Never seen so many fantasists in the comment section 'this is illegal' 'you're going to jail' 'you need non registered keeper insurance' 'it's an offence to not register a car immediately' - I'm sure you'll all get so far being good little rule followers and the government will reward you for you subservience 👍
Another V5 issue, highlighted in an excellent video by Scottish Car Clan, is in relation to log book loans; they had bought a car, HPI clear, received the then sold it on 6 months later. The next buyer went to trade the car in and it was now coming up as having a logbook loan against it. The first seller had applied for duplicate V5 gave the’”lost” one to the SCC guy, then having retained the current V5 simply applied for a loan against the car *after* he had sold it…
If the guy had evidence he bought the car before the loan was granted this is classed as fraud and the loan would be removed against the car Or personally I've had them before and just stripped the car or buy an accident damaged one and swap everything over just to get some money back 👌
@@XBMCXBOX I’ve no idea what the outcome eventually was, however chances are the finance company would repossess the car and then you’d have to fight to get it back. The law up here is slightly different, whereas down south the finance company would be able to seize the car from the innocent new owner, up here as long as you can prove the car was bought in good faith at a fair price then they can’t take it back, unless you’re a trader…
@@Graham-rc1cp If you sell a car then it's no longer yours and in that light the V5C is *not* proof of ownership but regardless the finance company should have checked the registered keeper first. If the car was sold to and registered by the new owner _and then_ a loan was taken out then well, that's too bad for the finance company. They can only repossesses the car with a court order and although it can happen (I've seen it) if they repo' a car and it then transpires that they don't actually have a legal interest in the vehicle then compensation is payable and can be quite a bit. But yes, the law in Scotland around car finance is pretty good and correctly places the legal burden on the finance company, rather than protecting them from their own possibly intentional ignorance. *TL;DR:* So long as the new owner had a dated bill of sale from the previous legitimate owner, had registered the vehicle in his name and the finance was taken out _afterwards_ then it's not the new owner's problem.
@@loc4725 Correct, however it’s like Parking Charge Notices, the law in Scotland is different, yet the English parking companies quote the law down there to try and frighten people into paying.
I always take a cordless angle grinder and 6 discs when I'm visiting England. It's quite satisfying cutting off unwanted attachments , just cut a link out the chain , not the lock . Then send a postal order to pay "pro rata" for 1 chain link. Usually £2.50 maximum.
Another good tip not very well known is if a vehicle has been taxed whilst in trade in full, not by direct debit and then sold to a private person afterwards, the remaining tax stays on the vehicle. We've done this many times when using a car as a run about. Usually only a £20 or £35 tax car but we can't then claim back the tax so the new keeper might as well benefit from it and not pay the government twice.
Done the tax dodging loads of times. You have about two weeks before you get a letter from them. Then another week before you get a threatening letter. Soon it before that second letter. Leave it for two weeks without use. Then tax again for the following month. Then repeat.
Never realised about using trade when occasionally buying and selling cars I always put them in my own name then having to tax etc. I will keep this in mind on my next acquisition
Let me give another slant to the yellow section. I traded a car. The dealer said he did the yellow section whilst I was there. 6 weeks later I got a speeding ticket. He hadn’t completed it. Always do it yourself!
Some great tips there, thanks! 👍 About the tax / direct debit one (brilliantly cheeky btw if you just need to move something for a few days!): if you cancel the DD, do you then need to make sure you SORN it? Or does that happen automatically?
Something i never came across, saw and bought motorbike from Northern Ireland. Came originally from England but disappears off DVLA when it went to NI. I did vehicle check wasn't on DVLA. I thought odd. Called DVLA, they said yes it was correct, will come back on the Wales England register when i send in the new keeper form my address in England.
Prices on that carwow auction are insane😂I prefer to source vehicles myself on eBay it’s more of a headache but we are slightly different than most in that we buy and repair from cat s and n to engine failure so we aren’t looking for clean. Still, absolutely overpriced no wonder some dealers are pricing their stock so high they are paying too much. We buy a lot from copart and synetic too.
