Log book selling a car

When you sell your vehicle, the buyer will expect to see the cars log book to. Here are types of data you want to remove from the electronic system before selling or donating your car. Marketplace makes it easy to buy and sell in your area. When it comes to buying or selling a car, one of the most important parts of the transaction is the log book this document, officially called the v5c registration certificate, is issued by the dvla to the person responsible for the vehicle. To get a replacement log book just follow the below steps. What you do with your log book depends on where the buyer is taking or registering the vehicle. V5 yellow slip general dealer chat car dealer forum. Bought a car with log book loan attached to it page 1. A lot of newer cars now arent being issued with service books the service history is logged online instead which can be handy in case you lose the book but it is actually just a clever way by the big.

When you sell your car, youll need the v5c to be transferred to the new owner, or they wont be able to register for vehicle tax. You can log gas mileage and any service you have on your car. You still need to get the contact details and signature of the dealer and post them to the dvla at the same address as above. Motor vehicle log book is used to record vehicles taken in trade and sold at a dealership.

The v5c logbook is the most important document to have when youre selling your car. Instant cash offer kelley blue book new and used car. The dvla and selling your car complete guide 2020 update. Now, if you have a car and you have just lost the car log book it is fairly simple to get a replacement. Steps to help protect yourself when selling a car kelley blue book. If you use it less than 100 percent, you may only deduct the business portion. This proves you are the registered keeper of the vehicle and in a position to sell it. We want you to have the best experience while using marketplace. If you buy a vehicle that doesnt have a v5c vehicle registration certificate log book, you may not be able to tax it. When i was buying my car the ad said full service history but when i looked at the log book, the pages for future stamps were all missing. Alternatively, you can sell the car to the buyer using the current v5 showing the private reg. Notifying the dvla correctly when you sell your car buy. This is done in one of two ways and depends on whether the vehicle was first registered before or after january 1993.

Though the paper logbook we all know remains virtually unchanged, theres now a service that allows a seller to notify the dvla of a vehicle sale online, avoiding. When you sell or transfer your vehicle you must notify the dvla straight away using the v5c part of your registration document. Car salesman book and guide the car salesman and selling. If you leave digging out the v5c until a potential buyer is ready. A career in the automobile business isnt for the timid. Both options need details from your v5c log book, and if youve lost it or need more info. Make sure you sign it and fill in sections 1 and 2. Prepare the paperwork, including the v5c registration document logbook, handbook, mot certificate and service log and warranty if there is one. Both options need details from your v5c log book, and if youve lost it or need more info, weve compiled the ultimate guide to the v5c here.

Buying and selling a vehicle how to buy and sell a car. I completed my sections but couldnt take the little slip im supposed to keep as he said the scrapyard. Dear fellow car salespeople, if you are interested in learning everything you need to know about making big. By law, you do not need to have your v5c registration certificate log book for the vehicle you are looking to scrap. You need to get a new registration certificate for the car before you sell it. Dear fellow car salespeople, if you are interested in learning everything you need to know about making big money as a car salesperson, then this is going to be the most important information youll ever read.

And details can be checked directly from the dvla database. Get the car salesman book and guide who else wants to earn sixfigures a year selling cars. When it comes to buying or selling a car, one of the most important parts. How to recover a cars missing service history green flag. Aug 26, 2015 the changes to the v5c the log book document which determines the registered keeper of a vehicle now include an online element to selling on your car, either to private buyers or trade. You should never buy a car that doesnt have a log book as this could be a sign the owner has taken out a logbook. Annual expense summary pages in back make tax season a breeze. The above example assumes you use the car 100 percent for business. The process you need to follow will be slightly different if youre selling your car privately or otherwise. I dont believe this problem will worry an experienced car dealer too much. When scrapping a car what section do you fill in on the log book uk.

