Hi, I am interested in buying and selling cars but haven't a clue where to get started??? I realise that if i was to buy one private and sell straight on I wouldn't have the V5 present, so I'm assuming this would be solved by me selling as a tradesman and using the pink section of the document but how do I go about doing this,any ideas???

 

Cheers, Steve 

If you are buying and selling cars, you need to get car insurance that will cover this. As long as you are not dealing in high performance vehicles, this should not cost too much if you shop around. With this insurance, you will be able, for example, to tax vehicles and drive them legally. You also need to notify the tax authorities and should submit an annual tax return but you should make contact with them and use their advice line. www.hmrc.gov.uk

Yes, as a trader, you should fill in the trader section of the V5 when you buy a vehicle and the appropriate parts when you sell a vehicle. Remember that the details you put on the V5 go to a government department so if you do not want to get into trouble, you should follow the advice in the first paragraph as well.

Thats great cheers...still unsure what would take place if I was to sell a vehicle quite soon after purchasing it with regards to documentation...what would I have to fill in for the new keeper if I'm still awaiting documents from the DVLA??? if that makes sense! :-S

 

Steve 

There's a yellow portion (section 9) of the V5 which says 'Notice of transfer to a Motor dealer'. This is sent to DVLA eliminating the need to add another owner on the history. The green 'New Keeper supplement' (section 10) is then given to the new keeper while the newly populated section 6 is sent to DVLA with the new keeper's details in order to generate a new V5 for them.

You can tax the car without the yellow bit and send the rest of it off at the same time should you wish.

Hope this helps

JJ

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You gotta tie yourself to the mast my friend, and the storm will end.

Yes. It's all on the V5. Just follow the instructions and you, the last owner and the new owner will each end up with a bit of it. The last owner gets just section 9 with your signature to send to DVLA. The new owner gets just section 10 to keep. You get the rest, with the signature and address of the new owner to send to DVLA.

hi any idea how to get the trade plates so i can drive without road tax and any cheapest ones please as i deal in car but not the high spec ones but normal small cars

"how to get the trade plates" - You need a trade licence. You'll ned to complete this form and take it to your local DVLA with the necessary documents. You will need trader motor insurance that covers you to drive any car (perhaps with an exclusion for high performance cars).

http://www.dvla.gov.uk/media/vtl301_170806%20application%20for%20trade%20licence.pdf

thanks alot