@Mark--- yes. 15 years ago it didn't say anything and 20 years before that it was the reg plate that was recorded so of changed plates it wasn't recorded. Go figure lol
I put one into trade over a month ago then last week got a letter from dvla saying I was caught on a tax camera for driving an untaxed vehicle although it was in the trade and had trade plate on the windscreen
Sold a van late February, posted V5, bank took tax payment for March. New keeper taxed van from 1st March so I waited for refund and still have not received it, contacted DVLA and have been informed that refunds are only issued from the day they receive the V5, NOT from when the vehicle was actually sold (their policy). How is this right? Double duty has been paid on this vehicle for March
Great Vid, On the tax and setting up a direct debit loop hole, if you sorn the vehicle after a couple of days will the direct debit be automatically cancelled? Cheers 👍
I just bought a car from an insurance company and need to tax my car. I have sent off the v62 form 3 days ago and pick the car up I 2 days. DVLA says I cannot tax the car as it is not in my name yet. Not sure if a post office will be able to help unless I send a 2nd v62 form away I do have photos and receipts of the first v62 form
What do you if you buy a car from auction and you do not get the v5 number, I have been putting these cars in my personal name is this wrong or should I do something else
Car has private plate and looking to sell the car and retain the plate. Don’t want to remove the plate in case car doesn’t sell though. Will I have to wait for new v5 beforehand I can sell the car?
Question ... how long does it take to get a new number plate? My car was registered new with a private plate, and upon buying the car I put my private plate on. When I eventually sell my car and put my private plate on retention how long will I have to wait to get a new (unissued) registration? Cheers 🖖
If you do it online it'll be immediate! And it'll usually be the vehicles original VRM so your old plates should be fine. Remember to tell your insurers...
l was at a BMW main dealers to buy a thirty grand plus four series and the dealer wouldn't let me touch the V5 because of GDPR and he had his fingers over the previous keepers address and expected me to see what l wanted from the other side of the desk
My 4x4 had 2 keepers when I sent the V5 off, came back saying 5. DVLA wouldn't admit they have made a mistake. 100% they messed up. They just say it's data protection and nothing can be done.
had trouble before taxing a motor just off a v62 because i didnt have the previous owners post code? could be that i bought the car as a police repo maybe?
car needs to be in Trade to tax on a V62, if not in trade you need the last keepers postcode, here's another tip, if you want to tax a car as a new keeper and have v5c but green slip is missing simply put a number (such as 3) in front of the doc reference number from the v5c and it will tax online as a new keeper, select you have the green slip when taxing
Free road tax by driving on the pavements instead of on the roads, free fuel by fueling up an running off without paying, free insurance but just got to run off if in any sticky situation, free car by using a screw driver, everything free
I have a question, if I am a limited company without motor trade insurance, Can I transfer the vehicle to trade? And what should I do if I need to drive the car back to my home for 3 hours, should I insurance and tax the car?
Great videos mate and following you religiously now! I'm a new trader with a limited company. How do I get a V5 for a car being sold at auction without one? Aston Barclay has cars I'm interested in but are being sold without a V5. How do I get a V5 so that I can sell the car on without adding my personal details and adding a new keeper? If that makes sense? Cheers
You can't but what we do in that case is fill out a V62 with new owner details, (your buyer) write the dvla a cheque or postal order for £25 and let the owner tax it at the post office before collection or do it for them (just charge them the tax amount)
As a new trader I have a question. When buying a car in trade and been given the V5 by the trader with all the supporting documentation. When I sell that car and follow the instruction on the DVLA website for 'change of ownership' isn't it going to ask for the original dealers details who first put the car into trade? So I guess my question is, if that car has gone through a couple of traders beforehand how will I know the original dealers contact details for the DVLA change of ownership website? And do customers ask questions when you are on the DVLA site in front of them but not inputting your dealer details (if you have them)? Hope I've explained that correctly?
Bought a car a month ago not happy with the car spoke to dealer not going to give me money back what's the best way forward not as advertised 65k on odometer 170k on auction report
Ridiculously, yes (unless it's SORN)! The law says that you must normally have at least third party motor insurance if you drive or own a vehicle. You must also have insurance if you leave it parked on the street, on your driveway or in your garage. You don't need motor insurance if: you have a valid Statutory Off Road Notification (SORN) your vehicle has been kept off a public road since before 1 February 1998 your vehicle has been scrapped, stolen or exported and you have given notice of this your vehicle is between dealers or is being held in stock by an authorised dealer.
Do I only need to keep a paper trail of people if I sell the car to another trader? If I sell there car to a person/individual do I not need to bother.
There is a difference between Keeper and Owner.... The v5 is only concerned with the current keeper. Identifying the owner is a far more complicated problem... lol Also, opening a letter that is not addressed to you leaves you subject to criminal prosecution, as does failing to notify the DVLA where a change of keeper has occurred.. Your method of cherished plate retention is encouraging people to commit a criminal offence, so you know...
