Why do I need a V5C?
A V5C logbook is a document you should keep safe, and you should not buy a car if it doesn’t come with one.
This could be a sign the owner has taken out a ‘logbook loan’ on the vehicle, meaning they have borrowed money against the value of the car.
This could result in an unfortunate visit from the bailiffs if the owner does not repay the loan.
It could also mean the car is stolen, and you should do thorough checks of any car you buy, especially second hand.
Most importantly, however, is not being able to tax the vehicle immediately as you’re no longer allowed to pass on unused months of road tax as part of the sale.
However, it is not illegal to sell a vehicle without its V5C logbook.
Published at Sat, 27 Jun 2020 21:25:00 +0000