Sell your car at the best price in Mumbai

Yes, you can sell a car with an ongoing loan through Spinny in Mumbai. If your car is under loan or "hypothecated" to the bank, the process involves clearing the outstanding amount before the car’s ownership can be transferred. Spinny offers expert assistance in handling this process, helping you settle the loan.

Here’s how it works:

1. Loan Settlement: You will need to either pay off the remaining loan amount yourself or use part of the sale proceeds to clear the loan. Spinny can help guide you through this.

2. No Objection Certificate (NOC): Once the loan is settled, you will need to obtain an NOC from the bank, which states that the loan has been cleared. This document is necessary for the RC transfer.

3. RC Transfer: After obtaining the NOC, Spinny takes over and handles the RTO paperwork required to remove the hypothecation from the RC and transfer ownership to the new buyer.

While it's not mandatory for the car owner to be present at the time of pick-up or inspection, it is highly recommended. Spinny offers flexible options, including doorstep car pick-up and inspections at a Spinny Hub, depending on your preference.

If you're unable to be present, you can authorize a trusted person, such as a friend or family member, to oversee the process. They will need to present:

• A signed authorization letter from you.

• Copies of your ID proof and RC to ensure everything proceeds smoothly.

For maximum convenience, Spinny allows you to schedule the pick-up and inspection at your convenience, whether at home, work, or at one of their hubs in Mumbai. If you’re present, it also helps clarify any questions the inspection team might have about your car.

No, you do not need to be present at the RTO for the RC transfer when selling your car through Spinny. Spinny handles the entire RTO process, including all the required paperwork and submission to the relevant RTO office in Mumbai.

Here’s how the process works:

1. Document Submission: Spinny collects the required documents, including your ID, NOC (if applicable), and the sale agreement, and submits these to the RTO.

2. Formality Management: Spinny’s team follows up with the RTO to ensure the transfer is processed as quickly as possible. This includes ensuring that the RC is updated with the new owner’s details.

3. Completion Notification: Once the RC transfer is complete, Spinny informs both the seller and the buyer, providing the necessary proof of transfer.

The car evaluation process with Spinny in Mumbai is designed to be both thorough and quick. A complete inspection typically takes up to 45 minutes, during which Spinny’s experts check:

• Exterior Condition: Scratches, dents, paint condition, etc.

• Interior Condition: Upholstery, dashboard, and electronic components.

• Mechanical Condition: Engine health, brake performance, transmission, and suspension.

• Tyres and Battery: To ensure they are in good working order.

• Ownership History and Documentation: To verify authenticity and ensure the car is free from any legal issues.

The RC transfer process in Mumbai usually takes up to 120 days, depending on the efficiency of the local RTO and any ongoing paperwork backlog. Spinny takes full responsibility for handling the RC transfer, ensuring that all necessary forms (e.g., Form 29 and Form 30) are submitted correctly to the RTO.

The steps involved include:

1. Form Submission: Spinny submits the RC transfer application and necessary documents (like NOC if the car was under loan) to the respective Mumbai RTO.

2. Follow-ups with the RTO: Spinny's team keeps in touch with the RTO to track the progress of the application and ensure it is moving forward without unnecessary delays.

3. Completion: Once the RC transfer is approved, Spinny notifies you that the ownership transfer is complete, providing peace of mind that the car is no longer registered under your name.

While Mumbai's RTO offices are known for being busy, Spinny's diligent follow-ups help minimize delays, ensuring the transfer is completed within the usual time frame.