Buy A Car With No Licence «360p 2026»

Most banks require the car to be insured before the loan is disbursed. While the policy can be in your name, you must provide the details of a licensed primary driver to satisfy the insurer's risk assessment. 3. Insurance and Claims

A driving license is not a mandatory document for the transfer of ownership or registration of a vehicle. buy a car with no licence

Lenders like Bajaj Finserv primarily focus on your financial stability and identity proof (PAN, salary slips) rather than your ability to drive. Most banks require the car to be insured

Any government-issued ID like an Aadhaar card, PAN card, or Passport is sufficient for the purchase. Insurance and Claims A driving license is not

While the law allows you to purchase a vehicle as an asset, it strictly prohibits you from operating it on public roads until you have a valid license. Below is a detailed report on the requirements, benefits, and limitations of buying a car without a license.

To secure coverage, you may need to list a family member or a professional chauffeur as the primary driver on the policy.

Some insurers offer a "Loss of License or RC" add-on that provides monetary compensation if your physical documents are lost, though this does not permit unlicensed driving. 4. Legal Limitations and Driving