Selling a car privately

[Gooly]

Hi guys,

Selling my car atm and meeting a buyer tomorrow, can someone just give me a quick walkthrough on the things I need to do? Of course I have a general idea but I just wanna make sure I'm not missing out on any paperwork or anything like that. The car is a 51 plate fiesta, it'l be a cash sale.

What do I need to do with the V5? Do I need to send anything off? Also, I'm going to buy another car once this is sold; my car is currently insured for me and taxed, i'd want to leave the insurance on it till I buy my next car (probably that same day) and then just transfer the policy to avoid any cancellation fees. Would the new owner be able to insure it on his name whilst it's insured on my name?

[Dave_]

Get the buyer to fill out the v5 , the large green bit. You post this away.

The buyer keeps the small new keeper bit.

As for insurance call them and tell them the cars sold , they will usually "suspend" the policy until you get a new car.

[Deluded]

The new owner needs to fill in the v5 and sign the bottom. You the give them the new keepers suplement and you keep the left hand side to send off to the dvla ASAP. Don't let them do it as they might not bother.

As for insurance. It won't be an issue.

[randlemarcus]

Have a google for a car receipt - make sure it includes the time and date (in case of speeding tickets), and the phrase sold as seen (in case of it breaking later)

[Gooly]

Thanks for the help everyone, particularly with the car receipt thing, didn't think of that.

[Save Ferris]

If they ask you "what's the lowest you'll take?" (or similar) don't tell them! Ask them to make you an offer first, or tell the you want the asking price.

There's a strong chance your lowest price could be less than what they were going to offer!

[Swoxy]

Use the receipt from the AA's website, I think it's called a seller's contract or something like that and make sure that the buyer signs it - DO NOT IGNORE THIS ADVICE.

[doolie]

Swoxy said:

Use the receipt from the AA's website, I think it's called a seller's contract or something like that and make sure that the buyer signs it - DO NOT IGNORE THIS ADVICE.

Yes, Seller's contract, just used the very same this weekend when selling the wifes car. Not much to it but saved me writing one

[snorkel sucker]

doolie said:

Swoxy said:

Use the receipt from the AA's website, I think it's called a seller's contract or something like that and make sure that the buyer signs it - DO NOT IGNORE THIS ADVICE.

Yes, Seller's contract, just used the very same this weekend when selling the wifes car. Not much to it but saved me writing one

It is useful, yes. But imperative? No. It doesn't even need to say "sold as seen".

I do always like to have an envelope stamped and ready to go to the DVLA though; as soon as that V5 slip is torn off and handed over, the rest of the document is in the post box.

I do agree though that a receipt is a good idea, but wrong to worry about thinking that you absolutely have to have one.

[Swoxy]

You don't "absolutely have to have one" and I'm not going to go into detail but I recommend using it in order to protect your position.

[AndyT77]

Don't be pressured into taking less money than you want for it. Another buyer may just be round the corner.