V5C Logbook.

Padstow

slyracoon wrote: »

Why are you wanting to do this? Are you trying to avoid the car being a target of bailiffs?

The v5c would merely make her the 'Registered Keeper' not the Owner. You would still be the owner unless you sell it to her.

You would need to inform your insurance company that you are no longer the Registered Keeper. You may have to pay an admin fee and/or increased premiums.

I've had no threat of baliffs as everything is under control at present. With the crisis deepening, who knows for the future.
I'm on pension credit. The nearest bus route is two miles away down unlit country lanes with no pavements. a scary thought with dark evenings coming.

I have been reading both police and baliff sites since my OP.
Baliffs say I can gift the car, leaving me as the registered keeper. The car cannot then be removed due to my debts as I am not the owner.

The police explain it, as in a company owing a car but the registered keeper is the employee.

I think I should ok it it first with my insurance company. If OK, sell or gift to my daughter, with an accompanying receipt. Then replace the lost C5V over the phone.

https://www.askthe.police.uk/content/Q743.htm

Padstow

slyracoon wrote: »

The OP's daughter does not need to be insured or for the policy to be in her name.

The OP simply needs to tell his insurer that his daughter is the registered keeper, the OP remains the policy holder and his daughter is not a named driver.

No, my daughter will be the owner. I will be the registered keeper.
As I understand it, the registered keeper is the insured that's me, it matters not who owns the car.

Think maybe of a person who cannot drive for whatever reason.
They purchase a car (owner) to be driven around in by a friend who is the registered keeper, ie, has the insurance in their name. As the friend is not the owner however, the car cannot be sold by them, only by the owner.

im-lost

Padstow wrote: »

No, my daughter will be the owner. I will be the registered keeper.
As I understand it, the registered keeper is the insured that's me, it matters not who owns the car.

Think maybe of a person who cannot drive for whatever reason.
They purchase a car (owner) to be driven around in by a friend who is the registered keeper, ie, has the insurance in their name. As the friend is not the owner however, the car cannot be sold by them, only by the owner.

The registered keeper is whoever is on the v5c, nothing to do
with who has insurance.

To remove any doubt with bailiffs etc, get the v5 signed
over to your daughter and also make a bill of sale to 'prove'
that the car has been sold to her, even if in reality no money
changes hands, and use a realistic amount, not a quid as
someone suggested.

If you stay the registered keeper, have it at your house, have
the insurance in your name etc etc saying you 'gifted' the car
to your daughter really won't wash with bailiffs or mr plod, who
will, no doubt be called.

fivetide

im-lost wrote: »

To remove any doubt with bailiffs etc, get the v5 signed
over to your daughter and also make a bill of sale to 'prove'
that the car has been sold to her....changes hands, and use a realistic amount, not a quid as someone suggested.

All of the above said by me but a quid is quite the legal thing. It simply makes the contract http://news.bbc.co.uk/1/hi/magazine/5262616.stm

5t.

parsley999

ok - you don't need to worry about the V5C at all. you are the keeper and you'll stay the keeper, just ownership changes.

you could sell it to your daughter for £1 but if it looks like you've tried to put an asset beyond your creditor's reach then you could get in trouble.

if you sell it to her for a reasonable amount your creditors will want to know what has happened to the money.

also bear in mind debt proceedings are partly down to good character - if you get caught out on a blatant fiddle then you'll be in double doo doo.

THE GOOD NEWS - depending on how big your debts are, i.e. over £15k, in both bankruptcy and IVA essential assets like cars, houses, fridges and washing machines are protected.

go for an IVA if you can mate. 5 years you've got a clean slate - and the bailiff/ creditor stress stops immediately. good luck.