I have an ongoing issue with the V5 from the car I part exchanged with a dealer against a newer car. As the car was over 3 years old they sent it to Auction. Whoever bought it has not completed the V5, and it is still showing as Trade. I have had two speeding tickets for it. I have contacted Speed Enforcement, and they say until the V5 is completed the Speeding Tickets etc will go to the Last Registered Keeper; which is me! Very Annoying!
I have contacted the DVLA, and they have sent me a covering letter stating I am no longer the owner of the vehicle. I wish I knew who had purchased it. I have contacted the Auction Company. They know who bought it, but cannot pass on the information to me. This has been going on for two years. I have been back to the dealership as they have to receive the Speeding Tickets from me to then send to the Auction Company to return to Speed Enforcement.
@@paulfrowde4145 oh dear bud, problem is if you did a letter dated later than the speeding fines your on the hook, only way round it is actually apply to court to sign a statutory declaration in front of a judge and that overrides every thing, I've done that couple of times, I always put the customers car directly into trade on line in front of them so their liability is off St away, I've had buyers copping for tickets as soon as they drive off.
This is why I left the telematics running when my car was written off and went to auction I kept all the data from the first week before shutting it down Once bitten etc, and I am just a private owner
Just had my first customer who was not happy with the car because the fog lights are not working. I offered to fix it for them or a full refund. They said refund lol. The log book has been sent of in there name already.. should I send the refund with out getting the v5 first?
Handy for trade to know and Your disabled customers, who claim PIP. If you qualify for PIP and have 12 points for mobility issues you can claim 100% car tax free one one car. If you sell or change your car with disabled £0 tax. It has to be taken off £0 disabled tax. If you have PIP and you know you are going to change your car apply for an upto date Certificate of entitlement to personal independence payment serial number. Buyer has to take this to the post office with the log book to register the car as £0 disabled this can not be done online for the first tax. After 1st time the car can be taxed online until you sell it or scrap it. i for got this and am setting her with a new car to me waiting for this letter to tax my new car. i have insurance for it.
Can you remind people that "road tax" does not exist because the amount of people still thinks this mythical road tax thing still exists its mind blowing 😂
Hi great channel been subscribed for a few months now. I'm looking for a cheap place to get my first trade insurance do you know of any places ? . Iv had 5 quotes now all for over £2200 and Iv got 14 years now claims on my standard car insurance 😢 ouch. Any info would be appreciated.
@@roystonvehicles9129 wow £4000 that's ridiculous how much there charging you would need to sell 3 or 4 cars just ro pay off that . I'm just trying to find my first trade insurance and I'm shocked at the prices . Cheers for the info
Is there anyway of getting round the BCA trader rules to bid online used to buy my personal cars there Lex auto lease cars every few years would like to buy again hope they open in person again soooon
You'll have to show trade insurance, so probably no, Aston barclay accept private buyers with 500 deposit and 2 forms of id, you'll be on high buyers rates tho.
7:59 Except you (the seller) can be fined up to £1000 for this, the driver is also breaking the rules. The owner would also need 'non owner' insurance for a car not registered to them. If they did have an accident in the first week and the insurance was deemed invalid because of the sellers actions it could come back to bite you. See the following- The Vehicle Excise and Registration Act 1994 (as amended) Offence of using an incorrectly registered vehicle (1)A person is guilty of an offence if, on a public road or in a public place, he uses a vehicle to which subsection (2) applies and in respect of which- (a)the name and address of the keeper are not recorded in the register.....A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale. I've known traders to keep the v5 for months until the warranty expires.
I think you’re taking things a bit too literally there! The sales receipt is the proof of ownership. It literally says on the V5 ‘this document is not proof of ownership’ 👍
@@Jinxer121 This is very interesting. Are you a trader, or you have a car that just was not registered with the new keeper by one reason or another? It tells for me that putting a car into trade means the trader is the real owner, not just a keeper, and the car is not registered with DVLA and it is not a subject to legislation. No need for tax, councils can not search the car in DVLA Database for parking fines. I bet you can also beat ULEZ and other CAZ in other cities. Did you ever tried? It is covered by trader's insurance. How easy is to become a trader?
@@dmitrikhmelevski9214 I have trade insurance and haven't been into a ulez zone. I have been in hospital parking lots of times but don't go out of my way to get tickets.
