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Selling a car for scrap.

Hey guys,

A bloke in my local paper pays for scrap and he's round this week to collect a motor from me and one from my neighbour. Where do I stand for V5's etc. I want to relinquish my ownership from the car as soon as it's out of my sight - in case he decides to rob a bank or have an accident in it or whatever? :D

He assures us he scraps all the vehicles...

Thanks.

Comments

  • victor2
    victor2 Posts: 8,170 Ambassador
    Part of the Furniture 1,000 Posts Name Dropper

    I’m a Forum Ambassador and I support the Forum Team on the In My Home MoneySaving, Energy and Techie Stuff boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. 

    All views are my own and not the official line of MoneySavingExpert.

  • worried_jim
    worried_jim Posts: 11,631 Forumite
    10,000 Posts Combo Breaker
    The V5C document has a section that needs to be completed and exchanged for a Certification of Destruction (CoD), which needs to be sent to the DVLA. As a bonus, the DVLA will automatically refund any unused road tax. Your insurers may also give you a financial return, so don’t forget to call them too.

    http://www.autoexpress.co.uk/car-news/consumer-news/91686/how-to-scrap-your-car-and-what-prices-to-expect
  • Paradigm
    Paradigm Posts: 3,660 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    You can do it online here http://www.gov.uk/sold-bought-vehicle
    Always try to be at least half the person your dog thinks you are!
  • Thanks guys! I forgot to mention, my car is SORN. So no tax/insurance.

    Will check out the links ;)
  • nokia1100
    nokia1100 Posts: 89 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    There's the certificate of destruction route from a licenced treatment facility aka scrapyard, but if they are collecting (which they will be as on SORN), hand the guy the V5C, get him to fill in the V5C/3 (yellow slip) and give that back to you. Then go to the online link given above by Paradigm and declare that you've sold it to a trader (which a scrap yard is) by using the reference number on the slip. You can also declare the mileage on therer. Very easy to do - I did two in two weeks last year. What they then do with the car is up to them.
    --Savings: 26/09/14 the day I reached 100k, 24/07/20 200k, 23/08/24 300k
    Completed on first house 18/07/25 £300k and mortgage-free
    Student Loan paid off 03/07/24
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