Buying a car without logbook?
Discussion
Of course there is. There must be a post every week by someone who's bought a car without a V5 and have discovered it has a logbook loan attached to it.
Depends how much you trust the seller I suppose but I'm sure the others trusted the seller too. Me personally wouldn't buy a car without a V5.
ETA: Have you seen the V5 or has he just told you it's been sent off? The former obviously makes it a little better but a level of trust is still obviously needed.
Edited by TheTurbonator on Saturday 3rd March 21:32
andygo said:
I am going to view a car tomorrow but the seller has sent the logbook off to put his cherished reg on retention.
If I buy without the logbook present, could anything go wrong?
You've been on the forum for nearly 10 years and posted over 3000 posts SO, do you think anything could go wrong?If I buy without the logbook present, could anything go wrong?
Troll marks: 1 out of 10 - "must try harder"
I bought a wee snotter of a vitara with no V5 as had accident damage on old cherished plate but bought by a guy I know and sorted then sold to me.
I got new V5 and have had 6 months of cheap happy motoring. No problems at all apart from a slight mileage error showing up on car check site. Car sold as 65k but was really 90 if you looked hard enough.
The guy that sold it to me was duped on mileage thing as it went back 4 yrs so dropped a few hundred off price to me when I told him.
I wasn't caring really as a 51 plate petrol vitara for taking the dogs out for £1.5k (£2.2advertised) did me!!
I got new V5 and have had 6 months of cheap happy motoring. No problems at all apart from a slight mileage error showing up on car check site. Car sold as 65k but was really 90 if you looked hard enough.
The guy that sold it to me was duped on mileage thing as it went back 4 yrs so dropped a few hundred off price to me when I told him.
I wasn't caring really as a 51 plate petrol vitara for taking the dogs out for £1.5k (£2.2advertised) did me!!
Unless the seller is your Mother (and you get on very well with her), then NEVER buy a vehicle without seeing / receiving the V5C.
For all the good news / everything went well stories, there are far MORE stories with not such a happy ending.
There is always another motor out there.
Good Luck whichever path you take
For all the good news / everything went well stories, there are far MORE stories with not such a happy ending.
There is always another motor out there.
Good Luck whichever path you take
JumboBeef said:
I have bought (and sold) a number of motors without the V5, always due to plate transfer.
If everything else is correct (history, you are invited in for a cup of tea and not in a car park somewhere etc etc etc) then you'll be fine.
Yes. If they offer a cup of tea, definitely genuine.If everything else is correct (history, you are invited in for a cup of tea and not in a car park somewhere etc etc etc) then you'll be fine.
simoid said:
JumboBeef said:
I have bought (and sold) a number of motors without the V5, always due to plate transfer.
If everything else is correct (history, you are invited in for a cup of tea and not in a car park somewhere etc etc etc) then you'll be fine.
Yes. If they offer a cup of tea, definitely genuine.If everything else is correct (history, you are invited in for a cup of tea and not in a car park somewhere etc etc etc) then you'll be fine.
There is no foolproof way to protect yourself from getting done by a logbook loan.
A few years ago it might have been risky to buy without the logbook but nowadays with the rise of these logbook loans it is very risky.
I believe some logbook loan companies have agreed to register the loans with ONE of the HPI search providers (not sure if they all use the same database) but this is voluntary. I believe these types of loan have to be registered at the High Court - but I dunno if you can search the database - I doubt it.
Its amazing that the Govt hasn't banned these things given the huge and rising amount of detriment being caused to innocent people. But what do you expect from a Government that is so scared to bring in regulation that they allow almost any dodgy indutsry to 'self regulate'.
A few years ago it might have been risky to buy without the logbook but nowadays with the rise of these logbook loans it is very risky.
I believe some logbook loan companies have agreed to register the loans with ONE of the HPI search providers (not sure if they all use the same database) but this is voluntary. I believe these types of loan have to be registered at the High Court - but I dunno if you can search the database - I doubt it.
Its amazing that the Govt hasn't banned these things given the huge and rising amount of detriment being caused to innocent people. But what do you expect from a Government that is so scared to bring in regulation that they allow almost any dodgy indutsry to 'self regulate'.
Chiswickboy said:
shovelheadrob said:
But shirley even with a logbook loan people just apply for a replacement V5 then sell the motor with that? Or am I missing something?
You and me both.The V5C only shows the registered keeper - not the owner.
Now I know someone is going to pop up and say they bought a car which had a duplicate V5 and every thing was fine, I don't doubt it- BUT why take the risk?
and stop keep calling me Shirley
It's not too uncommon to buy a car withut a logbook especially from a dealer.
A logbook is only record of the keeper not the owner so all you have to do when buying a car from a dealer or anyone else is get a receipt saying 'I am the owner, there is no outstanding finance' or if there is finance they might specify the finance is to be paid off on sale or you could write one half the cheque to the finance company having asked their settlement figure
If private they might add ' sold as seen'.
Once you own the car and are keeping it you can send off for a new logbook
A logbook is only record of the keeper not the owner so all you have to do when buying a car from a dealer or anyone else is get a receipt saying 'I am the owner, there is no outstanding finance' or if there is finance they might specify the finance is to be paid off on sale or you could write one half the cheque to the finance company having asked their settlement figure
If private they might add ' sold as seen'.
Once you own the car and are keeping it you can send off for a new logbook
NGee said:
Chiswickboy said:
shovelheadrob said:
But shirley even with a logbook loan people just apply for a replacement V5 then sell the motor with that? Or am I missing something?
You and me both.The V5C only shows the registered keeper - not the owner.
Now I know someone is going to pop up and say they bought a car which had a duplicate V5 and every thing was fine, I don't doubt it- BUT why take the risk?
and stop keep calling me Shirley
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