It means seller no longer have to post their v5c document back to the dvla after selling their car. It can be easy to misplace paperwork, but when it comes to paperwork for your car, it is very important to keep it in a safe place. At the same time, get the buyer to fill out a dvla form v317 which puts the plate on retention but. How to sell a car without a v5c logbook 2020 update. Log book vintage cars for sale in uk view 58 bargains. Phone contacts and an address book may have been downloaded when you synced. You then tell the dvla youve sold the vehicle and give them the full name and address of the buyer. The car is not on finance, the owner has used the car to take out a loan with one of these log book loan companys, there is a lot of info on these guys online, they seem to be similar to. I thought not i am selling ym car this week and since we moved a few week back i cannot find the log book anywhere, i can find every other piece of info on the car, manufacturers guide, mot certificate etc. If you want to know the truth about the car business, you would do well to pick up this great. The form you need to get and fill in is called an rf4. Wrt log book loans, its your money but they scare the s t out of me, especially if i am handing over.

Enter your vehicle info to receive a cash or tradein offer. How to master the art of selling cars mr jeffrey f knott on. You cannot use this service if youve already sent your log book v5c by post. Trans 8 provides for dealers to keep vehicle information electronically provided it can be output in the same format as the motor vehicle log book. Whether youre buying or selling a car, or your vehicle is just in need of in. How to sell a car tips for quick sale and best price aa. Includes fields to track maintenance, repairs, parking and tolls. Car log book service melbourne western auto services. Oct 28, 2015 you should then receive your your new log book within 14 days. Its actually entirely possible and 100% legal to sell a car and transfer ownership without a v5 document after all, the vehicle logbook is a record of the registered keeper, not proof of ownership. Finally, you should receive an updated v5c log book in the post within a few weeks, whether the process was completed online or by post. The best advice ive gotten in the car business was to read this book.

You should never buy a car that doesnt have a log book as this could be a sign the owner has taken out a logbook loan on the vehicle, borrowing money against the value of the car. The log book, also known as a v5c, provides all the information about the car, including its history, past and present owner and when it was manufactured. How to sell your car privately money advice service. After all, the vehicle logbook is a record of the registered keeper, not proof of ownership. On very rare occasions you may need to produce the log book for your contract hire car. If youre selling a car, its good practice to ensure you have the v5c for the vehicle and that its intact and undamaged. How to sell your car privately selling your car privately is likely to get you the best price, as long as youre prepared to invest some time and effort in organising your sale. Every car needs to have the following documents up to date to start the buy sell process.

Learn tips on how to buy and sell responsibly when using facebook. For sellers, this helps determine whether you have sold the car to a motor trader or private individual. Black book provides the wholesale or auction value of your car, which is the amount a dealer might pay for it. When selling a vehicle youll need to fill in the v5c2 form in the v5c logbook then tear it out and hand the slip to the new owner. This must be torn out and handed to the new keeper as their record of the transfer of ownership. There are laws in place to stop elvs from creating an environmental hazzard, and to promote recycling. When scrapping a car what section do you fill in on the. Im useless with forms so i was wondering what do i need to fill in.

Instant cash offer is a real offer for a specific amount to purchase a consumers car or apply the amount toward another car. So youre looking to sell your car but theres a stumbling block. When you sell your car, the only paperwork youre required to fill in is the small v5c2 slip on of the v5c logbook thats the new keepers. Think he must of wound back the odo or something since the log book was up to date. Seeing some very conflicting stories online and cannot find a.

If you sell your vehicle you must tell dvla straight away using the v5c registration certificate. What should you do if you want to sell your car but youve lost the log book. Selling privately should get you more cash, assuming you can find a buyer, but wont be as convenient. Im selling my car tomorrow, but ive lost the log book. Just look for a report link on the listing details page or on the sellerbuyers marketplace profile. You complete and hand over a different section of the log book when youre selling your car to a dealer. Buying a car without logbook page 1 general gassing.

