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Cooperman
United Kingdom
779 Posts |
 Posted - 21/09/2024 : 09:29:42
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I once had a vehicle on lease, I assumed that I didn't own the vehicle, but the V5 had my name and address on it, part of the contract was that if I wanted to keep the vehicle I could pay, I think, £50 per month. A couple of months before the lease ran out the leasing company went bust. My standing order dutifully stopped at the end of the lease and I never heard another word from anyone. leasing company, administrators etc. no one, Several years later I sold it and nobody queried anything. Did I own the vehicle?
John Cooper M 628 |
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Malcolm Eades
United Kingdom
383 Posts |
Posted - 21/09/2024 : 09:49:24
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John,
I think you were very lucky and the Administrator/Liquidator was negligent. Maybe the company records were incomplete but they could still have traced you via the bank records of your leasing payments. Or perhaps they wrote off your debt because it was not worth the administrative cost of collecting it. John 1 - Big Business Nil!
Malcolm
M Type
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LewPalmer
USA
3283 Posts |
Posted - 21/09/2024 : 15:36:27
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Did it ever?
Well in 1985, I certainly traded in a paper which I thought was a title. At least the Minnesota Vehicle License Bureau accepted it as such after consulting their bible on valid paperwork. Of course, I no longer have the papers.
Hugh Barnes (Orstin) bought that J2 and reimported it into the UK. Perhaps he could comment.
Lew Palmer
PA1169, NA0651 |
Edited by - LewPalmer on 21/09/2024 15:38:54 |
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DK6780
United Kingdom
345 Posts |
Posted - 21/09/2024 : 18:20:39
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Lew
The current iteration of the licence document the V5C states very clearly on the front page that it's not proof of ownership, which is very important as it's worryingly easy to obtain a copy. Below is one printed two days ago.
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LewPalmer
USA
3283 Posts |
Posted - 22/09/2024 : 02:21:42
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Sounds like a query to John James and the DVLA is warranted.
Lew Palmer
PA1169, NA0651 |
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John James
United Kingdom
972 Posts |
Posted - 22/09/2024 : 11:18:38
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This isn't a matter for DVLA.
The old log book (RF60) carried the same warning regarding proof of ownership.
This predates the DVLA as the licensing system was administered by Local Authorities prior to the establishment of the DVLA in the early 1970s.
One would need to go back to the beginning of the 20th Century when motor vehicles were replacing the horse and cart.
I'm afraid that I can't get excited about this!
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coracle
United Kingdom
2074 Posts |
Posted - 22/09/2024 : 11:48:02
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Just the same as how do you prove ownership of any goods or chattels you may have had for many years without corroborating paperwork?
Perhaps have a look at an example PCP or a leasing agreement to see how the banks do it? |
Edited by - coracle on 22/09/2024 11:50:41 |
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Russ Jackson
United Kingdom
106 Posts |
Posted - 25/09/2024 : 17:07:37
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possession is 9/10ths of the law
(I may not be a clever man but I know someone who is) |
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Simon Johnston
United Kingdom
6304 Posts |
Posted - 25/09/2024 : 18:22:47
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quote:
Originally posted by Russ Jackson
possession is 9/10ths of the law
That’s not much help if you’re trying to transfer ownership but retain possession for your continued use.
Simon J
J3437 |
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DK6780
United Kingdom
345 Posts |
Posted - 25/09/2024 : 20:45:28
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quote:
Originally posted by coracle
Perhaps have a look at an example PCP or a leasing agreement to see how the banks do it?
Interestingly they register a charge over the vehicle with the DVLA ..... |
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Simon Johnston
United Kingdom
6304 Posts |
Posted - 25/09/2024 : 22:08:48
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Transferring ownership via a deed has no connection with a lease company registering a charge with DVLA since there is no consideration involved, i.e. no money changes hands.
Simon J
J3437 |
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coracle
United Kingdom
2074 Posts |
Posted - 25/09/2024 : 22:59:14
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| Try committing a peppercorn. |
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PeterL
United Kingdom
1748 Posts |
Posted - 26/09/2024 : 08:42:45
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Orstin
United Kingdom
653 Posts |
Posted - 26/09/2024 : 15:07:36
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quote:
Originally posted by LewPalmer
Hugh Barnes (Orstin) bought that J2 and reimported it into the UK. Perhaps he could comment.
Lew Palmer
PA1169, NA0651
Well, this was an unusual and, fortunate for me, situation. Lew took the car to Denmark (driving it) and actually never informed the UK authorities it had been exported. When I re-imported the car to the UK from the US (where Lew took it on from Denmark) I checked the DVLA records, found the identity still existed and simply applied for a replacement V5 which duly turned up some little while later. As I say, this was an unusual set of circumstances and I considered myself to have been extremely lucky...
So many dynamos |
Edited by - Orstin on 26/09/2024 15:08:48 |
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Vehicle ownership
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