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Are you emotionally attached to your car's number, or is it a VIP number that you don't want to lose? Well, you can retain it and use it on your new car. This guide explains the step-by-step process to transfer your old car's registration number to a new car, as well as the documents required for the same.
Here are the situations when you may want to transfer your old car's number to a new one:
Once you purchase a four-wheeler, car insurance is a must to keep it secure from financial losses that may arise due to road accidents and other unforeseen events. Moreover, every car in India must have a unique registration number as per the law. It acts as its identity and helps locate & trace its history, such as its ownership, number of accidents, and many other details.
Here is an online process to transfer old car's registration number to a new car:
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To transfer your car's registration number to a new car, the following documents will be required:
You can transfer a car registration number to a new car only when you meet the following conditions:
The following are the different categories of vehicle registration numbers:
Here's an example;
For a registered number 0001, you might have to spend around Rs. 50,000, or you can pay 10% of the minimum reserve price when it goes for auction. Whereas for the registration numbers 0002 to 0009, you will have to pay around Rs. 30,000 or 10% of the minimum auction price, that is Rs. 3. Lakh. However, you will have to pay around Rs. 25,000 for the other number plates you desire.
With time, every car gets old.ne day you have to sell it and purchase a new car. But, if you want to retain your old car's registration number and use it on the new one, the process stated above can help. Also, don't forget to buy the right car insurance policy for your new car. Simply visit Policybazaar.com, compare different four-wheeler insurance quotes and choose the coverage that best matched your requirements & budget.
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*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
+Savings are based on the maximum discount on own damage premium as offered by our insurer partners.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.
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*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
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