Sold Car on FB_Am I at risk or overthinking

K2S04

All,
I had my really old car that I put on FB for sale, and a party came, saw the car and I sold it to them. I have got their email address, phone number, and address. When i tried to complete the sale online (DVLA) it did not recognise my V5 number (because last week I sent them my updated address). Therefore, I am guessing that is why the system did not recognise it. I explained this to the buyer and they were happy with it.
On asking for their intent, they said they still plan to use it for driving.
So, as of now, I have
1. I have given away my car to the buyer in exchange of cash
2. I have emailed them the SALE agreement over email (Do not have signature but a response from them in email saying accepted)
3. They have my details and they mine.
4. I will get my V5 next week and I will give them updated slip and update DVLA.

So, have I 
1) Unnecessary exposed myself to something I should not have?
2) According to online search, i can sell without the latest V5.
3) Anything else, I should do immediately?

Please advise.
K

AdrianC

You changed the address on the V5C last week (online?) and haven't had a replacement V5C through yet.

No, there's nothing terrible going to happen - just, when you get the replacement V5C through, change the keeper online.
They run a small risk of you being dodgy and lying about the V5C. Worst case? You never change the keeper, they have to pay £25 and fill in a V62 to get a V5C in their name...

williamgriffin

Cancel your insurance.

K2S04

AdrianC said:

You changed the address on the V5C last week (online?) and haven't had a replacement V5C through yet.

No, there's nothing terrible going to happen - just, when you get the replacement V5C through, change the keeper online.
They run a small risk of you being dodgy and lying about the V5C. Worst case? You never change the keeper, they have to pay £25 and fill in a V62 to get a V5C in their name...

Yes! I changed it online (moved before end of year ; It says 5 working days before I get it). So, I am expecting it to come next week. I showed them the email about it.  I was just worried if they (not that I think from the meeting) do something dodgy etc. I told them I will leave the tax on until they get the new V5.

williamgriffin

K2S04 said:

AdrianC said:

You changed the address on the V5C last week (online?) and haven't had a replacement V5C through yet.

No, there's nothing terrible going to happen - just, when you get the replacement V5C through, change the keeper online.
They run a small risk of you being dodgy and lying about the V5C. Worst case? You never change the keeper, they have to pay £25 and fill in a V62 to get a V5C in their name...

Yes! I changed it online (moved before end of year ; It says 5 working days before I get it). So, I am expecting it to come next week. I showed them the email about it.  I was just worried if they (not that I think from the meeting) do something dodgy etc. I told them I will leave the tax on until they get the new V5.

If it's taxed it must be insured and you'd be responsible for that but your insurance shouldn't be on the car now.

K2S04

williamgriffin said:

K2S04 said:

AdrianC said:

You changed the address on the V5C last week (online?) and haven't had a replacement V5C through yet.

No, there's nothing terrible going to happen - just, when you get the replacement V5C through, change the keeper online.
They run a small risk of you being dodgy and lying about the V5C. Worst case? You never change the keeper, they have to pay £25 and fill in a V62 to get a V5C in their name...

Yes! I changed it online (moved before end of year ; It says 5 working days before I get it). So, I am expecting it to come next week. I showed them the email about it.  I was just worried if they (not that I think from the meeting) do something dodgy etc. I told them I will leave the tax on until they get the new V5.

If it's taxed it must be insured and you'd be responsible for that but your insurance shouldn't be on the car now.

I was thinking to cancel just the insurance and leave the tax on! May be i should cancel both.

williamgriffin

K2S04 said:

williamgriffin said:

K2S04 said:

AdrianC said:

You changed the address on the V5C last week (online?) and haven't had a replacement V5C through yet.

No, there's nothing terrible going to happen - just, when you get the replacement V5C through, change the keeper online.
They run a small risk of you being dodgy and lying about the V5C. Worst case? You never change the keeper, they have to pay £25 and fill in a V62 to get a V5C in their name...

Yes! I changed it online (moved before end of year ; It says 5 working days before I get it). So, I am expecting it to come next week. I showed them the email about it.  I was just worried if they (not that I think from the meeting) do something dodgy etc. I told them I will leave the tax on until they get the new V5.

If it's taxed it must be insured and you'd be responsible for that but your insurance shouldn't be on the car now.

I was thinking to cancel just the insurance and leave the tax on! May be i should cancel both.

I would cancel both, if the new owner hasn't insured it and crashes it tonight you'll be liable for the third party claim. 

sheslookinhot

You should cancel both, it’s the new rules. The new owner is responsible for taxing the car.

AdrianC

As soon as you do the keeper change, the tax will be cancelled immediately. Don't overcomplicate it further.

K2S04

I am trying but it looks like for Tesco insurance, the standard hours will be Monday next. 

K2S04

The offices are shut now as per telephone message, so it will be tomorrow ...