think ive ****ed up

[curtainrail]

Vince70 said:

How old is the car as I think you can only get a loan on something that is under 10 yrs old..

Its 7 year old, its come from quite far away and hasent been taxed for 6 months which feels suspicious to mr as though theyve been hiding it, the AA check didnt come back with any outstanding finance just that the issue date was incorrect.

[Qwert1e]

Lucky you haven't yet parted with the cash. Hmmm.

If you bought the car from the address on the V5 the previous owner will presumably be easy for Bib to find and arrest. On the other hand if you paid cash in a lay-by.....

[*Al*]

stevensdrs said:

The DVLA wont accept the blue v5. It will be returned to you with a note that a later v5 has been issued and you should use the latest one. (red front) Just apply for a new v5 document using form v62 and enclose a cheque for £25.00 in payment.

This for sure.

[Hooli]

curtainrail said:

Hooli said:

I got reds through the post to replace all my blues, at the time it happened I had three bikes & a car. Got red ones for them all.

What could be the reason this has a blue? Stolen?

They've lost the new one?

[curtainrail]

Qwert1e said:

Lucky you haven't yet parted with the cash. Hmmm.

If you bought the car from the address on the V5 the previous owner will presumably be easy for Bib to find and arrest. On the other hand if you paid cash in a lay-by.....

I bought from a dealer

[pincher]

I never received a red V5 for the BMW I sold to my next-door neighbour. A quick call to DVLA with the details of the old one saw them send me a new one in under a week.

Don't start sweating just yet - you are making the massive assumption that DVLA have all their ducks in a row and haven't screwed up, which as quite a few of us can probably attest to, is a rather silly assumption

[curtainrail]

pincher said:

I never received a red V5 for the BMW I sold to my next-door neighbour. A quick call to DVLA with the details of the old one saw them send me a new one in under a week.

Don't start sweating just yet - you are making the massive assumption that DVLA have all their ducks in a row and haven't screwed up, which as quite a few of us can probably attest to, is a rather silly assumption

I think im just worried about the whole log book loan thing, especially since it hasent been taxed for 6 months.

[curtainrail]

Anyone know how to check if thier is a log book loan outstanding so at least i know

[curtainrail]

Also the hpi said there was no outstanding finance and theres up to 30,000 compensation if the informationis wrong, does this mean if there was a log book loan id have a comeback?

or could i sue the garage for selling me it?

[Mr Classic]

Compensation is only given if the loan was recorded on their database. Log book loans aren't recorded on their database so they aren't liable. (Read the T&C's)

[Mr Classic]

pincher said:

I never received a red V5 for the BMW I sold to my next-door neighbour. A quick call to DVLA with the details of the old one saw them send me a new one in under a week.

Don't start sweating just yet - you are making the massive assumption that DVLA have all their ducks in a row and haven't screwed up, which as quite a few of us can probably attest to, is a rather silly assumption

Just bought a car of my brother with a blue V5, haven't sent off the V5 yet. Should I ring them up to send a new one to him, or should I just send the blue one off?

[curtainrail]

Mr Classic said:

Just bought a car of my brother with a blue V5, haven't sent off the V5 yet. Should I ring them up to send a new one to him, or should I just send the blue one off?

I sent the blue one to them but gna ring them tommorow aswell to tell them the situation

[regprentice]

http://www.legalbeagles.info/forums/showthread.php...

According to comment four on the above thread you are covered by the insurance policy backing your hpi check as long as the check incorrectly showed no outstanding loan when there was one.

[pincher]

Mr Classic said:

Just bought a car of my brother with a blue V5, haven't sent off the V5 yet. Should I ring them up to send a new one to him, or should I just send the blue one off?

I would suggest that it will be a lot less painful if you get a new (red) v5 sent to him and then fill out the transfer details on that

[curtainrail]

Is there still a lot of car owners with a blue v5 and no red? Despite what dvla say

[Sheepshanks]

curtainrail said:

I bought from a dealer

The buck stops with the dealer then, if there are any problems. Assuming they don't just disappear.

[curtainrail]

Sheepshanks said:

The buck stops with the dealer then, if there are any problems. Assuming they don't just disappear.

So i could sue the dealer even though i accepted the blue log book? Obviously not knowing it should be redm

[longshot]

curtainrail said:

Sheepshanks said:

The buck stops with the dealer then, if there are any problems. Assuming they don't just disappear.

So i could sue the dealer even though i accepted the blue log book? Obviously not knowing it should be redm

If the car turns out to be stolen or fraudulent in any way, yes.

You have absolutely nothing to worry about.
If the car is legit, it will get sorted out between you and the DVLA.
If the car is dodgy you will get your money back from the dealer.

Now, get yourself a beer from the fridge and relax before your head explodes.

[Steffan]

longshot said:

curtainrail said:

Sheepshanks said:

The buck stops with the dealer then, if there are any problems. Assuming they don't just disappear.

So i could sue the dealer even though i accepted the blue log book? Obviously not knowing it should be redm

If the car turns out to be stolen or fraudulent in any way, yes.

You have absolutely nothing to worry about.
If the car is legit, it will get sorted out between you and the DVLA.
If the car is dodgy you will get your money back from the dealer.

Now, get yourself a beer from the fridge and relax before your head explodes.

That sums it up pretty well. The dealer will be liable in the circumstances the OP describes. I will be interested to hear whether there is any problem but if there is then the dealer cannot escape responsibility. Ultimately the buyer will be protected in those circumstances. Once again reminds us all to check the paperwork in car purchases very carefully.

[curtainrail]

longshot said:

If the car turns out to be stolen or fraudulent in any way, yes.

You have absolutely nothing to worry about.
If the car is legit, it will get sorted out between you and the DVLA.
If the car is dodgy you will get your money back from the dealer.

Now, get yourself a beer from the fridge and relax before your head explodes.

Well this is good, im assuming dealers have some kind of insurance because how would they know if the car had a log book loan on it? Would the dealer have to sue the original owner?