Title: The Risks of Not Verifying RC Details
1The risks of not verifying RC details
2Fraudulent Ownership In some cases, the seller
may not be the actual owner of the car, or the
vehicle might be involved in illegal activities
like stolen property. By verifying the RC
details, you ensure that the person selling the
car has legal ownership rights to transfer it to
you.
3Unpaid Loans and Hypothecation Many vehicles in
India are financed by loans. If a vehicle has an
outstanding loan, it cannot be transferred to the
buyer without settling the debt. Checking the RC
can help you identify if there is any
hypothecation (loan agreement) attached to the
vehicle.
4Cloning and Stolen Vehicles One of the most
common frauds is vehicle cloning, where a stolen
cars registration number is replaced with a
legitimate one. By verifying the RC details, you
can confirm that the vehicle is not stolen and
that its details match the original records.
5Legal Complications If you unknowingly buy a
vehicle with a dubious history (e.g., one that
was involved in an accident or has unresolved
legal issues), you might face legal battles later
on. Its better to avoid buying such cars and
steer clear of these headaches.