@@ShiftingMetal It's probably a law that isn't well known in the trade. The law and insurance both tend to take things literally! I know when I have filled in online insurance quotes I have to tick the box to say that I am the 'Registered keeper', after all it could be owned by the finance company. Keep up the good work 🙂
@@andrewsilver4769 you have to tax it online free each year,if it's been off the road for some time You need an mot then register it as historic Stops dodgy geezers trying to flog the plates of cars that can never be roadworthy
Never seen so many fantasists in the comment section 'this is illegal' 'you're going to jail' 'you need non registered keeper insurance' 'it's an offence to not register a car immediately' - I'm sure you'll all get so far being good little rule followers and the government will reward you for you subservience 👍
This is a big societal problem that really needs to be addressed
Sorry, not a politics channel 😂
Roles are maid to be bent 🎉
The law is black and white!! With many shades of grey in-between 🤣. Do what needs to be done (with in reason)
😂😂😂
Another V5 issue, highlighted in an excellent video by Scottish Car Clan, is in relation to log book loans; they had bought a car, HPI clear, received the then sold it on 6 months later.
The next buyer went to trade the car in and it was now coming up as having a logbook loan against it.
The first seller had applied for duplicate V5 gave the’”lost” one to the SCC guy, then having retained the current V5 simply applied for a loan against the car *after* he had sold it…
If the guy had evidence he bought the car before the loan was granted this is classed as fraud and the loan would be removed against the car
Or personally I've had them before and just stripped the car or buy an accident damaged one and swap everything over just to get some money back 👌
@@XBMCXBOX I’ve no idea what the outcome eventually was, however chances are the finance company would repossess the car and then you’d have to fight to get it back. The law up here is slightly different, whereas down south the finance company would be able to seize the car from the innocent new owner, up here as long as you can prove the car was bought in good faith at a fair price then they can’t take it back, unless you’re a trader…
@@Graham-rc1cp If you sell a car then it's no longer yours and in that light the V5C is *not* proof of ownership but regardless the finance company should have checked the registered keeper first. If the car was sold to and registered by the new owner _and then_ a loan was taken out then well, that's too bad for the finance company. They can only repossesses the car with a court order and although it can happen (I've seen it) if they repo' a car and it then transpires that they don't actually have a legal interest in the vehicle then compensation is payable and can be quite a bit.
But yes, the law in Scotland around car finance is pretty good and correctly places the legal burden on the finance company, rather than protecting them from their own possibly intentional ignorance.
*TL;DR:* So long as the new owner had a dated bill of sale from the previous legitimate owner, had registered the vehicle in his name and the finance was taken out _afterwards_ then it's not the new owner's problem.
@@loc4725 Correct, however it’s like Parking Charge Notices, the law in Scotland is different, yet the English parking companies quote the law down there to try and frighten people into paying.
I always take a cordless angle grinder and 6 discs when I'm visiting England. It's quite satisfying cutting off unwanted attachments , just cut a link out the chain , not the lock . Then send a postal order to pay "pro rata" for 1 chain link. Usually £2.50 maximum.
As a new trade starting soon this is great to know many thanks great video
That's a great tip about not having the v52c bit, didn't know that.
Superb info, well articulated from someone who knows the score, cheers bud.
Brilliant video, especially advise on private plates. Been in both situations and always wondered if I could get around these issues. Many thanks.
Another good tip not very well known is if a vehicle has been taxed whilst in trade in full, not by direct debit and then sold to a private person afterwards, the remaining tax stays on the vehicle. We've done this many times when using a car as a run about. Usually only a £20 or £35 tax car but we can't then claim back the tax so the new keeper might as well benefit from it and not pay the government twice.
i set a car sales up a year ago FDR car sales Felixstowe, learning so much from watching your day to very informative
Nice bit of information. Thanks for sharing your knowledge
Very basic, but love the content and the way you explain it. Well done mate 👍🚗💷
As someone considering becoming a part time home trader, these are great tips to know.
Excellent information thank you. You've just gained another subscriber. Cheers 🍺
Great video - lots learned, thank you
Thanks for the insight!
Always good to know some extra things about v5 handling 👍
Nice video, the tax one and plates may come in handy for me ❤
Learned some good tips . Brilliant channel 👏
Couple of good tips there , thanks for that
Excellent. Now I know how the dealer taxed my new car for me, without a V5. His fee was £65
Ive done the dvla direct debit trick joe tbh i thought i was only one whod discovered this lol
Done the tax dodging loads of times. You have about two weeks before you get a letter from them. Then another week before you get a threatening letter. Soon it before that second letter. Leave it for two weeks without use. Then tax again for the following month. Then repeat.
