Why do dealers want to keep the whole v5?

[Bubbles96]

Just sold my vehicle to a dealer (that has a reputation for being a cowboy) and he was insisting on competing the yellow section only and giving him the whole v5

I completed it online by selecting motor trader etc. And gave him the green slip

Now he's fuming

My question is, why does he want the remainder of the v5 if its now void. I understand even the document reference number is void.

I'm not a fan of sending my personal details over to someone if there is no value.

So what's the value of him keeping it?

Do they generally just hand it over to whoever they sell it to?

This guys also known for sending vehicles abroad...not sure if that has anything to do with it?

Edited by Bubbles96 on Wednesday 13th December 14:02

[Leins]

I seem to recall any car I bought in England and brought back to Ireland needed most of the V5 over here for assessment of import taxes and registration

[stevemcs]

you complete the sold to a trader section, either by post or preferably online they have the rest. They should not get upset about it unless they want to leave it in your name for some reason, as soon as the DVLA are notified it goes into the trade and they are liable for it. Anyone who doesn't like it i'd be very warey of.

[RonnieHotdogs]

There's no value in it. Whenever I've sold to a trader (including last month) I've retained the entire V5C and transferred it over online. They've pretty much insisted on it.

[Pica-Pica]

RonnieHotdogs said:

There's no value in it. Whenever I've sold to a trader (including last month) I've retained the entire V5C and transferred it over online. They've pretty much insisted on it.

I would do that. Get a dated (even timed) receipt for the sale, so you have a record of when ownership was transferred, and then do the registered keeper bit on line.

[Granadier]

I've come across 'driveway traders' who take the whole V5 from the seller and keep the car in the original seller's name until they find a buyer, sometimes a few months later, instead of going through the proper procedure

[Bubbles96]

Leins said:

I seem to recall any car I bought in England and brought back to Ireland needed most of the V5 over here for assessment of import taxes and registration

That's strange, as the document reference number us void you would imagine, so are these sections.

stevemcs said:

you complete the sold to a trader section, either by post or preferably online they have the rest. They should not get upset about it unless they want to leave it in your name for some reason, as soon as the DVLA are notified it goes into the trade and they are liable for it. Anyone who doesn't like it i'd be very warey of.

What do you mean by they have the rest? They have my name and address?

He wanted the whole v5 except the yellow slip (even though I did it online)

[Bubbles96]

RonnieHotdogs said:

There's no value in it. Whenever I've sold to a trader (including last month) I've retained the entire V5C and transferred it over online. They've pretty much insisted on it.

Exactly mate, I wonder what they do with it!?

[123DWA]

Bubbles96 said:

Just sold my vehicle to a dealer (that has a reputation for being a cowboy) and he was insisting on competing the yellow section only and giving him the whole v5

I completed it online by selecting motor trader etc. And gave him the green slip

Now he's fuming

Transferring ownership to a motor trader doesn't issue another V5 like transferring ownership to another person does. The old reference numbers stay live and the dealer uses it to tax for the new buyer. He's probably fuming as he now doesn't have a V5 to show his buyer only the green slip which doesn't look great.

[robsco]

You should have just completed the yellow slip and then given him the rest of the V5C. Any dealer would expect to be given the full V5C in this event, not just the green slip.

The document reference number for that V5C is still very much valid. How else would he change the ownership otherwise? All you have done is remove yourself from the ownership, you haven’t voided the V5C. If you had an issue with giving your personal details, you could always have redacted the info.

I fail to see what the dealer has done wrong here.

[JackJarvis]

if they keep the full V5 you can't update the keeper online, only they can. They avoid adding another keeper to the cars history and the time/hassle waiting for a new document. They can sell the car straight away.

[wyson]

I sold my car to an Aston Barclay subsidiary, they wanted my whole V5. I thought it was odd too. The dealer representative at the other end said it was so there weren’t any delays, and they would process it right away. I guess they got stung with sellers dragging their feet in the past? I did register that my car had been sold on the relevant gov website, and told them. They said that was totally fine, but they would be processing the V5 the same day or next day anyway.

There wasn’t any comeback to me from this. I tracked my old car through their auction website and saw it listed and sold on at a small car dealers.

Edited by wyson on Wednesday 13th December 17:14

[sixor8]

It's if they want the whole V5c that it would be dodgy IMHO, usually. As mentioned, driveway traders who are really private buyers who want to sell it on without any trace, and so have no comeback or trader obligations.

Filling in the yellow slip and letting them have the rest is normal practice. You get your unused VED back and are no longer responsible for its VED or insurance either.

[GeniusOfLove]

God a lot of know nothing tin foil hat paranoia crap here.

