In car ownership transfer NOCs are required at two instances: (1) By the seller RTO if the name transfer is interstate (2) By the bank if it was purchased on loan, to certify that all payments are up to date. How do I know if the car has been properly cared for? The service book...
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The currently established practice in car financing is based on the transfer of ownership after the final payment of the loan. One can only speculate whether leasing companies simply will not allow to use cars when paying for time or mileage without the transfer of ownership rights. Provided, of...
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