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Selling a car back to who sold it to me

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Gewakefie
Gewakefie Posts: 42 Forumite
Sixth Anniversary 10 Posts Combo Breaker
Hey guys

long story short I brought a car privately which was the biggest mistake I ever make, was my first car and turned out it wasn’t road worthy. To my surprise seller is offering some not all but some of my money back. I got the new v5 thingy in my name when he sold me the car 

I won’t be there my partner will when he comes to pick up the car he said he will pay me cash but I asked for bank transfer am I right to do this as I thought cash could be fake?

also there are so many dodgy parts of this whole nightmare that I had but will I need his full name and address and what do I need to do to make sure the car is transferred to him? Like can I do it online? What if he gives me fake name and address? 

Anxiety through the roof 

Comments

  • paul_c123
    paul_c123 Posts: 455 Forumite
    Third Anniversary 100 Posts Name Dropper
    You know the address because you went there to buy the car. And you'd have it on the V5 as the previous keeper too.

    You'll have to be more specific with "V5 thingy" - do you mean the new keeper slip? If so, then you can't transfer the car (registered keeper) back to him until you receive the full V5. It will have instructions on it how to do it either by post or online.

    Cash or bank transfer are pretty similar risk/inconvenience - ie hardly any. I'd prefer bank transfer, only to save the trip to pay in the cash.
  • Mildly_Miffed
    Mildly_Miffed Posts: 1,547 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    edited 30 March at 8:07AM
    paul_c123 said:

    And you'd have it on the V5 as the previous keeper too.
    V5Cs haven't had the previous keeper's name and address for nearly a decade.

    As far as bank transfer vs cash - are we talking about £500 or £20k?
  • born_again
    born_again Posts: 20,377 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Make sure V5 is transferred over to them. Can be done online when they pick car up.
    Get partner to do it.
    Don't let them fob you off saying they will do it, as odds on they will not & just sell car again without changing ownership.


    https://www.gov.uk/sold-bought-vehicle
    Life in the slow lane
  • Car_54
    Car_54 Posts: 8,837 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper

    Don't let them fob you off saying they will do it, as odds on they will not & just sell car again without changing ownership.

    V5C has NOTHING to do with ownership. It even says so on the front, in big block letters highlighted in red.
  • born_again
    born_again Posts: 20,377 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Car_54 said:

    Don't let them fob you off saying they will do it, as odds on they will not & just sell car again without changing ownership.

    V5C has NOTHING to do with ownership. It even says so on the front, in big block letters highlighted in red.
    True, bad wording on my part..
     But if he does not update it. OP is going to be the one getting all the stuff this person could do while it is still listed in OP name.
    Life in the slow lane
  • paul_c123
    paul_c123 Posts: 455 Forumite
    Third Anniversary 100 Posts Name Dropper
    paul_c123 said:

    And you'd have it on the V5 as the previous keeper too.
    V5Cs haven't had the previous keeper's name and address for nearly a decade.

    As far as bank transfer vs cash - are we talking about £500 or £20k?
    Apologies, you're right. I'm used to seeing a V5 from a previous keeper, where their details would be on it but the car is in trade and it was done electronically (so you get to keep the entire V5 intact). The next keeper would be able to see the V5 including the previous keeper's name and address, if it wasn't blanked out eg for GDPR.
  • Mildly_Miffed
    Mildly_Miffed Posts: 1,547 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Car_54 said:

    Don't let them fob you off saying they will do it, as odds on they will not & just sell car again without changing ownership.

    V5C has NOTHING to do with ownership. It even says so on the front, in big block letters highlighted in red.
    True, bad wording on my part..
     But if he does not update it. OP is going to be the one getting all the stuff this person could do while it is still listed in OP name.
    The OP simply puts the car "into trade". That removes them as keeper, but doesn't add a new keeper.
  • born_again
    born_again Posts: 20,377 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Car_54 said:

    Don't let them fob you off saying they will do it, as odds on they will not & just sell car again without changing ownership.

    V5C has NOTHING to do with ownership. It even says so on the front, in big block letters highlighted in red.
    True, bad wording on my part..
     But if he does not update it. OP is going to be the one getting all the stuff this person could do while it is still listed in OP name.
    The OP simply puts the car "into trade". That removes them as keeper, but doesn't add a new keeper.
    From Op

    long story short I brought a car privately

    So can not go back into trade. It will need a change of owner on V5. Which is why OP needs to do it themselves online. To stop the person they are giving car back to not doing it & selling it to someone else... With all the protentional risks.
    Life in the slow lane
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