Urgent help required! Buying a car without V5 document - need some advice!

[FightBack]

So does having possesion of the actual car, two keys, having a clear Hpi check, receipts of both purchases, new keeper supplement from previous sale, mot and service history for the car mean nothing?

 

So it is possible in this day and age for you to have all that information but yet it is not proof the car is yours?

 

How would someone that was not the actual owner have all of that information - inparticular the service history??

 

What is the point of doing a Hpi check if it is meaningless? Because obviously the reason this purchase would be risky is to do with the fact that the car could be stolen? But then shouldn't it appear so on the Hpi??

 

 

It SHOULD do, yes. But let's say the guy who is selling it to you (call him no. 3) has acquired it in good faith from somebody (2) who has rented/leased it from somebody else (1), then stopped paying & not returned the vehicle. There is a delay in (1) reporting it to the police while he tries to sort things out with (2), who has already sold it on to (3). Meanwhile you come along & fall in love with the car & buy it from (3) with no V5.

 

You get stopped one night by a police ANPR check, showing the vehicle is stolen. (1 has now reported it as such). You WILL be arrested on suspicion of taking a vehicle without the owners consent. HPI won't be interested because at the time of the check, it wasn't reported stolen - they have kept thier side of the deal.

 

Although it is not proof of ownership, a V5 will certainly help show that you acquired the vehicle in good faith & are not trying to hide anything. The above scenario might sound far fetched, but it isn't, trust me - unfortunately I can't go into further details on a public forum.

 

I really really would not purchase without a V5. If the guy is legit, he won't mind sorting it out. If not, there is ALWAYS another bargain to be had.

[FightBack]

Hi everyone,

 

I am due to buy a car without a V5 document as the owner of the car was not sent a new V5 when he originally purchased the car but failed to chase this matter with the DVLA.

 

Ask yourself (or even better, ask him) WHY??

Obviously the DVLA do not recommend you buy a car without a V5 but then they do have an option for that on the V62 form so it must happen.

 

Yep, it can & does happen (as in the real life example I gave) but the potential for something to go wrong (as you mention below) is horrendous.

 

I am basically just worried that if I fill in a V62 and the DVLA contact the person that is currently the registered keeper (but not the owner) and they for some reason object I will have lost money. I will have a receipt for my purchase, I am paying by bankers draft, I will have the car with 2 keys and all the documents mentioned above - will this be enough to argue my case if it comes to it?

 

You will be able to argue, but at best it will mean a long frustrating debate between insurance companies, at worst you might be doing so having already been arrested.

 

Can somebody help and offer me some advice ASAP please!!? Thanks.

 

The above poster sounds more qualified than me, but my simple advice is tell this guy to ring you when he has the V5, or walk away from the deal & save yourself a lot of potential grief down the line.

 

Hope this is of some help.

[FightBack]

At this stage I would just like to thank you all for your comments, please keep them coming - you can NEVER receive enough advice! I am still no closer to a decision either way but your advice is obviously helping me think about worse case scenario etc and making me question whether or not it is worth it.

 

Fightback - I understand you seem to have had a bad experience and I really appreciate your advice on this. It definitely helps. I think to put my mind at rest both ways I will do what Oh Boy suggests (I have nothing to lose by doing that) and see if that settles my doubts. If not I agree that I should just walk away.

 

Pat Davies it would be interesting to hear your experiences as well on the flip side. As we have Fightback with the bad experience and trouble and you with good experiences. Would be good to get an understanding of both sides.

 

No problem mate, wasn't an experience for me, I was the poor sod investigating it, believe me I wouldn't wish it on anybody!