Quick quiz re: returning a PCP car V5C/3

[vladcjelli]

Our PCP Leaf is going back, and we’ve had the inspector come and tell us how much we owe for a couple of bits.

They’ve filled in the yellow part of the V5, and told my wife to go online to notify DVLA about the transfer.

I’m sure it’s just us being dense (it’s happened before) but I’m not sure whether we’re doing it right. So far the steps we’ve gone through are:

Are you a motor trader? No
What have you done with the vehicle? Here’s where I lose the plot. The options are:
Sold it
Put it into someone else’s name
Scrapped it
Bought it

We are handing it back at the end of our agreement. What is this classed as?

If we select someone else’s name, it says give the green new keeper slip to the new owner, notify us using the online service, destroy the rest of the V5.

If we select sold it, then to a motor trader, it says give the V5 to the trader, tell DVLA using the online service, destroy the yellow slip. This almost sounds like what we need, but the yellow slip says, notify online and post the yellow slip.

Which bit do we post/destroy/fill in online?

[A1VDY]

The yellow traders slip needs to be filled in by the trader and sent off to DVLA or it can be done online.
Usually with lease cars the hirer doesn't have the V5, it's usually held by the lease company.

[Mandat]

A1VDY said:

Usually with lease cars the hirer doesn't have the V5, it's usually held by the lease company.

It's not a lease, it's PCP.

The OP says so in the title and his opening words.

[blank]

We sent a PCP back a few weeks ago.

I did the "sold to a motor trader" online and put in the address for BMW Financial Services.

I gave the BCA guy the entire V5.

Didn't have any comeback over it so assume they were ok with how I did it!

[essayer]

Bumping this up as I returned my Honda a week ago, end of PCP
Honda told me to take it to one of those ‘sell your car’ places and I dropped off the car including V5

I realised when I got home I didn’t keep the yellow bit nor did I keep a record of the document number so I can’t notify online

What happens in this scenario? Aren’t the Continuous Insurance police going to come and kick down my door?

[paul_c123]

essayer said:

Bumping this up as I returned my Honda a week ago, end of PCP
Honda told me to take it to one of those sell your car places and I dropped off the car including V5

I realised when I got home I didn t keep the yellow bit nor did I keep a record of the document number so I can t notify online

What happens in this scenario? Aren t the Continuous Insurance police going to come and kick down my door?

Normally WBAC (or whoever you sold it to) will put it "into trade" themselves within a day or two. They might not though. If you don't have the document reference number, you can write to DVLA to inform them (or go on their chat page etc, who'll tell you to write to them).