car buying and selling process as well as the necessary procedures when transferring.

The process of buying and selling used trucks usually has 3 basic steps: 

  • Step 1: Prepare and notarize a truck purchase and sale contract.
  • Step 2: Pay old truck registration tax
  • Step 3: Transfer to car owner's name

Procedures for buying and selling used trucks are often more cumbersome and complicated than procedures for new trucks, so you need to carefully review each step to avoid future risks.

In addition to car buying and selling procedures, this article will also help you answer many questions that used truck buyers often ask such as: Should or should not buy a used truck? Which used truck is suitable to buy? Is it possible to buy a used truck without transferring the title? Is it possible to buy a used truck without registration? How to check used trucks? Where should I buy a reputable used truck in HCM?

This information will help you buy and sell used trucks smoothly and avoid unnecessary risks in the future. Refer below!

What are the procedures and processes for buying and selling used trucks?

If you have checked and are satisfied with the quality and selling price of the used truck, the two parties will carry out the purchase and sale according to the following processes and procedures:

Step 1: Prepare and notarize a truck purchase and sale contract.

Before making and notarizing a truck purchase contract, both the buyer and the seller need to prepare all necessary documents. Compared to buying a new truck, buying a used one will be more cumbersome in terms of paperwork and procedures. Documents required when buying and selling used trucks include:

Car seller Car buyer
  • Car registrations.
  • Car registration book.
  • Automobile insurance (if any).
  • CCCD/passport.
  • Certificate of marital status.
  • Death certificate of spouse and Certificate of marital status (if spouse died before acquiring assets).
  • CCCD/passport.
  • Registration book.
  • Power of attorney (if any).

Note:

  • Copies of documents need to be properly notarized.
  • You should bring the original for comparison.
  • Prepare extra cash to pay related fees.
Documents needed to prepare when buying a used truck
Compared to buying a new truck, buying a used one will be more cumbersome in terms of paperwork and procedures

After preparing all the documents, the Buyer and Seller agree on terms including: vehicle information, selling price, payment method, responsibilities of both parties,... After agreement, it is necessary to write a truck purchase contract and bring it to the notary office for proper notarization.

The truck purchase contract must contain the following specific information:

  • Name, address, CCCD number of seller and buyer.
  • Truck information: license plate number, chassis number, engine number, year of manufacture, load,...
  • Car selling price.
  • Payment methods.
  • The responsibilities of both parties.
  • Signatures of both parties.

Step 2: Pay old truck registration tax

Buyers of used trucks are responsible for paying registration tax at the Tax Department where the vehicle is registered. The registration tax on used trucks is calculated as a percentage of the vehicle value stated in the sales contract.

Old truck registration tax payment documents include:

  • Notarized truck purchase contract.
  • Vehicle registration certificate.
  • Household registration book, ID card of the buyer.

Step 3: Transfer to car owner's name

After paying registration tax, the car buyer needs to carry out procedures to transfer the vehicle owner's name at the vehicle registration agency. Vehicle ownership transfer documents include:

  • Vehicle registration certificate.
  • Notarized car sales contract.
  • Documents proving payment of registration tax.
  • Household registration book, ID card of the buyer and seller.

**In case of buying a used car in another province: If buying and selling a used truck in another province, the seller must withdraw the car's original documents at the police station. Then the buyer must make a new registration book at the vehicle registration location.

The process of buying and selling used trucks usually has 3 basic steps
The process of buying and selling used trucks usually has 3 basic steps

What to keep in mind when buying a used truck?

Should or should not buy a used truck?

Buying a used truck can bring many benefits such as cost savings, variety of options, and suitable for short-term use needs. However, you also need to consider potential risks such as frequent vehicle breakdowns and difficulties in warranty and repair.

So, should you buy a used truck? If you are financially comfortable, you should prioritize new car models. In cases where you only need a truck to meet basic transportation needs and your finances are tight, an old truck is still a good choice. Thanh Phong shared this knowledge in more detail in the previous article: “Should I buy a used truck? Buying experience to avoid risks” Please read more for reference!

Which used truck is suitable to buy?

Choosing the right used truck depends on your needs (what goods to carry, how much load, what type of cargo box), your budget and preferred vehicle brand, etc.

You should refer to the price quotes of the best new and used truck models to understand the advantages and disadvantages and prices of the vehicle models for an effective comparison. You should ask an acquaintance who is knowledgeable about cars to come with you to have a proper professional assessment. If you are in need of 1 ton trucks, you can refer to: Price quote for 1 ton trucks that Thanh Phong is providing.

Is it possible to buy a used truck without transferring the title?

Legally, buying and selling used trucks without title transfer is not valid. Buyers may face risks such as being fined for administrative violations, not receiving insurance, and having difficulty reselling the vehicle. Therefore, you must change your name when buying a used truck.

Is it possible to buy a used truck without registration?

Absolutely do not buy used trucks that are not registered. Unregistered vehicles pose a high risk of traffic safety and may be fined by the authorities.

How to check used trucks?

When buying a used truck, you need to carefully check the exterior, interior, engine, transmission, vehicle documents, etc. You should test drive the vehicle and ask an experienced auto mechanic to check the vehicle.

Buying a used truck has many benefits such as cost savings, variety of options, and suitable for short-term use needs.
Buying a used truck has many benefits such as cost savings, variety of options, and suitable for short-term use needs.

Where should I buy a reputable used truck in HCM?

There are many channels for buying and selling used trucks on the market. You can buy used trucks at reputable truck dealers, truck markets, or through online car buying and selling websites. However, to ensure safety, you should choose to buy a car at a reputable address with good warranty and after-sales service.

Thanh Phong Auto is proud to be a reputable, quality, and good price used truck buying and selling unit in the Southern region. With more than 10 years of experience in the auto repair - maintenance - sales industry, we are committed to providing customers with the best services:

Various options:

Thanh Phong Auto provides many lines of old and new trucks with a variety of loads, brands, and prices, meeting all customer needs.

  • Popular used truck models at Thanh Phong Auto: Hyundai, Hino, Isuzu, Thaco, JAC, Suzuki, Dongben, TaTa,...
  • Popular new truck lines at Thanh Phong Auto: Chinese Wuling N300P truck, standard and high-end versions of open trucks, tarpaulins, and closed trucks. (See details: Chinese Wuling truck price N300P full versions)

Guaranteed quality:

All used/new trucks at Thanh Phong Auto are thoroughly inspected for quality, origin, and documents before being sold. We guarantee that the car will not crash, not be flooded, have original machinery and support customers to check the car at the garage.

Competitive price:

Thanh Phong Auto buys and sells used/new trucks at competitive prices on the market with low interest installment support policy, simple and quick procedures.

Professional service:

Thanh Phong Auto's staff provides enthusiastic advice, knowledgeable about trucks, and supports customers with quick ownership change procedures. At the same time, we provide reputable warranty, repair and maintenance services right at our garage branches in District 7 and Nha Be.

Thanh Phong Auto is committed to providing customers with the best used truck buying and selling experience. Contact us today for free advice and support!

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