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Nov 13, 2015 10:32:28 GMT
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Bit of an odd one but it's been bugging me for a while, just wondering if anyone else had noticed....
I, like many, join a lot of car sales Facebook groups but has anyone else noticed a good 90% of the cars for sale on them always say "no v5" , "v5 lost in house move but full receipt given" or "green slip only"
Ok fair enough the odd one or two people might lose them but I'm talking the majority here. Is there some kind of scam going on that I don't know about?
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Nov 13, 2015 11:42:01 GMT
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In many cases I reckon that it's nothing more sinister than people being hopelessly disorganised with paperwork and being too tight to pay the £25 to get a replacement V5 from the DVLA.
But yes, it's something I've noticed and it immediately makes me suspicious about why the V5 is missing - for example, does it have a log-book loan against it (which doesn't show on an HPI check AFAIK)?
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1990 Peugeot 205 GTi 1.9 // 1991 Peugeot 205 GTi 1.9 16v // 1992 Peugeot 205 GTi 1.9 // 1999 Peugeot 306 Meridian HDi Estate
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BT
Posted a lot
Posts: 1,772
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Nov 13, 2015 11:53:37 GMT
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or example, does it have a log-book loan against it (which doesn't show on an HPI check AFAIK)? The following is just from what i've read, could be totally wrong so please don't take it as gospel. I was told that it would show as outstanding finance! I hope they are right because i was reading a thing that suggested if you have bought the car and finance is owed against it, that debt is then upon the new vehicle owner. Seems wrong but so do many things. I am happy to buy cars that are accident damaged, been left in a barn for 30 years, have the engine in the boot, don't actually have wheels but if they don't have a V5, its pretty much a deal breaker for me. When I was a lot younger i advertised one of my old motorbikes for sale and i got offered a swap. Swaps always make me a little apprehensive in the first place, however he had the exact bike i was looking to upgrade to. He was on an estate just down the road in Lewisham, i thought i would go and have a look. It looked cracking and we exchanged bikes, he then told me he had no service history, no MOT and no V5 but had applied for it that very morning (yeah, sure you did!) and that he would sort the V5 out when it arrived. I was young, and i just took it with the hope of being able to apply for it myself. To my surprise the end of the week the lad had come and knocked on my door to fill out the V5 and also had all the paperwork under his arm. However since then i have never taken any vehicle with no V5, despite the positive experience. |
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Nov 13, 2015 12:05:00 GMT
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A lot of it, particularly on cheap cars, is simply people flipping cars for a bit of profit.
*n
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Top grammar tips!
Bought = purchased. Brought = relocated
Lose = misplace/opposite of win. Loose = your mum
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Nov 13, 2015 12:15:10 GMT
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Green slip only makes me thinks they''ve bought the car on the cheap and are selling it on quick. When I was a lot younger i advertised one of my old motorbikes for sale and i got offered a swap. Swaps always make me a little apprehensive in the first place, however he had the exact bike i was looking to upgrade to. He was on an estate just down the road in Lewisham, i thought i would go and have a look. It looked cracking and we exchanged bikes, he then told me he had no service history, no MOT and no V5 but had applied for it that very morning (yeah, sure you did!) and that he would sort the V5 out when it arrived. I was young, and i just took it with the hope of being able to apply for it myself. To my surprise the end of the week the lad had come and knocked on my door to fill out the V5 and also had all the paperwork under his arm. However since then i have never taken any vehicle with no V5, despite the positive experience. I thought that story would end very differently! |
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Last Edit: Nov 13, 2015 12:15:49 GMT by mgbizzle
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Nov 13, 2015 12:16:13 GMT
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I have a very popular facebook cheap car page, and 9 times out of ten, the lack of a full V5 is as said - down to the seller being a bit of a home trader who is just flipping cars for a quick profit. The rest of the V5 has been sent off by the previous owner, so all the "trader" has is the green slip.
My advice has always been - get a receipt from the seller showing the cars reg, the address the seller lives at (make sure it IS his house), the price paid, and the sellers signature. Also try to get a picture of the seller with the car, most times they're okay with that.
