Buy & Sell Vehicle Scrappage Certificate of Deposit (CD / COD) in India

Is Buying or Selling a CD Legal in India?

Yes. Buying and selling a scrappage CD is legally permitted under India’s Vehicle Scrappage Policy (2021–2025).

A CD is treated like a benefit token, which the owner may:

• Use
• Gift
• Transfer
• Sell

This is legally allowed, as long as:

• CD must be unused
• CD must be verified
• Proper transfer documentation/agreement must exist
• Buyer details must be recorded

CarBasket ensures the process is 100% safe, transparent, and compliant.

💼Why People Sell Their CD

• They scrapped a vehicle but are not buying a new one
• Fleet owners have extra CDs
• They prefer to convert the CD into cash
• High CD value in the current market

💰 Why People Buy a CD

• Want road tax discount on new vehicle
• Commercial vehicle buyers save ₹50,000 – ₹1,50,000+
• Car buyers save ₹10,000 to ₹60,000 depending on state
• Combine OEM incentive + CD discount for maximum benefit

How to Buy a CD Legally in India

• Contact CarBasket or fill & submit the form
• Share your new vehicle details
• We match you with a verified, unused CD
• Complete legal transfer documentation
• Receive CD digitally
• Redeem CD at your dealership
• Get instant road tax concession

CDs are accepted by dealerships across India.

How to Sell Your CD Safely

• Share your CD number for verification
• CarBasket checks authenticity & unused status
• We confirm the best market price
• Complete transfer agreement
• Instant payment via UPI / Bank Transfer

Zero fraud guarantee – Verified transfer only. No middlemen.