Selling to a dealer and other 3rd parties january 27, 2012 if you have a used car that youre hoping to sell, one of the most important decisions you should make early on in the process is whether to sell the car privately or to a dealership. Aug 11, 2015 when selling your car privately, youll still have to fill in the v5c2 section new keeper supplement and give that to the buyer. The dvla recently introduced an electronic system for car log book. Car salesman book and guide the car salesman and selling. Ups stands for followups on prospects from estampe car dealer supply is a great way to increase sales without spending more money or, put another way. Excerpt from november 2012 memo from the mass registry of motor vehicles.
You have to do things like run classified ads, list it online, field phone calls and have strangers come to your home for test drives. He might make a slight allowance on the partexchange price youve been offered to take account of the cost of obtaining a new document, which he will need to do. This proves you are the registered keeper of the vehicle and in a position to sell it. If youre selling your car, the more paperwork you have with it, the better so here are a few of the things youll need. Massachusetts used vehicle record book auto ad sales. You cannot use this service if youve already sent your log book v5c by post. There are laws in place to stop elvs from creating an environmental hazzard. Dealing with car documentation after a sale hpi blog. Car bought 2nd hand but seller hasnt sent off v5 log book.
Under the latest ved car tax system the seller of the. Your responsibilities when selling your car motoring on a budget. 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. Motor vehicle log book is used to record vehicles taken in trade and sold at a dealership. If you are serious about getting into the automobile business in washington state and running a successful and sustainable business, let us help guide you through the process. You complete and hand over a different section of the log book when youre selling your car to a dealer.
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. The dealer will keep the v5c document apart from the v5c3 and give this to the person who buys the vehicle from them. Trading your vehicle with us avoids these hassles and headaches. Form 4 of the motor car traders regulations 2018 explains the details that must be included in the data sheet. We get that some people may not want to spend the time it takes to advertise the car, meet with potential buyers, and wait as a committed buyer tries to secure financing. Or for a sale or transfer to a motor trader, insurer or dismantler section 9. We also sell many other items of interest to auto dealers.
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. When selling your car, whether to a private individual or to a dealer, its essential. It gives the car details, number plate, chassis number, make and model, year of first registration, and most importantly the name and address of the current owner. Dec 14, 2009 for car dealers, if they buy a car they seem to keep the full log book. As of the date of this memo there are at least two 2 publishers in massachusetts who are publishing the used vehicle.
What does the trader use when selling the vehicle on etc. Not having a full service history can wipe almost a quarter off the value of a used car, but beware of fakes. Youll usually get a refund on your vehicle tax in 4 to 6 weeks. Every car needs to have the following documents up to date to start the buy sell process.
Buying a car with no v5 general dealer chat car dealer forum. A cars tax status is also recorded on the v5c so if you are buying a classic car and want to make sure it qualifies for the zero rate road tax you need to check it is listed as a. What you do with your log book depends on where the buyer is taking or registering the vehicle. Failure to supply this code will result in the change of ownership being rejected by either your motor tax office or the driver and vehicle computer services division. Federal law requires that you keep track of the purchase and sale of used cars at your dealership. Any potential suitors will want to check it over before making a decision on whether to buy.
Get a leg up on the competition and start making the big bucks. This must be torn out and handed to the new keeper as their record of the transfer of ownership. You can contact the dvla to let them know youve sold your car by completing the relevant section of the v5c log book for a private sale sections 6 and 8. Download our example licensed motor car trader form 4 used car sales price and datasheet word, 30 kb. The massachusetts registry of motor vehicles has approved the format of the electronic car book. Dealers and online car buying services may be willing to purchase a car without a valid logbook, but theyll still need to obtain one afterwards regardless. If for whatever reason you dont want to trade in your car, selling a used car to a private party requires some time and effort. Whether you pass the car onto another private owner or sell it to a dealer, the procedure remains the same. If car salesman have a bad name, the publisher of this book has given their industry a black eye. Buying a car without log bookv5 moneysavingexpert forum. For many dealers today, the goal is to make that process as quick and painless as possible. How to sell a car without a v5c logbook 2020 update. Motor traders dont need to send the log book off in their name, they can fill the yellow part when buying the car and keep the rest of the logbook which they fill with details of the person they sell it two and also should give you the green new keepers slip.
Get cash offers from dealers, schedule inperson appraisals, get black book value estimates and place free ads today. Notifying the dvla correctly when you sell your car buy my car. You will need the reference from the latest v5c3 yellow slip. May 01, 2015 when you have a car you need to sell, selling it to a dealer is the easiest way to unload it. An endoflife vehicle is a car or light vehicle that is ready to go to the scrapyard. When selling your car privately, youll still have to fill in the v5c2 section new keeper supplement and give that to the buyer. Often done to avoid adding another previous owner to the cars log book. Buying a car with no v5 general dealer chat car dealer. The v5 shows the keeper, which is simply the person responsible for taxing the car, and who the police can contact regarding traffic offences etc.
Has the capacity to hold 1400 vehicles information including. Ups stands for followups on prospects from estampe car dealer supply is a great way to increase sales without spending more money. People who earn their living as car dealers have a lot to learn. Motor car traders must attach a used motor car price and data sheet to all used vehicles offered for sale.