WBAC insist on the full V5, every dealer will insist on the full V5, it's not a "driveway trader" thing.

The new keeper slip is for if you sell to a private individual, historically the buyer kept that and you posted off the rest of the V5 but these days you'd do it online and bin the rest, but if you're selling to the trade as others have said you fill in the "I've sold it to the trade" bit and post it off, or better still do it online and the rest of V5 goes with the car.

The trader then uses the reference number on that V5 to transfer the car back out of the trade when it's sold, in the meantime the V5 will stay with the car if it's moved around/sold within the trade.

sixor8 said:

It's if they want the whole V5c that it would be dodgy IMHO, usually. As mentioned, driveway traders who are really private buyers who want to sell it on without any trace, and so have no comeback or trader obligations.

Filling in the yellow slip and letting them have the rest is normal practice. You get your unused VED back and are no longer responsible for its VED or insurance either.

No dodgy trader wants the whole thing without you sending off the "sold to the trade" bit. There are no downsides to having it transferred "to the trade" at all, it doesn't show up as an additional keeper, it gets the former owner off the hook for fines etc, and as a pleasant side effect you never recieve the parking tickets or bus lane tickets you pick up driving a car that's transferred to the trade

Edited by GeniusOfLove on Wednesday 13th December 17:48

[Bubbles96]

Quite a few responses and to avoid replying to everyone individually.

I spoke to Dvla and they confirmed the document reference number is indeed VOID on the v5 after submitting the 'yellow' slip online

So he doesn't need that

I don't know if the other sections are void though

So what does he actually use this v5 for?

I think he either uses the red part 5 or 6 to export, which the question is, isn't there a process for that for dealers after he receives he's v5 equivalent?

Or the 2nd option is, he just keeps the v5 to show to sellers or give to sellers.

Now I don't want my name and details going out there for no reason, he can simply submit it online for the new keeper and be done with it.

In the past they kept the v5 cause they sent the whole darn thing when they sold the vehicle, well today we use online so it's not needed from my current (limited) understanding.

This guy is a cowboy, doesn't own up to warranties and I can find groups of people that complain. He exports loads too.

Dvla said, its not needed to give him full v5.

Now if their process socks, they should change it. Handing over Personal Information should not be encouraged by companies or governing bodies.

[stevemcs]

Never trust the dvla, he does need the complete v5 less the “sold to a trader section” you fill this out, if it went to auction then they have the full v5 and fill out the sold to trade section on your behalf.

The document reference number is still valid, the trader uses this to register the new keeper, the green section then goes to the new keeper. The trader should then shred the remains of the v5.

[robsco]

Bubbles, the DVLA lied to you. The document reference number is valid after the yellow slip is completed. It MUST be valid, otherwise he wouldn’t be able to transfer the car into the new keeper’s name, or re-tax it. The dealer will never receive a new V5 superseding the one you had, it is the new owner who receives this. He is within his rights to sell the car to export or anything else, after all it is his car to sell. It is normal practice for the dealer to take the full V5 after the yellow slip is completed. You are no longer liable for the car once the yellow slip is completed online.

If you had an issue with your personal data being used, you could have just redacted it from the V5 as stated earlier. If you had issues with his morals, then why deal with him in the first place? I assume because he offered you the highest price, in which case you cast your morals aside but came to complain on a forum later that day.

He asked for the V5 and was entitled to it, after you had completed the yellow slip. You were in the wrong, not him.

[anonymous-user]

JackJarvis said:

if they keep the full V5 you can't update the keeper online, only they can. They avoid adding another keeper to the cars history and the time/hassle waiting for a new document. They can sell the car straight away.

Sorry but all that is just bks

[JackJarvis]

lord trumpton said:

JackJarvis said:

if they keep the full V5 you can't update the keeper online, only they can. They avoid adding another keeper to the cars history and the time/hassle waiting for a new document. They can sell the car straight away.

Sorry but all that is just bks

Apology not accepted.

[sixor8]

GeniusOfLove said:

No dodgy trader wants the whole thing without you sending off the "sold to the trade" bit. There are no downsides to having it transferred "to the trade" at all, it doesn't show up as an additional keeper, it gets the former owner off the hook for fines etc, and as a pleasant side effect you never recieve the parking tickets or bus lane tickets you pick up driving a car that's transferred to the trade

Edited by GeniusOfLove on Wednesday 13th December 17:48

Yes, I'd already said sending the yellow bit is correct, but why do some 'people/traders/wannabees' (delete as appropriate ) try to get you to provide the whole V5c without informing DVLA then? It's precisely so that you remain liable for the VED and any impending speeding fines etc as you mention. They can sell it without any trail to them and provide no warranty as a 'private' seller.