so if my V5C is "not proof of ownership" then what is..?
Discussion
just got the reg doc through for a car and it seems to be of a new style: red, and in a large strapline across the top it says "this document is not proof of ownership"
..so what would be proof then? if "it shows who is responsible for registering and taxing the vehicle" then couldthe former owner prove ownership somehow? this all seems very odd to me.
could the massif shed some light please?
p.s search function is down for maintenance atm so apologies if necessary etc
..so what would be proof then? if "it shows who is responsible for registering and taxing the vehicle" then couldthe former owner prove ownership somehow? this all seems very odd to me.
could the massif shed some light please?
p.s search function is down for maintenance atm so apologies if necessary etc
V5 is details of the registered keeper, not necessarily the owner. It refers to 'Keeper' all over it. Proof of ownership would be an invoice or a receipt maybe? For most new private cars, and nearly all company cars, the V5 would go to the finance company otherwise. Hardly any bugger with a new car would be holding a V5 if it went to the legal owner
With old snotters like yours though, I take your point
With old snotters like yours though, I take your point
Its the Vehicle Registration Document, which is proof the vehicle is registered in the UK as specified, and is kept by the registered keeper.
Nothing to do with ownership at all, hence the big "THIS IS NOT PROOF OF OWNERSHIP" along the top!
I would guess around 40% of cars are OWNED by someone else, company cars, finance, Hire Purchase, Rentals, Lease Cars etc etc.
Nothing to do with ownership at all, hence the big "THIS IS NOT PROOF OF OWNERSHIP" along the top!
I would guess around 40% of cars are OWNED by someone else, company cars, finance, Hire Purchase, Rentals, Lease Cars etc etc.
Had this a lot when I was a part of an insurance fronting detection team. V5c shows that you are the registered keeper. The person with the 'financial interest' is the owner. So a 17 year old could be the registered keeper but if mummy or daddy is paying the finance then he or she is the owner.
minimax said:
well now! all is clear...I can't say i've ever had a receipt from a previous owner for any car i've bought, and i've never had a car on finance so can't say..
so theoretically if cops want me to prove ownership...I can't. beautiful!
It's worth doing. Just a piece of A4 with the date, sellers name, buyers name and value on it is what I've seen done before. But at least you have something to show a transaction took place.so theoretically if cops want me to prove ownership...I can't. beautiful!
Munter said:
minimax said:
well now! all is clear...I can't say i've ever had a receipt from a previous owner for any car i've bought, and i've never had a car on finance so can't say..
so theoretically if cops want me to prove ownership...I can't. beautiful!
It's worth doing. Just a piece of A4 with the date, sellers name, buyers name and value on it is what I've seen done before. But at least you have something to show a transaction took place.so theoretically if cops want me to prove ownership...I can't. beautiful!
Always ask for a receipt. Hand written is fine and better than nowt.
When I bought my 911 the previous owner had sent the V5 to DVLA to be amended (a par for the course screw up when private plates are involved).
The end result was that when my insurance company asked if I was the owner and registered keeper, I had to explain that yes, I was the owner, but I wouldn't be the registered keeper until the V5 issue could be sorted out.
They struggled with the concept initially but eventually decided that as long as I could prove a financial interest in the car (e.g. a receipt or transaction record, etc), they'd accept that I was the owner.
The end result was that when my insurance company asked if I was the owner and registered keeper, I had to explain that yes, I was the owner, but I wouldn't be the registered keeper until the V5 issue could be sorted out.
They struggled with the concept initially but eventually decided that as long as I could prove a financial interest in the car (e.g. a receipt or transaction record, etc), they'd accept that I was the owner.
Edited by Risotto on Wednesday 25th August 16:02
I got pulled over by the cops just after buying my Jaguar, it had been issued a new number plate which apparently had some history. The police still had it recorded stolen 6 years ago (but that didn't show up on the reg. check I did..be warned!) fortunately I was driving back from a wedding (with the new bride and groom in the car...bit embarrassing!) and had my passport, insurance certificate and V5C in the car with me, as well as the keys obviously (just in case something like this happened) and it was enough for them to be convinced that I was the owner of the car, and hence hadn't be stolen.
