So, you’ve bought or sold a car; what’s next? Changing ownership is not just about signing papers. A process (and some costs) are involved. Don’t worry. We’ve broken it down from how to change your vehicle ownership to making sure you and your new car are covered every step of the way, too!
How Much Does Vehicle Ownership Cost?
The cost of changing ownership depends on where you are and what’s required. Here’s a quick breakdown of the typical expenses:
- Change of Ownership Fee: This is capped at R330, as gazetted in May 2023.
- Roadworthy Certificate: Expect to pay between R500 and R800 per vehicle at a roadworthy inspection centre.
- Vehicle Licence Fees: These vary by province and car type, ranging from R500 to R1 500.
Pro Tip: Costs can change, so double-check with your local licensing department before starting the process.
RELATED: THE HIDDEN COSTS OF CAR OWNERSHIP.
Steps to Transfer Ownership
Changing ownership is easier when you know the steps. Here’s what you’ll need to do:
1 - Get Your Documents Ready:
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- Both the buyer and seller need to provide copies of their IDs and proof of address.
- The seller must hand over the vehicle registration certificate.
- A valid roadworthy certificate is required.
- A Notification of Change of Ownership (NCO) form (both buyer and seller need to sign this).
Find all the forms you need here at the NATIS website.
2 - Visit the Licensing Department or Post Office:
Fill in the Notification of Change of Ownership (NCO) form and submit all the documents.
3 - Pay the Fees:
These include the ownership transfer fee and any outstanding licence fees.
Pro Tip: Any changes to the vehicle owner or title holder’s details must be reported to the relevant registering authority within 21 days of the change.
For a full guide, links to forms, and who to contact, check out this article by the SA Government: Change owner or title holder particulars for a vehicle.
What About Your Car Insurance?
Don’t forget to cancel your car insurance if you're selling your car.
Upgrading to a new ride? Update your policy to match your new vehicle. At dotsure.co.za, we make adjusting your motor insurance online quick and hassle-free! Simply sign in to your Manage Portal!
Why It’s Worth It
Changing ownership isn’t just a legal requirement; it’s peace of mind. Knowing your car is correctly registered in your name (or the new owner’s) avoids potential issues down the line. For example, if the new owner gets a speeding fine for a car still registered under your name, guess who’s paying? That’s right, you’ll be sent the fine.
For seamless car insurance to match your new (or new to you) ride, visit dotsure.co.za today. We’ve got your back every step of the way!