General information
The vehicle or numbered unit is accepted for sale from the owner or his representative (more: Persons who may place the vehicle for sale) after inspection of the vehicle or numbered unit and if the trader has all the documents required for sale of the vehicle or numbered unit (more: Necessary documents), as well as if the technical data of its records correspond to the data indicated in the submitted documents and there is no suspicion of forgery of the unit number or submitted documents.
Important! When a vehicle is accepted for sale, the previously concluded owner's insurance contract (OCTA) is terminated.
Before a merchant accepts for sale a vehicle or numbered unit not registered in Latvia, it must be presented for vehicle data verification in accordance with the procedures specified in regulatory enactments regarding registration of vehicles (more: Certificate on vehicle data verification).
A vehicle registered in Latvia shall be accepted for sale if the vehicle has been removed from the register for alienation in Latvia or export from Latvia. If the vehicle has been removed from the register by 01.01.2016, the registration certificate has been returned and a CSDD note has been made in it regarding the removal of the vehicle from the register for alienation in the Republic of Latvia or export from the Republic of Latvia. If the removal from the register was performed after 01.01.2016, the registration certificate may not be returned and it may not contain a note on removal from the register. In this case, it is possible to verify whether the vehicle has been removed from the register by entering the data on the acceptance of the vehicle for sale in the Trade Register. If the vehicle is not removed from the register, a ban on accepting it for sale will appear in the Trade Register.
A merchant must draw up a deed regarding the acceptance of a vehicle or numbered unit for sale in two copies. One copy of the deed is issued to the owner or his or her representative who has placed the vehicle or numbered unit for sale, but the second copy of the deed shall remain with the merchant. The deed is a printout from the Trade Register. If the deed is drawn up incorrectly, it may be revoked on the day of drawing up.
In addition to the deed, the merchant and the owner of the vehicle or numbered unit or its representative may enter into a written agreement specifying additional conditions for the sale of the vehicle or the numbered unit.
The deed shall be signed by the owner of the vehicle or numbered unit or its representative and the representative of the merchant.
The second copy of the deed and other documents necessary for the sale of vehicles, which do not have to be handed over to the acquirer, or copies of the documents shall constitute the trade records of the merchant. The records of the merchant's vehicle sales activities shall be kept at the point of sale for five years.