OP Smart Contracts – Safe car sales between private individuals
Buy or sell a used car, motorcycle, snowmobile or campervan, from one private person to another
A free service for the customers of all Finnish banks
The same service can also be used to get financing and insurance
A free service for buying and selling used vehicles for the customers of all banks
A service for the customers of all banks
You use the service with strong identification, and we automatically check the ownership data of the used vehicle. You can use the service to sell a vehicle of which you are the sole owner.
Draw up a deed of sale for your vehicle easily, correctly and free of charge
The service allows you to easily draw up a deed of sale for a used vehicle without any charges. The deed of sale includes vehicle information verified by Traficom.
Safe payment, financing and transfer of vehicle ownership
You can file your transfer notification smoothly in the service. The transaction price can be paid by online payment or OP’s financing, and it will only be transferred to the seller when the vehicle’s transfer notification is made.
Insurance and register the vehicle right away
After a successful purchase, you can easily insure and register your new vehicle in the service. Drive safely!
Apply for financing for a used car or other vehicle in advance
- Apply for financing in the OP Smart Contracts service, and you will get your financing decision immediately in most cases.
- You can apply for financing even if you don't have a car or other vehicle purchase ready.
- The application is free of charge and does not obligate you to use the financing.
- The financing is designed for any bank's customers
- The first invoice always comes with no interest or charges
- The interest rate of the financing follows the market at a steady pace
Insure and register your vehicle smoothly
- You can buy Pohjola Insurance's motor vehicle insurance and register your vehicle in the OP Smart Contracts service when you purchase the vehicle
- Our motor liability insurance’s starting bonus is at least 40 %, with a maximum bonus of 80 %.
- You can also get comprehensive motor vehicle insurance for better coverage for your vehicle.
- You now get a 20% online discount on comprehensive motor vehicle insurance for a passenger car when buying the insurance online.
How the OP Smart Contracts service works
Seller:
Go to the service and identify yourself with your bank’s user ID. Add a new car or motorcycle for sale and follow the service’s instructions. Finally, invite a buyer to the service by entering their contact information.
Buyer:
Go to the service and use the user ID of your bank for strong electronic identification. Log in to the service as a buyer and search for the deed of sale by entering your phone number in the search field. You can also apply for financing through the service. In most cases, you will receive your financing decision immediately. If you have applied for financing in advance, you will see the amount of financing granted on the My Sales page.
Fill in, check and accept the vehicle's deed of sale. Next, you must pay the transaction price. Only make the payment on the OP Smart Contracts service. You can decide yourself which amount you pay using online payment, and how much of OP's financing you wish to use. The payment will be held in OP's customer asset account until the seller has made a transfer notification for the vehicle.
Seller:
Make a transfer notification for the vehicle free of charge through the service. We will transfer the transaction price paid by the buyer from OP’s customer asset account to the account indicated by you when the transfer notification has been filed. It may take a few weekdays for the transaction price to be transferred to your account. Congratulations on a successful sale!
Buyer:
The vehicle you purchase must have valid motor liability insurance before it can be registered. You can buy motor liability insurance and an optional comprehensive motor vehicle insurance for your vehicle easily in the OP Smart Contracts service.
Buyer:
Register the vehicle within seven days of the seller’s transfer notification. After the transfer of ownership, insurance and registration are taken care of, you’ve finished! Congratulations on your new vehicle - and safe driving!