Hi all, I have a question about selling, my vehicle, it is sorned and as no insurance. there is a buyer interested and he wants to ride it home.
If he is stopped for any reason will I get any comeback?
Query selling a vehicle
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catcitrus
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Re: Query selling a vehicle
good point--although he is responsible for taxing and insuring it before he rides it what happens if he doesn't bother?--where is the proof that he is actually the new owner and is therefore legally responsible--perhaps a bill of sale /receipt signed by both with a time and date on it--and both parties have a copy?--experts please?
Re: Query selling a vehicle
You can also do the v5 change of owner online now so it's recorded there and then.
You're in a better position than if it was insured to be honest, these days if they ride home without insurance and you've not cancelled yours it's your insurance that'll payout in the event of a claim, then your insurance company will sue you for the amount.
How you're meant to cancel your insurance if it's after business hours I've no idea.
Steve
You're in a better position than if it was insured to be honest, these days if they ride home without insurance and you've not cancelled yours it's your insurance that'll payout in the event of a claim, then your insurance company will sue you for the amount.
How you're meant to cancel your insurance if it's after business hours I've no idea.
Steve
Re: Query selling a vehicle
I always print a BOS stating the time ownership was transfered, but even if you have the BOS and the V5c, if it still insured by you after the sale, and the buyer has no insurance and is involved in a RTA, your insurance will pay and then claim against you for any loss they have incurred, so up shot is as soon as its sold cancel your insurance and put the time on the BOS.
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OnHellas
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Re: Query selling a vehicle
All ways make sure that you have the relevant part of the V5 to send off to DVLA, new keeper, sold to a trader, etc.
Under no circumstances let the buyer take the whole thing, ever.
The bill of sale idea signed by you both is a good one too.
Good luck with the sale.
Under no circumstances let the buyer take the whole thing, ever.
The bill of sale idea signed by you both is a good one too.
Good luck with the sale.
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frenchy3
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Re: Query selling a vehicle
I recently purchased a bike and the seller did the transfer electronically on the DVLA website. He then gave me the green slip and destroyed the rest of the V5. I received the new document less than a week later.
Re: Query selling a vehicle
What Frenchy said.
Do the ownership transfer electronically, putting in your email address to get the time and date stamp confirmation. That way its his issue if he choose to drive away. If he drives past an ANPR on the way home though and hasnt chosen to insure or tax, it's unlikely to trigger anything, as neither the tax nor the insurance will have dropped off the databases so quickly.
Paul - how long is it since you sold anything where you sent off the V5 you dinosaur?!
Do the ownership transfer electronically, putting in your email address to get the time and date stamp confirmation. That way its his issue if he choose to drive away. If he drives past an ANPR on the way home though and hasnt chosen to insure or tax, it's unlikely to trigger anything, as neither the tax nor the insurance will have dropped off the databases so quickly.
Paul - how long is it since you sold anything where you sent off the V5 you dinosaur?!
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OnHellas
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Re: Query selling a vehicle
Cheers for that Mike.Mike54 wrote: ↑Sat Jan 26, 2019 9:34 pm What Frenchy said.
Do the ownership transfer electronically, putting in your email address to get the time and date stamp confirmation. That way its his issue if he choose to drive away. If he drives past an ANPR on the way home though and hasnt chosen to insure or tax, it's unlikely to trigger anything, as neither the tax nor the insurance will have dropped off the databases so quickly.
Paul - how long is it since you sold anything where you sent off the V5 you dinosaur?!
The last sale was back in 2013 I think. A Yamaha YBR125. The bloke that annoyed the shit out of me for hours and finally bought it was my fairwell to the bike trade and dealing with the general public.
Although I seem to remember you being a customer of sorts in Morocco in 2015...
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sledgegreen
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Re: Query selling a vehicle
"Do the ownership transfer electronically, putting in your email address to get the time and date stamp confirmation. That way its his issue if he choose to drive away. If he drives past an ANPR on the way home though and hasnt chosen to insure or tax, it's unlikely to trigger anything, as neither the tax nor the insurance will have dropped off the databases so quickly".
I think this is a good idea, but would be reluctant to rely entirely on the DVLA system. I sold a car around 10 years ago, filled in and sent of the green slip and gave the new owner the main part of the V5. A couple of weeks later, I received an acknowledgement of SORN. The new owner must have SORNed it, but DVLA sent me the acknowledgement.
If you are in any way unsure about whether you have insurance or not, check carefully. Do not simply assume that last year's policy has expired and has not been renewed. As others have said, the way the law works if the new owner has an accident, then his insurance policy is the first target for a claim. If he doesn't have insurance, then a claim can be made against any current insurance policy relating to the vehicle. If a previous owner has failed to notify their insurance company that they have sold the vehicle, then the insurance company is likely to try to reclaim their costs from the previous owner on the grounds that that failure to notify constitutes negligence.
I think this is a good idea, but would be reluctant to rely entirely on the DVLA system. I sold a car around 10 years ago, filled in and sent of the green slip and gave the new owner the main part of the V5. A couple of weeks later, I received an acknowledgement of SORN. The new owner must have SORNed it, but DVLA sent me the acknowledgement.
If you are in any way unsure about whether you have insurance or not, check carefully. Do not simply assume that last year's policy has expired and has not been renewed. As others have said, the way the law works if the new owner has an accident, then his insurance policy is the first target for a claim. If he doesn't have insurance, then a claim can be made against any current insurance policy relating to the vehicle. If a previous owner has failed to notify their insurance company that they have sold the vehicle, then the insurance company is likely to try to reclaim their costs from the previous owner on the grounds that that failure to notify constitutes negligence.
