Buying a car is an exciting milestone, but it can also be a risky venture if the right steps are not taken. Every year, many unsuspecting buyers fall victim to fraud, fake documentation, or hidden legal issues simply because they did not verify essential papers before paying. At Property Media Week (PMW), we believe that due diligence is key when it comes to property and assets – and vehicles are no exception.
Before you hand over your hard-earned money for a car, here are the most important documents you must check carefully:
- Original Proof of Ownership – Confirms the rightful owner of the vehicle.
- Vehicle Registration (License) – Ensures the car is legally registered for use on Nigerian roads.
- Insurance Certificate – Protects you against unforeseen liabilities.
- Roadworthiness Certificate – Confirms that the vehicle meets safety standards.
- Customs Clearance Papers – For imported Tokunbo cars, this is a must-have to avoid future seizures.
- VIN/Chassis Number Verification – Must match the physical car to rule out theft or cloning.
- Change-of-Ownership Form – Legally transfers ownership to you.
- Bill of Sale/Purchase Receipt – Serves as proof of transaction in case of disputes.
PMW Smart Tip: Never rush the process. Always take time to verify these documents with the appropriate authorities such as the Federal Road Safety Corps (FRSC) or Nigeria Customs Service before making any payments.
Buying a car is a big investment, just like real estate. Taking precautionary steps ensures your purchase is safe, legal, and stress-free. For more tips on smart property and asset investments, explore our Real Estate Guides and stay updated with Property Media Week.
