Advice: OK to buy a car with a section of the V5C missing?

[SteveR]

I went to look at an 18 month old car yesterday (I have to have so enew wheels to go with the new job, and I don't fancy the company car route so am taking an allowance instead).

 

I'm going to get a HPI check done, but a coule of things were a bit different to what I'm used to and I'm wondering if anyone can shed some light.

 

1) The yellow bit of the V5C wasn't there. Isn't that the bit you give to a trader when you sell them a car (just before you then dispose of the other coloured slips and post the main section of the V5C to the DVLA)??

 

2) The car was bought by its current owner with a loan. There is money left to pay on that loan, but the seller assures me that the loan isn't secured against the car and given me a phone number of the loan company so I can call and confirm it for myself - after I check it's a genuine number of course). Yet when I looked at the V5C, it said the current keeper is Care Of a company.

 

How can I check who the legal owner of the car is, the V5C just says the keeper, and even that is confusing in this case.

[Ric]

a lot of questions there, i'd probably just walk away and find another for the hassle

[supracars]

1st step is to hpi check it ill use http://www.rac.co.uk

 

this will enable you to check if the v5 is the correct one for the car. (serial numbers)

 

also will tell you of there is finace against if there is it will give you the right number for the company to check if it has been cleared,

 

plus will do a mileage check

 

and mot check too but in your case its too new for that..

 

its ok to buy a car with the yellow (trader) section missing,

 

but in this case with it being (seller) care of a company i guess the company owned the car and the seller must of had some kind of financial deal with them.

 

or in some cases it can be a long term lease i would be very cautious or even better buy one with no stories

[sams]

Also no repo company can take the car off you if you brought it from someone and it still has a loan secured on it, make sure you get a recipt and it has date of purchase and is signed,

[evinX]

Sounds iffy, like the original trade onwers kept that slip, id walk away from it. you could end up loosing all that money + the car easily mate. Walk awayyyy

[Alex]

1) Is this the only example of this car in the country or are they 10 a penny?

IF 1) equals 10 a penny...End Interest...move on.

 

2) I'd say with that bit missing you could be in for a nasty surprise so I'd have to leave the car 2 weeks to give the DVLA plenty of time to make any updates if the yellow section arrives with the.

[SteveR]

It's not a common car.

 

I'm annoyed because I have to have a car that is less then 4 years old (no use buying a 3.5 year old car as I'd have to chance it no later than months later), but I just don't want to pay for one.

 

 

I've done a car check (http://www.mycarcheck.com) that hasn't shown any issues and everythign is does show ties in with what I would expect to see, but I will do a HPI as well even if it is the same details I get back I want to be sure what's what here.

[formatzero]

Dont know about England but i'm pretty sure if you buy a car up here with finance owing they will have it off you,i'd walk away Steve

[Matt H]

Isn't the yellow bit the section that gets taken off when a car gets disposed off? That's the bit that came off when my Escort went on her last ride 2 weeks ago.

[SteveR]

Isn't the yellow bit the section that gets taken off when a car gets disposed off? That's the bit that came off when my Escort went on her last ride 2 weeks ago.

It can be, but in this case it's not likely as the car is on the road!

The Yellow bit is the bit that goes to what is described as a "motor trader". I'm lost as to why this isn't there, will see what the seller says...

 

I'm not about to part with any of my hard earned any time soon, I need a LOT of convincing.