Sell Car Online in Mumbai at the Best Price

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.

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.

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.