Never realised about using trade when occasionally buying and selling cars I always put them in my own name then having to tax etc. I will keep this in mind on my next acquisition
Only works with a traders policy. Otherwise you can't tax it unless in your name.
Let me give another slant to the yellow section. I traded a car. The dealer said he did the yellow section whilst I was there. 6 weeks later I got a speeding ticket. He hadn’t completed it. Always do it yourself!
Basically don't trust anyone
Great hacks very interesting!! Joe
Some great tips there, thanks! 👍
About the tax / direct debit one (brilliantly cheeky btw if you just need to move something for a few days!): if you cancel the DD, do you then need to make sure you SORN it? Or does that happen automatically?
Something i never came across, saw and bought motorbike from Northern Ireland. Came originally from England but disappears off DVLA when it went to NI. I did vehicle check wasn't on DVLA. I thought odd. Called DVLA, they said yes it was correct, will come back on the Wales England register when i send in the new keeper form my address in England.
Top stuff as usual Joe !!
Joe another amazing video 😊😊
Top g! Thanks
Good tips buddy👍🏻
Simply very good.glen.
Great info cheers
Prices on that carwow auction are insane😂I prefer to source vehicles myself on eBay it’s more of a headache but we are slightly different than most in that we buy and repair from cat s and n to engine failure so we aren’t looking for clean. Still, absolutely overpriced no wonder some dealers are pricing their stock so high they are paying too much. We buy a lot from copart and synetic too.
Handy if you started trading this morning
It only tells you if its CAT S on log book. CAT N is not listed on logbook
Wow really ?
@Mark--- yes. 15 years ago it didn't say anything and 20 years before that it was the reg plate that was recorded so of changed plates it wasn't recorded. Go figure lol
Not always it doesn’t for cat S.
@tahmidislam2723 yes it does. If you don't have the latest log book it won't.
Hi Joe. Thanks for the Refresher course. Joe does Carwow operate in Ireland Bro. 😅🇨🇮
Can I retain MGU 1
I put one into trade over a month ago then last week got a letter from dvla saying I was caught on a tax camera for driving an untaxed vehicle although it was in the trade and had trade plate on the windscreen
They get sent automatically, if you explain the trade plates are on they will cancel it
@@ShiftingMetal fingers crossed 🤞
@@bill_20any update?
I believe that the police are now getting tough on front trade plates having to be OUTSIDE the car, not in the windscreen.
Sold a van late February, posted V5, bank took tax payment for March.
New keeper taxed van from 1st March so I waited for refund and still have not received it, contacted DVLA and have been informed that refunds are only issued from the day they receive the V5, NOT from when the vehicle was actually sold (their policy).
How is this right? Double duty has been paid on this vehicle for March
Great Vid, On the tax and setting up a direct debit loop hole, if you sorn the vehicle after a couple of days will the direct debit be automatically cancelled? Cheers 👍
Can you tax a car when you have v 62? If you apply for new logbook i guess u just canymt drive for 6 weeks till logbook comes
Biggg question bro, can you put a v62 into trade ?
if u change adress like i did log book says last one issued 2 weeks ago even tho i have had the car 4 years
Yes it will do but there's an obvious reason for it in that case
I just bought a car from an insurance company and need to tax my car. I have sent off the v62 form 3 days ago and pick the car up I 2 days. DVLA says I cannot tax the car as it is not in my name yet. Not sure if a post office will be able to help unless I send a 2nd v62 form away I do have photos and receipts of the first v62 form
When you transfer out of trade so you give the new owner the V5 green slip so they can tax the car ???
Another reason why v5 issue date may differ, is putting/ taking off private registrations.
Yes but then they’re would be a logical explanation as to why
If you tax the car for a week or 2 for free, does that mean a customer can still use the green slip to tax a car when they buy it?
What do you if you buy a car from auction and you do not get the v5 number, I have been putting these cars in my personal name is this wrong or should I do something else
Either that or do a V62 in the customers name when you sell it, you don't add an unnecessary extra owner that way
Car has private plate and looking to sell the car and retain the plate. Don’t want to remove the plate in case car doesn’t sell though. Will I have to wait for new v5 beforehand I can sell the car?
Be careful as soon as you sell it and buyer puts it in his name, maybe on line the minute he pays you've lost the number.
Recall notices will go to registered keeper.
