Giving a car away...

[bigandclever]

In a moment of unbridled generosity / unfettered weakness, I decided to give my tatty 205gti away. So the lucky recipient is coming round this weekend to pick it up.

What do I need to do as part of the handover? Fill in the V5, hand over any paperwork I have.. is that it? No money will be changing hands, but should I do some kind of receipt anyway?

Ta!

[princeperch]

I would knock up a receipt stating that title is passed in the condition upon which the car is seen, with no liability, and for no consideration and get you and the new owner to sign it.

[prand]

I would have though just the V5, as you both should sign it and send it off to DVLA to confirm new ownership, and new owner keeps the slips. If you do that before handover and post it yourself then you know its been done.

Insurance - tell yours that it ends on XX day. New owner will need to get their own from pickup to be legal

Tax - no transfer required, although the new owner will buy new tax to cancel SORN if its been off the road.

[johnfm]

princeperch said:

I would knock up a receipt stating that title is passed in the condition upon which the car is seen, with no liability, and for no consideration and get you and the new owner to sign it.

If there is no consideration there is no contract - unless you do it as a deed. If you were to go to this length, sell it for £1.

[princeperch]

johnfm said:

princeperch said:

I would knock up a receipt stating that title is passed in the condition upon which the car is seen, with no liability, and for no consideration and get you and the new owner to sign it.

If there is no consideration there is no contract - unless you do it as a deed. If you were to go to this length, sell it for £1.

Who said there has to be a contract - having such a receipt acknowledging that no money has changed hands and the car "is what it is" would protect the OP if this bloke turns out to be a nutcase and starts complaining about the car pissing oil on his drive etc, and demanding money. If he really is a nutcase he could forge all sorts of paperwork and try and give the OP a right headache...

Edited by princeperch on Friday 7th November 12:23

[carmonk]

Write down what you want them to agree to and get them to sign it. It's that simple.

[AlexB]

johnfm said:

princeperch said:

I would knock up a receipt stating that title is passed in the condition upon which the car is seen, with no liability, and for no consideration and get you and the new owner to sign it.

If there is no consideration there is no contract - unless you do it as a deed. If you were to go to this length, sell it for £1.

The consideration from the "acquirer" could be providing the service of removing the car and taking over responsibilty for that car (it is a service that scrap dealers provide!) and from the "giver" simply giving the car as payment for that service.
Alex

[rallycross]

haha only on pistonheads could people come up with all of the above.

just fill in the v5 and get him to sign something to say he's taken it, in case you get any tickets in the post before the v5 is updated

[MonkeyBusiness]

As part of the handover proceed to the nearest pub where he can buy you a couple of pints for your generosity.

[bigandclever]

Cheers All, just checking I hadn't missed anything stupidly obvious.

[Huff]

Did this myself recently, and went with a one-liner signed/dated by the new owner to the effect of 'received as seen'. There's no binding need to do this, but it could make things easier if the V5 went astray in the post or, worse, the car's registration subsequently made you first port of call for the BiB... not that this has happened to me!