We provide high quality auto dealership sales promotional products such as business office key tags, business cards, lot decorations, banners, promotional license plates, car cals, connecticut required signs, dash board signs, dealer addon labels, license plate frames, hardware, holders, mirror hanger signs, showroom decorations, visible. The ultimate guide to your v5 log book 2020 update. Its particularly important to understand what you need to do regarding the dvla and selling your car the role of the dvla includes registering driving licences across great britain and retaining the details of cars across the whole of the uk. Car dealer ups log books and prospect forms estampe. Visit our auto dealer marketing solutions websites at the links below. 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. When selling a vehicle to a motor dealer in either transaction, a valid garage code must be supplied on behalf of the motor dealer. Oct 23, 20 on the v5 registration document log book it states in large bold letters at the top, that the keeper is not necessarily the legal owner. Cars360 connects you with the highly engaged, motivated audience of inmarket car shoppers wherever they are in their purchase process, and not just when theyre searching on. 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. V5 yellow slip general dealer chat car dealer forum.
Instant cash offer kelley blue book new and used car. Car dealership inventory books, used car record books, police. After all, the vehicle logbook is a record of the registered keeper, not proof of. Give the rest of your log book to the buyer theyll need it to register the vehicle in the country theyre going to. They do say never to look at a car away from the registered keepers address though. Car bought 2nd hand but seller hasnt sent off v5 log book 28 november 2011 at 11. Give the green new keeper slip from the log book to the buyer. Similarly, if you are selling a car, the car buyer will expect you to have your v5c2 form ready to hand over so they can become the new keeper. Here we explain what you must do with our v5c when you sell your car. Notifying the dvla correctly when you sell your car buy. When you sell your vehicle, the buyer will expect to see the cars log book to. If you sell your car to a motor dealer, you should fill in the yellow section.
Tell dvla when you no longer own a vehicle, or you buy a vehicle as either a registered keeper or motor trader. The document is of great importance for so many reasons one of them is, this id required at time you are selling your car or. Apr 29, 2020 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. There are laws in place to stop elvs from creating an environmental hazzard, and to promote recycling. When trader sells car he gets new owner to fill out v5 and posts it off or now can be done online. It could also cause him a delay in selling your car on.
Selling your car to a dealer notifying the dvla and. Also known as a police book, our hard cover version of the federally required record book offers a simple method for keeping track of your transactions. Depending on your circumstances and whether youre buying or selling a car without a v5, there are a couple of options available to you. Jul 28, 2016 v5c changes when selling your car 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. On the v5 registration document log book it states in large bold letters at the top, that the keeper is not necessarily the legal owner. If you sell your car to a dealer or within the motor trade. Tell dvla youve sold, transferred or bought a vehicle gov. I dont believe this problem will worry an experienced car dealer too much. We buy a lot of stuff with v5 to apply and sell without and take customer to our local post office at point of sale and complete v62 with their details and the nice lassie even taxs car without v5 and sends completed v62 form away after. For car dealers, if they buy a car they seem to keep the full logbook. The electronic used car record book the electronic used 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.
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. What do they give the owner seller still with the details in the logbook. Would like to find out this part what type of paper work around this period cos, need to be a car dealer, please help. The car log book template is a document that acts as proof that the vehicle is registered and the person in the name of which the vehicle is registered is responsible for the taxing the vehicle. If your name and current address isnt on the v5c, its unlikely anyone will. With special offers, you can influence newcar shoppers at the moment of choice. Selling your car to a dealer notifying the dvla and refund. Registered keeper and trader both sign yellow slip and registered keeper sends it off to dvla. Instant cash offer is a real offer for a specific amount to purchase a consumers car or apply the amount toward another car. You must tell dvla youve sold the vehicle and give them the full name and address of the buyer. 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.
According to a recent survey of car buyers, ebay motors shoppers have a higher intent to purchase vs other platforms. Completing your log book when selling to a dealer you complete and hand over a different section of the log book when youre selling your car to a dealer. If you do buy a car without being given the v5c2, you can apply for a new logbook, but the dvla and other organisations tend not to recommend this as it suggests the car you have bought was not from. A few months ago, i felt mild panic when i couldnt find my cars service book. The electronic used car record book the electronic used. 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. With the log book registered keeper being the previous owner. What to do with the v5 when selling a car you still need the paper logbook when selling a car.
This is especially extreme if you are looking to sell a car to a dealer rather than. Having your name on a v5 does not prove you own a car, but if someone was trying to sell a car without one. You also need to ensure your car is maintained and all parts are working. If you buy, sell or own a car in the uk, you should be familiar with the driver and vehicle licensing agency. It means seller no longer have to post their v5c document back to the dvla after selling their car. Selling up to a dealer motor trader and the procedure is exactly the. Known as either used car record books or police books, these hardcover books will help you keep track of all the required information. Car dealership inventory books, used car record books. Bookfactory car dealer inventory log bookjournallogbook 120 page, 8. 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. A great car sales book and the secrets i use to make over 100k a year selling cars this should be required reading for every car salesperson. The dvla revisions have introduced a website registration process available for anyone selling a car to either a dealer or private buyer, which is. Stock number, make, year, model, vin, license, date purchased, purchased. Motor car trader obligations used car sales consumer.