CarSalvage

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About CarSalvage

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    Newbie

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  • Your industry Independent dealer
  • Dealership/company name Self employed
  1. New to car trading - motor trade insurance/ V5C

    You test drive with the trade plates on, that covers you to drive un-taxed as youre paying annually or every six months to cover this, if you tax it on the day as soon as you register it in trade or another name it automatically cancels this, I had this discussion recently with DVLA they have said there is no way to avoid adding an owner, you either dont and put it in trade and do as before mentioned, or you put it in your name and tax it, I buy salvage cars (clearly) they either come with no log book and are sorn or sometimes you get them and you can cheekily tax them with these if the insurance hasn't destroyed them but usually when a car is sold to auction/trade/scrapped its SORN and you go to the post office and apply for a new one and can tax it when filing the V62 form. Personally if I was only doing one car I would see about adding it to my own insurance on a very low cost policy with no extras.
  2. New to car trading - motor trade insurance/ V5C

    You cannot avoid adding an owner unless you register the vehicle in trade, this then means you cannot tax it especially if you don't have the V5 as you won't have the code to do this, therefore you if you put this in trade you cannot take it on the road unless you have trade plates, you then would need trade insurance to be able to drive using these and check that they cover this (most do but always check) You used to be able to pay for tax even when the vehicle was registered in trade but they have since stopped this, I spoke to DVLA about this recently and they have said it cannot be done unless you provide the V5 number on either slip or tax reminder to tax the vehicle, once the owner is updated to trade the log book becomes void until the new one is sent out, this is what DVLA told me, unless someone on here knows a cheeky way around this, there is no way to avoid adding owners unfortunately unless you have space and trade plates.