I don't know what absolutely proves you own a car, as that's impossible to do(?) but if you have the V5C in your name, it was registered to you and you had the keys I would think that's enough? Seemed to be for me anyway.
I don't know what absolutely proves you own a car, as that's impossible to do(?) but if you have the V5C in your name, it was registered to you and you had the keys I would think that's enough? Seemed to be for me anyway.
300bhp/ton said:
Munter said:
minimax said:
well now! all is clear...I can't say i've ever had a receipt from a previous owner for any car i've bought, and i've never had a car on finance so can't say..
so theoretically if cops want me to prove ownership...I can't. beautiful!
It's worth doing. Just a piece of A4 with the date, sellers name, buyers name and value on it is what I've seen done before. But at least you have something to show a transaction took place.so theoretically if cops want me to prove ownership...I can't. beautiful!
Always ask for a receipt. Hand written is fine and better than nowt.
Is there any way of actually proving you own a car?
Balmoral Green said:
For ... nearly all company cars, the V5 would go to the finance company otherwise.
For leased/contract hire (personal or business) vehicles, the V5C (registered to the lessor, not the lessee) does go to the leasing company who retain it, which is why VED is factored into contract hire/leased vehicles even if maintenance isn't. Tax discs get posted to the end user. The vast majority are sourced through leasing companies, otherwise you're exactly right. If a company chooses to hire purchase or PCP a vehicle instead; which a few do, usually small businesses funding the business owner's vehicle where there is no other fleet use - 5 company-operated vehicles (excl. commercials) are a typical requirement for a manufacturer to consider a small business a "fleet operator" (and so opening up the possibility of fleet discounts/incentives, even where only one vehicle is being supplied), then it's as per normal consumer finance, V5C shows either the end user company on the V5C or the business owner C/O his company address. The "Invoice To:" is made out to the finance company with the customer in the "Deliver to:" box. That invoice ties the registered keeper and the vehicle owner together on paper.
The OP has been answered so nothing more to add, apart from re-iterating how vital obtaining proof of ownership via a receipt or invoice is for a vehicle, irrespective of whether you buy your vehicle from a dealer or privately.
Paperwork still counts for a lot in case of disputes, such as the one I read of on here recently about a young lady who had unwittingly bought a vehicle with outstanding finance, from someone who was not the registered keeper nor the owner of the outstanding debt and failed to obtain anything in writing from the vendor - causing her problems with bailiffs and all that horrid stuff we don't like to think about when buying cars.
If someone is unhappy to put their name and signature in writing to a deal with you, then I'd always advise steering well clear of said deal. At least ask yourselves the question of why that might be the case. A genuine seller has nothing to lose by it. Likewise when you sell your car privately - should somebody go and commit a crime in yoru old car before you've sent off the V5C to record their details. Proof of ownership can aid both ways.
If you have finance on the car then a finance agreement in your name supports this, ultimately it all comes down to 'title' and that can become very complex, for e.g if a relative or friend lent you the funds ( some sort of informal loan as an example) to buy your car and then sometime later on you fell out and they got nasty and wanted their money back they could claim title to your ( i.e they were the owner) car even though you had the V5 in your name as it says the V5 just names the keeper. They of course would need to prove ownership and hence 'title' to the car.
BCP007 said:
If you have finance on the car then a finance agreement in your name supports this, ultimately it all comes down to 'title' and that can become very complex, for e.g if a relative or friend lent you the funds ( some sort of informal loan as an example) to buy your car and then sometime later on you fell out and they got nasty and wanted their money back they could claim title to your ( i.e they were the owner) car even though you had the V5 in your name as it says the V5 just names the keeper. They of course would need to prove ownership and hence 'title' to the car.
Correct I think it says registered keeper rather than owner somewhere on the V5Gassing Station | General Gassing | Top of Page | What's New | My Stuff