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in relation to the DVLA. if I were to buy a car as a trader would I be able to sell it on within a few days? do the DVLA check 'thoroughly' when people call themselves traders? this sort of thing would be useful for quick yomps to Yorkshire when I haven't got a car etc thanks  edit: i think this would mean i wouldn't legally be able to drive it about? does anyone know? |
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our traders insurance state that you only need inform the mma if a motor is kept for more than 14 days. you will find that most traders don't regisiter cars themselves unless they need to tax them or such like.
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Its not broken, its resting!
Max signature image height: 80px
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You can buy a car today and sell it today, never had a problem with the DVLA on that score. I once bought a car (not that long back) and literally paid the owner, drove it 150 yards I kid you not and sold it to the new owner. Fill the trade part of the V5 in and off you jolly well go. Just make sure you phone (not write to or e-mail) the insurance data base and you're laughing.
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Corsa Apology Champion 2014.
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buy on Friday sell on MondayBenzBoy
@benzboy
Club Retro Rides Member 7
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Hang on hang on... how do you sell the car without the log book? What I mean is, the seller posts their part of the V5 and the DVLA eventually send the buyer a new one. Or if you are a trader, do you get to keep the whole thing? Just wondering, cos usually the logbook takes weeks to come through.  |
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When you sell to a trader, they don't get a new logbook. You post off just one little 'transfer to a motor trader' slip to say it's no longer your car, and the trader keeps the rest of it. Then, when they sell the car, they fill out the usual 'change of owner' bit, and then the new private owner gets the new V5. A trader doesn't count as a change of owner on the number of owners bit.
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Never trust a man
Who names himself Trevor.
Or one day you might find
He's not a real drug dealer.
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buy on Friday sell on MondayBenzBoy
@benzboy
Club Retro Rides Member 7
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When you sell to a trader, they don't get a new logbook. You post off just one little 'transfer to a motor trader' slip to say it's no longer your car, and the trader keeps the rest of it. Then, when they sell the car, they fill out the usual 'change of owner' bit, and then the new private owner gets the new V5. A trader doesn't count as a change of owner on the number of owners bit. Aaaah, thanks for clearing that up. |
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Jul 16, 2008 15:35:13 GMT
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This thread has become relevant again.. You can buy a car today and sell it today, never had a problem with the DVLA on that score. I once bought a car (not that long back) and literally paid the owner, drove it 150 yards I kid you not and sold it to the new owner. Fill the trade part of the V5 in and off you jolly well go. Just make sure you phone (not write to or e-mail) the insurance data base and you're laughing. what do you fill in the VAT section, assuming you're not actually a trader? also what if, when someone comes to buy the car they wonder why the address on the V5 isn't the one where it's beng sold from? to use the trader's section of the V5 don't you actually have to be a registered trader? what about providing warranties/fitness for purpose and all that? i'm worried I could get in serious trouble 'blagging' as a trader... ?  |
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Jul 16, 2008 16:39:24 GMT
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does it have to be a certain amount befoire you need to worry about like your wages are taxable after a certain amount etc
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2001 HONDA CT110 (NOT RCV)
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Jul 16, 2008 19:31:41 GMT
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You are not obliged to register for VAT, even if you are a trader. Currently it's £67.000. You can be a part time trader, and can sell without offering a warranty, though consumer law states 'goods must be of merchantable quality' which basically means it will be fit for the purpose you are selling it for.
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Thanks for the info |
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