Buying a second-hand car comes with its set of considerations, not the least of which is managing the FASTag associated with the vehicle. As FASTag has become mandatory for all vehicles passing through toll plazas on national highways, understanding how to handle FASTag for second-hand cars is crucial for a seamless ownership transition and uninterrupted travel.

This article will guide you through managing FASTag when selling your car or buying a second-hand vehicle that already bears a FASTag.

Selling my car or buying a second-hand car bearing a FASTag

But how do you get a FASTag for a second-hand car? In a second-hand car transaction, you must ensure that the FASTag is transferred to your name or that you obtain a new FASTag for the vehicle. The process involves a few steps, starting with deactivating or closing the existing FASTag account linked to the car by the previous owner.

Following this, the new owner can apply for a new FASTag under their name, ensuring that all toll payments are correctly attributed and processed without issues.

FASTag for second-hand car on Bajaj Finserv

Obtaining a FASTag for a second-hand car or managing the transition can be streamlined using the Bajaj Finserv BBPS platform.

Here is how you can go about it:

1. Closure of existing FASTag: The previous owner should contact their FASTag issuer to deactivate the existing FASTag account linked to the vehicle.
2. Application for new FASTag: The new owner can apply for a new FASTag for the second-hand car through the Bajaj Finserv BBPS platform or the Bajaj Finserv App. The process is simple and requires submitting the vehicle's registration details and completing the KYC process.
3. Payment and activation: After applying, the new owner can pay for the FASTag, which might include a refundable security deposit and the first minimum balance.

Note that a convenience fee of up to 2% will be billed according to the transaction amount and payment mode (including applicable taxes)

In conclusion, managing FASTag for a second-hand car involves foregoing the existing FASTag account and applying for a new one under the new owner's name. Platforms like Bajaj Finserv simplify this process, offering a convenient and efficient way to ensure your toll payments are seamlessly managed as you take ownership of a second-hand vehicle.