Seller didn't transfer V5C to himself.
Discussion
Hello everyone,
I have been looking for a car for a week or so and have come across a seller who is selling a car for around 2k, (4.3k) less than its value. The one issue I have is that after telling him to meet up at the address the car is registered at, he has told me that it is still registered to the previous keeper. After asking him why, he has told me that he bought it from a car auction 3 months ago and didnt transfer it.
I've already done a HPI check and it has come back clean, the seller also claims to have the receipts / invoices for the sale of the car, and we will be meeting up at his home.
Would this be a wise decision? Don't want to buy a car only to have it seized later for being reported stolen.
Any comment appreciated.
I have been looking for a car for a week or so and have come across a seller who is selling a car for around 2k, (4.3k) less than its value. The one issue I have is that after telling him to meet up at the address the car is registered at, he has told me that it is still registered to the previous keeper. After asking him why, he has told me that he bought it from a car auction 3 months ago and didnt transfer it.
I've already done a HPI check and it has come back clean, the seller also claims to have the receipts / invoices for the sale of the car, and we will be meeting up at his home.
Would this be a wise decision? Don't want to buy a car only to have it seized later for being reported stolen.
Any comment appreciated.
Ah I see, it could well be legit - if he bought it from auction and planned to sell it on there is no point registering the car in his name as it will already be registered as trade. Could be worth asking to see the auction invoice (with the purchase price blanked out) but as ever with these things tread carefully and check everything you possibly can.
Its normal for the auction to send the V5 for a keeper change directly and charge the buyer for this, unless the buyer is a trader and registered as that with them.
Is the seller declaring he is a trader?
Make sure your HPI check covers all registers, the cheaper ones sometimes only check stolen/insurance claim and not finance.
If it all checks out, when you view the car and documents and are going to conclude the deal, change the keeper online with the DVLA, if it doesn't allow this, there may be another V5 floating about.
Nothing is 100 percent, but if your going to the sellers home and has something like a driving licence to that address, it checks out on HPI, perhaps transfer the money to his bank, think your as covered as you can be.
Is the seller declaring he is a trader?
Make sure your HPI check covers all registers, the cheaper ones sometimes only check stolen/insurance claim and not finance.
If it all checks out, when you view the car and documents and are going to conclude the deal, change the keeper online with the DVLA, if it doesn't allow this, there may be another V5 floating about.
Nothing is 100 percent, but if your going to the sellers home and has something like a driving licence to that address, it checks out on HPI, perhaps transfer the money to his bank, think your as covered as you can be.
Nickp82 said:
Ah I see, it could well be legit - if he bought it from auction and planned to sell it on there is no point registering the car in his name as it will already be registered as trade. Could be worth asking to see the auction invoice (with the purchase price blanked out) but as ever with these things tread carefully and check everything you possibly can.
Thanks for the reply, I'll ask him now. AutoClouseau said:
Its normal for the auction to send the V5 for a keeper change directly and charge the buyer for this, unless the buyer is a trader and registered as that with them.
Is the seller declaring he is a trader?
Make sure your HPI check covers all registers, the cheaper ones sometimes only check stolen/insurance claim and not finance.
If it all checks out, when you view the car and documents and are going to conclude the deal, change the keeper online with the DVLA, if it doesn't allow this, there may be another V5 floating about.
Nothing is 100 percent, but if your going to the sellers home and has something like a driving licence to that address, it checks out on HPI, perhaps transfer the money to his bank, think your as covered as you can be.
I used the HPICheck.com website and came back clean. I'll match the VIN to ensure it's all good. Is the seller declaring he is a trader?
Make sure your HPI check covers all registers, the cheaper ones sometimes only check stolen/insurance claim and not finance.
If it all checks out, when you view the car and documents and are going to conclude the deal, change the keeper online with the DVLA, if it doesn't allow this, there may be another V5 floating about.
Nothing is 100 percent, but if your going to the sellers home and has something like a driving licence to that address, it checks out on HPI, perhaps transfer the money to his bank, think your as covered as you can be.
TheRiskTaker said:
Bomma - does seem suspicious, hence why I am skeptical but doesn't hurt to take it look, even though it's around 2 hours from my house.
Fair enough, it's just that there are very few genuine bargains around in the used car world, especially at £2k below their true value.It's a 4 hour journey there and back, I do hope it's not a waste of your time and money. Tread very carefully and don't get your fingers burnt chap.
There's 1000's of other cars for sale out there.
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