Buying a car to sell on privately....
Discussion
Just a query on the process - I am in a position to pick up an ex company car a very reasonable price through my work - the idea is to sell it on privately right away.
Never done this before so what do I need to do to be above board....? Does it have to be registered to me? etc?
Cheers for any help
Never done this before so what do I need to do to be above board....? Does it have to be registered to me? etc?
Cheers for any help
When the company sells it to you they will send the V5 off with your details to the DVLA.
If you can convince them to give you the docs rather than the DVLA (as you are going to sell it right away) then that's all you need to sell it on but the risk is on them eg parking tickets speeding fines etc.
If you can convince them to give you the docs rather than the DVLA (as you are going to sell it right away) then that's all you need to sell it on but the risk is on them eg parking tickets speeding fines etc.
The registration document is not proof of ownership so you don't have to have it in your name.
It'd be a foolish buyer who bought a car without one with your details on it however.
Are you planning on selling it to a friend or similar? If not, you may have to wait for the docs to arrive from the DVLA.
It'd be a foolish buyer who bought a car without one with your details on it however.
Are you planning on selling it to a friend or similar? If not, you may have to wait for the docs to arrive from the DVLA.
ST270,
If you purchase a vehicle from your employers, they should ensure that the car is registered in your name. (In order to cover themselves against any possible future problems). If they don't do that, they are not adhering to the rules about disposing of a vehicle.
If they do insist on registering it in your name and you get a buyer, I would want to know, (as the prospective buyer), why you had only owned the car for 1 month.......
You are trying to do exactly what the Government should be legislating against. Stopping people masquerading as private sellers when what they are actually doing is being pseudo motor traders. You may only sell 1, 2, 4, 9, cars a year, but you are dealing in motor vehicles. You are NOT paying the overheads that all legitimate car dealers have to pay, but sticking any profit on the deal straight in your pocket.
How would you feel if your employer told you that you were being replaced by someone that would cost them less to employ. Upset I would think.
The above, and other reasons as well, is why all the auction houses will always send off the registration document to DVLA on your behalf, (if you are a private purchaser at auction), and charge you £25 for the privilege. It is to stop the private buyers at auctions then selling vehicles on to make a profit, without their name on the V5.
If you purchase a vehicle from your employers, they should ensure that the car is registered in your name. (In order to cover themselves against any possible future problems). If they don't do that, they are not adhering to the rules about disposing of a vehicle.
If they do insist on registering it in your name and you get a buyer, I would want to know, (as the prospective buyer), why you had only owned the car for 1 month.......
You are trying to do exactly what the Government should be legislating against. Stopping people masquerading as private sellers when what they are actually doing is being pseudo motor traders. You may only sell 1, 2, 4, 9, cars a year, but you are dealing in motor vehicles. You are NOT paying the overheads that all legitimate car dealers have to pay, but sticking any profit on the deal straight in your pocket.
How would you feel if your employer told you that you were being replaced by someone that would cost them less to employ. Upset I would think.
The above, and other reasons as well, is why all the auction houses will always send off the registration document to DVLA on your behalf, (if you are a private purchaser at auction), and charge you £25 for the privilege. It is to stop the private buyers at auctions then selling vehicles on to make a profit, without their name on the V5.
dave_s13 said:
Buying your company car and then selling it privately is not car dealing ffs. It's not like you can do this more than a once every couple of years is it.
Just get it registered in your name then advertise it for sale, simple.
Err, what he has said is EXACTLY dealing. Did we read the same post?Just get it registered in your name then advertise it for sale, simple.
Doesn't matter if it's one car or eleventy billion, what he is trying to do is buy it, preferably not register it, sell it on at a profit quickly.
Yeah, I'd call that dealing.
datum77 said:
ST270,
If you purchase a vehicle from your employers, they should ensure that the car is registered in your name. (In order to cover themselves against any possible future problems). If they don't do that, they are not adhering to the rules about disposing of a vehicle.
If they do insist on registering it in your name and you get a buyer, I would want to know, (as the prospective buyer), why you had only owned the car for 1 month.......
You are trying to do exactly what the Government should be legislating against. Stopping people masquerading as private sellers when what they are actually doing is being pseudo motor traders. You may only sell 1, 2, 4, 9, cars a year, but you are dealing in motor vehicles. You are NOT paying the overheads that all legitimate car dealers have to pay, but sticking any profit on the deal straight in your pocket.
How would you feel if your employer told you that you were being replaced by someone that would cost them less to employ. Upset I would think.
The above, and other reasons as well, is why all the auction houses will always send off the registration document to DVLA on your behalf, (if you are a private purchaser at auction), and charge you £25 for the privilege. It is to stop the private buyers at auctions then selling vehicles on to make a profit, without their name on the V5.
Appreciate the response and I understand your viewpoint 100%.If you purchase a vehicle from your employers, they should ensure that the car is registered in your name. (In order to cover themselves against any possible future problems). If they don't do that, they are not adhering to the rules about disposing of a vehicle.
If they do insist on registering it in your name and you get a buyer, I would want to know, (as the prospective buyer), why you had only owned the car for 1 month.......