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1993 Fiat Panda Selecta
2003 Vauxhall Combo 1.7DI van
2006 Mercedes Kompressor Evolution-S AMG SportCoupé
"You think you hate it now, wait til you drive it"
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slomoshun
Part of things
Going forward one nut and bolt at a time
Posts: 319 
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Nov 13, 2015 12:24:48 GMT
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No V5 no deal that way good or bad you don't get your fingers burnt. Sure some have genuine reason and lost it but as been said how do you know ? Done a few swaps and had 99 % good results but there is always the one too many swaps at the back of your mind. Best swap was actually a fellow RR member.
After many swaps and sales finally got the motor i want but still have a quick look on sites everyday / force of habit i suppose.
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Last Edit: Nov 13, 2015 12:25:13 GMT by slomoshun
Traction and horsepower is nearing perfection
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bortaf
Posted a lot
Posts: 4,549
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Nov 13, 2015 13:00:43 GMT
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I get cars all the time with no V5, customer brings a shed in for repair, cant afford the repair so give it to me and dissapear, usually not taxed but strangley MOT'd? no idea why i must attract a certain kind of customer/owner  they are usually regulars who just wash thier hands of the car and walk away thinking everything is ok, costs me £25 to get a V5 but for a free or very cheap cars it's worth the risk, i wouldn't part with more than £50 for a motor without a V5 cos of the hassle, i makes my choice and takes the chance, i often sell them on in the trade with no V5 but wouldn't to a punter, ALLWAYS get a recipt though, with addy and some form of ID to make sure the addy is correct, it's the recipt that proves ownership not the V5 but it is allways a risk IMHO. |
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R.I.P photobucket
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mikeymk
Part of things
'85 Polo Coupe S 1.6 16v
Posts: 931
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Nov 13, 2015 14:02:04 GMT
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Having ownership isn't everything though - whoever's name is on the V5 has management rights over it's registration. They can challenge your application or even retain/transfer your plate during your ownership. Buying the car is one thing but only the V5 gives you it's I.D.
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peewee
Part of things
Posts: 103
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Nov 13, 2015 17:44:00 GMT
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i wont buy a car with no v5 unless I'm breaking it also noticed a trend of people raffling cars off
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Nov 13, 2015 17:47:41 GMT
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Nov 13, 2015 20:37:17 GMT
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I recently bought my lads escort estate complete with the whole log book from a trader who had taken it in px from its one original owner, I've bought and sold so many cars but never been given the whole log book! All seems ok and a new log book should be here soon as I've just taxed it, I
The whole system has changed massively now, back in the 80s I bought escort mk1s every few weeks and never registered them to myself,, nowadays you just can't do it, insurance companies insist that cars must be registered in your name.... All for the best imo,
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Fraud owners club member
1999 Jaguar s type
1993 ford escort
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Nov 13, 2015 21:20:23 GMT
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The whole system has changed massively now, back in the 80s I bought escort mk1s every few weeks and never registered them to myself,, nowadays you just can't do it, insurance companies insist that cars must be registered in your name.... All for the best imo, I don't think many of the people trading on facebook etc will have any form of insurance anyway so I doubt having a car registered to them or not will really matter |
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Nov 13, 2015 23:39:47 GMT
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ive noticed it a fair bit, it tend's to be people buying cars on the side doing a bit of work on them then flipping them on for a profit before theyve recieved the full v5 in there name.
have seen case's of the same car being advertised and sold in the morning to see it being sold on another group by lunchtime by a different person. the most notable was a 3000 gt with a faulty ignition switch being advertised by 3 different people at 3 different locations in the same day using the same photo's and the price jumping £500 from the original sale price to or the a140 that was advertised at £120 with no mot sold almost instantly, the next day same car was listed by someone else for £500 with 12 months mot.
If you watch the groups long enough you get a pattern of the same people selling stuff and buying stuff regularly especially if you watch a few groups. herefordshire, gloucestershire, chepstow & forest of dean are the local ones that i check on.
Have been tempted to ask some of the sellers how much warranty they provide due to it being pretty obvious they are trading
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they are usually regulars who just wash thier hands of the car and walk away thinking everything is ok, costs me £25 to get a V5 but for a free or very cheap cars it's worth the risk, i wouldn't part with more than £50 for a motor without a V5 cos of the hassle, i makes my choice and takes the chance, i often sell them on in the trade with no V5 but wouldn't to a punter, ALLWAYS get a recipt though, with addy and some form of ID to make sure the addy is correct, it's the recipt that proves ownership not the V5 but it is allways a risk IMHO.
