When you scrap your old vehicle through an authorised scrapping facility, you receive a Certificate of Deposit (CoD).
This certificate allows you to claim:
- Up to 25% road tax concession
- Registration fee waiver
- Manufacturer scrappage discount (4–6%)
But what if you don’t plan to buy a new car right now?
Or your new purchase doesn't require a CoD?
Instead of letting your CoD expire unused, Carbasket now allows you to sell or re-trade your Certificate of Deposit on its verified platform.
This means your CoD becomes an asset, not a wasted opportunity.
Why Sell or Re-Trade Your CoD on Carbasket?
✔ Monetise your CoD instantly
If you don’t plan to buy a new vehicle, sell your CoD to someone who needs it.
✔ Secure & verified marketplace
Carbasket only lists CoDs that are genuine and RTO-verified.
✔ High demand = high value
Customers buying new vehicles actively seek CoDs to avail 25% tax benefits, increasing the resale value.
✔ Zero risk of fraud
All CoD transactions are documented and validated before transfer.
✔ Simple, fast process
Upload → Verify → Sell → Get paid.
How CoD Selling/Re-Trading Works on Carbasket
1. Submit Your CoD
Upload your CoD on Carbasket's CoD Marketplace Portal.
Carbasket verifies:
- CoD authenticity
- Vehicle details
- Validity
- Owner information
2. Set Your Price
You can list the CoD for:
- Fixed price
- Bid-based price
- Best-offer sale
Carbasket guides you on market value.
3. Buyers Contact You or Auto-Match
Customers who want to purchase a new vehicle and need tax benefits can:
- Buy directly
- Place an offer
- Auto-match based on vehicle type and benefit value
4. Secure Transaction
CarBasket ensures:
- Buyer KYC
- CoD validation
- Payment security
- Documentation support
5. CoD Transfer
CoD can then be used by the buyer during new vehicle registration to claim tax benefits.
Important: CoD Is Legally Transferable
The scrappage policy allows the CoD to be used by:
- The registered owner OR
- Anyone to whom the CoD is officially transferred
Carbasket ensures the transfer is fully legal, documented, and compliant.
Why Scrap Your Vehicle With Carbasket?
(And Why It Matters When Selling Your CoD)
CoDs are issued only when the vehicle is scrapped legally through an Authorised Vehicle Scrapping Facility (AVSF).
CarBasket plays a crucial role here:
✔ Doorstep pickup of your old vehicle
Old, damaged, non-running, accidental — we pick up everything.
✔ Scrapping only through verified, licensed RVSFs
Which means your CoD is 100% valid and legally transferable.
✔ Guaranteed RC cancellation
So your old vehicle never comes back on the road or becomes a legal risk.
✔ Instant CoD generation on VAHAN
Required to sell or re-trade the CoD.
✔ Eligibility to list your CoD on Carbasket marketplace
ONLY CoDs generated via authorised scrapping are eligible for resale.
✔ Safe, transparent, documented transactions
Protecting both sellers and buyers.
In short:
If you scrap with Carbasket, your CoD is valuable, verified, and saleable.
FAQs: Selling/Re-Trading CoD on Carbasket
1. Can I legally sell my CoD?
Yes. The Certificate of Deposit can be transferred and used by another buyer for claiming scrappage benefits.
2. What happens if I don’t use my CoD?
If unused, the CoD holds no value.
Selling it allows you to earn money instead of letting it expire.
3. How much can I earn by selling my CoD?
It depends on:
- CoD benefit value
- Type of vehicle the buyer is purchasing
- Market demand
- Road tax bracket
CoDs with higher tax benefit value usually fetch a premium price.
4. How does Carbasket ensure the CoD is genuine?
CoDs are verified through:
- VAHAN Scrappage Module
- RTO cancellation records
- CoD certificate ID check
- Owner authentication
Only authentic CoDs are approved for listing.
5. Is there any risk in selling my CoD?
No. CarBasket handles:
- Document verification
- Buyer KYC
- Secure payment transfer
- Proper CoD assignment
6. Can a CoD be used for any vehicle purchase?
Yes, CoD can be used for:
- Personal vehicles
- Commercial vehicles
- Two-wheelers
- Cars
- SUVs
As long as it is applied at the time of registration.
7. How long is a CoD valid?
Generally valid for the life of the policy, until used one time for a new vehicle purchase.
8. Why is selling a CoD beneficial?
If you aren’t buying a new car, selling your CoD means:
✔ You earn money
✔ Someone else gets tax benefits
✔ Zero wastage of government incentives
9. Will Carbasket help with CoD transfer documentation?
Yes. Carbasket provides complete documentation support for safe transfer.
10. Can I buy a CoD from Carbasket?
Yes, anyone buying a new vehicle can purchase a CoD to avail tax benefits (subject to RTO rules).
