Search

Saturday, 18 July 2015

Procedure to Transfer Vehicle Ownership in Saudi Arabia

If you are buying or selling a used vehicle in Saudi Arabia, you are in need to know about the procedure to transfer vehicle ownership. The Procedure to Transfer Vehicle Ownership in Saudi Arabia is not very complicated but still there are some points which you need to take care. In this post, I will provide a step by step guide to Transfer Vehicle Ownership in Saudi Arabia. I always prefer used vehicle over new vehicle as you can save some money by buying one year old model.



Procedure to Transfer Vehicle Ownership in Saudi Arabia
  1. First of all, you need to search for a used vehicle. Although most of the people know how to look for a used vehicle but it is a good guide for them who don’t know about it “How to Search for a Used Car in Saudi Arabia
  2. There are many factors which you need to consider before making the final decision to purchase the car, these factors have been summarized in this link “Factors to consider before buying a Used Car
  3. Once you have made up your mind and arranged the required cash to buy the car, you along with owner of the car have to visit the office which transfers the ownership of the vehicle. There are many offices in Jeddah which perform this service.
  4. However, if you go to the Maroor office located in Haraj for the transfer of ownership, the vehicle ownership will be transferred within few minutes. They open this office 7 days a week. Seller will be required to pay the buyer before signing the transfer deed. The official will check your original iqama, driving license and vehicle registration card. You will also have to sign this form in the office. Recommended: Download form to Transfer Vehicle Ownership in Saudi Arabia
  5. You will receive a message from the MOI that vehicle ownership has been transferred to your name. Similarly, seller will also receive a message that ownership of the vehicle has been transferred from his name. The fee for the transfer of ownership is around SR 400. Moreover, you will also be charged for the third party insurance which costs around SR 750. They will keep the vehicle registration card of the used vehicle and print a paper for you stating the details of your car and vehicle registration number. You will have to go to the Maroor office in the main city to get the Vehicle Registration Card.
  6. If you don’t need all this hassle, you can go to any office in the main city for the transfer of ownership. They are private offices and charge a little extra amount. They will take copy of Iqama, driving license and vehicle registration. Seller will be required to pay the buyer before signing the transfer deed. The cost of transfer of ownership is around SR 550 here. Cost of insurance is almost same even here i.e. SR 750. By law, the buyer needs to leave the vehicle in the premises of the officer as the vehicle has not been transferred to the name of the buyer yet. But actually they don’t have enough parking spaces so it is not required now. Next day, buyer will receive a message from MOI that a vehicle has been transferred to his name. Similarly, seller will also receive a message that ownership of the vehicle has been transferred from his name. Buyer needs to visit the same office where he signed the transfer deed to collect the vehicle registration card.
  7. It is very important that there is no unpaid fine on the name of buyer or seller. In case of fine, vehicle ownership would not be transferred. Moreover, buyer takes the vehicle after making payment but actually the ownership is not transferred. It is not legal by the way. However, buyer should make sure that he does not commit any traffic violation during the time ownership is not transferred to his name. Otherwise, transfer of vehicle ownership will be halted.


Driving License
  1. Getting Driving License in Saudi Arabia
  2. Passing Computer Test for Saudi Driving License
  3. Check Originality of Saudi Driving License
  4. Renewal of Saudi Driving License
  5. Payment of Fee for Renewal of Saudi Driving License

0 comments:

Post a Comment

Facebook

Follow us in Google+