Is buying a used car without a logbook safe?
Purchasing a vehicle without a logbook, also known as a V5C registration certificate, has long been fraught with danger. Although this is set to change with the ability to apply for a logbook online, it is still crucial to understand the consequences of purchasing a car without one. Continue reading to learn more.

Genuine seller or dealer
Although the
registered holder may have legitimately lost or forgotten the logbook, there
have been instances where automobiles have been sold without logbooks, and the
buyer afterwards discovered the vehicle was stolen or wrecked.
The
registered keeper may also have taken out a "logbook loan," in which
the seller uses the vehicle's V5C paperwork as collateral for a loan.
The seller's
most common argument is that they didn't have time to apply for a replacement
log book registration certificate, which can take up to 6 weeks.
The DVLA has launched a new online logbook service.
Along with
telling the DVLA that you have sold a car, you may now apply for a new v5c –
replacement V5C online as well. Anyone who has legal ownership of the car can
now get a replacement log book in as little as 5 days thanks to this new
digital approach.
What difference does this make when purchasing a vehicle without a logbook?
Believe car analytics
this will go a long way toward making it much more difficult to sell stolen and
scrapped vehicles, and we advise used car buyers to follow the procedures
below.
If you come
across a car for sale without a V5C paperwork, run a vehicle history check
first to ensure there is nothing wrong with the vehicle that could cause you
trouble in the future. So that you don't have to acquire a car without a
logbook, you should ask the seller/registered keeper to apply for a replacement
logbook online.
The seller
will then be required to pay £25 through credit or debit card. Here is a link
to the new DVLA duplicate log book service.
Putting down a deposit
A holding
deposit may be requested by the vendor. This is acceptable, although we do not
advocate paying more than £100 as a deposit, and you should always request a
receipt.
We strongly
advise you to ask the vendor to finish the online replacement logbook process
while you are present before making a deposit. Alternatively, request a paper
receipt from the DVLA, which will have been issued.
It'll be
tough to tax a car without a logbook, which you'll need to fill out before
driving it away.
Remember,
regardless of how trustworthy the vendor appears, conducting a vehicle history
check to verify there are no hidden surprises is always a smart idea. For a
nominal cost, Car Analytics provides the most comprehensive history check
via our buyer’s report.
With our
buyer's report, you'll be able to identify any risk factors such as outstanding
debt, the number of transactions, and so on.
I appreciate your efforts which you have put into this article. Genuinely it is a useful article to increase our knowledge. Thanks for share an article like this.Used Car Lots Gainesville Ga
ReplyDeleteI think it's safe to buy a used car, as long as it's in more or less good condition. Now you can rent luxury cars absolutely everywhere and they are not new, but in very good condition.
ReplyDelete