November 17, 2016 at 1:41 PM
There are certain procedures that you need to follow when you decide to sell or transfer ownership of your vehicle. Many individuals become confused as to what they need to do, so below we have a simple guide to talk through the process and who you need to contact.
Notify the DVLA
When ownership of a vehicle moves from one person to another, no matter if it is being privately sold or given to a member of the same family, you must notify the DVLA of this change. The easiest way to do so is by using their online form. If you have already sent off the vehicle's log book (V5C), then unfortunately you cannot use their online service.
Sorting out your tax
It is very important to understand that the tax on the car is not passed on to the new owner, no matter if it is gifted to a member of the same family. As well as notifying the DVLA, it is important that the car's logbook or V5C is sent to the new owner. Once this has been completed you will then receive a tax refund for any months that remain on the car. This will be paid via cheque.
What you need to do
Below is a simple guide on what you need to do in order to transfer ownership of your car to another person. As an individual who is transferring ownership you must do the following:
Download and complete the form V62 or alternatively obtain the form from your local Post Office.
The DVLA will need to know the details regarding your new owner, make and model of car plus details of any previous owners, all of which are documented in the vehicle's logbook.
When you complete a change of ownership, yourself and the new owner will need to sign and date the document. If for any reason you have lost your v5C document then you can get a replacement by phoning the DVLA at a cost of £25, or alternatively a replacement can be ordered by post. All shorts of information is also available here.
Transferring ownership to a dealer
If you are selling to a car dealership, then you will still need to complete a V5C form. For this you will need the yellow section known as the V5C/3. You simply fill in the details about the motor dealership and sign and date the form. The dealership will then complete the rest of the form. This form is them posted to the DVLA and the dealership will retain the logbook.
We hope that this short guide on transferring ownership of your car has been helpful.