Receipt for private car sale?
Discussion
I'm assisting my parents sell their car, and want to make sure everything goes smoothly. The sale might go through on Saturday, however the car is on a private plate which my parents are retaining (the potential buyer is aware and happy with this). I'm sure the buyer will be very co-operative with the plate transfer, which I understand can take a few weeks, however I want to make sure all bases are covered in writing. The money will be paid in to my parents' account at their local branch in cash on the day, so no worries on that front.
What vital info/wording needs to be included on the receipt other than the car details, date, parents' details, price and 'sold as seen'?
What vital info/wording needs to be included on the receipt other than the car details, date, parents' details, price and 'sold as seen'?
I have been through this myself, i was advised by the DVLA that the what ever number is on the car at time of sale then becomes the property of the new owner.
The transfer should have already taken place or at least be in the process of being transfered at the time of sale or legally you have no claim on the plate. If the buyer is happy that the plate is not included all well and good, but what says he has a change of mind the next day when he has the car on his drive and has given you the money for it. You are in for a long winded process of trying to reclaim the late with no garantee of success.
You need to make a decision on how valuable the plate is, and make a judgement call.
The transfer should have already taken place or at least be in the process of being transfered at the time of sale or legally you have no claim on the plate. If the buyer is happy that the plate is not included all well and good, but what says he has a change of mind the next day when he has the car on his drive and has given you the money for it. You are in for a long winded process of trying to reclaim the late with no garantee of success.
You need to make a decision on how valuable the plate is, and make a judgement call.
you dont need to bother with the sold as seen thing if its a private sale, as you have no comeback whatsoever if it goes tits up, it would be another story if the seller was a trader in which case you can return it and get your money back if you dont like it, as the old seying goes "buyer beware"
Papoo said:
SOLD AS SEEN. Vital words.
What on earth for?If a dealer did that, they would be in big trouble as they are writing a disclaimer into the contract to waive the buyers statutory rights, which are statutory and cannot be waived.
But a private buyer has none anyway, so what's the point? Far from covering yourself, if something really bad did happen, and the buyer went legal on you, it may well be better for you not to have tried to put a disclaimer in. If there's nothing to hide, don't make a big deal out of hiding it, it could go against you.
"Received with thanks the sum of £(insert amount paid) for the purchase of vehicle metioned below.
Make:
Model:
VRM:
VIN:
As agreed, title for VRM (insert private number) remains with (insert parents name) until DVLA transfer is complete.
V5 and MOT have been retained and amended documents will be forwarded to (insert buyers name) when new number is assigned.
Signed/dated by seller
Signed/dated by buyer"
That should cover it but personally I wouldn't let the vehicle out of my control until the transfer was done.
Can buyer not pay deposit pending transfer?
Make:
Model:
VRM:
VIN:
As agreed, title for VRM (insert private number) remains with (insert parents name) until DVLA transfer is complete.
V5 and MOT have been retained and amended documents will be forwarded to (insert buyers name) when new number is assigned.
Signed/dated by seller
Signed/dated by buyer"
That should cover it but personally I wouldn't let the vehicle out of my control until the transfer was done.
Can buyer not pay deposit pending transfer?
B16JUS said:
biggest thing is dont hand over the current mot, tax disc or log book as you need them to take the plate off
That may be, but it means the buyer will be handing over tons of cash and not getting any documents... you should really take the plate off before you sell the car.NB How many centuries will pass I wonder before the flimsy bit of paper called a V5 is generally called a V5 and not a 'logbook', which to my mind conjures up Rover P5s, leather seats and line adverts for driving gloves...?!
Simpo Two said:
NB How many centuries will pass I wonder before the flimsy bit of paper called a V5 is generally called a V5 and not a 'logbook'
That irritates me too, a bit like 'Road Fund Licence' which was scrapped in 1961. I wonder where people pick the terms up from? I'm 45 and have never known of logbooks or the road fund licence, yet for many who are even younger than me, it is common usage. How? 
Edited by Balmoral Green on Thursday 30th October 19:52
nig-gtv said:
Thank you for this 
JulianHJ said:
I'm assisting my parents sell their car, and want to make sure everything goes smoothly. The sale might go through on Saturday, however the car is on a private plate which my parents are retaining (the potential buyer is aware and happy with this). I'm sure the buyer will be very co-operative with the plate transfer, which I understand can take a few weeks, however I want to make sure all bases are covered in writing. The money will be paid in to my parents' account at their local branch in cash on the day, so no worries on that front.
What vital info/wording needs to be included on the receipt other than the car details, date, parents' details, price and 'sold as seen'?
Sold as seen isn't worth jot.What vital info/wording needs to be included on the receipt other than the car details, date, parents' details, price and 'sold as seen'?
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