How do people buy and sell without ownership

[dowsett]

Just wondering,

If a person was to buy a car, say for exmaple, £1000 and then sell it for anything higher, how do they get away without having their name on the ownership docs?

So if the car has had 1 owner, and then someone buys it to sell, surely thats 2 owners from new.

I just got thinking.... garages can do it - can private 'business' people do it as well or do they have to register the car to their name?

I know there are people out there who buy cars to sell them - whether they fix them up or not. Do they have to have that extra 1 owner against the car?

[Toaster Pilot]

If you send off the yellow slip from the V5 stating that the car is "with trade", it doesn't add a keeper but suppresses tax reminders etc.

[S0 What]

Fill in the motor trader part of the V5 ?

[aspirated]

S0 What said:

Fill in the motor trader part of the V5 ?

What qualifies you as a motor trader?

[dowsett]

ive never done it before - and cant remember filling in my last form

but dont you have to state where the car is kept? and is it legit to say its with trade if its park on a residential driveway?

[Sexual Chocolate]

aspirated said:

What qualifies you as a motor trader?

Buying and selling cars.

[DocArbathnot]

aspirated said:

S0 What said:

Fill in the motor trader part of the V5 ?

What qualifies you as a motor trader?

You should have a registered business. Some people however will convince the seller not to fill anything in on the V5 and just hand it over.

[Faxo]

I always fill in the trade bit if I'm buying to sell, and I'm not a trader I'm a mechanic that buys the odd 'fixer upper'

It takes it out of the keepership of the previous owner iirc?

[S0 What]

DocArbathnot said:

aspirated said:

S0 What said:

Fill in the motor trader part of the V5 ?

What qualifies you as a motor trader?

You should have a registered business. Some people however will convince the seller not to fill anything in on the V5 and just hand it over.

Nope just need to buy and sell cars.
Anyway it all academic cos filling in the V5 only proves you are the registerd keeper not the owner, to be the owner you need a recipt.

Edited by S0 What on Wednesday 8th January 20:34

[dave828]

I'm trade & i just fill out the yellow slip,give it to them to send off & i take the logbook.

In a few cases ive taken the whole logbook with me & not filled anything out

[V8RX7]

Faxo said:

I always fill in the trade bit if I'm buying to sell, and I'm not a trader I'm a mechanic that buys the odd 'fixer upper'

Therefore you ARE a trader.

[Ozzie Osmond]

Faxo said:

I always fill in the trade bit if I'm buying to sell, and I'm not a trader I'm a mechanic that buys the odd 'fixer upper'

Errm...

I'm not a doctor, I just do abortions for cash.

You're a trader. Don't forget to pay your taxes.