Occasionally buying cars on the side - registered keepers

[Chris_91]

If I want to buy and flip a few cars a year on the side, is it possible to avoid adding a registered keeper to the V5, or do I have to register as a trader or something (and are there costs involved in that?)

[Old Merc]

The motor trader way........The registered keeper who sells you the car fills in V5C/3 (the yellow bit) and sends it to DVLA this tells them its been transferred to a motor trader.
The motor trader keeps the rest of the V5. Then when he sells the car he gives the new keeper V5C/2 (the green bit) and destroys the rest of V5.
He also informs DVLA online that the car is sold. Remember if your a trader you wont be able to park any of these cars on the road. You would also need a motor traders insurance policy and trade plates.

The other way is just the normal new keeper transfer,tax and insure the car yourself, or SORN it. and your name and address will be in the new V5.

I`m sure you will also be declaring everything to HMRC.

Edited by Old Merc on Sunday 10th February 18:32