When it comes to purchasing a second-hand car, it is a must to check the vehicle's complete history to ensure there are no such red signals. The risk doesn't have the car owned by the finance company or already reported as stolen. Still, the vehicle has a high number of previous car owners because the higher the number of car owners, the lesser its resale value. Hence, it is necessary to check the vehicle owner before getting your car from a dealer or private seller. The other things you have to know about the transfer of car ownership and its importance. Let discuss further.
The transfer of a car is must be done whether it is for buying or selling the used car. Transferring ownership of a car is easier as the DVLA website comes in handy. The dormer techniques also file the "new keeper" slip in the logbook, but the online option is most convenient for most buyers.
Suppose, if you fail to transfer the vehicle ownership online, you have to face the consequences imposed by the DVLA. The penalty is provided in the form of out of court settlement letter stating to pay £55 and possible to reduce it to £35 if you oblige to pay within 17 days. If you ignore this letter, then the penalty could increase up to £1000. Even though you sold it to the new owner, you have to responsible for it as you failed to notify the "transfer of car ownership" to the DVLA.
Ensure you are not getting into such risks and properly settling back the vehicle to the new owner. Even if you planned to transfer or sell the car to the trader, dismantler, or scrapyard, it follows the same procedure either online or post. Later, you have to provide the rest of the V5C to them respectively.
How Difficult To Change Car Ownership?
The transfer of a car is must be done whether it is for buying or selling the used car. Transferring ownership of a car is easier as the DVLA website comes in handy. The dormer techniques also file the "new keeper" slip in the logbook, but the online option is most convenient for most buyers.
Suppose, if you fail to transfer the vehicle ownership online, you have to face the consequences imposed by the DVLA. The penalty is provided in the form of out of court settlement letter stating to pay £55 and possible to reduce it to £35 if you oblige to pay within 17 days. If you ignore this letter, then the penalty could increase up to £1000. Even though you sold it to the new owner, you have to responsible for it as you failed to notify the "transfer of car ownership" to the DVLA.
Ensure you are not getting into such risks and properly settling back the vehicle to the new owner. Even if you planned to transfer or sell the car to the trader, dismantler, or scrapyard, it follows the same procedure either online or post. Later, you have to provide the rest of the V5C to them respectively.
Proof of ownership could get a receipt of purchase or document from a finance company if you bought it for the first time. It is not necessary for where the owner and registered keeper to be the same person. It is very common to have who someone owns the car but the V5C of the same car registered by someone who drives the vehicle. Thus, when you decide to buy a used car privately, you can find the proof of ownership on the V5C, showing the registered keeper.
For What Reasons You Can Find The Car Owner:
There are few reasons where the DVLA accepts your request of searching for who owns this vehicle. For that, you need to apply the V888 form through the gov. UK website and spend few pounds to disclose the information, but on specific reasonable cause, you can get the reply back from the DVLA. The reasons are:
ü To know who is responsible for the accident.
ü If the registered owner abandons the vehicle.
ü If the owner suspected of insurance fraud.
ü When the vehicle is parked on private property.
ü To provide the trespassing charges to the registered owner.
ü To find an owner who drives the car without paying for services or goods.
It is quite difficult to answer who is the legal owner of the car? But you can identify the registered keeper through the registration document and, with the help of DVLA, guess the car owner. But, it is hard to conclude in the case of a financed vehicle or let for lease. The importance of searching the car owner is to know from where the car is bought and what is the previous condition of the vehicle are must know for a buyer.
Does Online Help To Find The Car Owner Of The Registration Number?
Once you decide to pay for the next used car, it must determine how many owners has a car had. The easiest way to identify is through seller given documents like service records. It mentions the various owners it had and how often the vehicle is serviced. The other way is to find the previous car owner through the registration number online.
You can find the service from Car Analytics comprehensive reports where it mentions the total number of the keepers the vehicle has had. The importance of knowing the number of car owners tells how well the car is maintained. If the vehicle has too many owners, then the value of the vehicle can't be great.
For instance, if someone purchased a car and kept it for more than seven years and then comes to the showroom, then it would have got the maintenance and proper care for all those years. At the same time, if the vehicle was continuously swapping the owners, it would be worse in condition.
The conclusion is you can't find the car owner by registration number, but it is quite possible with the help of DVLA. So, you can trace the vehicle owner before buying your next used car, and the online free vehicle history check reports will help you choose the vehicle and decide which is better.