Can Certificate of Deposit Be Transferred To a Family Member for Best Scrap Value for Car?
Many car owners are surprised to hear that a scrapped vehicle still offers future value. The Certificate of Deposit (CoD) not only proves that your vehicle was scrapped, but it also helps you or your family save money on a new vehicle. At Oxygen Auto, we often assist customers who are looking for the best scrap value for my car and are looking to transfer the benefits to their family. We are always happy to help and keep everything legal. 1. What is a Certificate of Deposit (CoD) When you scrap your vehicle, you are issued a Certificate of Deposit (CoD). This certificate is a digital document that is created on the government Vahan portal. It proves that your vehicle was scrapped correctly. This certificate can be used to obtain a discount on a new vehicle. It can also be used by your family. 2. Can You Transfer CoD to a Family Member? Yes, you can transfer your CoD. The government allows this since it is a financial benefit. Your family members can use...