Question ... how long does it take to get a new number plate? My car was registered new with a private plate, and upon buying the car I put my private plate on. When I eventually sell my car and put my private plate on retention how long will I have to wait to get a new (unissued) registration? Cheers 🖖
If you do it online it'll be immediate! And it'll usually be the vehicles original VRM so your old plates should be fine. Remember to tell your insurers...
The replacement V5 that you'll need to sell the car takes at least two weeks for cherished plate transfers
@@dougle03 it's only ever had private plates though - no original vrm
l was at a BMW main dealers to buy a thirty grand plus four series and the dealer wouldn't let me touch the V5 because of GDPR and he had his fingers over the previous keepers address and expected me to see what l wanted from the other side of the desk
He was correct you shouldnt be seeing the previous keeper details
My 4x4 had 2 keepers when I sent the V5 off, came back saying 5.
DVLA wouldn't admit they have made a mistake.
100% they messed up.
They just say it's data protection and nothing can be done.
Nightmare
had trouble before taxing a motor just off a v62 because i didnt have the previous owners post code? could be that i bought the car as a police repo maybe?
car needs to be in Trade to tax on a V62, if not in trade you need the last keepers postcode, here's another tip, if you want to tax a car as a new keeper and have v5c but green slip is missing simply put a number (such as 3) in front of the doc reference number from the v5c and it will tax online as a new keeper, select you have the green slip when taxing
what’s the estimated time for a new V5C from DVLA after filling in the V62 document after purchasing a vehicle without V5C?
About 6 weeks in my case. Just had a letter from DVLA saying its being processed
You buy a car sorned and to get it home you tax it with green slip how will you get a v5 ? You registered it as a trader?
By filling out the v5 online?
My mates been blocked by dvla taxing too many and not paying.
Needs to use different cards and bank accounts
Free road tax by driving on the pavements instead of on the roads, free fuel by fueling up an running off without paying, free insurance but just got to run off if in any sticky situation, free car by using a screw driver, everything free
I have a question, if I am a limited company without motor trade insurance, Can I transfer the vehicle to trade? And what should I do if I need to drive the car back to my home for 3 hours, should I insurance and tax the car?
If you're buying it with the intention of selling it then yes you can put it into trade but yes you will still need tax and insurance
@@ShiftingMetal I really appreciate it, thank for answering
Yes u can my friend
Great videos mate and following you religiously now! I'm a new trader with a limited company. How do I get a V5 for a car being sold at auction without one? Aston Barclay has cars I'm interested in but are being sold without a V5. How do I get a V5 so that I can sell the car on without adding my personal details and adding a new keeper? If that makes sense? Cheers
You can't but what we do in that case is fill out a V62 with new owner details, (your buyer) write the dvla a cheque or postal order for £25 and let the owner tax it at the post office before collection or do it for them (just charge them the tax amount)
Top man thank you! Keep up the great vlogs!@@ShiftingMetal
@bella_autos_ltd
Hey does anyone know how I can tax a car that’s bought into the trade?? Thanks 🙏
As a new trader I have a question. When buying a car in trade and been given the V5 by the trader with all the supporting documentation. When I sell that car and follow the instruction on the DVLA website for 'change of ownership' isn't it going to ask for the original dealers details who first put the car into trade? So I guess my question is, if that car has gone through a couple of traders beforehand how will I know the original dealers contact details for the DVLA change of ownership website? And do customers ask questions when you are on the DVLA site in front of them but not inputting your dealer details (if you have them)? Hope I've explained that correctly?
You put your details in as you're the dealer who's transferring it out of trade 👍
Bought a car a month ago not happy with the car spoke to dealer not going to give me money back what's the best way forward not as advertised 65k on odometer 170k on auction report
So my car parked in the garage that’s got MOT on it needs insurance?
Ridiculously, yes (unless it's SORN)!
The law says that you must normally have at least third party motor insurance if you drive or own a vehicle. You must also have insurance if you leave it parked on the street, on your driveway or in your garage.
You don't need motor insurance if:
you have a valid Statutory Off Road Notification (SORN)
your vehicle has been kept off a public road since before 1 February 1998
your vehicle has been scrapped, stolen or exported and you have given notice of this
your vehicle is between dealers or is being held in stock by an authorised dealer.
Do I only need to keep a paper trail of people if I sell the car to another trader? If I sell there car to a person/individual do I not need to bother.
Obviously you do
Is there anyway of getting new plates without having the v5? As I'm still waiting on the new v5 to arrive and i do not have the old v5 or green slip!
