Completing the paperworkOnce you have successfully auctioned the car or agreed on a price, there are three key things to complete – payment, paperwork and feedback.
The most secure form of payment is a bank cheque. Unlike a personal cheque, a bank cheque requires pre-cleared funds. And unlike cash, it can only be banked into the payee account. Draft two copies of a receipt noting the buyers and sellers identities, their driver's licence numbers and the date and time of the payment. Sign the receipt only once you have received cleared funds for the car. Here's a sample receipt.
Tear off the bottom portion of your Certificate of Registration. Fill in the new owner's details and sign it, then send it off to the Transport Registry Centre, Private Bag, Palmerston North within seven days of selling the vehicle. Give the remaining portion to the new owner. The buyer must fill out an LTSA MR13 form and pay the $9.20 change of ownership fee. You can get these forms from any Post Office.
If you've sold the car via auction you should place feedback on the buyer.
For more information on changing vehicle ownership visit the LTSA
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