Selling a car with private reg moneysavingexpert forum. People will see how well you took care of it, making it an easy sale. The v5c which can also be known as the log book or by its old name, v5 is a vital piece of paperwork that is often forgotten about in the back of a drawer until it comes time to sell your car on. The official certificate of car ownership is known as the v5c commonly known as the log book and formerly known as the v5. Yes, you can add a personalised plate on a car you lease, though there are a few more steps. Selling your car yourself can be easy and profitable, especially if you start with an. Tell dvla youve sold your vehicle or transferred it to a new registered keeper. He explained to scrap it, hed need the full log book. A lot of newer cars now arent being issued with service books the service history is logged online instead which can be handy in case you lose the book but it is actually just a clever way by the big car brands to make you feel you have to go to the main dealer to get a full service history logged as independent garages cant do this. If you have an issue with a person or an item thats listed, such as violating community standards, harassing behavior or scams, its easy to report to facebook. Dec 30, 2019 what to do with your log book when selling your car. Mar 23, 2020 if youre selling a car, its good practice to ensure you have the v5c for the vehicle and that its intact and undamaged.

They are not called log books in south africa, only in the uk. I am selling a vintage unused the motorist log please see my other buff logbooks. When you sell your car, the only paperwork youre required to fill in is the small v5c2 slip on of the v5c logbook thats the new keepers details. Notifying the dvla correctly when you sell your car buy my car. When the new owner tries to register the car in his. A v5c or car log book is very important if you ever sell your car, or if youre buying a used car. What information do i need to provide to the dvla if i sell my car.

When selling without a v5, youll need to provide a bill of sale which includes all info for the new buyer to apply for a new logbook. The changes to the v5c the log book document which determines the registered keeper of a vehicle now include an online element to selling on your car, either to private buyers or trade. Hi all please can someone explain in simple step by step what happens with the v5 when a private inidividual sells to a trader. Authorised service centres are able to carry out a log book servicing and use the log book as a record of services performed. Home motoring road rules lost log book and need to sell car, can i sell without it. If its staying in the uk then give them the green new keeper slip from the log book. How to keep your number plate when you sell your car. Documents youll want to keep stored away include your diving licence, your mot documents, your log book, and any other important paperwork to do with your vehicle. Tell dvla youve sold, transferred or bought a vehicle. Mar 30, 2017 finally, you should receive an updated v5c log book in the post within a few weeks, whether the process was completed online or by post. If youre selling your car, the more paperwork you have with it, the better so here are a few of the things youll need. At the same time, the seller should give the buyer the new keepers details slip, known as v5c2 part of the log book. Here you can find out whats involved from advertising and paperwork to safety precautions at buyer viewings and when taking payment. You need to get a log book v5c if the original has been lost, stolen, damaged or destroyed, or you have not received one for your new vehicle.

Data black book acquires their pricing data from wholesale auctions, and retail. Selling items on facebook marketplace facebook marketplace for businesses. He might make a slight allowance on the partexchange price youve been offered to take account of the cost of obtaining a. Lost registrationlog book do i need it to sell my vehicle. The easiest way to sell your car is to trade it in when you buy a new one or to sell it to a car buying service but this will give you the lowest price.

Sometimes the decision to sell a vehicle privately comes down to the amount of profit youll gain through the transaction. Sometimes when you need to obtain a parking permit you will be asked to produce the log book for the. My cars going to the car park in the sky later today. This is done in one of two ways and depends on whether the vehicle was first registered. The guy did a really good job at removing the pages too. The log book of the car that will have the private plate. Once youve agreed on a deal to sell your car, its time to inform the dvla that the owner of the vehicle has changed. The v5c, also known as the registration document or log book and commonly shortened to v5, is the document that legally registers and proves ownership of a vehicle.

However, its much simpler to scrap your car if youve managed to retain it. Tell dvla youve sold, transferred or bought a vehicle gov. An endoflife vehicle is a car or light vehicle that is ready to go to the scrapyard. Buy, sell or scrap a vehicle tell dvla youve sold, transferred or bought a vehicle tell dvla when you no longer own a vehicle, or you buy a vehicle as either a registered keeper or motor trader. Oct 15, 2018 the v5c which can also be known as the log book or by its old name, v5 is a vital piece of paperwork that is often forgotten about in the back of a drawer until it comes time to sell your car on. If you sell your vehicle or trade it in for a new model, you must register the change of ownership. A vehicle log book is also known as a v5c document, which is a basically a registration document that proves you are the registered keeper of.