No
Yes, you can buy them off e Bay, they call them show plates to get round it.
Yes order of amazon its crazy you literally order them and they come through the post no v5 needed I thought it was mental
Could you help me with a french 1980 ford transit?
I need to register it,bought it in England but have not got a Nova
Kindest,Murray
That one's outside of my wheelhouse really!
There is a difference between Keeper and Owner.... The v5 is only concerned with the current keeper. Identifying the owner is a far more complicated problem... lol
Also, opening a letter that is not addressed to you leaves you subject to criminal prosecution, as does failing to notify the DVLA where a change of keeper has occurred.. Your method of cherished plate retention is encouraging people to commit a criminal offence, so you know...
OK, but who really cares, not me, not the authorities....
@@AlanCarter-pw4bm IT's only littering in a public place, so unless your hallway is considered a public place, then no, littering is not relevant...
@@ShiftingMetal Perhaps, but promoting illegal activities is against youtube's terms of service, be careful you don't lose your channel...
@@dougle03 if I lose my channel over that, I don’t want a UA-cam channel 😅
I have an ongoing issue with the V5 from the car I part exchanged with a dealer against a newer car. As the car was over 3 years old they sent it to Auction. Whoever bought it has not completed the V5, and it is still showing as Trade. I have had two speeding tickets for it. I have contacted Speed Enforcement, and they say until the V5 is completed the Speeding Tickets etc will go to the Last Registered Keeper; which is me! Very Annoying!
If you write in to dvla with date and who bought it they'll update their records
Tbh it looks like they've not put it into trade, unless they did it by post and it took a few days.
I have contacted the DVLA, and they have sent me a covering letter stating I am no longer the owner of the vehicle. I wish I knew who had purchased it. I have contacted the Auction Company. They know who bought it, but cannot pass on the information to me. This has been going on for two years. I have been back to the dealership as they have to receive the Speeding Tickets from me to then send to the Auction Company to return to Speed Enforcement.
@@paulfrowde4145 oh dear bud, problem is if you did a letter dated later than the speeding fines your on the hook, only way round it is actually apply to court to sign a statutory declaration in front of a judge and that overrides every thing, I've done that couple of times, I always put the customers car directly into trade on line in front of them so their liability is off St away, I've had buyers copping for tickets as soon as they drive off.
This is why I left the telematics running when my car was written off and went to auction
I kept all the data from the first week before shutting it down
Once bitten etc, and I am just a private owner
Just had my first customer who was not happy with the car because the fog lights are not working. I offered to fix it for them or a full refund. They said refund lol. The log book has been sent of in there name already.. should I send the refund with out getting the v5 first?
I always keep £100/£200 back until they bring the V5 in
@@ShiftingMetal thanks mate good shout 👌🏽
Would the number of owners include trade or not
No, trade keepers are not counted
If the car is in motor trade do you have to tax the car
No
Handy for trade to know and Your disabled customers, who claim PIP. If you qualify for PIP and have 12 points for mobility issues you can claim 100% car tax free one one car. If you sell or change your car with disabled £0 tax. It has to be taken off £0 disabled tax. If you have PIP and you know you are going to change your car apply for an upto date Certificate of entitlement to personal independence payment serial number. Buyer has to take this to the post office with the log book to register the car as £0 disabled this can not be done online for the first tax. After 1st time the car can be taxed online until you sell it or scrap it. i for got this and am setting her with a new car to me waiting for this letter to tax my new car. i have insurance for it.
Can you remind people that "road tax" does not exist because the amount of people still thinks this mythical road tax thing still exists its mind blowing 😂
👌👌
I always thought the yellow part was used so it didn’t record the trader as an extra keeper.
It doesn’t
Wont let me put a number in front, only 12 digits
Hi great channel been subscribed for a few months now. I'm looking for a cheap place to get my first trade insurance do you know of any places ? . Iv had 5 quotes now all for over £2200 and Iv got 14 years now claims on my standard car insurance 😢 ouch. Any info would be appreciated.
I use tradesure in Birmingham, but I doubt you'll get it cheaper, my son had a quote of 4k the other day.
