When you purchase a new or used vehicle in Gauteng, there are some costs that you may not have considered like the vehicle change of ownership cost Gauteng. let‘s check!
What is the vehicle change of ownership cost in Gauteng? The cost of changing ownership of a vehicle in Gauteng is R150, R100 for the registration certificate, and R50 for the transaction. That means the total amount you need to pay for ownership is R150. This fee is only if you change the ownership within 21 days of buying the vehicle, if it’s more than 21 days the cost can be R500 or more.
In this blog post, we will take a look at the various costs associated with transferring ownership of a vehicle. We will also discuss ways to reduce or eliminate these costs.
How Vehicle Change Of Ownership Cost in Gauteng Works?
To change the ownership of a vehicle in Gauteng, South Africa, the owner will need to complete a form and submit it to the local traffic department. The form will require the following information:
- The current owner’s name and contact details
- The new owner’s name and contact details
- The vehicle registration number
- The vehicle make and model
Once the form has been submitted, the traffic department will process the request and issue a new ownership certificate. The cost of this service is R100.00. The new owner will then need to register the vehicle in their name for R50.
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Penalty for vehicle late change of ownership in South Africa
The penalty if you don’t finish the process of changing ownership within 21 days is R500. This increases to R1000 if the vehicle is older than 5 years old (terms and conditions may apply). You can avoid penalties if you can prove that the delay in registration was caused by circumstances beyond your control, such as the death of the previous owner or an insurer’s refusal to compensate you.
People also ask
How much does car change of ownership cost in Gauteng?
The actual fee is R150 for the ownership. The cost of this process will vary depending on several factors, including the make and model of the car, the province in which you live, and whether or not you require any additional services. However, if you’re late in the process, you can expect to pay an additional between R100 to R500 for a change of ownership in South Africa.
Can I do a change of ownership of the vehicle at the post office?
Unfortunately, you cannot do a change of ownership at the post office. You will need to contact the official traffic department for the change of vehicle ownership.
Let’s Recap!
A change of ownership for a motor vehicle costs an average of R150 to 500 in Gauteng. This fee is levied by the National Department of Transport and collected by the Road Traffic Management Corporation (RTMC). The cost goes towards the administration of vehicle changes, including new license plates and number plates. Other provinces charge different fees for changing vehicle ownership.