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owner vs registered keeper?
is it possible for person a to own a vehicle but let person b use it (including doing the insuring tax and mot)?
if person b is the registered keeper, whats to stop them selling it on as they have the log book?
in that scenario how does person a prove they own the vehicle?
if person b is the registered keeper, whats to stop them selling it on as they have the log book?
in that scenario how does person a prove they own the vehicle?
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Comments
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All of these things are possible.
Person A could produce a bill of sale or invoice.1 -
tiger135 said:is it possible for person a to own a vehicle but let person b use it (including doing the insuring tax and mot)?
if person b is the registered keeper, whats to stop them selling it on as they have the log book?
in that scenario how does person a prove they own the vehicle?
Well, at the top of the V5C ('log book') it states in large block capitals, highlighted in red, "THIS DOCUMENT IS NOT PROOF OF OWNERSHIP".
As already said, proof of ownership is an invoice or other proof of sale.
Is this a hypothetical question, or are you dealing with such a scenario?1 -
tiger135 said:is it possible for person a to own a vehicle but let person b use it (including doing the insuring tax and mot)?
if person b is the registered keeper, whats to stop them selling it on as they have the log book?
in that scenario how does person a prove they own the vehicle?
Cars aren't really any different to every other sort of property that you can think of. Other than for land, there is no central registry of who owns what.
If you are going to lend someone something as valuable as a car then presumably you trust them, so them selling it should not really be an issue...? But if you really need to be able to prove ownership you could ask them for a written agreement setting out the terms under which they are borrowing the car and making clear that it remains your property. Even that wouldn't physically stop them selling it though - if they did sell it then getting it back or claiming the money from them would be a complicated and potentially expensive process so it would be better not to do it if you don't trust them.1 -
tiger135 said:is it possible for person a to own a vehicle but let person b use it (including doing the insuring tax and mot)?
if person b is the registered keeper, whats to stop them selling it on as they have the log book?
in that scenario how does person a prove they own the vehicle?
The following recent thread might be interesting reading:
https://forums.moneysavingexpert.com/discussion/6445807/car-finance-for-3rd-party/p1
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