@@roystonvehicles9129 wow £4000 that's ridiculous how much there charging you would need to sell 3 or 4 cars just ro pay off that . I'm just trying to find my first trade insurance and I'm shocked at the prices . Cheers for the info
Try Ashley at UKGlobal
@@roystonvehicles9129where are u based in brum? Do u sell cars at the moment I'm new to this
Is there anyway of getting round the BCA trader rules to bid online used to buy my personal cars there Lex auto lease cars every few years would like to buy again hope they open in person again soooon
You'll have to show trade insurance, so probably no, Aston barclay accept private buyers with 500 deposit and 2 forms of id, you'll be on high buyers rates tho.
Find someone with an account who will bid for you?
@@ShiftingMetal have to find someone called Joe lol cheers mate might try Aston B
Great information and tips. However sort the spelling and grammar out on the captions please.
Obviously I'm not going to remake the video and I rarely get time to check the titles the editor writes. You might just have to try to ignore it
@@ShiftingMetalI can understand and appreciate that. You prepare your cars to a high standard and make sure that small details aren't missed on those!
The Green Section is given to the Buyer and you the keeper Sends away the V5
The green section of the V5 and the new keeper slip are different parts
7:59 Except you (the seller) can be fined up to £1000 for this, the driver is also breaking the rules.
The owner would also need 'non owner' insurance for a car not registered to them.
If they did have an accident in the first week and the insurance was deemed invalid because of the sellers actions it could come back to bite you.
See the following- The Vehicle Excise and Registration Act 1994 (as amended)
Offence of using an incorrectly registered vehicle
(1)A person is guilty of an offence if, on a public road or in a public place, he uses a vehicle to which subsection (2) applies and in respect of which-
(a)the name and address of the keeper are not recorded in the register.....A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale.
I've known traders to keep the v5 for months until the warranty expires.
I think you’re taking things a bit too literally there! The sales receipt is the proof of ownership. It literally says on the V5 ‘this document is not proof of ownership’ 👍
@@ShiftingMetal My car is still registered in trade for the last 10 years and surprisingly I haven't had a parking ticket yet.
@@Jinxer121 This is very interesting. Are you a trader, or you have a car that just was not registered with the new keeper by one reason or another?
It tells for me that putting a car into trade means the trader is the real owner, not just a keeper, and the car is not registered with DVLA and it is not a subject to legislation. No need for tax, councils can not search the car in DVLA Database for parking fines. I bet you can also beat ULEZ and other CAZ in other cities. Did you ever tried? It is covered by trader's insurance.
How easy is to become a trader?
@@dmitrikhmelevski9214 I have trade insurance and haven't been into a ulez zone. I have been in hospital parking lots of times but don't go out of my way to get tickets.
@@ShiftingMetal It's probably a law that isn't well known in the trade. The law and insurance both tend to take things literally!
I know when I have filled in online insurance quotes I have to tick the box to say that I am the 'Registered keeper', after all it could be owned by the finance company.
Keep up the good work 🙂
How can you be fined for not having insurance when your car is taxed and mot'd and sitting on your own property?
Google it, it’s ridiculous but it’s true
@@ShiftingMetalwhat about tax and mot exempt classics?
@@andrewsilver4769 you have to tax it online free each year,if it's been off the road for some time You need an mot then register it as historic
Stops dodgy geezers trying to flog the plates of cars that can never be roadworthy
Do not set up a direct debit for tax and cancel it before the first payment is taken. They will definitely block the card / account.
I did say that 👍
👍🏼👍🏼👍🏼
5 minutes in you then state it's given to be New owner 😅
Telling people where to buy trade cars from is not fair on dealers, you’re putting the price up for everyone,
Huh? If you can’t make a profit with some competition, you’ve no place in business
Have you used Carwow Joe?
Yes, we’re picking up a car next week actually 👍
yay more content 😝 @@ShiftingMetal
V5 forms are not proof of ownership.
Correct, it says so right there on the front 👍
sponsored by pepsi now?
I wish!
BAD ADVICE, We do all the work, then DVLA manage taxing us. YOU DO NOT OWN THE CAR, YOU ARE THE REGISTERED USER NOT THE REGISTERED OWNER. 😢
I have no idea what you're trying to say
5 former keepers? Car must be rubbish
You find expensive sports cars do have a lot of owners. I bought a 3 year old BMW m5 with 5 owners. Go figure.
Your girlfriend has a lot more than five previous owners, but she's OK
@@hughesy606 ffs lol
@@hughesy606they always have had 3 mate(!)
What a waste of 22 minutes this video is obviously you have been paid by carwow. Absolute boring never again
Oh no, I'm devastated to lose you 🥲🤣
@@ShiftingMetal I am not in trade,but found it dead interesting