When selling your car (find out how Instant Offer works), the yellow Change of Ownership form is the second most important document you need to fill in and submit. (The most important one would be the car's registration document.)
Related: What paperwork do you need to sell your car privately?
The Yellow Notification of Change of Ownership form, or NCO, is a legal requirement in South Africa.Here's what you need to know about it:
Selling your beloved wheels? That yellow form has to be filled in by the seller and the buyer.
1. What is the Yellow Notification of Change of Ownership form?
When a car is sold, the Yellow Notification of Change of Ownership form is a legal document that both the seller and the buyer must fill out and sign. The form can be found on the internet and downloadedhere, or it can be collected at your local traffic department. Or click on the link below:
The Yellow Notification of Change of Ownership, explained.
We've also discovered this very handyNCO (Yellow form) generator that allows you to fill in the form directly instead of by hand. You just download or print it when you're done!
The NCO form is divided into three sections:
- Transferor / Form 1: The car's owner or title holder is the transferor.
- Transferee/Form 2: The individual purchasing the vehicle and assuming ownership is the transferee.
- Details of the car / Form 2.
- Complete both forms.
- Click/Tap »Generate.
- Print, download, or email.
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2. Why is the Yellow Notification of Change of Ownership form so important?
Regulation 53 of the National Road Traffic Act says that no one can buy, sell, or trade a car that isn't registered or hasn't been licenced. The Yellow Notification of Change of Ownership form is needed to let the government know that there has been a change of ownership. If the government isn't informed, the seller could still be responsible for the fines from the previous owner if the car is still in their name.
3. How should you complete the Yellow Notification of Change of Ownership form?
Parts A and C of the form should be filled in by the seller, while part B should be filled in by the buyer.
- Part A has the seller's or owner's information and a statement from them that they have given or sold the car and that their information is correct.
- Part B has the buyer's information and a statement from them that they have received the car and that their information is correct.
- Part C is about the car in question, including the licence number, VIN number, make, and the reason for the change of ownership.
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4. What can happen if you make a false declaration on the Yellow Notification of Change of Ownership form?
If you lie on the Yellow Notification of Change of Ownership form, you could be fined, imprisoned for a year, or both. Not really worth going to jail for, is it?