You are trying to do exactly what the Government should be legislating against. Stopping people masquerading as private sellers when what they are actually doing is being pseudo motor traders. You may only sell 1, 2, 4, 9, cars a year, but you are dealing in motor vehicles. You are NOT paying the overheads that all legitimate car dealers have to pay, but sticking any profit on the deal straight in your pocket.
How would you feel if your employer told you that you were being replaced by someone that would cost them less to employ. Upset I would think.
The above, and other reasons as well, is why all the auction houses will always send off the registration document to DVLA on your behalf, (if you are a private purchaser at auction), and charge you £25 for the privilege. It is to stop the private buyers at auctions then selling vehicles on to make a profit, without their name on the V5.
How about this scenario?
I sell to a friend who has seen the car so I am simply acting as the intermediary - the car is currently insured on our company fleet policy and by rights this will continue until it is sold. The company is happy for me to sell it on their behalf and take a cut for my troubles - if all I am doing is handing the car over to the new owner acting on behalf of the company I work for then do i really need to have the vehicle registered to me to sell?
ST270 said:
Appreciate the response and I understand your viewpoint 100%.
How about this scenario?
I sell to a friend who has seen the car so I am simply acting as the intermediary - the car is currently insured on our company fleet policy and by rights this will continue until it is sold. The company is happy for me to sell it on their behalf and take a cut for my troubles - if all I am doing is handing the car over to the new owner acting on behalf of the company I work for then do i really need to have the vehicle registered to me to sell?
Asking stuff like this on here will only be met with judge judy type responses, dealers calling you out and the morally delicate getting all flustered. How about this scenario?
I sell to a friend who has seen the car so I am simply acting as the intermediary - the car is currently insured on our company fleet policy and by rights this will continue until it is sold. The company is happy for me to sell it on their behalf and take a cut for my troubles - if all I am doing is handing the car over to the new owner acting on behalf of the company I work for then do i really need to have the vehicle registered to me to sell?
Just do what you want and don't shout about it.
is your friend aware he will have no protection in the event of a failure? You may even have some form of legal liability as arranger.
it may seem cheap and it will have a known history but there will be no warranty provided by your employer as they are not selling the vehicles as a trader
it'll all be down to technicalities I beleive, if they sell direct to him and register the vehicle to him then your are an intermediary who arrange the sale not a dealer but if they sell you and you sell to him you are a dealer.
it may seem cheap and it will have a known history but there will be no warranty provided by your employer as they are not selling the vehicles as a trader
it'll all be down to technicalities I beleive, if they sell direct to him and register the vehicle to him then your are an intermediary who arrange the sale not a dealer but if they sell you and you sell to him you are a dealer.
dave_s13 said:
Jesus, amazing how many on here don't live in the real world. Buy it, register it in your name, run it for a few weeks, sell it.
Assuming this is a one off thing who is going to give a flying f
k? Apart from the car dealers and righteous beings on here, nobody at all.
Except that's not what he said he wanted to do, is it?Assuming this is a one off thing who is going to give a flying f
k? Apart from the car dealers and righteous beings on here, nobody at all. What he wanted to do, well, spot the flipside:
'This is my first post, and I hope Pistonheads can help me.I just bought a car, and three days after I bought it, the clutch has gone. Bloke I got it from says it was a private sale, but I don't think it was, it wasn't his name on the V5, said he'd just got the car, and is now saying it's nothing to do with him'
Ad infinitum.
Hainey said:
Except that's not what he said he wanted to do, is it?
What he wanted to do, well, spot the flipside:
'This is my first post, and I hope Pistonheads can help me.I just bought a car, and three days after I bought it, the clutch has gone. Bloke I got it from says it was a private sale, but I don't think it was, it wasn't his name on the V5, said he'd just got the car, and is now saying it's nothing to do with him'
Ad infinitum.
That is tough sWhat he wanted to do, well, spot the flipside:
'This is my first post, and I hope Pistonheads can help me.I just bought a car, and three days after I bought it, the clutch has gone. Bloke I got it from says it was a private sale, but I don't think it was, it wasn't his name on the V5, said he'd just got the car, and is now saying it's nothing to do with him'
Ad infinitum.
t. The expected PH response would shift blame entirely toward the OP... caveat emptor etc. dave_s13 said:
Jesus, amazing how many on here don't live in the real world. Buy it, register it in your name, run it for a few weeks, sell it.
Assuming this is a one off thing who is going to give a flying fk? Apart from the car dealers and righteous beings on here, nobody at all.
righteous? I'm not saying dont do its wrong and bad, but the guy asked for opinions.Assuming this is a one off thing who is going to give a flying f
k? Apart from the car dealers and righteous beings on here, nobody at all. It a grey area to sell it on immediately and to do it really he'd need the vehicle to be registered to him.
Buy it, have it registered in your name, sell it to the likes of WBAC - that's what I did, easiest 1.5k I ever made.
You need to have the V5 and a receipt of purchase in your name, but this should be straightforward. I did advertise the car privately, but, as I suspected, no-one has 8k+ in cash to spend on a car - finance = wheels to the average pleb.
You need to have the V5 and a receipt of purchase in your name, but this should be straightforward. I did advertise the car privately, but, as I suspected, no-one has 8k+ in cash to spend on a car - finance = wheels to the average pleb.
Gassing Station | General Gassing | Top of Page | What's New | My Stuff